Teenagers to gain investment knowledge

The 2007-8 ifs Student Investor Challenge sponsored by Deutsche Bank and Foreign & Colonial Investment Trust has already attracted thousands of registrations from teenagers across the UK even though the national competition does not start until next month.

The Challenge equips thousands of young people with the knowledge and capability to manage their own finances, both now and in the future, by providing a practical insight into stock markets, savings and investments.

Students have a fantasy £100,000 to invest in the stock market over a three month period. The 20 most successful teams in 4 UK regions then progress to regional finals involving a business quiz. The top two teams in each regional final will then have the opportunity to compete in the national final for an all expenses paid trip to New York and £2,000 for their school.

Rod McKee, Head of Financial Capability at the ifs School of Finance, said: “The challenge commences on November 21 and students have until that date to register on the student investor web site. Thousands have already done so and we anticipate that we will again have almost 30,000 students taking part when the Challenge begins.

Gaining and developing an interest in business, finance and investments through the ifs Student Investor Challenge is an incredibly useful experience and we are delighted that so many teenagers will again be doing so.”

The free to enter competition is open to teams of 4 students aged between 14 and 19 who can register to take part at: studentinvestor.org