Buy 10 different publicly traded (not private) stocks (preferably from a mix of the 11 different economic sectors). You have $10,000 to spend, no more, and try to spend as much of it as possible. No fractional shares. First, spend as much of $1000 per stock as you can without going over. Once you’ve bought shares of 10 different companies, if you have some $$ left of the $10,000, then you may exceed the $1000 limit per stock, but you cannot go above the overall portfolio limit of $10,000. Do not use fake prices.
This should be a fun an interesting assignment. you can alternatively use my color coded Excel spreadsheet I created myself which can be found in files and pages, in the supplemental files folder. Just enter your stock symbols, what you paid for them, when you bought them and if they pay any dividends in the green cells. Then, on each update, you update your portfolio performance by entering the current closing prices in the green cells for the current prices; you will post here your portfolio update # 1 which will state:
The % return of overall of your 10-stock portolio at the end of week # 1 .
What was your best stock overall
What was your worst stock performer to-date
List your portfolio holdings and why you chose them.
#1=13 points
#2= 2 points
#3= 2 points
#4= 13 points
30 total points
First update due next week, but I recommend posting prior to that date, but only after you’ve given a few days for your portfolio to change after your purchase date. Have fun spending $10000! You can’t spend a penny more, though! No more than $1000 spent per stock, and no partial shares. Round up or round down the number of shares you buy per stock, keeping within the $1000 limit per company. Have fun!
PRO Tip: If you use the spreadsheet, enter the price per share you bought the stock first, then adjust the # of shares cell last so that the total cost calculation stays under $1000. SPEND AS MUCH OF THE $1000 per company as possible without going over. I will make you resubmit it if you underspend or overspend.