thursday, december 01, 2005
Money and other dirty things
A year or so ago in Economics class, my partner and I invested an imaginary $81,000 in the stock market. How is our money doing?
The $16,000 divided among Gap, Hershey, and Nike stayed about the same. We chose them because they seemed solid, but I guess they didn’t have much room for growth. Starbucks went down 40% and Red Robin (a burger chain) went up 10% for a combined loss of $2,400 on an $18,600 investment. So, investing in Starbucks was dumb, but Red Robin did fine — the only non-globalized corporation in the bunch.
But of course, I put most of our money in Google and Apple. They’re important companies and I liked them despite their evil tendencies (this is the stock market, after all). The $37,000 I invested in Google grew to $82,800. That was a lot of money in a single company, but it doubled. The $9,700 I put into Apple made a profit of $4,700.
I could be paying for most of college with the $50,500 total profit — a 40% return.
comments (1)
Then I hope you get rich, and use your class experiment for real!
– Malcolm on 12/2/2005 09:13:00
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