stock market project?

Question

First, I need to decide which stocks to "invest" in because I "won" 5,000 dollars for this project. I was thinking Comcast, Microsoft, Disney, perhaps Apple too. Tell me what you think please. Also, I need a website that tells you the prices of the stock-- daily!!! PLEASE!!!!!!!!!!!!

Answer 1

Yahoo Finance is a great source for stock prices. As far as investing goes, the stocks you indicate are great for long term investment, you probably want to add Verizon or AT&Tin there as well.

Good luck.

Answer 2

I am assuming that the $5,000 is play money. I participated in a similar competition in college and came in 7th out of 3000 people. I used the following websites:

1. Msnbc.com (business section)
2. Forbes.com
3. CNN.com (money section)

It is also very important that you read the financial section of prominent news papers on a very regular basis before and through outs the competition. All of those stocks that you mentioned are good, but I cannot help you on specific stocks until I know how long the competition will last. The stocks you mentioned are "long term" stocks and may not appreciate a lot during short period of times.

The competition that I entered took place 3 years ago and its duration was 3 months. I traded "Research In Motion" and "Telus" and short sold "Nortel" and several others. I advise you to heavily read up on where the stock market is today and devise an overall plan.

Stay away from that Booya website, it looks like a scam to me. I also noticed that someone is mentioning diversification. If the duration of this competition is less than 6 months then you really SHOULD NOT worry about that. I am assuming that this is "play money" so in order for you to do well in this competition you must assume a lot of risk and choose stocks that have a very high potential of raising in value over a short period of time. Diversification and all of those smart investing techniques do not really apply to play money competitions that are shorter than 6 months. GOOD LUCK!!

Answer 3

I think the best way to get started in the stock market is to first see what the best traders are buying and selling and why. This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 4

With the stocks you've chosen, I noticed that a lot of them are in the technology sector, so your portfolio is not very diversified with respect to industry. For stock quotes try yahoo finance, if you can access the Wall Street Journal on line (try your library), Forbes, CNN, The business section of your local newspaper. An interesting idea, since this is a school project, would be to invest in an oil company (Shell, BP) and see how the stock performs relative to gas prices. (As gas prices rise, so do the profit margins for the company and thus potential dividends to stock holders). Good Luck

Answer 5

Books:

The super classic is Reminiscences of a Stock Operator by Edwin Lefèvre, the story of one of the biggest stock traders ever.

A Random Walk Down Wall Street by Burton G. Malkiel is also a classic.

The Millionaire Mind by Thomas Stanley is a huge classic, really amazing.

Don't forget The Cashflow Quadrant and Rich Dad Poor Dad by Robert Kiyosaki

Technical Analysis of Stocks and Commodities, from Martin Pring, is the best for technical stuff.

You can learn a lot by reading interviews of successful investors in Jack Schwager's books (Market Wizards I & II and others).

Jack Bernstein's The Investor Quotient is very, very good.


Web:

See http://www.equis.com/customer/resources/...
for technical analysis formulas.

See http://www.investopedia.com/, an online encyclopedia - very good.

See also http://invest-faq.com/

See http://www.prophet.net for online charts

See http://finance.yahoo.com/ - the best info

But the best website is: http://www.thekirkreport.com

Answer 6

I'm assuming this is play money. I'd pick more volatile stocks. Ones that could go up a lot. (Or down, it's play money right?)
Check out the penny stocks and put some of your stash there.
Anything with "pk" after it's symbol. They're traded on the pink sheets. Have fun!

Answer 7

Just use Yahoo Portfolio. I suggest the buying a index eft like the SPY or some large cap etf and then add some small caps like CWCO or BWLD. An index for the core holding and small caps for added risk and return.

Answer 8

congratulation! my recommendation is to visit http://ibooyah.com for stock analysis and other investment matters. There is a nice write up on the companies you mentioned and it is free. Good luck!

Answer 9

Check out my site you'll find stock that more than likely earn you alot of money for your project. i used many of the sites for my college stock market project, and earned 15% return on money, so check my site out.
http://thestockmarket99.blogspot.com
http://thestockmarket99.blogspot.com

Answer 10

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