Bloomfield Hills Financial announced three winners in this year’s “Stock to Scholarship” program, which concluded in April 2020. Bloomfield Hills High School junior Barry Sabin earned third place in the contest and a $1,000 scholarship - out of 490 participants.
The scholarship contest began prior to the outbreak of the COVID-19 global pandemic, which significantly impacted the stock market, creating an unexpected set of challenges for this year’s contestants - and making the significant gains each student achieved even more remarkable.
The goal of the challenge is to help high school students in Macomb, Oakland and Wayne counties understand the basics of investing in the stock market by participating in a risk-free environment with the goal to win scholarship money. Each participating student was provided access to an online investment account pre-funded with $100,000 in “play money” which they used to purchase various stocks and mutual funds. Participants placed trades in their portfolios at will with the goal to amass more “money” in their account than any other participant.
Since 2012, the Bloomfield Hills Financial Stock to Scholarship Challenge has provided scholarships to 29 metro Detroit students.
Way to go, Barry!