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 Jayden Lin 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!
Jayden: I live in Toronto, and I'm 13 years old. I like to play my clarinet, I enjoy reading, and I like to go outside for a bike ride.
EH: What strategies did you use in the global investment competition?
Jayden: My investment strategy has been to watch the market closely and whenever my stocks grow I sell them, therefore maximizing my gain just in case the stock prices go back down.
EH: How much investing experience do you have?
Jayden: Prior to the challenge my parents had signed me up for financial extracurricular classes in school and my parents also talk to me about stocks, so I had a somewhat good understanding of stocks. I knew how they worked and how to sell them.
EH: What do you hope to get out of the global investment challenge?
Jayden: I hope to gain more experience and knowledge because you don't normally get the chance to participate in stock challenges and stuff like that. I hope to get a better understanding of stocks and how to effectively invest in them.
EH: What would you say to inspire other kids to get involved in investing?
Jayden: I would say that stocks are a very good way to make money and it's really entertaining and lots of fun to do.