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Project Number: DZT-0804 STOCK MARKET SIMULATION An Interactive Qualifying Project Report: Submitted to the faculty of Worcester Polytechnic Institute In partial fulfillment of the requirements for The Degree of Bachelor of Science By ________________________ ______________________ Karan Arora Mark Brodaski ________________________ ______________________ Ralph Campanelli Edward Chau ________________________ ______________________ Corey Feeley Michal Parzych Approved by Project Advisor: Dalin Tang __________________________ Date: March 6, 2009 i Abstract During this project the group performed a ten-week stock market simulation in which they experimented with different investing strategies to learn how to navigate the stock market. They researched six different investing and trading methods in order to better understand investing. The experience gained from this project will help them become better investors in the future and help them manage their personal finances wisely. ii Acknowledgements We would like to thank Professor Dalin Tang for providing guidance and proofreading the many drafts of this report. In addition, Investopedia deserves thanks for providing the great simulator we used to trade our stocks and manage our portfolios. Mark Brodaski also deserves to be acknowledged for volunteering to compile the report each week and correct formatting errors. iii Table of Contents Abstract ---------------------------------------------------------------------------------------------- ii Acknowledgements -------------------------------------------------------------------------------- iii Table of Contents ---------------------------------------------------------------------------------- iv List of Figures ------------------------------------------------------------------------------------- vii List of Tables ------------------------------------------------------------------------------------- viii Chapter 1: Introduction ---------------------------------------------------------------------------- 1 1.1 Introduction ---------------------------------------------------------------------------- 1 1.2 Goals ------------------------------------------------------------------------------------ 1 1.3 Project Overview ---------------------------------------------------------------------- 2 Chapter 2: Stock Market Overview -------------------------------------------------------------- 4 2.1 The World’s Stock Markets ---------------------------------------------------------- 4 2.2 U.S. Stock Market History ----------------------------------------------------------- 7 2.3 Economic and Political Effects on Stocks ---------------------------------------- 11 Chapter 3: Stock Investing Tools and Information Resources ------------------------------ 15 3.1 Finding Reliable Investing Information and Avoiding Bias ------------------- 15 3.2 Researching Individual Companies/ Important Things to Look for in an Annual Report----------------------------------------------------------------------------- 19 3.3 Researching Mutual Funds and other Investment Vehicles -------------------- 22 3.4 Comparisons of Popular Brokerage Firms --------------------------------------- 25 3.5 Computer Programs and Other Tools for Tracking and Selecting Stocks --- 28 Chapter 4: Investment Comparisons ------------------------------------------------------------ 31 4.1 Savings Accounts/Certificates of Deposit ---------------------------------------- 31 4.2 Bonds ---------------------------------------------------------------------------------- 33 4.3 Individual Stocks -------------------------------------------------------------------- 37 4.4 Mutual Funds ------------------------------------------------------------------------- 38 iv 4.5 Hedge Funds -------------------------------------------------------------------------- 43 4.6 Limited Partnerships ---------------------------------------------------------------- 46 4.7 Real Estate ---------------------------------------------------------------------------- 48 4.8 Small Business ----------------------------------------------------------------------- 49 Chapter 5: Stock Investing Strategies ---------------------------------------------------------- 52 5.1 Long Term versus Short Term Investing ---------------------------------------- 52 5.2 Fundamental vs. Technical Analysis --------------------------------------------- 54 5.3 Diversification ----------------------------------------------------------------------- 57 5.4 Short Selling, Day Trading, Put Options, and Call Options ------------------- 59 5.5 Factoring in Taxes When Considering Investment Strategies ----------------- 60 5.6 Investing in Active and Retirement Accounts ----------------------------------- 62 5.7 Conclusion- Why Invest in Stocks and How