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Finance & Accounting
Pages 4 (1004 words)
Investment Project Name COURSE SCHOOL PROFESSOR DATE Introduction The purpose of this project was to simulate stock market investment trading and facilitate decisions with a comfortable budget and enough time during a term to be flexible. The Wall Street Journal MarketWatch site offered just such a simulation portfolio and online gaming…
Secondly, I included the highly successful oil and gas exploration and production company, Denver-based Cimarex, for owning no less than 68% of national proven reserves and the lion’s share of 80% of production. All these were bought up or acquired in the Mid-Continent region, the Permian Basin, and just offshore: Oklahoma, the Texas Panhandle, west Texas, southwest Kansas, southeast New Mexico, and the Gulf Coast area offshore of southeast Texas. Next, I opted for diversification by including the Exchange Traded Fund of the Standard and Poor’s S&P 500 Index (ticker symbol: SPDR S&P 500 ETF Trust and the technology-oriented offshoot, XLK = Technology SPDR ETF. This is consistent with the passive and defensive stance of an investor who lacks the time to do more investment research and is therefore content to earn returns at par with indexes like the Dow Jones Industrials 30 or the S & P 500. Such reliance on market sentiment is not always rational since the market mavens of the NYSE and NASDAQ kept pushing market value higher absent fundamental value since 2008-2012. Individual stars like Apple and Monarch did very well indeed but macroeconomic fundamentals were sluggish. Performance During the gaming period in question, Apple and eBay did in fact record the best capital gains of 1.6% and 1.3%, respectively. Apple was once again on a roll this week. ...
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