The investing club at St. Benedict’s Preparatory School in Newark, New Jersey, is getting to practice with real money thanks to a $100,000 gift.
Gray Bee Investors was established in 2020 by Mike Scanlan, the dean of administration at St. Benedict's.
The students had started playing the investing game during the stock market's pandemic dip and so were invested through the record-breaking rally to all-time highs. "I never in my life thought I'd have a meeting with the finance committee of a school," said Rodriguez, adding that it was a great learning opportunity.
Eventually, Scanlan hopes to be able to draw up to 4% annually from the fund and use the money for improvements to the school, which the students will choose, he said.
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