Tuesday, August 30, 2011
Some Headlines for 08/30/2011
[video] After Bruising August, Brace for September [3.3 min]at MarketWatch (Tue, Aug 30)
Market Snapshot: U.S. stocks score mild win for third straight riseat MarketWatch (Tue, Aug 30)
Wall Street gains as Fed minutes boost stimulus betsReuters (Tue, Aug 30)
U.S. Equities Will Outperform Global Peers: Bespoke’s HickeyBreakout (Tue, Aug 30)
The Dow 30
Here is a link to the 30 companies that make up the Dow Jones Industrial Average. During this phase of the mtbinvestor experiment, we will be limited to investing in these companies, per the rules.
Today's date is 08/30/2011
Today's date is 08/30/2011
| Symbol | Name | Last Trade | Change | Volume |
|---|---|---|---|---|
| AA | Alcoa Inc. Common Stock | 12.36 |  0.06 (0.48%) | 23,907,016 |
| AXP | American Express Company Common | 48.66 |  0.11 (0.23%) | 7,460,397 |
| BA | Boeing Company (The) Common Sto | 66.03 | 1.43 (2.21%) | 6,984,939 |
| BAC | Bank of America Corporation Com | 8.12 | 0.27 (3.22%) | 297,220,344 |
| CAT | Caterpillar, Inc. Common Stock | 89.83 | 1.68 (1.91%) | 9,856,909 |
| CSCO | Cisco Systems, Inc. | 15.63 | 0.11 (0.70%) | 51,036,757 |
| CVX | Chevron Corporation Common Stoc | 98.40 | 0.34 (0.34%) | 9,202,440 |
| DD | E.I. du Pont de Nemours and Com | 48.22 | 0.72 (1.52%) | 8,498,527 |
| DIS | Walt Disney Company (The) Commo | 33.58 | 0.42 (1.27%) | 14,060,037 |
| GE | General Electric Company Common | 16.12 | 0.08 (0.50%) | 48,565,087 |
| HD | Home Depot, Inc. (The) Common S | 33.57 | 0.17 (0.50%) | 16,123,358 |
| HPQ | Hewlett-Packard Company Common | 26.05 | 0.07 (0.27%) | 23,413,098 |
| IBM | International Business Machines | 172.51 | 0.11 (0.06%) | 4,478,665 |
| INTC | Intel Corporation | 20.24 | 0.06 (0.27%) | 39,102,044 |
| JNJ | Johnson & Johnson Common Stock | 65.77 | 0.09 (0.14%) | 11,182,942 |
| JPM | JP Morgan Chase & Co. Common St | 37.06 | 0.58 (1.54%) | 28,826,266 |
| KFT | Kraft Foods Inc. Common Stock | 34.71 | 0.14 (0.40%) | 8,939,083 |
| KO | Coca-Cola Company (The) Common | 69.86 | 0.13 (0.19%) | 15,840,693 |
| MCD | McDonald's Corporation Common S | 90.78 | 0.60 (0.67%) | 6,311,784 |
| MMM | 3M Company Common Stock | 82.07 | 0.03 (0.04%) | 3,734,193 |
| MRK | Merck & Company, Inc. Common St | 32.70 | 0.24 (0.72%) | 12,799,634 |
| MSFT | Microsoft Corporation | 26.23 | 0.39 (1.51%) | 57,341,367 |
| PFE | Pfizer, Inc. Common Stock | 18.88 | 0.00 (0.00%) | 44,134,708 |
| PG | Procter & Gamble Company (The) | 63.50 | 0.41 (0.65%) | 9,182,105 |
| T | AT&T Inc. | 29.62 | 0.36 (1.23%) | 22,641,717 |
| TRV | The Travelers Companies, Inc. C | 50.21 | 0.54 (1.06%) | 4,167,907 |
| UTX | United Technologies Corporation | 73.76 | 0.11 (0.15%) | 5,516,470 |
| VZ | Verizon Communications Inc. Com | 36.31 | 0.17 (0.47%) | 13,111,081 |
| WMT | Wal-Mart Stores, Inc. Common St | 52.82 | 0.37 (0.70%) | 13,484,133 |
| XOM | Exxon Mobil Corporation Common | 73.91 | 0.21 (0.28%) | 22,440,397 |
Background Information
In the mid-1980's a software company called Blue Chip Software published a line of financial simulation games written by one Jim Zuber. The names of these games were Millionaire, Tycoon, Baron, and Squire. The game's original covers looked like leather portfolios (see here) and advertisements that ran in computing magazines read along the lines of "The Henderson Family made $500,000 in the stock market, then lost $1 million in real estate". Catchy.
Anyway, the point of each of the games was to take a small amount of money and relay it into $1 million. Millionaire was the stock market game, Tycoon was commodities trading, Baron was real estate investing, and Squire included everything from the first three games, plus IRAs and such.
The purpose of this blog is to record an attempt to replicate the goal of the games: to begin with $10,000 and turn it into $1 million in the space of a year (unfortunately, we will not be using real money, not having the necessary $10 grand available). We will begin the experiment focusing on the theme of the first game, Millionaire, which is a stock market simulation. Rules of the blog are found in the menu to the right.
Anyway, the point of each of the games was to take a small amount of money and relay it into $1 million. Millionaire was the stock market game, Tycoon was commodities trading, Baron was real estate investing, and Squire included everything from the first three games, plus IRAs and such.
The purpose of this blog is to record an attempt to replicate the goal of the games: to begin with $10,000 and turn it into $1 million in the space of a year (unfortunately, we will not be using real money, not having the necessary $10 grand available). We will begin the experiment focusing on the theme of the first game, Millionaire, which is a stock market simulation. Rules of the blog are found in the menu to the right.
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