Project 2: Toronto Dominion Investment Challenge
This is the second year for our school's involvement in the Toronto Dominion Investment Challenge. Students will be divided into teams of five students each. Each team will have their own password and will be challenged to maximize a fictional $500,000 portfolio. Students will be permitted to invest in equities and options traded on the TSE, ME, VSE, ASE, and the Canadian unlisted market. Students will also trade equities on the New York Stock Exchange (NYSE), American Stock Exchange (AMEX) AND NASDAQ. They will also trade options on the NYSE, AMEX, Chicago Board Options Exchange (CBOE), Philadelphia Exchange (PHLX), and Pacific Exchange (PSE).
The Toronto Dominion Investment Challenge operates in much the same way as a stock brokerage firm. They are connected live to exchanges and they provide the students with real time quotes.
Every two weeks, students will receive an account statement which details their account activity, holdings, and rankings. Students will also receive a newsletter which provides relevant Investment Challenge statistics.
The main curriculum area addressed by our project is a unit study in Canadian Economy 2103 and it can also fit in with Enterprise Education 2125.
Our students were involved in the Toronto Dominion Investment Challenge last year and the reports from our students in this project indicated that it was a great learning experience into the Stock Market operations. This project provided students with the first practical experience into the stock market.
It is hoped that if our school is granted a Stellar School Project, then our students will be able to access the TD Investment Challenge on the internet. Students did not have access to the internet last year and we relied solely on the Toronto Globe and Mail newspaper. This paper was usually a day late, thus placing our students at a decided disadvantage in the challenge. Students who have cable T.V. will be able to access "Business World" on CBC Newsworld, Monday to Friday at 8:00 p.m., and "Business World" on Fox (channel 15) where they show stock pricing in the U.S. markets.
In last year's Investment Challenge, I had a questionnaire sent out to our students questioning the value of the challenge, their learning power and if the challenge should be offered again at our school. Their response was overwhelmingly in favour of offering the project again this year.