Out of more than 7,100 entries, Sisson seventh grader Kole Riccomini’s stock market essay took first place in the statewide InvestWrite contest.

Out of more than 7,100 entries, Sisson seventh grader Kole Riccomini’s stock market essay took first place in the statewide InvestWrite contest.

Riccomini wrote about how he would manage a $100,000 portfolio by investing in Apple and Discover, said teacher Dave Schmidt.

Sisson students have won the regional competition in the past, Schmidt said, but this is the first time one of his seventh graders has won at the state level.

He’s been teaching middle schoolers about the stock market for 20 years or more, Schmidt said. The InvestWrite competition began in 2004.

When Kole found out he won the statewide prize two weeks ago, he was “surprised,” he said.

In the essay, which complements the online Stock Market Game that Schmidt uses to teach investment concepts, Kole had to support why he made the investment choices he did.

Schmidt said Kole went to the Discover and Apple websites to get information about how their products appeal to consumers, which is something that not all students took the time to do.

From essays written in Schmidt’s exploratory class, the 10 best were submitted.

The essays were judged by personnel from the Securities Industry and Financial Markets Association Foundation on understanding of the subject matter, rationale. and writing style, according to the InvestWrite website.

For his win, Kole received a $100 AMEX gift check, a certificate, a trophy and an invitation to the InvestWrite’s annual awards ceremony.

Kole said he’s not sure what he will do with the $100.