Ok in my econ class we are having an extra credit project where we are given $100,000 in fake money to invest in the stock market, and whoever has the highest net value at the end of january wins. I need the extra credit but know absolutely nothing about the stock market, and i was hoping some of you guys know about this stuff. Here are the rules we have to follow:
1.Each person begins with $100,000
2. Your are not permitted to own stock in more than 5 companies at a time.
3. You may not buy stocks priced under $5.
4. You are not permitted to have more tahn $25,000 in cash at any time.
5. Only shares of common stock may be purchased. Perferred stock may not be purchased.
6. You must pay a $10 brokerage fee for each transaction. whether buying or selling stocks.
Basically i need some help on what sites i can look at to find the best info about it, or a site that will teach me all about this stuff. I dont get the newspaper so i'll have to check prices online.
Condering this is only for extra credit (no risk) and only one person wins, I suggest putting all of the money into a single stock, or half into two. Its rather silly he's forcing you to not diversify by limiting you to only 5 stocks.
And since you are on a short time-line, look for one of the cheapest stocks, ($5), and sell when (if?) it doubles ($10).
suppasonic wrote:Condering this is only for extra credit (no risk) and only one person wins, I suggest putting all of the money into a single stock, or half into two. Its rather silly he's forcing you to not diversify by limiting you to only 5 stocks.
And since you are on a short time-line, look for one of the cheapest stocks, ($5), and sell when (if?) it doubles ($10).
Well there will be a few winners because we'll get extra credit just for participating, but if we have the most money for my class ill get more points and if i have the most money of anyone in her classes ill get even more.
In these type of games you want to go for a stock that's high risk and starts out pretty cheap. Don't worry about conserving your money since at least someone is going to find a good stock and make a decent amount of cash. Look for something cheap and high yield and dump all of your cash into it. That's your best shot at winning. It's really the best strategy if you want to win.
ADMIN edit: please note that the overall sig limit is 12k - thanks! (Thanks Leber) AIM is like multiplayer notepad
skibrett15 wrote:In these type of games you want to go for a stock that's high risk and starts out pretty cheap. Don't worry about conserving your money since at least someone is going to find a good stock and make a decent amount of cash. Look for something cheap and high yield and dump all of your cash into it. That's your best shot at winning. It's really the best strategy if you want to win.
I agree. Stay away from the boring blue chip stocks like Coca Cola, Microsoft, Walmart, etc.
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by confused_jake » Sat Dec 02, 2006 2:30 pm 
