A journey that started over 21 years ago to train young people in
This year, a team of pupils called The Geals, saw fictitious returns of 30,8%, beating university students to the top prize.
Every year for the past 21 years, the
The pupils and university students are given fictitious amounts and accounts, and they must act as if they are trading in real life. This year saw each participant trading with N$500 000.
According to the NSX, 162 teams from across
The Geals were awarded the first place prize, followed by the
Trading Masters came in third place with a return of 16,8% and walked away with a cash prize of N$20 000, followed by Edu United in fourth place, with N$10 000 for a return of 10%.
Lastly, NamWealth got N$5 000, for a return of 8,8%.
Earlier this year,
To enable participants to trade, each team received a starter pack consisting of basic information and a glossary on financial terminologies, said the NSX.
The participants were tasked with doing research and applying analytical skills to make good investment decisions, with the goal of increasing the value of their portfolio.
Speaking at the awarding ceremony,
"The best gift to a child is helping them discover their talent. When talent is discovered - it is like discovering a fertile seed, it needs to be nurtured, it does not matter how good the seed looks, how fertile it is, if you do not put it in good soil and water, it will die.
"To the talents that have been discovered today, I urge the parents, the communities, the companies that are here, to nurture this talent," he said.
Speaking at the same event, NSX's chief executive
Bazuin said it was good that the youth were learning about finances and investing, as it is an important skill for the future.
"Financial literacy in itself is imperative, people are taught the skills they need to do their financial planning for the future," he said.
Also speaking at the event, CEO of Namibia Savings and Investment Association
"It creates wealth, shared prosperity, but most importantly it also creates a globally competitive financial sector in
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