The ASX Sharemarket Game for 2024 has officially concluded as of 24th October 2024. Game 2 ran for 6 weeks, providing participants ample opportunity to test their investment strategies using $50,000 in virtual cash. The Year 9 and 10 Commerce students competed as single syndicates, trading shares in over 300 ASX-listed companies, ETFs, and LICs, all while factoring in real-time market conditions, including brokerage fees.
Throughout the game, students encountered both the thrills of success and the challenges of market volatility. They quickly realised how dynamic and unpredictable the trading environment can be. Some investments soared, while others faltered, teaching valuable lessons about risk, timing, and patience. The fast-paced nature of the markets kept them on their toes, encouraging them to stay informed, read market trends, and adjust their strategies accordingly.
Dean Macdonald
A standout among the participants was Dean Macdonald from Miss Hillard’s Year 9 class, who ranked an impressive 12th in New South Wales. His performance showcased exceptional trading skills, demonstrating a deep understanding of market trends and the ability to make strategic decisions at key moments.
By learning to analyse company performance, follow market trends, and identify patterns in stock prices, students gained insight into when it was advantageous to buy or sell. This hands-on experience exposed them to fundamental investment principles like diversification, portfolio management, and the impact of external factors such as economic news and global events on stock prices.
After completing Game 1 earlier in the year, the Commerce students had a second opportunity to explore the financial world, gaining practical knowledge that extends beyond the classroom. This experience allowed them to apply what they had learned previously. The game provided a unique and invaluable opportunity for them to implement their theoretical knowledge in a real-world context, building both confidence and competence in financial literacy.
