Background
Before undertaking the Investopedia simulation, my investment knowledge and in particular my stock market knowledge was limited. Throughout high school I gained preliminary understanding of the purpose of investing and as I received my first paycheques my family encouraged me to save to buy Canada Savings Bonds when they became available. Additionally, this past summer I became familiar with my RESP account as I gained access to put towards funding my education. The stock market was an entirely new concept with new terminology, strategy and monitoring requirements. Although, through my accounting course in high school I was introduced to the Toronto Stock Exchange (TSX), and understood earnings per share and the ability to purchase and …show more content…
Our team agreed that the Growth at A Reasonable Price Strategy appeared to be the most valuable strategy, based on the combination of growth and value investing. We had a common approach in mind, but based on our limited knowledge allowed each member to proceed with the investments of their choice. We further divided up the sectors so each member would gain focused knowledge in one particular sector while observing the others. My investments were in the Technology sector. The unfamiliar territory required research to be able to identify what constituted as a technological stock: stocks of businesses relating to the research, development, or products or services related to information technology. From there my personal investment strategy was uncertain, but attempting to remove the ambiguity of the situation I chose to invest in two common stocks I was familiar with and considered value stocks, Google and Netflix. Previous to the purchase, I observed that both stocks had seen positive activity over the year, featured in Exhibit A-1 and A-2. This would be my basis for the stock
Before undertaking the Investopedia simulation, my investment knowledge and in particular my stock market knowledge was limited. Throughout high school I gained preliminary understanding of the purpose of investing and as I received my first paycheques my family encouraged me to save to buy Canada Savings Bonds when they became available. Additionally, this past summer I became familiar with my RESP account as I gained access to put towards funding my education. The stock market was an entirely new concept with new terminology, strategy and monitoring requirements. Although, through my accounting course in high school I was introduced to the Toronto Stock Exchange (TSX), and understood earnings per share and the ability to purchase and …show more content…
Our team agreed that the Growth at A Reasonable Price Strategy appeared to be the most valuable strategy, based on the combination of growth and value investing. We had a common approach in mind, but based on our limited knowledge allowed each member to proceed with the investments of their choice. We further divided up the sectors so each member would gain focused knowledge in one particular sector while observing the others. My investments were in the Technology sector. The unfamiliar territory required research to be able to identify what constituted as a technological stock: stocks of businesses relating to the research, development, or products or services related to information technology. From there my personal investment strategy was uncertain, but attempting to remove the ambiguity of the situation I chose to invest in two common stocks I was familiar with and considered value stocks, Google and Netflix. Previous to the purchase, I observed that both stocks had seen positive activity over the year, featured in Exhibit A-1 and A-2. This would be my basis for the stock