stocktrak investment game investment simulation lecture # 1 jan h. jansen e-mail: [email protected]...
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Stocktrak Investment Game
Investment Simulation
Lecture # 1
Jan H. Jansen
E-mail: [email protected]
Think global,
act local!
Stocktrak Investmentgame
Welcome!
You are now a millionaire!
US $ 1,000,000
Rules of the game Assignments
1. 1 or 2 companies on NYSE / NASDAQ (during the game)2. € / $ exposure 3. Raw material price exposure4. Investment in cash equivalents5. Derivatives
Assessment / Evaluation:– Executive report on the stocktrak game– Presentation & Oral defence
Duration: One semester Weekly Lecture
– Scheduled: mr J. Jansen Weekly Consulting Hour
– Scheduled: mr M. Herkes References
– www.stocktrak.com
Introduction to the game
Executive report– Investment strategy
– Performance
– Reflection (what you have learned!)
Presentation & Oral defence
Evaluation / Assessment
Investment Game & Macroeconomics
Week Topic
1 Introduction
Annual Report KPN (1)
2 Shares
Annual Report KPN (2)
3 Bonds
Annual Report KPN (3)
4 Exchange rates
Annual Report KPN (4)
5 Derivatives: Futures
Annual Report KPN (5)
6 Derivatives: Options
Annual Report benchmarking
? Oral exam
Stocktrak Investment game
Investment strategies
Gambling Speculation (short term: 'BLSH') Investment (long term)
Quotes
‘Buy low, sell high’
‘Take your losses and let your profits run’
' I knew better than the market‘ (John Maynard
Keynes)
' In the long run we are all dead’ (John Maynard
Keynes)
'The market is always right' (Milton Friedman)
'There is no such thing as a free lunch'(Milton
Friedman
Stocktrak Investment Game
Exchanges:– NYSE
– NASDAQ
– AMEX
– NYFE
– Others
Stocktrak Investment Game
Types of stocks– Shares– Bonds– US Treasury Bonds– Corporate Bonds– Options on shares– Options on currencies– Foreign Currency Futures– Commodity Futures– Index options– Index futures
Stocktrak Investment Game Short position
– Sell to open– Buy to close
Long position– Buy to open– Sell to close
Ticker symbols Margin requirements & Commission Trading hours: 16.00 hours NY (22.00 hours CET) Stock trade: multiples of 25 shares or $ 500 (mutual fund)
Stocktrak Investment Game
Calculation of your equity
+ Cash
- Debit balance (= Loan balance)
+ Credit balance (= Short sales proceeds)
+ Market value long positions
- Market value short positions
Exchange Codes
North American Exchanges
NYS New York Stock Exchange
NAS Nasdaq Stock Exchange
ASE American Stock Exchange
NF3 Nasdaq Mutual Funds
CEC New York Board of Trade
NYM New York Mercantile Exchange
CME Chicago Mercantile Exchange
CBT Chicago Board of Trade
OPA Options Reporting Authority
VSE Toronto Ventures Exchange
TOR Toronto Stock Exchange
MEE Montreal Stock Exchange
Exchane Codes
European & Asian Exchanges
PSE Euronext Paris
ASX Euronext Amsterdam
BRU Euronext Brussels
LIS Euronext Lisbon
LIF Euronext LIFFE
LME London Metals Exchange
ISE London Stock Exchange
MSX Spanish Stock Exchange (Equities)
ZRH Zurich Stock Exchange
FSE Frankfurt Stock Exchange
ETR Xetra
AUS Australian Stock Exchange
Teams
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