This report is going to talk about every aspect of the stock market game that I recently finished participating in with this Intro to Business class. It will state the good and bad times I experienced doing this project, my most and least successful trades, the challenging and easy activities that went along with this project, improvements, and most importantly, what I learned from taking part in this game.
First of all, I would like to talk about the good trades, the bad trades, and the trades that were just a waste of making.
The greater part of my stock portfolio was made up of technology stocks, which actually, I regret now. The majority of these stocks went way down towards the end of the game, including Microsoft Corp., AOL Time Warner, and Yahoo Inc. This surprised me, because I believed that these stocks would do the best.
Prices start at $12
Prices start at $11
Prices start at $14
Prices start at $12
Another group of stocks that didn’t do really well for me are the goods-selling companies, including Costco Wholesale, Home Depot Inc. Safeway Inc., and Wal-Mart Stores.
On the other hand, my consumer-good type stocks did the best overall. They provided me with a reasonably good profit. One example is Coca-Cola Co. which gave me a 21% rate of return. I think that’s pretty darn good!
The one stock that I am definitely glad I invested in is Sony Corp. I invested in this stock mainly because it had a steady stock chart, and I figured it would give me a fairly reasonable profit, but boy was I surprised when I found that at the end of the game, I had an 18% profit. This was actually just a lucky trade I made, and the fact that I didn’t sell it when it went down a little bit helped quite a bit Pixar is another example of a lucky trade, which provided me with a 24% rate of return!
There were a few stocks that were just a waste of investing in because they provided me with neither a high gain nor loss. An example of this would be Quicksilver, which I held on to for approximately eight days, and in all that time, gave me a five-cent profit!
The most challenging part of this project was probably all the research that had to be done. I knew that to be a smart investor, this was required, but sometimes, it was just so time-consuming, that it was difficult not just to type in a few random letters in the buy box.
There were a lot more things to enjoy in this project, including learning a whole lot, the different activities to go along with the game, and the thrill when one of your stocks go up. That experience makes you feel like the smartest person in the world and gives you the confidence that you can succeed in investing.
On the contrary, it isn’t the greatest thing to find that one of your stocks has gone down 10% in one day. When that happens, you ask yourself what did I do wrong¡¨, and you question your strategies. Thankfully, that didn’t happen a whole lot for me in this project.
There are a few improvements that I would like to suggest to make this project a little better. One thing is to give the students a little bit more time in class to go on the computers and invest. It gives them a chance to discuss with their friends how they’re doing, helpful tips, and compare their portfolios. One thing that could be eliminated is the need to print out the profiles of every single company you invest in.
I feel that this is maybe a waste of paper, because of the fact that we never looked at them in class, or really did anything with them. I think it would be a whole lot easier, and more conservative, to just go to the company’s profile online if you needed to see it. Those are the only things I see that could be improved.
I think the most important thing I learned was realizing how easy it is to invest, but in contrast, how easily you can lose a whole lot of money in a very short period of time. I learned that investing wisely is the key, and being impatient doesn’t work. I also changed my views that you had to be a rocket scientist to invest. Anyone can, as long as they have the knowledge to do so.
In conclusion, this project has taught me that investing in the stock market can be a fun, challenging, and learning experience. Investing correctly involves a whole lot of knowledge, research, and just a little bit of luck. I applaud your decision to make this a project, and I believe it is by far one of the most interesting and informational projects I have ever done.
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