INVESTING: Get 'Em While They're Young

Get 'Em While They're Young

Paul Lobosco, 29, a business student at New York City's Fordham University, wagered $1 million on stocks last week. But at worst he stands to lose only $49.95. That is the fee that 13,000 students paid to enter AT&T's first Collegiate Investment Challenge, a four-month contest designed to give an almost-real adventure in handling a stock portfolio.

Each entrant is equipped with a simulated brokerage account containing $500,000. The investors place orders by calling a toll-free number that puts them in touch with student "brokers" in Wellesley, Mass., who record the transactions based on the latest stock quotes. The investor who...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!