Researching our stocks… Our lovely teacher told us about a few websites that we could try when researching stocks. We found the most success with msnmoney.com. We also tracked the progress of our stocks on CNBC. We split our group into three segments. Ashley looked up new, potential stocks. Racquel would then track their sixth month progress. Nina was responsible for making and tracking the purchases. We selected stocks based on products that we use and are interested in. We also attempted to cash in on major holidays such as Easter and Valentine’s Day.
Our Least Productive Stock… Our least favorite stocks were: Right Now Technologies: -4% Wal-Mart: -2%
Our Most Productive Stocks… Several of our stocks did very well. We especially liked: Farmers’ Capital Bank: +46% Wells Fargo: +41% Apple +39% Buffalo Wild Wings +33%
Our Account Summary Our Net Equity Gain: $19,676.95 Our percent of return: 19.68%
The Knowledge We Gained… Since our highest returns were from bank stocks, we learned that you cannot only rely on the media. You have to go out and research yourself. We learned about the importance of having a diversified portfolio. We learned that it is important that when working as a part of team you need to trust each other. We learned that is important to take risks with stocks such as banks and gold. If we had not taken these risks our team would not have been as successful.
A Special Thanks to… Edward Jones Investments Castle Bank Econ Illinois Northern Illinois University And God “I can do everything through Him who gives me strength.” Philippians 4:13