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Sharemarket Game news 

Read the latest news and updates for teachers and students playing the Sharemarket Game. 

End of Game survey

Tell us how you found the Game and what we can do to make it even better. Complete survey

Game 2, 2022 dates announced

Registration opens on July 14
Game will run from August 18 to October 27

Lessons from the winners

Winning the Schools Sharemarket Game takes work, patience, commitment, and a clever strategy.

We check out the strategies of the three participants who topped this Game’s leaderboard along with the state winners.

So congratulations to our winners and to everyone who took part – we hope students had fun and learned something along the way! Make sure you present students with a certificate of participation in the Game

And remember, the Game only grows from your feedback. If you haven’t done so already, make sure you fill in our 5-minute survey and help us make the next Schools Sharemarket Game even more relevant and fun for your students. 

   Prize Syndicate Student School Portfolio value
National 1st and NSW winner Foul Play Oscar (Year 9) Sydney Boys High School $59,032.26
National 2nd Lukas Lukas (Year 10) Barrenjoey High School $58,920.48
National 3rd Logan Logan (Year 9) Hunter Valley Grammar School $58,265.33
VIC winner Jennifer Jennifer (Year 10) St Albans Secondary College $57,183.70
QLD winner Gone to get the milk Riley (Year 10) Dalby State High School $57,057.62
SA winner Josh Joshua (Year 10) Mercedes College $55,908.98
WA winner BS Financial Advice Benjamin (Year 11) Christ Church Grammar School $55,688.73
ACT winner THE GOLD-DIGGERS Fraser, Ethan and (Year 9) Trinity Christian School $55,459.20
TAS winner Lewis Lewis (Year 12) Hellyer College $54,803.17
International winner Lucas Lucas (Year 9) Australian International School, Singapore $54,072.56
NZ winner Group1 Nino, Max, Kade and Grace (Year 12) St Peter's School $53,590.69
NT winner Whisper FC Connor and Shaun (Year 9) The Essington School $51,753.50

Two smart strategies

Our national winner and New South Wales’s number participant is Oscar L., who played under the name 'Foul Play’. Contrary to his syndicate name, the Year 9 commerce student from Sydney Boys High School played very fairly – and wisely, resulting in the winning portfolio of $59,032.26.  

Oscar implemented two strategies to get him first across the finish line. Firstly, he used the tried and tested tactic of dollar-cost averaging. This means that you buy when the price of stocks are on the way down. Oscar explains:

“Using dollar cost averaging helped me drag my average cost per share lower and lower, which helped maximise my returns with low risk.”

To fund this strategy, Oscar kept at least 35% of his portfolio in cash. When the shares that he was watching dipped, he was able to buy them at a good price. Sometimes, he held most of his portfolio in cash. This was because he had formed the option that the market was too volatile or too bearish – that is, shares or sectors were likely to decline for a while.

Oscar’s second strategy involved attempting to predict where the market was going to go. This involved keeping a close eye on international events, watching other markets and doing technical analysis using several indicators. 

It’s worth noting that this second strategy can work in a short-term investment horizon like the Schools Sharemarket Game (as it did for Oscar). However, in real life, investing in the sharemarket is a long-term proposal. Generally, investors who choose shares wisely then hold onto them for long periods tend to be the most successful.

In it for the long haul

Lukas M. (‘Lukas’) was this Game’s runner-up. Lukas is a year 10 Commerce student who attends Barrenjoey High School in the Sydney Northern Beaches suburb of Avalon.

Lukas had participated in the Sharemarket Game previously. He confessed that in that game, he had succumbed to panic selling. In other words, he had sold stocks when their price fell, fearing that they would lose too much value. However, what often happens in this situation is that the fall in the share price is only short term – and they rise again after they’ve been sold.

In this round, Lukas focused on investing in technology and energy stocks, which he believed would perform strongly, as well as being patient. 

He made a conscious effort to ‘play the longer game’ by riding out temporary rises and falls in the value of his shares.  The strategy was a winner. While he didn’t profit on all the shares he held, the combination of early success with some tech retail and holding onto his energy shares boosted the value of his portfolio. He finished the game with a portfolio worth $58,920.48.

Value seeker strikes gold (and oil)

In third place was Year 9 student Logan G. (‘Logan’) from Hunter Valley Grammar School. Like the other winning participants, Logan is a Commerce student from New South Wales. 

Logan’s strategy was to search for undervalued companies with strong cash flows that analysts predicted would provide higher dividend returns in coming months. He focused on market sectors that he thought would perform strongly in the current environment of rising inflation and geopolitical turmoil.  

Logan believed energy stocks would provide strong returns and solid dividends. While Logan had to navigate a significant amount of volatility, his strategy was successful and landed him at third place with a portfolio of $58,265.33.

The state of things

And a shout out to the State Winners, too. Victoria’s number one participant is Jennifer N., a Year 10 commerce student from St Albans Secondary College. Jennifer focused on the impact of global events on share value. She forecast that the war in Ukraine would impact energy stocks and agriculture. She also diversified her portfolio to protect it against volatility.

