Life lesson the real payoff from Meadows students’ mock stock market

It’s all in how you play the game. Those words may ring true for gamblers on the Strip, but they also applied to economic students at The Meadows School, 8601 Scholar Lane.

Students in Dr. Miguel Enriquez’s Introduction to Economics class learned about the stock market with the My Market Watch game, an online trading simulation that gives each player a set amount to invest.

At the school, playing the game came with a warning.

“If you don’t know the rules, you’ll lose every time,” Enriquez said.

Blake Wynn, 16 and a sophomore, must have listened. At the end of the semester, he ended up taking the grand prize of the final game, $300. He won by taking his original $500,000 stake and growing it by more than $300,000.

 

Getting to that point took learning the game.

The first few weeks of the class introduced the students to the basics and got the students used to how to trade, allowing them to make mistakes so the lessons would stick. Then, beginning about Feb. 1, the ante was upped. They were “given” money with which to trade, and the students began playing the game in earnest.

Early games saw students win modest cash incentives provided by Enriquez, and the ante kept going up: Renzo Iannuccilli won $50 in the first game; a female student who did not want to be identified won $100 in the second; and Ben Goodman won $150 in the third.

Enriquez recalled how Goodman took an unusual strategy.

“He just sat there, real quiet, so it surprised me when he came up with the winning strategy,” he said. “But he was listening all that time. He knew what everybody else was thinking.”

The students talked about their trades outside the classroom and were so enthusiastic that four students approached Enriquez and asked to participate, which he allowed them to do.

Wynn called the class fun and said Enriquez explained stock watching better than his mother, Dale Wynn, a day trader, had tried to convey to him. He said with each game, he became more stock- savvy.

“We started with $10,000 in our accounts that first month, and everybody lost the money,” he said. “But that was a learning curve, so by the second game … I really focused on certain stocks and what made them do certain things. You had certain triggers in your mind so you knew when it was a good time to buy.”

To demonstrate to the students what would happen if they simply let the money ride, Enriquez took his $500,000 and let it sit, not trading it at all. It ended up earning $245.95.

“Which is nothing. If I put it in a bank at 2 percent, I’d have $10,000 more,” Enriquez said. “But that was the point I was trying to show them, that if you don’t do anything with your money, you’re losing out, big time.”

A dozen of the students ended up making money. But even the ones who lost money, Enriquez said, learned lessons.

“This is play money. You can make all the mistakes in the world that you want,” he said. “And nobody gets hurt. … I came here thinking these were privileged kids. But what I came to discover is there’s a bunch of really smart students here who work their butts off.”

Wynn made approximately 780 trades and ended up growing his half million to $806,000, nearly half a million higher than his closest competitor. He said he did it by honing his portfolio to a handful of stocks. He set his alarm every day for 6:30 a.m. to check the market and kept an eye on things until the last bell.

The class also included making a business plan. Wynn has had his own small business since he was 12.

“Something really big in my family is to work for what you get, so I had $60 — it was tooth fairy money — and I went to an outlet in Park City, Utah, and bought two pairs of shoes, and I resold them for $100 a pair.”

He’s been traveling the country ever since to various trade shows to sell. He said he’s a top-rated seller on eBay. One of his sales was for a $5,000 pair of shoes.

Wynn said he will invest the $300 in the market “and hopefully it will grow exponentially for me, like I was able to do in this game.”

To reach Summerlin Area View reporter Jan Hogan, email jhogan@viewnews.com or call 702-387-2949.

