Let’s have some fun as we learn how the financial markets work. Imagine you have been given $250,000 and the responsibility to manage it for 3 weeks. You are also given the following terms:
* You may buy up to 10 securities that trade in the US financial markets.
* You may invest all or a percentage of your portfolio in the cash markets earning a 2% annual rate compounded daily.
* You must select your allocation by Friday April 3rd using Thursday’s closing prices.
* You may get closing prices from Yahoo Finance or the Wall Street Journal online.
* Your allocation is final once selected.
* You must update your performance on Fridays after the financial markets close using this blog.
* A winner will be selected on Friday, April 24 and announced on Monday, April 27.
* The winner will receive a prize! as long as his/her return exceeds the return of the cash strategy!
Have fun!
My portfolio on Friday after the closing of the markets had a total profit of $20,918.50.
I’m up almost 11K so far
After 2 weeks +$18,078.00
As of closing on tuesday I am down a little at +$20,532. Stinks since I was up around 28k or so
After closing on Wednesday, i was +26k
the stocks on friday killed me, i finished after closing on friday +18,681.50 to bring my total to $268,681.50
After an initial investment of $248,768.00 my portfolio grew to $268,985.00 as of the Market’s closing on April 24th for a total profit of $20,217.00.