Riley J., a Year 9 student from Dalby State High School, was Queensland’s state winner and participated under the name ‘Gone to get the milk’. He considered the current conflict in Europe and decided to invest in the energy and minerals sectors. For him, the hardest decision was when to sell, but eventually keeping all his shares was the strategy that kept him in the lead.

ACT’s state-winner syndicate was ‘The Gold Diggers’ of Trinity Christian School. Fraser, Ethan and Josh decided to concentrate on companies they believed would remain consistently strong throughout the time period of the game, and chose the energy sector as their main focus. They also bought shares in large quantities to avoid brokerage.

Western Australia’s leading participant was Christ Church Grammar School’s Benjamin S., a Year 11 Economics student who played under the name ‘BS Financial Advice’. Benjamin opted to focus on companies with strong business fundamentals including solid price-to-earnings ratios. He also focused on companies recovering from the impact of the pandemic.

South Australia’s winner, Joshua B. of Mercedes College, chose large companies and industries that would benefit from the COVID pandemic and diversified his holdings. Meanwhile, Tasmania’s leading participant, Lewis J., a Year 12 Business student at Hellyer College, used his real-life experience of seeing food prices soar at the supermarket where he works to invest in agribusiness.

Congratulations too to Northern Territory’s top syndicate, ‘Whisper FC’ (Year 9 students Connor and Shaun) from the Essington School, who mainly used technical analysis, believing a data-based approach to choosing stocks would result in better outcomes. They comment that if they were to do one thing differently in the future, it would be to avoid the temptation of day-trading.

Winners from afar

Across the Tasman, our Kiwi winner was Group1 – made up of Year 12 students Nino, Max, Kade and Grace from The St Peter’s School. Meanwhile our international winning syndicate was Lucas, a Year 9 student at The Australian International School in Singapore.

A brilliant effort from everyone.

Teachers share their experience

We have received some fantastic feedback from participating teachers and we would like to share one with you as it highlights how Cherrybrook Technology High School implemented the Game within their syllabus.

"Students in the Economy and Investing Course (a Stage 5 Commerce elective) have been playing the ASX Sharemarket Game over the last 70 days to put into practice the theory covered in the syllabus.

In class, students have been learning about investing, specifically a range of investment options, with shares being one of these options. Students have looked at the factors which influence the share price, the role, and significance of ASX announcements, and the importance of a diversified portfolio.

During the length of this Game, students have seen firsthand the volatility of the sharemarket often from external factors.

Students used information from the Game to complete their research assignment. They researched a particular ASX listed company and found out their market capitalisation, initial listing price, latest dividend, and how a specific announcement affected their share price. Students then used graphing tools to see how their chosen company compared against the ASX200 and the industry. The value of this task was the importance of research when investing."

Mr Ward, Head Teacher HSIE

Have a say

Tell us how you found the Game and what we can do to make it even better. Complete survey

Game 2 is just around the corner

Registrations will open on 14 July and  Game will run from 18 August till 27 October 2022. This is another opportunity for your students to join in the fun and get more hands-on experience of the sharemarket.

Did you miss an episode? Catch up on the 12 steps to get started investing by Equity Mates Media.

Over the course of the Game we have been sharing these Equity Mates podcasts to cover the basics and equip you with the knowledge and skills needed to start your investing journey. We hope you have found it useful. 

In the final episode, Equity Mates present a great recap on the 12 Steps to Get Started Investing as well as discuss three new concepts: Be global, Be different, and Get out of your own way. 

NEW - Video series part 3: How to use charts

In the final part of this three-part video series, Thomas, the Economist from the podcast Comedian V Economist, explains the different type of charts that investors can use to gather information about the market plus provides some tips on how to read them. Watch now

Video series part 1: Why do we own shares

In the first of this three-part video series, Thomas, the Economist from the Podcast Comedian V Economist, explains the basic concepts of dividends and capital gain and how these can shape your game strategy. Watch now

Video series part 2: Market trends

In the second part of this three-part video series, Thomas, the Economist from the podcast Comedian V Economist, explains the three lenses through which to look at prospective investments: market trends, micro fundamentals and popularity factors. Watch now

Important information

The views, opinions or recommendations of the authors of this market update are solely those of the authors and do not in any way reflect the views, opinions, recommendations, of ASX Limited ABN 98 008 624 691 and its related bodies corporate (“ASX”). ASX makes no representation or warranty with respect to the accuracy, completeness or currency of the content. The content in this market update is for educational purposes only and does not constitute financial advice. Independent advice should be obtained from an Australian financial services licensee before making investment decisions. To the extent permitted by law, ASX excludes all liability for any loss or damage arising in any way including by way of negligence.


Comedian V Economist is a product of Equity Mates Media. 

All information in this podcast is for education and entertainment purposes only. Equity Mates gives listeners access to information and educational content provided by a range of financial services professionals. It is not intended as a substitute for professional finance, legal or tax advice. 

The hosts of Comedian V Economist are not financial professionals and are not aware of your personal financial circumstances. Equity Mates Media does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given.

Before making any financial decisions you should read the Product Disclosure Statement and, if necessary, consult a licensed financial professional. 

Do not take financial advice from a podcast. 

For more information head to the disclaimer page on the Equity Mates website where you can find ASIC resources and find a registered financial professional near you.