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 Harry Haghani on His 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!
Harry: I live in Dubai, but I'm originally from Iran, and I'm 15 years old. Currently I'm a pre Ivy student so I spend most of my time studying but other than that I run an environmental campaign.
EH: What strategies did you use in the global investment competition?
Harry: Well honestly speaking I didn't have any kind of investment strategy since the challenge was during my exam. But I tried investing crypto currency and stocks that I found on yahoo finance.
EH: How much investing experience do you have?
Harry: Zero. I had no idea about stocks and cryptocurrency before the challenge, but the challenge helped me gain more knowledge about financial literacy.
EH: What do you hope to gain from participating in the challenge?
Harry: I hope to gain a basic understanding of financial literacy, and investing stocks, crypto currency, and etc.
EH: If you opened a portfolio, would you use some of the strategies from the Global Investment Challenge?
Harry: Yeah definitely, I think the Global Investment had a dictionary and that was very useful.
EH: What would you say to inspire other kids to get involved in investing?
Harry: Well I believe knowledge can inspire so I believe educating people about financial literacy can also help inspire them.