What you need to know about the Student Investor Challenge
Take part in the UK's premier investment competition for students with a top prize of a trip to New York. On top of that, winning team members get prize money to spend as well! There are also other prizes on offer throughout the challenge. Teachers can also try and beat their students in the first round of the competition (but they won't be eligible for the prizes).
About the prizes
What does the challenge involve?
The Student Investor Challenge is designed for teams of four students and has three rounds. The competition is open to teams from anywhere in the world, however teams from schools based outside the UK are only able to take part in the first round of the challenge and are only eligible for some of the prizes on offer.
Round One – 15 October 2018 to 25 January 2019
Teams will invest their virtual money in a set of stocks and other investment instruments and they must create two portfolios:
The Active Investor portfolio allows teams to trade every day. Each month, the team with the most improved Active Investor portfolio will be rewarded with a prize (maximum one prize per team).
The Strategic Investor portfolio only allows a limited number of trades per month, encouraging long term thinking.
Teams have a virtual £100,000 to invest in each portfolio*. Teams are strongly advised to invest the full amount of cash they have at all times, as teams keeping more than £15,000 in cash in either portfolio will be subject to a daily Windfall Tax of £1,000.
*Teams starting to trade after the Student Investor Challenge has started have their starting money index linked to the FTSE 100 to ensure every team has an equal chance of winning the competition.
Round 1 trading rules
Semi-finals – 18 February 2019 to 15 March 2019
A total of 500 teams from UK schools will compete against each other in a four week online semi-final from 18 February 2019 to 15 March 2019.
The semi-finalists will be selected as follows:
First, we take the top 250 teams based on combined performance of their Active Investor and Strategic Investor portfolios.
Next, with these teams discounted, the top 100 teams based solely on their Active Investor performance.
Then, the top 100 teams based solely on their Strategic Investor performance.
Finally, we take the 50 best performing teams based on percentage portfolio gain of their Active Investor portfolio in January 2019. This is a great chance for 'late-chargers' to gain a place in the semi-finals.
For each week of the semi-finals, teams will need to correctly predict the closing price of certain assets by the end of trading on that Friday. Points will be awarded each week according to how accurately the closing price has been predicted and how long the prediction has been held. A team's overall score at the end of the semi-finals is the sum of their best three week's performance out of four (i.e. their worst performing week is discounted).
Finals – April 2019, exact date TBA
The eight best performing teams from the semi-finals will be invited to the live national final. The finalists will take part in a number of business challenges and the winning team will receive a trip to New York!
How do teams register?
Teachers can register teams between 3 September 2018 and 16 November 2018 using their Teacher Reference Number (TRN) – this is a seven digit number supplied to teachers by The London Institute of Banking & Finance which will be sent to schools in early September 2018.
Once registration is open, teachers who have not already received one can request a Teacher Reference Number through this website.
Each team must consist of four students who will be aged 14-19 on 31 August 2019. Each school/college can register as many teams as they like, but each student can only belong to one team. All members of a team must be from the same school/college and each team must have the support of a teacher.
Teachers and lecturers can also play, to see if they can beat their students. Teacher teams can have as many members as you like but are not eligible for any of the prizes on offer.
To help you get into the swing of things, we also have a practice game which will be available to registered teams from 17 September 2018 until 12 October 2018. Participation in the practice game is not mandatory and teams may join the practice game at any time. No prizes, no pressure, it's the perfect way to prepare for the live challenge.
How do teams know which shares to trade?
Once registered, teams will be able to access a whole host of extra information on this website to help them make good investment decisions.