Investing in Hard Work Pays Off with Economics Award
First Michigan Student to Win National Essay Contestby Erin Albanese
When it comes to understanding the stock market, there's a lot that goes into bulls and bears and highs and lows. When giving his two cents, though, senior Braden VanDyke says to take a blended approach with an "eye for the long run."
As part of his AP economics class, Braden entered an essay in the InvestWrite portion of the Stock Market Game, earning him first prize in the competition. He is the first Michigan student to win the contest.
The essay competition complements the nonprofit SIFMA Foundation's 40-year-old Stock Market Game, in which students are challenged to develop a successful investment portfolio by investing a virtual $100,000.
InvestWrite challenges students to write an essay using their newly acquired financial knowledge to address real-world issues in saving and investing. Judged online anonymously by industry professionals, Braden's essay placed first among 3,000 high school entries.
Administrators and several SIFMA Foundation representatives, who came to Byron Center High School from New York, surprised Braden at a celebration assembly where students gathered to celebrate national titles and awards in athletics, arts and academics. He had no idea he had won.
"Braden's understanding of a blended approach to investing is what made it so strong, as well as his analysis of why Facebook is a great long-term investment," said Melanie Mortimer, SIFMA Foundation president.
On the Way to the Big Apple
The prizes: a pizza party for his class, a plaque, a trophy and a three-day, all-expenses paid trip to New York City in June with a parent and AP economics teacher Brian DeHaan, to tour Wall Street and the financial district.
DeHaan has had students enter the Stock Market Game for the past five years. Another student placed seventh last year in the essay contest.
"Braden's a pretty smart guy. You can tell he understands the concepts and materials in class," DeHaan said. "I would expect if someone was to win, he would have been one of the kids to do it."
Braden said he realized he was the winner when Mortimer started describing him on the microphone at the assembly. She mentioned his passion for the Pledge of Allegiance, which he says over the intercom every morning.
Braden said DeHaan inspired him to learn about investing in his economics classes for two years.
"If it wasn't for my teacher's enthusiasm, passion and energy, it would be hard to see that this is real life, that this small little Internet game, the Stock Market Game, really does have big implications in the real world," Braden said. "And when you dig deeper and talk to different financial advisers, you see how deeply ingrained economics is and it's really cool to see."
It will be Braden's first trip to New York. "It will be cool to see a new culture and lifestyle of America."
The son of Deb and Jeff VanDyke, Braden plans to attend Hillsdale College to major in political science and economics. At Byron Center he is class president, National Honor Society president, and has been involved in Pride Pack, AUA Diversity, Debate Club, Environment Club and Government Club. He plays violin and is involved at Byron Center Bible Church.
Submitted on: April 11th 2017