The Jackson State University Annual Campus-wide Stock Trading / Financial Literacy Wellness Challenge

Jackson State University 1 st Annual Campus-wide Stock Trading / Financial Literacy Wellness Challenge

Prizes

The College of Business, as a result of increased support from Jackson State University and our sponsors, are pleased to announce that participants will be competing for $3000 in cash prizes. The challenge’s top 3 students participants winners will be awarded as follows:

  • 1st Prize =  $1500
  • 2nd Prize = $1000
  • 3rd Prize = $500

Winners will be determined based on their overall positive portfolio performance, following the rules, and timely completion of the built-in Personal Finance curriculum.  See the Official Rules Below. Click the button below to register.

Click Here To Register

Official Rules

  • The challenge is open and free to all currently enrolled students as well as current faculty and staff. for the Fall 2024 term.
  • Participants may only enter once with an active Jackson State University email address and proof of enrollment if declared a winner.
  • Registration opens on Monday, October 14th, 2024, and closes at 11:59 PM ET on Friday, January 17th, 2025.
  • The Competition begins Monday, November 4, 2024, and will run through 11:59 PM ET on  February 14th  , 2025.
  • Participants will start with a virtual $100,000 in virtual cash.
  • Participants can trade U.S. stocks, ETFs, crypto, mutual funds, and bonds.
  • There will be a position limit enforced so participants cannot invest more than 10% of their money in any one security.
  • All participants will be required to use the website’s trade journal feature to document their decisions for making their trades.
  • Day trading, short selling, and buying on margin are NOT allowed
  • To be declared a winner, participants MUST:
    • Have a positive portfolio return of greater than their $100,000 beginning cash balance provided.
    • Placed a minimum of 40 trades during the event.
    • Must have placed trades in November, December, and January. If you have not placed a trade in the aforementioned months, you cannot win.
    • Must use the Trade Journal feature to document decisions for making trades.
    • Complete all the Personal Finance Lessons by 11:59 PM ET by January 17th, 2025. (examples of lessons listed below).
    • Provide a valid phone number and respond if you have been declared a winner of your acceptance within 72 hours of notification of an award.
    • Students must agree to supply a photo and be available for a recorded interview to be made public as the organizing committee deems appropriate.
    • Not completing part of the requirements will disqualify you and the organizing committee shall go in descending order to award winners.
    • StockTrak Inc. shall be the final authority with respect to winners, awards, and distribution of prizing.
    • StockTrak’s audit team will declare the winner 7 business days after the competition ends.

Mandatory Personal Finance & Financial Literacy Assignments

Personal Finance Lessons will include:

  • What is a Stock?
  • What is an ETF?
  • What is a Bond?
  • What is a Mutual Fund?
  • What is the Dow Jones Industrial Average?
  • What is an Income Statement?
  • What is a Balance Sheet?
  • Basic Investing Strategies
  • Types of Insurance (Car, Health, Renters, Homeowner, Life)
  • Creating a Personal Budget
  • Buying a Car
  • Introduction to Mortgages
  • How do I Save to be a Millionaire (lesson on compounding)
  • Understanding Credit and Credit Cards
  • What is a Credit Score?
  • Credit Reports
  • Retirement Planning
  • Use the Home Budgeting Calculator
  • Spending and Savings Plans
  • Budgeting and Spending Strategies
  • What is Wealth?
  • Preparing for spending shocks
  • Good debt and bad debt
  • Managing debt

Important Notes:

1. Only student participants are eligible for the prize award money.

2. Anyone (students, faculty and staff) who completes the tutorials will be awarded a certificate of financial wellness.

Additional Sponsorship Provided by:

Each year, Stock-Trak serves more than 1,000 professors and their 75,000 business school students through its flagship website: www.StockTrak.com. Additionally, more than 82 percent of the top U.S. business schools have turned to Stock-Trak to complement their finance curricula with its practical learning software in the classroom and in finance labs.