KUSA - Need some help with the stock market? Next time you're looking for advice, try asking the kids at the local school.
The Colorado Council for Economic Education offers a free investment simulation called the Stock Market Experience to teach students from third to 12th grade how to decipher trends, learn about investments and gain real-world experience without the risk of losing money.
Jarad Kane, a fifth grader from Academy Charter School, says his favorite part about the program is the keeping up with the competition.
"You have to find the right stocks, see how they're doing and you have to look up the history of the stock to make sure it's been steady," Kane said.
Cole Hancock, an eighth grader from Goddard Middle School, says his strategy is to buy stock in small companies and have a diversified portfolio.
"I think a smaller company with less volume, better news will greater increase the value of your shares," Hancock said.
Hancock says his best performing stock is Tesla, which he's made 16.6 percent on since he bought it on March 6. Hancock says the experience has inspired him to become an investment banker.
Erica Fukuhara of CCEE says that teachers will continue to use the program at the start of the new school year.
"It's a great time for teachers as they're looking forward to think about offering this program in the fall," Fukuhara said. "[CCEE] does offer free teacher training. We just want to see it grow."
Each student or team starts with a virtual $100,000 investment portfolio and compete each semester on state and regional levels. The top three finishers at the elementary, middle and high school levels win a cash prize.
Colorado teachers can register for free anytime. For more information visit: stockmarketexperience.org.
Rose Heaphy contributed to this article.
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