Millennials encouraged to take control of their financial future
The Student Investing Championship has been launched by invstr, the investment gaming app. The international competition aims to help thousands of students improve their knowledge of the financial markets and investing.
The championship, which has invited over 200 leading business schools and universities around the world to take part, begins its first competition on 21st November, with subsequent tournaments starting mid-January and mid-March.
The invstr app aims to make the financial markets and trading more accessible. Launched in 2013 by Kerim Derhalli, the app provides live market data and financial information and invites users to play the markets with risk-free investment games using virtual currency.
The app is launching a string of upcoming initiatives at the moment, including the introduction of campus ambassadors. The aim of these initiatives is to raise awareness amongst students about investment “as a viable means of improving their finances.”
One of the key initiatives is the ‘Student Investing Championship’, which will invite students from across the country to test their investment skills through the app. The championship challenge will consist of a series of three investment competitions across the academic year.
The student investors who make the most virtual profit over each of the four-week tournaments win prizes aimed to improve their financial careers. These include cash, internships, and invitations to invstr’s career networking days.
Students taking part in the championship will be able choose from over 1,500 global equity indices, stocks, currencies, commodities and bonds in an effort to win the championship.
Kerim Derhalli, CEO and founder of invstr, said: “The invstr app aims to help everyone learn more about investing and enable our users to take charge of their financial future. This new championship is all about creating a fun and social way to getting more students interested in their finances and the markets.
“With the launch of the Student Investing Championship, we’re taking our mission one step further, setting out to partner with 200 universities globally and eventually inspire 1,000,000 students to develop their financial skills, in a fun and social way.”
The team claim that their ultimate aim is to empower millennials to take control of their own financial future.
Derhalli added: “Financial skills are vital to future economic development, which means that increasing education and understanding of the markets is integral. invstr is in 135 countries already, providing an easy, free way to learn more. We’re encouraging a healthy culture of savings, which will help the economy across the world.”