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Norcross High School’s Benjamin Cloer Wins 2011 Sanders Financial Management Stock Market Challenge | Community Spirit

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Norcross High School’s Benjamin Cloer Wins 2011 Sanders Financial Management Stock Market Challenge
Norcross High School’s Benjamin Cloer Wins 2011 Sanders Financial Management Stock Market Challenge

 

Receives $1,000 College Scholarship; Competition Taught Students How to Invest and Compete in the Workforce

For the sixth year, Sanders Financial Management (SFM) conducted its annual Stock Market Challenge at Norcross High School, with senior Benjamin Cloer taking home the prize: a $1,000 college scholarship.  Students participating in the three month event learned how the global financial system works, and were taught how to succeed in business careers in a competitive workforce. 

The SFM Stock Market Challenge began on February 14 and ended April 15.  Sanders Financial Management is a financial advisory and investment management firm based in Norcross.

“We were very excited to have seniors from Norcross High School participate in our simulated stock market competition,” said Owen Malcolm, chief operating officer of Sanders Financial Management.  “We provided an overview of how the financial system works and general investment tips.  Then, after nine weeks, the student with the largest portfolio and greatest return -- Benjamin Cloer -- was declared the winner and received a $1,000 college scholarship.”

The secret of his success?  Cloer says he stuck to volatile low-priced stocks, sold short when they hit highs and then covered his position when the stocks dipped.

“At Sanders Financial Management, we know it is vital for a company to invest in the community, particularly educating students on how our financial system works,” said Emily Sanders, Sanders Financial Management’s founder, president and CEO.  “We appreciate the support of the administration and faculty of Norcross High School, who work with us each year to offer the Stock Market Challenge to students.”

 

 

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