Nikita jumps in for market share
YEAR Nine Clarence Valley Anglican School student, Nikita Avery has hit the ground running as a share trader.
Nikita is leading a national competition where students have to create an imaginary share portfolio to the value of $50,000 and manage it for 10 weeks.
The most successful student wins $2500 for their school and $1000 for themselves.
Nikita's portfolio was up $3236.62 yesterday and she has achieved that by avoiding the current market's instability.
"I chose defensive shares that would increase in value in any market," said Nikita.
"Safe shares that will not drop or fall too much."
Nikita chose two mining companies, El Dorado Gold and Oil Search Ltd.
She also picked the Reject Shop and the gaming companies TabCorp and Tattersalls Group.
She chose these shares because gambling and commodity-based businesses have been shown to be relatively recession proof.
Despite having quite an exceptional understanding of finance, Nikita said she probably did not want to be share trader.
In terms of the prospects for her imaginary portfolio, Nikita was not overly optimistic.
"I'm not sure but I hope they go up," she said.