Students at Mesabi East becoming savvy about stock market

[anvplayer video=”5170915″ station=”998130″]

The stock market can seem like a million miles away from the Northland.

But for students at Mesabi East, it’s front and center, since they are managing a $100,000 portfolio in the Stock Market Game.

Carl Levelwind, a senior, said he’s invested in solar and gasoline, and even toilet paper!

“I remember back when I was 15 and 16 years old, and I’d be on the Play Station, and also be day trading. With dollars. This time it’s different, because it’s $100,000,” he said.

The game is part of the SIFMA Foundation’s Capitol Hill Challenge.

Frank Zobitz, their Business Instructor, said it’s fun to see the kids reaction. “When they make money, they are excited. When they lose money, they go, why are we doing this. And the excitement is back when the stocks go up.”

And the goal is to provide some real life experience, but with some safety, since it’s not their own money.

The challenge also includes time with members of Congress. On Monday, Pete Stauber stopped by the class.

The Capitol Hill Challenge runs through mid-May. Go Giants!

Isle is also competing.

For more information about the game: