If you had $1 million, what would you invest in? Would you make smart choices?
Students in our Capital Markets Trading Competition are finding out.
The competition, hosted by Sawyer Business School's Center for Business Complexity and Global Leadership and TD Ameritrade, has drawn more than 60 undergraduate and graduate students. For the last two weeks, the 20 teams have been using TD Ameritrade's thinkorswim trading platform, which simulates the real-world market.
"I feel like I'm in a real trading floor at Wall Street," said Ulrich Dossou, a senior Finance major who's competing on a three-person team of undergraduates.
This isn't Dossou's first trading experience. He's taking an investment course this semester in Sawyer Business School's trading room, where he’s using various trading software, including StockTrak, and has access to resources, such as StockPicker, Seeking Alpha, and Bloomberg.
He's been learning a lot more from the competition. "It's a great experience, even if it's not your career goal. It's a fun way to learn how to build your personal portfolio, which is a financial literacy everyone should have,” he said.
Marlio Campos, a freshman majoring in Finance and Economics, agrees. “This will be great to put on my resume—it will help me land an internship in the future,” said Campos, who’s competing with two other undergraduates.
Winners will be announced at the award ceremony on May 2. Students will receive feedback from TD Ameritrade's Chief Derivatives Strategist JJ Kinahan. Kinahan is a member of the Board of Directors at NYSE ARCA and a member of the Arbitration Committee at the CBOE. He's also a frequent contributor on CNBC “Fast Money.”