ad-high_impact_4
News
Local man goes under cover searching for answers to homelessness
Licensed mental health therapist Sheldon Jacobs spent 48 hours under cover posing as a homeless man in an attempt to gain perspective on the complex issue.
Social Work UNLV Lecturer's Calling
Ivet Aldaba-Valera was the first person in her family to graduate from both high school and college. The 33-year-old UNLV lecturer is now pursuing her Ph. D in public policy at the school and has used her degree in social work to engage with the young Latino and Latina community of Las Vegas. (Madelyn Reese/Las Vegas Review-Journal) @MadelynGReese
The world's longest racetrack could be coming to Pahrump
Spring Mountain Motor Resort and Country Club in Pahrump might be the first racetrack in the world longer than 16 miles long once the expansion is complete. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Gold Point townsperson talks about why he choose to live in a ghost town
Gold Point townsperson Walt Kremin talks about the ghost town in Nevada he calls home. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Search for missing 3-year-old boy at Sunset Park
Las Vegas police and Red Rock Search and Rescue team search for a missing child at Sunset Park in southeast Las Vegas on Sunday, Sept.2, 2018. (Chitose Suzuki/Las Vegas Review-Journal)
Nobel Peace Prize winner Malala Yousafzai speaks at Las Vegas tech conference
Nobel Peace Prize winner Malala Yousafzai, who was shot by the Taliban on her way home from school in Pakistan after advocating for girls' education, spoke at VMworld 2018 at Mandalay Bay. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
Father recalls the night his 14-year-old son died jumping into moving traffic
From the Clark County Detention Center, Ezequiel Anorve Serrano talks about the night his 14-year-old son, Silas Anorve, died jumping into moving traffic on U.S. 95. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Palace Station unveils new sports book
Palace Station talks about the new sports book Thursday, August 23, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
One of world's longest racetracks planned in Pahrump by 2020
The racetrack will be 16 miles long by the year 2020 according to Spring Mountain Motor Resort and Country Club owner John Morris. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Henderson police bodycam footage of officer-involved shooting
Henderson police released body-worn camera footage of an officer-involved shooting in a grocery store parking lot at 2667 Windmill Parkway on Aug. 12, 2018. (Henderson Police Department)
Robotics takes off at Las Vegas Academy
Las Vegas Academy’s robotics team made it all the way to the world competition last year, the first year the team competed. Zackary Perry describes how they programmed their robot to compete. The team is an example of what Tesla wants to have in every school in the state. (Meghin Delaney/Las Vegas Review-Journal)
Bicyclist suffers major head trauma in hit-and-run
A bicyclist was hospitalized with life-threatening injuries after a Thursday morning hit-and-run crash near the school formerly known as Agassi Prep. Police said the bicyclist was hit by a white SUV, which fled the scene. The injured man suffered multiple injuries including major head trauma. As of 9 a.m., Lake Mead remained closed between Martin Luther King and Revere Street while police investigate.
Las Vegas artist Dave Dave dies at 42
Dave Dave talks about his art and his life in 2016. (Michael Quine/Las Vegas Review-Journal)
Dave Dave, whose dad set him on fire in 1983, dies
Dave Dave, a respected Las Vegas artist who was badly scarred as a boy when his father tried to burn him to death in Southern California, died at Sunrise Hospital on July 15. He was 42. When he was 6, Dave's father tried to kill him by setting him on fire. He was given a sleeping pill and his bed at a Buena Park, California, motel was doused with kerosene. “I remembered being in a lot of pain,” Dave told the Review-Journal in 2016. “When stuff happens to you at that young of an age, you tend to block it out, but I remember the pain was excruciating.” Dave, who was born David Rothenberg, became close friends with Michael Jackson, who met him after the attack, which burned more than 90 percent of his body. “I wanted to meet him, and he wanted to meet me, and that just turned into a lifelong relationship that never ended,” Dave said. “It was amazing being friends with Michael Jackson. He was an amazing person.” Dave attended ArtCenter College of Design in Pasadena, California, and collaborated with various artists around Las Vegas, eventually selling his art to private collectors. Despite his challenges, he continued to live, thrive and create. Dave Dave
Homicide detectives investigate woman's death
Las Vegas police were called to Tahiti Village Resort early Wednesday after calls that someone had been shot. Police found a woman’s body between a parking garage and boiler room on the resort's property. A guest first reported hearing gunfire. There are no witnesses, but police will examine surveillance videos and look for clues. The woman was not identified, but a purse was found near the body. She did not appear to be a guest at the resort.
