Bloomfield Hills Financial today announced its Fourth Annual Stock-to-Scholarship Challenge, a personal finance contest for area high school students, offering them a risk-free opportunity to learn about investing in the stock market by trading their own $100,000 portfolio.
Inspiration for the challenge comes from Bloomfield Hills Financial’s President Kevin VanDyke desire to educate students on how to properly manage their money.
“It’s vitally important for young people to understand saving and investing, because there’s no guarantee that today’s students will have access to a pension of social security in the future,” VanDyke says.
Registration is open until Feb. 10 to all metro Detroit high school students interested in participating. The rules are simple. The student who amasses the largest amount of money in their portfolio is declared the winner of a $5,000 college scholarship. The second place winner receives $2,000 and third place $1,000 in college scholarships. The contest runs from Feb.17 to April 24.
Additionally, students can participate in the InvestWrite essay competition. Bloomfield Hills Financial will be collecting the entries and upon review will select one winner to receive a $500 scholarship. The company will also be selecting the top 10 entries and forwarding them on to the national competition for a chance to win a trip to New York, a laptop or $50 gift certificate.
For more information, visit stocktoscholarship.com.