The successful teams used an interesting range of strategies. Here are a few of their insights:
"My tactic was to evaluate companies that seemed to have been on an extreme low and started to rise. I also thought about the sort of companies that would survive and flourish during this time of crisis, the COVID-19 pandemic. I predicted the incline that was to occur on my stocks and read the markets movements accordingly.
Research was a necessity … I researched the companies’ movements in times when the market itself was poor, and then predicted the same pattern would take place.
I held my purchases as I was confident the rise of my stocks would not diminish. At times my peers would tell me to sell or to purchase more but I ultimately disregarded their opinions and stuck to the original game-plan.
The stockmarket is like a puzzle – you just have to find the pieces that fit!”
– Hugh (Year 10), National and WA winner
“Ripley purchased shares in lots of different companies (his final portfolio consisted of 14 companies). He kept those making a profit and if a company was losing money, he got rid of it quickly. He did research using The Bull, but each time he followed the recommendations that company lost him money! When he was on top of our league, he became more cautious … he stopped buying and selling in the last two/three weeks, even though ILU was over $4,000 in the red. This proved a benefit as ILU paid a dividend of nearly $4,500 which negated the loss and kept him on top.”
– Peter Grbic, teacher of Ripley (Year 9), Victorian winner
“My advice to help others would probably just be confident, don't second guess yourself half-way through!”
– Lachlan (Year 7), NSW winner