This year's StoxSmart high school challenge finished with The Cliff Divers on top — marking the second year in a row that students from Josiah Quincy Upper School captured the crown.
Students worked with mentors, including Suffolk Construction CEO John Fish, Cabot Money Management CEO Rob Lutts and newcomer Steward Health Care System CEO Dr. Ralph De La Torre, and learned about how the financial markets work.
De La Torre showed his Tech Boston Academy students Edson Brito and Ephraim Norman the risks and potential benefits of trading options: He never truly tapped into his $1 million and still turned a $50,000 profit for the quarter.
"I very much enjoyed the interaction and more importantly I finally feel comfortable that someone will be able to manage my assets for me during my soon-approaching old age!" said De La Torre.
"It was great to see my students (Elvis and Jose from New Mission) embrace the ideas of how businesses succeed and how Wall Street allows access to capital to those who grow and develop innovative businesses," said Lutts. "My students were full of great ideas and learned a great deal about markets in a short period of time."
For Wall Street traders, it was a historic quarter as both the Dow Jones industrial average and the Standard & Poor's 500 set new records despite political gridlock in Washington, D.C., and banking troubles in Cyprus.
In January, Putnam Investments hosted the students and gave them a chance to see what traders and analysts do every day. Last month, state Treasurer Steve Grossman hosted the StoxSmart students — the first time that some had ever visited the State House.
Last week, I went out to lunch with my Quincy Upper students, Norman Britt and Flormarina Arias, and their school adviser William Chan. Flormarina did her homework back in December and provided a thoughtful analysis for her stock picks, which included Netflix, the top-performing stock on the S&P during the quarter.
As a result of her smart pick, The Cliff Divers wound up on top.
Our lunchtime conversation wasn't about stocks, instead focusing on the upcoming prom and college plans. Norman is going to Gordon College in Wenham. Flormarina is headed to Brigham Young University. He wants to study linguistics and become a United Nations translator. She wants to study business and maybe start a nonprofit to help people in Third World countries.
In just three months, starting out with $1 million to invest, her portfolio gained more than $300,000, so I wouldn't bet against her.
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