Question
Students are asked to select at least two stocks and monitor the market price of those stocks throughout the semester. Please follow the directions below.
Students are asked to select at least two stocks and monitor the market price of those stocks throughout the semester. Please follow the directions below.
Step 1:You have $10,000 (fictitious of course) to spend in the stock market this week. You must buy at least two different individual corporation's stock. You may choose to buy many more if you would like to diversify. Identify which corporations you have purchased, the date on which you made the purchase, the purchase price, and the number of shares of each stock purchased. Keep this information as it will be used at the end of the semester to assess if you were a winner or a loser in the stock market.
Step 2: At three different intervals throughout each month of the semester (approximately once every 10 days--or more frequently during summer semesters), record the current market price of the stocks that you chose to purchase. By the end of the semester, you should have 12 pieces of data that can be recorded so you can verify the progress of each of your stock purchases.
Step 3: Using either a computer program or graph paper, chart the progress of each stock purchase. On the vertical axis you would list the stock price, on the horizontal axis you will list the different dates you chose to record the market price. For each stock that you purchase, you should have 12 dates to record sequentially. You may visit the msn.com website, select money, to help you with this process.
Step 4: On a separate page, calculate the difference between the purchase price of each stock and the day you chose to sell each stock to determine if you lost or made money. Briefly explain your experience with this assignment and if you learned something by investing in the stock market. This write-up should be about one type-written page, using 10-12 point font, double-spaced.
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