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 Ishika Yadavalli 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!
Ishika: I'm in Dubai and I'm 16 years old. I'm a food and lifestyle blogger. I also love writing blogs posts and poetry. But my greatest passion is that I'm a dancer- a ballerina. But I've also self taught myself contemporary and hip-hop.
EH: What strategies did you use in the global investment competition?
Ishika: My investing strategy was that I tried to do the usual: buy when high and sell when the curve is low. However I didn't have much time to spend on my portfolio to buy and spend currency, which is necessary.
EH: What do you hope to gain from participating in the challenge?
Ishika: I hope to acquire more experience before setting off on my own and having an adult life. Knowing what you're doing, I believe helps a lot.
EH: What would you say to inspire other kids to get involved in investing?
Ishika: When it comes to matter of money and finance, you can never have too much experience. I would say grab every opportunity you can get with both hands and make sure you really try. You will see the difference when you grow up.