10-year-old MoMo Farmer is Investing Genius &
National Elementary School Winner of SIFMA Foundation’s Fall 2015 InvestWrite® Competition
Smarter than a fifth grader? Think again! Farmer’s
Winning Investment Advice Astonishes
Chapin, SC, February 29, 2016– Paying close
attention on the way to school is exactly why a 10-year-old from South Carolina
just became a national winner of the SIFMA Foundation’s Fall 2015 InvestWrite competition.
Farmer, a fifth-grader at Chapin Intermediate School, won 1st place nationally in
the elementary school division of InvestWrite. The program challenges students
to consider an investing scenario and make recommendations that incorporate short-
and long-term financial goals.
“MoMo’s innovative ideas and remarkable essay
earned her the SIFMA Foundation’s ‘InvestWrite Genius’ title this year,” said
Melanie Mortimer, President of the SIFMA Foundation. “We commend her on this
achievement and praise her teacher, Yvonne Strange, for bringing personal
finance into her classroom with The Stock Market Game and InvestWrite. Studies
have shown these programs raise students’ scores significantly on math,
economics and personal finance tests and prepare them for life’s financial
InvestWrite serves as a culminating activity for 600,000 4th-12th
graders nationwide who compete each year in the SIFMA Foundation’s Stock Market
Game™, an online simulation of the global capital markets that
reinforces STEM learning, 21st Century skills, economics, investing
and personal finance. Since InvestWrite’s inception in 2004, more than
185,000 students have submitted essays. MoMo Farmer is
among 20,000 students this school year taking the InvestWrite challenge, which
bridges classroom learning in mathematics, social studies, and language arts with
the practical research and knowledge required for long-term personal financial
Farmer’s essay explored how things she sees on her way to school have
been impacted by investments. She also had to propose a good long-term
investment that would benefit her community or the world. Farmer wrote about Amazon
in her essay and said, “We
noticed in February 2015 that the total price was around $350. When we bought
the stock in October, the price was around $540. We thought that we would
purchase Amazon because of its past increases and analysts’ expectations. In
addition, Amazon’s donating to charity made us feel good about the company’s
mission and reputation, helping people in need as well running a successful
company.” Farmer applauded Amazon for their Amazon Smiles
program which gives a portion of their sales back to communities.
InvestWrite enables students like Farmer to develop the personal
financial savvy needed to make practical financial decisions with confidence
and gain a deeper understanding of economic opportunities, consequences, and
benefits. Students consider real-world events and news, conduct research
online, and develop investment recommendations. They work in
groups during the Stock Market Game program and then write their InvestWrite essays
individually to reflect their critical thinking, analysis and creative talents.
Farmer loves school, the water and is an accomplished dancer. Her
teacher, Yvonne Strange, a 25-year veteran teacher, said “By participating in
InvestWrite my students are able to apply concepts for a meaningful experience.
Parents are thrilled to see their children so enthusiastic about learning and
participating in real life applications of math and problem solving.
InvestWrite and the Stock Market Game provide opportunities for my students to
apply and use workplace skills that future employers will require.”
Winning InvestWrite essays are chosen through rigorous judging by thousands
of teachers and industry professionals who evaluate students’ understanding of long-term investing, diversification, the capital markets,
and factors that drive investments as well as their expression of investment
ideas in essay form.
An independent study by Learning Point Associates found that students
who participated in the SIFMA Foundation’s Stock Market Game scored
significantly higher on mathematics and financial literacy tests than their
peers who did not participate. They also found that teachers who taught The
Stock Market Game reported that the program motivated them to better plan for
their own financial futures. The Stock Market Game has been named the only
program that successfully increased scores on the Jumpstart Coalition’s test of
high school students’ financial literacy.
The Stock Market
Game and InvestWrite are offered in South Carolina through SC Economics. “We
honor and congratulate our InvestWrite winning teacher and student,” said Jim
Morris, President of SC Economics. “By making economics fun, interesting and
relevant through The Stock Market Game and InvestWrite, we can help fulfill our
mission for South Carolina students to leave high school with a sound
foundation in economic principles, an understanding of our economy and how it
works, and a strong appreciation for the American free enterprise system.”
Farmer and Strange will be honored at an event to be held at Chapin
Intermediate School, 1130 Old Lexington Highway, Chapin,
SC on February 29, 2016 at 1:00 PM ET. Representatives
of the SIFMA Foundation, SC Economics and District Five will be in attendance.
Winning Essay by MoMo Farmer: Our
Journey with Amazon
…you are on the school bus on your way to school and what do you see?