LVMPD Discusses Ross Dress for Less Shooting
LVMPD Assistant Sheriff Charles Hank discussed the 15th officer-involved shooting of the year at a press conference at Metro headquarters on Tuesday, Aug. 14. The active-shooter incident took place at the Ross Dress for Less store at the 4000 block Blue Diamond Road in the south Las Vegas Valley. (Madelyn Reese/ Las Vegas Review-Journal)
Metro Asst. Sheriff Brett Zimmerman on Aug. 8 officer-involved shooting
Metropolitan Police Department Assistant Sheriff Brett Zimmerman met with media Monday to discuss the details of the 14th officer-involved shooting of the year. (Madelyn Reese/ Las Vegas Review-Journal)
Clark County School Board president Deanna Wright on travel expenses
Clark County School Board President Deanna Wright says she followed proper expense protocol in trip to Florida last year.
Matt Kelly Elementary School hosted its third annual Back-to-School Red Carpet Program
Matt Kelly Elementary School hosted its third annual Back-to-School Red Carpet Program where community and business leaders joined to welcome students back with an inspirational welcome. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Shooting leaves 1 dead in southeast valley
A man was found fatally shot in the doorway of a squatter apartment after an argument ended in gunfire on Sunday night. Officers responded about 10:30 p.m. to the Silver Pines apartments and discovered the man in a breezeway in one of the buildings. The wounded man died at the scene, despite the efforts of another person, who tried to administer medical aid. Witnesses saw a man and a woman flee the scene, but were unable to give police a clear description.
North Las Vegas unveils new school crosswalk
North Las Vegas councilman Isaac Barron talks about the new school crosswalk in front of CP Squires Elementary School Monday, August 6, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
LVMPD Briefing on OIS #13
Assistant Sheriff Tim Kelly held a press conference to discuss details of the 13th officer-involved-shoot for the department in 2018. Video shows the moments before the suspect was shot. The shooting, which has been edited out, occurred as the suspect lunged at an officer outside the apartment. (Madelyn Reese/Las Vegas Review-Journal)
Sedan and semitrailer collide in south Las Vegas
An early Wednesday morning crash has left one person in critical condition. A sedan and semitrailer collided around 4 a.m. at the corner of Spencer Street and Serene Avenue. Police do not believe impairment is a factor in the crash. Spencer has been blocked off north of Serene while police continue their investigation.
Cybersecurity Professionals Flock to Las Vegas for Black Hat
Black Hat USA, the largest annual cybersecurity conference, is expecting a record 17,000 attendees during its six-day run at the Mandalay Bay Convention Center this week. One thing attendees have in mind is making sure they don't get hacked while they're there. (Madelyn Reese/Las Vegas Review-Journal)
Police chase ends with suspects captured in east Las Vegas
An early Tuesday morning chase ended with a car crash in an east Las Vegas neighborhood. Police were pursuing the vehicle, which they say was involved in robberies in Las Vegas and North Las Vegas, when the driver crashed at Owens and Statz Street. A man was taken into custody. A woman was ejected from a vehicle and taken to a hospital with non-life threatening injuries. The intersection at Mojave Road and Owens Avenue was shut down while police officers searched for the suspect and investigated. The intersection will remain closed for most of the morning.
Record number participate in Touro University Nevada White Coat Ceremony
Three hundred sixty-five medical students received their white coats during the Touro University Nevada White Coat Ceremony at the M Resort in Henderson Monday. The ceremony was developed to honor students in osteopathic medicine, physician assistant studies, nursing, occupational therapy and physical therapy as they accept the professional responsibilities inherent in their relationship with patients. (K.M. Cannon/Las Vegas Review-Journal)
Stop for school buses, urges CCSD
Clark County School District Police Department hold a mock traffic stop at Centennial High School in Las Vegas, Monday, Aug. 6, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Work Begins at Las Vegas Community Healing Garden
Crews moved the wooden Remembrance Wall at the Las Vegas Community Healing Garden on South Casino Center Boulevard Monday. Construction on a permanent wall is set to begin within the week. (Madelyn Reese/Las Vegas Review-Journal) @MadelynGReese
Man wounded outside Cottages apartment
Las Vegas police don't have a motive after a man was shot early Monday morning outside a northwest valley apartment. The man's mother called police to say her son had been shot. She called police around 1:15 a.m. Other people were inside the apartment but no one else was injured. Police are still looking for the shooter.
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like