And the crowd goes wild!
That was what exactly happened during our VIC Stock Game event on Saturday, the 2nd of June at the SGX Centre!
As part of the Singapore Investment Week 2018, “Get Savvy with Investing for Youths” was a seminar specially conducted for young adults between the age of 18 to 30, where majority of the attendees were university students. The aim was to inspire and encourage them how to start investing at a young age.
The event was organised by our partner SIAS and in collaboration with VIC, we conducted a stock simulation game in which participants are able to experience first hand what it’s like to trade in the stock market.
Dr. Daniel Kao, Chief Marketing Officer and speaker of VIC was the facilitator of the game where he explained the rules, shared information about the different companies and announced when the session started or ended. There were even prizes worth $400 to be won!
Everyone in participation had access to each company’s financial information, such as the income statement, balance sheet and cashflow statement. During each session, the hype was intense as groups would flock over to the different brokers in order to buy or sell stocks as the share price flashed drastically on screen. The groups certainly experienced a mixture of emotions during the game, especially when they weren’t able to buy or sell the stocks they intended because of the queue or when their transactions were voided.
Overall, it was an insightful and fun event for everyone! For those who took part in the game in particular, and as young and new investors, valuable lessons were definitely learned, such as the do’s and don’ts when it comes to investing.
If you’d like to know some of the key takeaways that the students got out of the game, you may want to read either of our articles to find out how to start investing or how to make money from Singapore dividend stocks.
You can even sign up for one of our free workshops by clicking on the link below to get started on your investment journey and achieve financial freedom:
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