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 Diya Mistry on Her Experience
The Explorer Hop team interviewed past Global Investment Challenge 2 participants on their experience, to help prepare future students, and offer them insight into what it's like to compete.
EH: Tell us about yourself!
Diya: I love playing basketball, journaling, reading books, riding her bike and playing outside.
EH: What strategies did you use in the global investment competition?
Diya: My Investment strategy has been investing in companies that have been huge in the news. I ask myself: do they have a new launch? Have they bought a company? Have they partnered with another company? Or have they partnered with a popular philanthropist or celebrity?— for example, Elon Musk.
EH: How much investing experience do you have?
Diya: I believe that I have a great knowledge of investing because a couple of months ago, I started trading with real money and since December of 2019, I've been using multiple stock simulators.
EH: If you opened a portfolio, would you use some of the strategies from the Global Investment Competition?
Diya: Yes and no. Only investing in blue chip stock [meaning a huge company with an excellent reputation] is great, but investing in a stock only because they've been huge in the news or shouted out by someone famous isn't the best strategy. It does work, but I believe that there are other factors which need to be considered while investing in a stock.
EH: What would you say to inspire other kids to get involved in investing?
Diya: Investing is a great system to earn money from and not only that, but getting into it sooner, you're one step closer to financial freedom. And one more thing: the satisfaction that you get from your gains is extravagant.