Description
- The first step in this assignment is to sign up for a new account at investopedia.com (Links to an external site.). Please click on Register. Please use your first and last name as your username. After you have Registered please refer to Step 2.
- Click on the following link http://simulator.investopedia.com/Help/TradingStocks.aspx (Links to an external site.) this will help you familiarize yourself with the game (PLEASE DO THIS BEFORE ASKING HOW TO BUY AND SELL STOCKS).
- Please go back to the homepage, and click on the tab Simulator on the top of the page.
- Click on Games. Click on Join Game.
- The game name is BUS110SP2020 (type this in the box where it says Containing Words).
- After joining the game, you can click on Trade to buy or sell stocks.
- Please only purchase stocks that are listed on the NYSE, NASDAQ, or the American Stock Exchange.
- I would advise to not purchase Penny Stocks (those under $5 per share) these are volatile investments and can be deemed to be very risky.
- YOU MUST include a minimum of 10 stocks on your portfolio.
- To get full credit for this assignment you must execute 10 trades (buy or sell).
- If you want to gain more knowledge or are uncertain about how to invest I highly suggest that you click on this link to learn more the fundamentals of investing – http://www.investopedia.com/university/buildingblocks.asp (Links to an external site.)
In a short paper (length is not important as long as you answer the questions), please answer the following questions:
- What prompted you to pick the stocks that are currently in your portfolio?
- What stocks decreased and increased in value? What were some factors that may have caused this?
- In your own words, explain the attributes of a stock transaction (or trade). This is a good article explaining this (https://www.thestreet.com/investing/stocks/how-do-stocks-work-14726850 (Links to an external site.)).
- What did you learn from this assignment? Do you see the benefits of the stock market?
