This past summer, the College of Business partnered with Crain’s Detroit Business to launch the UM-Dearborn Investment Challenge, a year-long simulated stock investment and trading competition that offers valuable hands-on experience to participants in their efforts to pursue financial literacy.
To date, nearly 400 participants have registered for the first quarter of trading which began July 5. The first quarter concludes on Sept. 30 and the winners will be determined in early October.
Registration for the second quarter trading period is now open and will remain open through Sept. 30.
The Challenge, which is free and open to the public, tests the investment knowledge and skills of participants by having them manage a $1 million mock portfolio for a chance to win $2,500 in real money each quarter. The contest will award prizes to the top portfolios as determined by total and risk-adjusted rate of return.
Employees, faculty and staff of Crain Communications, Inc., University of Michigan-Ann Arbor, University of Michigan-Dearborn, University of Michigan-Flint, StockTrak, Inc., ePrize, LLC, and their parent and affiliate companies as well as the immediate family (spouse, parents, siblings and children) and household members of each such employee are not eligible. Full contest rules are posted on the Challenge’s webpage.
The contest is made possible by COB’s Betty F. Elliott Initiative for Academic Excellence, a multi-year and multi-disciplinary program that focuses on topics critical to the growth of our region and state. Financial literacy is the theme for 2011-12 academic year.
For more information, visit the UM-Dearborn Investment Challenge webpage on the Crain’s Detroit Business website.
