About the GIC
Explorer Hop's Global Investment Competition (GIC) is a virtual investment opportunity for youth ages 11-17. The competition is open to 500 participants from anywhere in the world. All experience levels are welcome as competitors learn how to trade stocks and build their own portfolio. And for those who are looking to compete, there are more than $100 in prizes to be won! The portfolio with the highest amount at the end of the competition is the first place winner. All participants will however receive a certificate at the end of the competition to acknowledge their learning achievement.
The next competition runs from September 26th-November 4th. Therefore the portfolio with the highest amount on November 4th, 2022 at 4:30 PM EST will be the winner of the first place prize. Second and third place, as well as the top earner in each age category, will subsequently win smaller prizes.
If you feel that you're on the lesser experienced side and want to prepare first, you have time before the next competition. If you would like to learn how to manage your money and invest we suggest enrolling for the following instructor-led online classes: Camp Millionaire Level 1, Personal Finance. If you are looking for self-learning options, check out Learn to Trade and Mutual Funds.
Young Investor Annora Wu on Her Experience
The Explorer Hop team interviewed Global Investment Challenge participants on their experiences, to help prepare future students, and offer them insight into what it's like to compete.
A savvy young investor and entrepreneur from Vancouver. Over the past few months, she had made some pretty smart investments and through the Entrepreneurship program has launched 2 businesses that have raised money for the Canadian Mental Health Association (CMHA). Her innovative work with her team, has helped CMHA fund their mobile mental health units that provide on-site critical mental health care.
EH: How did you hear about the Investment Competition?
Annora: I finished Levels 1-4 of Camp Millionaire and joined Explorer Hop's Young Investor's Club (a club where young investors come together and meet once a month). That's where I heard about the competition.
EH: How did you get interested in investing?
Annora: I was always interested in stocks seeing my mother investing. It's interesting to see the stock prices changing every second and understand there's a reason behind every movement. It's also very interesting to follow and grow my assets along with the companies based on their news and performance.
EH: How much investing experience do you have?
Annora: I started my person investing 10 months ago in May 2020. The first two stocks I bought were Air Canada and Tesla. The Tesla stock price was 980 USD before the split. Now, my stock investment total worth is 12,000 USD. The total profit was 7,000 USD in 8 months.
EH: What are you hoping to learn from participating in the competition?
Annora: I would like to meet young investors who are passionate about investing, like me, to share thoughts and information about the companies worldwide. I'm also hoping to get more involved with stocks throughout and after these three months. Specifically, I am hoping to have a lot more active discussion on Discord.
EH: What would you say to inspire other kids to learn about investing?
Annora: I started to follow several companies' daily news feeds before I invested in their stocks, by following and analyzing their daily news I was able to get a really good sense of their fundamentals. It is a great way to understand the real financial world, and it'll impact your future. I learned so much from the Camp Millionaire classes that it's really easy to understand this information now.