Businesses, grocery stores, and schools are places that are invested in. Where
I live in Chapin, on my way to school, I see Publix, Walmart and banks, like TD
Bank. All of these places are largely possible because of stock investments.
do you think about when you hear “Amazon”? I think about ordering and shopping
on computers. Amazon is invested in too. Amazon is a great stock because it has
made big returns for investors, and they donate to charity. This gives this
stock a very good reputation, along with being a good investment.
investing in a stock, there are many things you need to look for. You need to
look at the stock’s history, to see if it’s climbing or falling. Also look at
the predictions to see if the experts think this stock will rise or drop in the
future. As our group started to look around Nasdaq to buy our very first stock,
we all started searching name brands we knew. We searched a lot of things like
Nike, Under Armor, Publix and more. We finally found a perfect stock that we
predicted would really gain.
purchased Amazon at the price of $521.62 on October 1, 2015. Now on November
23, 2015, you can buy Amazon for about $663. This rise in price happened in
about one month. We all agreed on purchasing this stock because of the history.
We noticed in February 2015 that the total price was around $350. When we
bought the stock in October, the price was around $540. We thought that we
would purchase Amazon because of its past increases and analysts’ expectations.
In addition, Amazon’s donating to charity made us feel good about the company’s
mission and reputation, helping people in need as well running a successful
a stock can be hard for anyone; however, I would definitely recommend Amazon as
a stock to purchase. Today, analysts project Amazon’s 2016 profit to rise by
447.60% and for the stock price to hit $723. I think this may be a little high,
but still think this will be a very good stock to invest in. When we were
deciding to purchase Amazon, we wanted to look at the recommendations.
Twenty-one out of twenty-eight said strong buy. Two out of twenty-eight said
buy and five out of twenty-eight said hold. We noticed that many people had said
strong buy so this convinced us to purchase the stock. Then, we looked at the
P/E Ratio predictions for 2015 (363) and 2016 (135) and decided this stock
could really rise. In general, a high P/E suggests that investors are expecting
higher earnings growth in the future compared to companies with a lower P/E.
a company is successful, there are many ways it can benefit its community.
Amazon benefits our community in three different ways: charity, reputation and
employment. When you become a member of Amazon, every time you purchase an
item, .5% of the money goes to charities like American Red Cross, ASPCA and
World Wide Fund. Giving money to charities also gives Amazon a good reputation.
Consumers want to make purchases from companies that give back to others.
Employment benefits local communities, including the Midlands of South
Carolina, where Amazon employs over 1,500 people at its Lexington distribution
center. Worldwide, Amazon employs over 154,000 people. These are important jobs
that help build good communities.
conclusion, Amazon is an excellent stock to invest in. It is a very successful
company and a big contributor for our community. Amazon's earnings growth is
high, and has helped our group’s numbers rise. Amazon stock has increased from
around $522.00 to $664.00 in just one month. They benefit our community by
giving back and donating to charities, and these acts gives them a good
reputation. They also provide jobs for our community. By playing the stock
market game, I have learned that investing in companies that you are familiar
with and understand can be both profitable and fun at the same time.
the SIFMA Foundation for Investor Education
SIFMA Foundation is dedicated to fostering knowledge and understanding of the
financial markets for individuals of all backgrounds, with a focus on
youth. Drawing on the support and
expertise of the financial industry, the SIFMA Foundation provides financial
education programs and tools that strengthen economic opportunities across communities
and increase individuals’ access to the benefits of the global marketplace.
Notable Foundation programs include the Stock Market Game, which has served
nearly 16 million students since it began in 1977, the InvestWrite national
essay competition, www.investwrite.org, the
Capitol Hill Challenge, and Invest It Forward. For more information on the work
of the SIFMA Foundation, visit www.sifma.org/foundation.
SIFMA is the voice of the
U.S. securities industry. We represent the broker-dealers, banks and asset
managers whose nearly 1 million employees provide access to the capital
markets, raising over $2.5 trillion for businesses and municipalities in the
U.S., serving clients with over $20 trillion in assets and managing more than
$67 trillion in assets for individual and institutional clients including
mutual funds and retirement plans. SIFMA, with offices in New York and
Washington, D.C., is the U.S. regional member of the Global Financial Markets
Association (GFMA). For more information, visit http://www.sifma.org.
About SC Economics
a nonprofit organization, provides South Carolina K-12 students with the
economic knowledge and financial skills needed to thrive in the dynamic
economy. By providing quality training and up-to-date resources, SC Economics
partners with teachers and school divisions to help students develop
decision-making skills needed to be informed consumers, productive employees or
innovative entrepreneurs, thoughtful investors, and reasoned voters. For more
information, visit www.sceconomics.org.
# # #