Canada’s securities regulators have awarded a $2,500 prize to a 17 year-old Montreal woman for her essay on the importance of saving and investing wisely at an early age.
In an essay entitled “Maître de soi… et de son argent”, winner Kim Ma proposed a strategy that combined portfolio diversification, a good understanding of the selected financial products and a realistic analysis of the opportunities offered by the financial markets, all while taking into account her risk tolerance and financial goals. “By saving and investing wisely, I have self-control and, especially, control of my money,” Kim Ma said in the conclusion of her essay.
The CSA. contest aims to make young people aware of the benefits of investing and encourage them to learn about the financial products available on the market. Over 600 Canadians from 14 to 18 years of age participated in the second annual contest.
In addition to the grand prize of $2,500, 12 provincial and territorial prizes of $750 each were awarded to winners throughout the country:
- Alberta — Eva Hu;
- British Columbia — Jocelyne Bootle;
- Manitoba — Wendy Kwong;
- New Brunswick — Raphaelle Theriault;
- Newfoundland & Labrador — Meredith Loveys;
- Northwest Territories — Matthew Grundy;
- Nova Scotia — Dominic Daemen;
- Ontario — Clinton Cairns;
- PEI — Graham Watts;
- Quebec — Kim Ma;
- Saskatchewan — Courtney Johnson;
- Yukon — Helen Booth.
News release
http://www.gov.ns.ca/nssc/docs/csareleasemay04.pdf