Much of an Investor’s Portfolio Should Consist of Stocks? -------------------------------------------------------------- 63 Chapter 6: Portfolio 1 – Fundamental and Technical Analysis ----------------------------- 66 6.1 Companies Selected ----------------------------------------------------------------- 66 6.2 Trading -------------------------------------------------------------------------------- 77 6.3 Analysis ------------------------------------------------------------------------------ 108 Chapter 7: Portfolio 2 – Companies With Historical Strong Market Performance ----- 117 7.1 Companies Selected ---------------------------------------------------------------- 117 7.2 Trading ------------------------------------------------------------------------------- 125 7.3 Analysis ------------------------------------------------------------------------------ 145 Chapter 8: Portfolio 3 - Energy and Banking Sector ---------------------------------------- 150 8.1 Companies Selected ---------------------------------------------------------------- 150 8.2 Trading ------------------------------------------------------------------------------- 157 8.3 Analysis ------------------------------------------------------------------------------ 176 v Chapter 9: Portfolio 4 – Long Term Investing ----------------------------------------------- 178 9.1 Companies Selected ---------------------------------------------------------------- 178 9.2 Trading ------------------------------------------------------------------------------- 186 9.3 Analysis ------------------------------------------------------------------------------ 201 Chapter 10: Portfolio 5 – Short Term Investing --------------------------------------------- 214 10.1 Companies Selected -------------------------------------------------------------- 214 10.2 Trading ----------------------------------------------------------------------------- 223 10.3 Analysis ---------------------------------------------------------------------------- 245 Chapter 11: Portfolio 6 – Long Term Investing --------------------------------------------- 248 11.1 Companies Selected -------------------------------------------------------------- 248 11.2 Trading ----------------------------------------------------------------------------- 258 11.3 Analysis ---------------------------------------------------------------------------- 281 Chapter 12: Portfolio Comparisons ----------------------------------------------------------- 284 Chapter 13: Conclusion ------------------------------------------------------------------------- 286 References ---------------------------------------------------------------------------------------- 287 Appendix ------------------------------------------------------------------------------------------ 308 vi List of Figures Figure 6.3.1: SanDisk from Sep 29th to Dec 8th ---------------------------------------------- 110 Figure 6.3.2: Citigroup from Sep 29th to Dec 8th -------------------------------------------- 110 Figure 6.3.3: CZN from Oct 1st to Nov 24th -------------------------------------------------- 111 Figure 6.3.4: EBay from Sep 29th to Dec 8th ------------------------------------------------- 111 Figure 6.3.5: IYT from Oct 6th to Nov 10th --------------------------------------------------- 112 Figure 6.3.6: Pfizer from Oct 6th to Dec 8th -------------------------------------------------- 112 Figure 6.3.7: Proctor and Gamble from Oct 6th to Dec 8th ---------------------------------- 113 Figure 6.3.8: MBT from Nov 14th to Dec 8th ------------------------------------------------- 113 Figure 6.3.9: Wal-Mart from Nov 10th to Dec 8th ------------------------------------------- 115 Figure 6.3.10: DIA from Sep 29th to Dec 8th ------------------------------------------------- 115 Figure 9.3.1 Celgene Corp. from September 29th to December 5th ----------------------- 202 Figure 9.3.2 Biogen Idec Inc from September 29th to December 5th ---------------------- 203 Figure 9.3.3 Colgate-Palmolive Co. from September 29th to December 5th ------------- 204 Figure 9.3.4 Hasbro Inc. from September 29th to December 5th --------------------------- 205 Figure 9.3.5 General Mills from September 29th to December 5th ------------------------ 206 Figure 9.3.6 Johnson & Johnson from September 29th to December 5th ----------------- 207 Figure 9.3.7 Tupperware Brands Corp. from September 29th to December 5th ---------- 208 Figure 9.3.8 Kellogg Co. from September 29th to December 5th -------------------------- 209 Figure 9.3.9 Wal-Mart Stores Inc. from September 29th to December 5th --------------- 210 Figure 9.3.10 Pentair Inc. from September 29th to December 5th ------------------------- 211 Figure 9.3.11 Exxon Mobil Corp. from October 9th to December 5th --------------------- 212 vii List
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