BLOOMFIELD HILLS — The 2014 Detroit metropolitan area wide Bloomfield Hills Financial, “Stock to Scholarship Challenge” has awared more than 600 local high school students who competed for $8,500 in college scholarships.
For the competition, each student was given access to an online personal stock market account seeded with $100,000 in “play money” to purchase stocks. The participants could trade stocks from their portfolio at will. The goal was to amass more “money” in their account than any other participants.
The winner of the third annual Bloomfield Hills Financial, “Stock to Scholarship Challenge” is Waterford Mott High School senior, Elin Eugeniev. Eugeniev increased his initial $100,000 stake to $126,716.11 and earns $5,000 scholarship to the college of his choice.
Second place goes to Birmingham resident and Brother Rice High School senior, Joseph McCusker. McCusker won last year’s challenge. This year he amassed a total ending balance of $121, 026.55. He wins a $2,000 scholarship to the college of his choice.
Third place and a $1,000 college scholarship was claimed by Troy High School junior, Chuanyue Li. Li raised her initial balance to a total of $117,756.15.
“I’m so very impressed by our participating students. It takes dedication, discipline and commitment to successfully manage a stock portfolio. These students who are just learning about our complex stock markets showed no matter how old you, if you are focused, do your research and invest wisely you can succeed,” said Kevin VanDyke, founder and president Bloomfield Hills Financial.
For more information, visit bloomfieldhillsfinancial.com