Team Name: Default Skins from Colyton Grammar School
Team members: Archie, Ben, Josh and Ollie
With the live Student Investor Challenge Final only days away, we hear from one of our finalists.
Tell us about your team
We are The Default Skins. A team comprising of Archie, Ben, Ollie and Josh. We are all in Year 13 and we are all studying economics. We have all taken an interest in trading in stocks and shares and considering careers in the sector.
We have been studying hard in the lead up to our A-levels and hope to achieve the best possible grades.
Why did you take up the Student Investor Challenge?
The competition allowed us to apply economic theory in a real-life scenario.
Having been unsuccessful for the last four years, we wanted to give a final shot at progressing further into the competition.
Over the years, we have gradually learnt from our mistakes and through this, we have gradually been placing higher each year.
What’s the story behind your team name?
We chose our name during the height of the popular video game, Fortnite. A Default Skin is someone new to the game and therefore has not been able to change from the default character.
What was your strategy?
On our strategic portfolio, we tried to have a balanced portfolio and manage our risk.
On the active portfolio, we wrote up a list of volatile shares where we felt we could take advantage of short-term fluctuations.
Did you play together, or more as individuals?
Since this is our final year, we had an increased amount of schoolwork. This meant that we had to divide the workload between the team.
We felt that on the active portfolio it was important that – in order to take advantage of short-term fluctuations – each member could make a decision individually.
On the strategic portfolio, we had weekly meetings to discuss our progress and potential trades we could make.
How do you feel you have grown as a team – and as individual students – while taking part in the Student Investor Challenge?
The competition has really helped us to better understand applications of economics in the real world. Moreover, we have increased our awareness of current affairs, as this was crucial step to gaining an insight into the movement of the market.
Have you got any stories to share about your experience in this competition?
Last year we worked hard in the first round and managed to qualify for the semi-finals. However, we mixed up the dates and accidentally missed the first two weeks, meaning that we could not qualify.
At the time it wasn’t funny, but looking back at it we can see the funny side.
What have been the biggest challenges so far in the competition?
We found the semi-finals particularly difficult.
There are so many factors that we needed to consider when predicting the share prices. We found that balancing the importance of each factor was challenging.
What do you think will be the most difficult part of the final? And how are you preparing for it?
The presentation. We know that speaking in front of industry experts and a large audience will be quite daunting.
However, we have been practicing our lines every day.
We would like to say thank you to our teacher, Mr Shields, for introducing us to the competition.
And we would recommend that anybody with interests in economics should take part in the competition to gain an insight into the world of finance.
Find out more about our Student Investor Challenge