 |
|
| The Bahamas Academy Junior Investor team is flanked by coach Larene Reynolds-Bailey (left) and CFAL VP of Business Development/Client Relations, Sean Longley (right). Bahamas Academy is a past winner of the Junior Investor programme. Photo by Donald Knowles | |
Participants in the CFAL Junior Investor Programme at Bahamas Academy are surfing the fluctuating tide of the stock market, says coach Larene Reynolds-Bailey, with changes in market activity causing the team to re-evaluate trading methods and stock analysis. Bahamas Academy is one of a dozen participants in the Junior Investor programme and a past winner. The Junior Investor was developed by leading investment and financial analysis firm CFAL, as a financial literacy course that allows students an opportunity to manage a virtual $100,000 stock portfolio.
“This year’s economic climate is making an impact on my investment strategy in that investment cannot be business as usual,” says Mrs. Reynolds-Bailey. “Indeed we have had to conduct a careful analysis of all the publicly traded companies and observe how they are planning to combat the economic crisis in order to stay afloat.”
She adds: “For now there is not much that can be done as the world economy is on a downward trend and most of our investments depend to a great extent on the US economy. I admire the level of control and the measures that are put in place in order to ensure that our securities exchange continues to offer investors a safe choice for investment.
The winner of the programme will be determined by the school that has the highest return for their portfolio while maintaining a balanced investment strategy. The school that finishes in first place will receive $3,000. Second and third place prizes are cash awards of $2,000 and $1,000 respectively. Members of past teams are also afforded internships at CFAL.
As sponsor of the programme, CFAL donates the time of its securities analysts and traders to facilitate trade instructions and coach classes in the finer points of analyzing the Bahamian securities market and the global investment climate.
