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Thursday, January 31, 2013 - OU's SAIFE offers students risk-free investment experience
OU's SAIFE team will host a stock trading competition this winter.
Oakland University's Society for Applied Investing and Financial Education (SAIFE) will offer students a safe way to delve into the stock market this winter with its trade competition. 

The competition will offer students a risk-free investment experience from Sunday, Feb. 10, through Friday, April 12.

Participating teams -- comprised of one to five people -- will use a computer model to make mock investments based on real stock prices. 

Each competitor will start with $1 million to invest in 15 stocks. Prizes for the teams with the highest returns will be awarded tuition credit in the amounts of $1,000 for first place, $600 for second place and $400 for third place.

“Anyone can invest, and anyone can benefit from it,” said SAIFE President William Gross, a junior finance major in the School of Business Administration’s Applied Technology in Business minor program. “When you get started, it’s hard to know when to buy and sell. You need experience. Through SAIFE, you can have a safe experience without the trauma of losing money.”

SAIFE was designed to teach students the basics of financial investing. The competition is open to all OU students, regardless of major.  To learn more about the competition, e-mail SAIFEinc@oakland.edu.

To learn more about SAIFE check out the Society for Applied Investing and Financial Education at OU on Facebook.