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Another Business Star Rises

A budding entrepreneur whose ambition is to establish a string of businesses, has beaten thousands of teams to make it into the semi-final of a national competition run by the London Institute of Banking and Finance.

The competition involves teams investing virtual money on the London Stock Exchange. Those taking part have to keep their portfolios healthy by following the ups and downs of the market, judging when to buy and sell in order to make a profit.

The top 500 teams will now take part in the online semi-finals from February 19 to March 16.

Adam Rosslee at aged only 16 is already quite the entrepreneur. At aged 14 he established a thriving tuck-shop at his former school, Milton Abbey, buying sweets in bulk and selling them for a profit to his school friends. His new business venture is scouring charity shops buying vintage clothing and selling them for sometimes a huge profit.

“I buy a Ralph Lauren brand called Polo Bear that was big in the 80s and 90s, and the charity shops don’t understand what they’ve got most of the time,” said Adam, from Kidderminster.

“In the past I’ve bought a Polo Bear hat for £2 and sold it for £90 there’s a big cult following for the brand.”Adam says he’s enjoying taking part in the competition.

“I’ve invested shares in things like food companies over Christmas as I knew people would spend more money during the festive period, also in energy companies as it’s a cold time of year and my investment in Royal Mail did particularly well, as Christmas is their busiest period.”

Adam who joined SDC in the sixth form is studying DT, CAD, business and production arts.

“I find St David’s a more nurturing place than my former school, and there is more freedom given to students. I’m not monitored as much,” he said.

“It suits my way of learning better, and I like it that we don’t have supervised prep as I work much better alone in a room.”

The top 500 teams will now take part in the online semi-finals from February 19 to March 16.

For the semi-final Adam will need to correctly predict the closing price of certain assets by the end of trading on that Friday. Points will be awarded each week according to how accurately the closing price has been predicted and how long the prediction has been held.

Mark Turner assistant head academic said: “This is the first year the school has entered the competition and I am really proud Adam has got through against nearly 5000 other teams.

“He has shown a flair for the stock market, which is what the challenge is linked to.”


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