The University of Texas at Dallas is very excited to present the fifth annual Top Trader Competition. Throughout the summer program, members will be exposed to the world of investment management, from basic investment strategies to credit default swaps. We have recruited some of our best faculty and students to help teach, as well as to answer any questions that may arise. The goal is simple: who can take the skills learned throughout the program and apply them to make the most money in our virtual simulator? Do you have what it takes to be the TOP TRADER?
With an initial balance of $1 million dollars of virtual currency, members can invest in bonds, stocks, and various financial derivatives. Not quite sure what financial derivatives are? Not to worry, our modern instructional videos and various checkpoints will teach you. Our knowledgeable and friendly advisors, comprised of professors and some of our ambitious students, many of whom manage their own portfolios, will be able to answer any questions you may have as well as act as a sounding board for your investing ideas. If that still doesn’t excite you, we are offering a variety of prizes to the best of the best, while allowing you to earn knowledge certificates along the way.
Cost is $50 per student for those signing up by June 1, 2015; cost is $75 from June 2, 2015 through June 15th, 2015.
Contest is conducted 100% online and campus attendance is not required to participate.
Competition runs Monday, June 8, 2015, through Friday, July 31, 2015. Note: Trading will officially start on Monday, June 8, 2015.
A computer with a high-speed internet connection is required to access the web-based trading program.
Contest open to only high school students who will be freshmen, sophomores, juniors or seniors during the 2015-2016 school year.
Prizes will be awarded to individuals who place in the “Elite 10″ during the Awards Banquet.
To participate one must be a legal resident or citizen and have a valid social security number.
An awards banquet will be held on Saturday, August 8th at the university.
In addition to the competition itself, the program also contains a more formal teaching aspect. We have divided what members learn into two sections, each with their own set of modules. The first area focuses on investment knowledge, while the second focuses on personal finance skills. After completing each module, you will take a short quiz. After passing the quiz you will be issued a certificate. If you have passed 2 quizzes by August 1, your account will be given another $100,000 virtual dollars to invest. Additionally, if you have passed all four quizzes you be given an additional $200,000 virtual dollars to invest. In addition to this, if you make an B or above on every exam you’ll be entered to win another prize. There will be a prize for each certificate for a total of four prices.
Below, you will find a complete list of the topics covered under each certificate. Members will be given access to the “Canvas” platform where videos can be found for each topic area.
Another Competition Prize
Once a student completes the required video list and makes an 80% on each exam (4 chances), he/she will be placed in a drawing for other prizes. We will have a drawing for each certificate level.
Certificate of Basic Investment Knowledge Level I – Course Topics
Introduction to interest
Time Value of Money
Discounted Cash Flows
Fundamental Cash Flows
Introduction to Balance Sheets
More on balance sheets and equity
What it means to buy a company’s stock
Price and Market Capitalization
Introduction to the Income Statement
Earnings and EPS
Introduction to the Price-to-Earnings Ratio
Bonds vs. Stock
Introduction to Compound Interest
Annual Percentage Rate and Effective Annual Rate
Introduction to Bonds
Relationship between bond prices and interest rates
Open-Ended Mutual Fund
Closed-End Mutual Funds
Exchange Traded Funds (ETFs)
Does short selling work?
Diversification and Correlation
Certificate of Basic Investment Knowledge Level II – Course Highlights
Complete Level I of Basic Investment Knowledge
Shorting a Stock
Currency Exchange and Trading
Hedge Fund Strategies
The Yield Curve
Efficient Market Hypothesis
Credit Default Swaps
Mortgage Backed Securities
Beta, CAPM and Standard Deviation
Becoming a Chartered Financial Analyst
Certificate of Personal Finance Knowledge Level I – Course Highlights
Introduction to interest
Introduction to Compound Interest
The Rule of 72 for Compound Interest
Renting vs. Buying a Home
Renting vs. Buying a Home (part 2)
Leasing vs. Buying a Car
Credit and Debt
Financial Planning for Teens
Introduction to Taxes
Certificate of Personal Finance Knowledge Level II – Course Highlights
Complete Level I of Personal Finance Knowledge
Term vs. Whole Life Insurance
Estate Planning and Taxes
Disability and Long-Term Care Insurance
Personal Bankruptcy: Chapters 7 and 13
Calculating Needs for Financial Goals
Becoming a CERTIFIED FINANCIAL PLANNER™ Professional
Meet Some Faculty, Staff and Students at the Naveen Jindal School of Management
While the investment competition is arguably the more exciting part of the program, the educational videos and quizzes will give large dividends in terms of financial knowledge in both the short and long term.
