Project Description Working in groups of no more than 4 students, you will manage (fictitiously) a stock portfolio initially worth US$ 1,000,000 over an 8-week period. You will pick stocks, and then track the value of your portfolio and possibly rebalance your portfolio over the course of the semester. You should track the value of your portfolio at least once weekly and report stock prices, portfolio value and major indices. You should also keep track of the main financial news events that affect the value of your portfolio over the investment period (using the Internet and/or any newspaper/magazine of your choice). Student will use the Stock-Trak Portfolio Simulation program (www.stocktrak.com) to manage and track their investment portfolio. Rules You will need to select an investment objective carefully. To inspire you, I suggest that you take a look at some mutual fund descriptions available on the web, for example at www.fidelity.com (that gives you access to detailed information on several thousand funds, via FundsNetwork). The Internet has a tremendous wealth of useful information: e.g., money.cnn.com, bloomberg.com, quicken.com. The composition of your portfolio should reflect your investment objective, as well as your outlook on the current state of the economy and individual securities. You can rebalance your portfolio following news and/or market fluctuations, but I do not require that you rebalance your portfolio over the course of the semester. In any case, you will need to justify your trades (or the fact that you chose not to trade after the formation of the portfolio). Your portfolio will consist of regularly traded US equities. You will be charged a flat commission of 10 USD for each trade. Total number of transactions is limited to 200 over the simulation period. You may buy on margin and sell stocks short, but it is by no means necessary to do so. 1-Month 3-Month 20 Fe... 22 Fe... 24 Fe... 26 Fe... 28 Fe... 01 Ma... 03 M... 05 M... 07 M... 09 M... 11 Mar... 13 Ma... 15 Ma... 17 Ma... 19 Ma... SPY % 21 Ma... 23 Ma... 25 Ma... 27 Ma... Portfolio % S&P 500 ETF 29 M... 31 Ma... 02 Ap... 04 Ap... 06 Ap... 08 Ap... 10 Ap... 12 Ap... 14 Ap... 16 Ap 20 Fe... 1-Month 3-Month 22 Fe... 24 Fe... 26 Fe... 28 Fe 01 Ma.. 03 M 05 M... 07 M 09 M 11 Mar... 13 Ma... 15 Ma... 17 Ma... 19 Ma... % 21 Ma... 23 Ma... 25 Ma... 27 Ma... Portfolio % 29 M. 31 Ma... 02 Ap.. 04 Ap. 06 Ap... 08 Ap... 10 Ap... 12 Ap... 14 Ap... 16 A Nasdaq ETF Initial Technology Current 46% Technology 44.58% Consumer Cyclical 22% Consumer Cyclical 24.88% Communication services Healthcare 16% Communication Services 25.36% 6% Healthcare 5.18%