Stock Market club President Isaac Gorodeski has been interested in stocks for many years now.
“My dad kind of showed me about stocks like when I was in 8th grade, so I kind of gained a hobby to buy and sell stocks,” Gorodeski said. “When I saw that there was a stock market club, I knew I would be able to learn more about it, so I joined.”
The stock market club participates in a statewide competition the Ohio Stock Market Challenge. The competition starts in October and goes through December. Math teacher John Kaminski advises the club, and they meet every other Thursday in his classroom.
“There are two state competitions every year that the club participates in where you can formulate your own teams and you get online.”
Participants start with $100,000 in practice money that they can use to trade in a real market.
Gorodeski shared the most valuable thing he has learned about investing.
“I’ve learned not to put all your apples in one bucket,” Gorodeski said. “Don’t put all your money in one thing, because even though you might think it’s promising, if it goes bad, everything goes bad. So it’s very important to diversify.”
Gorodeski explains what his most recent and highest earning stock was.
“I have the Apple stock app, I look at that,” Gorodeski said. “I have one of the widgets, so I can just look at the stocks I have. If I see any changes, I can go online to Yahoo Finance or whatever articles there are, see what changes there are.”
Gorodeski shares his most recent trade he has made.
“So I bought this medical company maybe a year or two ago that transports organs in machines,” he said. “So I bought it when it was like $20 a share, and I sold it when it was at like $80 dollars a share. Right now it’s sitting at $160 a share.”
Also interviewed was senior Jude Landes, and was asked what advice he would give to someone trying to invest in stocks.
“When investing in stocks, it’s important to look at the stock market [how it ebs and flows] and also what the company you’re investing in is saying [on the media] because they will tell you how the company is doing and you are able to make your decision based on that,” Landes said “So basically, do your research.”
Senior Avi Saidel, a former member of the stock market club, was asked about how he would go about making a million dollars in 10 years.
“I would put a lot of money into a good mutual fund,” Saidel said, “and just let it ride out. Long term investments are very safe and will earn money consistently instead of the alternative, short term stocks.”