Fargo 6th-graders out-invest college students

Sixth-grade stock-pickers in North Dakota outperformed college business students, reports AP.

Dave Carlson’s regular and advanced math classes at Fargo’s Oak Grove Lutheran School picked baskets of stocks through two online investment companies. The regular math students’ picks “yielded a nearly 22 percent gain and trounced all the university clubs on a return-since-creation basis.”

The students chose companies with good track records that they knew something about.

Eloise Baker said she decided to buy Under Armour, which makes sportswear and athletic gear, based mainly on the fact that Christmas and the Olympics were around the corner. Sure enough, the stock shot up. The company just last week approved a 2-for-1 split.

“That’s what I wanted for Christmas. I thought that’s what a lot of other kids wanted,” she said of Under Armour clothing. “I also found it to be a little bit cheaper than Nike, so I thought it was a good buy.”

Carlson’s Math Minions did better than business students at Berkeley, Cornell, Columbia, NYU and USC.

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Comments

  1. Richard Aubrey says:

    Many years ago in a securities class, we were told the S&P 500 outperformed something like 87% of investment funds. The S&P is a blind index. Nobody pays sharp young guys to think about stuff. Seems to work.

  2. SuperSub says:

    Just goes to show today’s stock trading is primarily a Ponzi scheme, taking advantage of the foolish middle class and funneling their money to the top 0.1%.