Beginning in the middle of March, each super senior :D will be entrusted with $10,000 to "invest." You have a few days to investigate how you'd like to distribute your "financial assets." Recalling knowledge gathered thus far, especially chapters 14 (money and banking) and 11 (savings), be sure to consider the diverse forms in which you may opt to allocate your funds: CD's, treasury notes, gold dust, savings accounts, checking accounts, corporate bonds, dresser drawers, foreign currencies, collectible items, and, of course, stocks(!).
Over the course of the semester, you will monitor your investments and motivations attached to them. Weekly, you'll turn in a mini-report charting your investments, and periodically, you'll have the chance to compete . . .based on your portfolio's growth.
A few ground rules to get started. . .
Portfolio Check #1 will be on March 16. . .so you'll need to create your portfolio by then.
*Your portfolio must include at least 3 products and at least one must be a stock. You must account and document where all of your $10,000 has gone.
*All of the products in your portfolio must be "real." If you choose to invest in gold, you need to research how much gold costs and where it can be bought and use and cite that information. If you invest in stocks, you must provide accurate, honest, real-time information on when you bought the shares, how much they cost, etc.
*The buying and selling of stocks/bonds will be at a flat rate of $20 per trade unless you research online to find information on a(n online) broker who has more competitive rates. You may use those rates as long as you note and cite the broker.
*You will conduct some basic research on at least on of your investments (firm/bank background). Consider the "type" of company in which you are investing. Do you feel comfortable about investing your money in such a company.. .do you agree with the firm/bank's mission and goals?
On March 16, 2012 you will turn in your first portfolio report. Each week thereafter you will be given a "portfolio challenge."
Google Finance Help Page
NASDAQ (National Association of Securities Dealers Automated Quotations) Stock Market
NYSE (New York Stock Exchange)
Wall Street Journal's "Market Watch"
"The Wild Investor"