Tuesday, April 8, 2014

North Dakota Sixth-Graders Trump College Business Students

One of the top stories over at Yahoo!Finance right now: Fargo, ND, sixth-graders school college business students on investing:
A class of sixth-graders from North Dakota has schooled some of the best college business students in the country on the stock market.
It started as a competition between the regular and advanced math classes at Fargo's Oak Grove Lutheran School, where Dave Carlson was teaching his students about handling money through two online investment companies. Unbeknownst to the middle school investors, one of the companies was at that time holding a university challenge that offered a $5,000 first prize to the investment club with the most profitable basket of stocks.
While Virginia-based McIntire Investment Institute won that contest with an 18.5 percent return, Carlson's regular math class yielded a nearly 22 percent gain and trounced all the university clubs on a return-since-creation basis.
Move over Berkeley, Cornell, Columbia, NYU and USC. You've been beaten by Carlson's Math Minions.
They probably over-weighted their basket with KOG. 

When she enters 5th grade, I will hire my younger granddaughter as my investment adviser. The older granddaughter schools me on math and science. 

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