ASX Sharemarket Competition Success
Year 11 student Jaymee Suliman took out a 1st place overall for the state in the most recent ASX Sharemarket Competition. This national comp sees over 17,000 students compete to make the largest profit on an initial $50,000. In under 2 months, Jaymee turned her $50,000 of game currency into over $104,000. Impressive given the downturn in our share-market and the increased volatility seen in markets globally.
Jaymee took up the challenge as an extra-curricular activity during the period of online learning and had no idea the success she'd had in the competition. Weighing up the current global situation, Jaymee chose AfterPay and Fischer & Paykel Health stocks as two companies she thought would do well, buying in at a bargain price and cashing in at the perfect time.
For her success Jaymee will receive $400 in prize-money to use as she see fit. Hopefully it will be invested wisely!