By Troy McManigal ‘19
Mr. Tom Wegesin, a Brother Rice grad and current teacher at De La Salle High School, asked Brother Rice Entrepreneurship class teacher Mr. Bob Peters if he could get some students to join a “stock trading” competition Mr. Wegisin moderates. Students would invest by buying and selling stocks in real time, through a website called Investopedia.com.
Each participant starts the competition with $100,000. They buy and sell stocks of real companies, based on actual prices of stocks each day. Mr. Peters asked if there was a certain number of players that he would need to join the competition. Mr. Wegesin said it would be great if Brother Rice could get four to eight players to join.
Mr. Peters was happy to report that in the first semester of this competition, we had 62 Brother Rice students participate in the Brother Rice Investment Club! They DOMINATED the competition!
The students are ranked both individually and in teams of 5 players. Some of our students asked to be placed on teams with their friends. For the most part, Mr. Peters assigned guys to teams in the order they signed up to play in the contest. When Mr. Wegesin originally contacted Mr. Peters, he said that in addition to DLS, Fenwick and Trinity High Schools were also going to be in the competition. Judging from the final results recap, only Brother Rice, De La Salle and Julian High Schools participated. Brother Rice had a total of 12 teams with 5 players per team, and one team made up of 2 players. Julian had 2 teams, and DLS had a total of 3 teams.
The overall Individual 1st Place winner was BR senior Patrick Kane. Trading began in October. Patrick took his $100,000 and more than doubled his money, ending the trading on December 5th with $250,503.92!
Second place went to BR junior Jack McShane who ended up with $137,477.72. A student at Julian came in 3rd with $118,354.32. In the individual rankings, BR students placed 8 in the top 10; 14 out of the top 20; and 16 out of the top 25.
In the team rankings, BR teams again placed 8 in the top 10; and 12 out of the top 16.The #1 team was BR McShane, earning a total of $704,080.72. It’s no wonder that this team ranked 1st since Jack McShane and Patrick Kane were both members of this team. Other players were senior James Murphy and juniors Chris Neary and John Stillman.
The Julian Team 1 placed 2nd with a total of $543,989.20. Places 3 through 7 were all from Rice. The #3 team was BR Gilmartin, earning a total of $530,235.65. Team members consisted of seniors Sean Gilmartin, Sean Osborne, Kevin Niemiec, Mack Chada, and junior Liam Glennon. Glennon and Gilmartin placed 8th and 10th respectively in the individual rankings.
Overall, this was a great showing for Brother Rice. For the Spring 2018 contest, students will trade options instead of stocks.
Picture 1: Team McShane – Back Row L to R – John Stillman, Jack McShane, and Chris Neary – Front Row – James (Jake) Murphy, Patrick Kane
Picture 2: Team Gilmartin – Back Row L to R – Sean Osborne, Mack Chada, and Liam Glennon – Front Row – Kevin Niemiec, Sean Gilmartin