Below, you will find many videos from our staff and faculty about what they wished they had learned about investing and personal finance before going to college.
Associate Dean of Undergraduate Students
Professor Polze teaches business law at UT Dallas and also serves as one of the Associate Deans of Undergraduate Education. Watch and listen to Professor Polze discuss the important of education and the economic impact it provides to students.
Caryn Statman, M.Ed., LPC
Associate Director of the Davidson Management Honors Program
Ms. Statman teaches professional development and is the Associate Director of the Davidson Management Honors Program. Listen to Ms. Statman as she explains what she wished she would have learned more about in college; specifically credit and student loans.
David Cordell, CFP®, CFA, PhD,
Clinical Professor of Finance
Dr. Cordell teaches investments, insurance and financial planning at UT Dallas. He also serves as the Associate Area Coordinator for Finance. Watch and Listen to Dr. Cordell talk about his investment philosophies
Jennifer Johnson, CPA
Director of Graduate Accounting
Professor Johnson helps students at the Jindal School of Management to become Certified Public Accountants. She serves as the program director for the graduate accounting programs. Professor Johnson said she wished she would have learned more about credit cards and how to get in a good habit of saving.
D’Ric Jackson is a psychology student at UT Dallas and helps in the finance area as a student worker.
Monica Powell, PhD.
Associate Dean of Graduate Education
Dr. Powell serves as the Associate Dean of Graduate Education at the Jindal School of Management. She helps oversee the school’s nationally recognized graduate and MBA programs. Dr. Powell discusses some money lessons she learned early in life that she still uses today.
Marilyn Kaplan, PhD
Associate Dean of Undergraduate Students
Dr. Kaplan serves as the Dean of Undergraduate Students at the Jindal School of Management. She also teaches courses in business and works directly with students to ensure they are satisfied with their education experience at UT Dallas. Watch and listen to Dr. Kaplan talk about budgeting and planning. Dr. Kaplan says that planning ahead is the most important thing she learned about.
Mary Beth Goodrich, CPA
Senior Lecturer and Faculty Advisor of Ascend
Professor Goodrich teaches accounting at the Jindal School of Management and is the faculty advisor of Ascend. Watch and listen to her talk about the one thing she wished she would have learned more about when she going through college.
Dee Ellington, M.S. , M.A
Assitant Director of Recruitment
Ms. Ellington helps oversee the recruiting efforts in the Jindal School of Management. She helps students understand what great opportunities are available for students at UT Dallas. Watch and listen to Ms. Ellington discuss why she thinks that understanding credit is important.
John Barden, CPA
Director of Undergraduate Accounting Programs
Professor Barden teaches accounting and serves as the program director for the undergraduate accounting program. Watch and listen to Professor Barden talk about a great way to accumulate wealth by using technology
You have probably already heard a lot of the great things the competition provides, but here are some testimonials from former competitors and the President of the DFW Financial Planning Association.
President, DFW Financial Planning Association
This is the DFW Financial Planning Association’s second year to endorse the competition. Watch and listen to Mr. Layfield, President of the DFW FPA, talk about the benefits of financial planning, the DFW FPA and the Top Performer Competition.
2011 Participant – 1st Place "Top Performer"
Jonathan was the Top Performer of the 2011 competition and posted an amazingly impressive 43% gain. Jonathon was rewarded with a $2,000 cash prize for winning the competition. He was a junior last year, but plans to compete again this year.
2011 Participant – 3rd Place
Julie Yoon competed in the first annual Top Performer Competition and earned 3rd place. She was able to invest $1 million and grow it by almost 30% during last summer. She had an ending portfolio value of $1,294,000 and received an iPad 2 for her efforts. She also received certificates in Basic Investment Knowledge and Basic Financial Literacy.
2011 Participant 132nd Place (but still learned and had fun!)
Joel Spreier participated in the competition in 2011 so that he could learn more about investing and finance. Prior to the competition, he had no experience with investing. Joel is a shining example of how the competition can teach students about investing and finance even without winning prizes. Joel explained that he learned more important items in the stock market such as the risk that comes along with speculative investing. The biggest item that Joel learned from the competition that real investing is a long term approach and that making quick money in the market isn’t easy.