Dec. 17, 2003 by Jeany Llorente NMSU News Center
The New Mexico Stock Market Game, sponsored by New Mexico State University’s College of Business Administration and Economics and the New Mexico Securities Division, recently received $20,000 from Martin Cabrera Jr. to increase student participation in New Mexico public schools.
“I know firsthand how important it is to understand personal finance. In fact, if it weren’t for the Stock Market Game, I may not be where I am today,” said Cabrera, president of Cabrera Capital Markets Inc., an investment-banking and institutional brokerage firm. “The program teaches young people how to invest and use their analytical skills. It made a huge difference in my life and I hope it can have the same impact on these kids.”
The gift will be made in two installments over the next two years and will eliminate the basic activity fee required for participation.
“This is an exciting time for the Stock Market Game Program and wonderfully coincides with our 20th anniversary at NMSU,” said Dorothy Hughes, Stock Market Game coordinator at NMSU. “The response to this news from teachers has been very enthusiastic, so we are expecting a big increase in participation this spring, and a fun and vigorous competition for the students as they learn some valuable lessons from our program.”
The Stock Market Game is a computer simulated competition that has been played each fall and spring by more than 65,000 high school, middle school and elementary students throughout New Mexico over two decades.
Each team begins with an imaginary $100,000 to “invest” during a 10-week period each semester, while teachers incorporate the game’s supporting materials into their curriculum.
For more information about the Stock Market Game, visit the national Web site at http://www.smgww.org or contact Dorothy Hughes, the New Mexico SMG coordinator, at (505) 646-3690 or email@example.com.