This course will be an opportunity for students to learn about the financial industry, particularly Wall Street and the Stock Market, as well as other financial fields. Through real-world simulations and hands on exercises, students will delve into the stock market and explore its various tenets. Participation in industry analysis, creating their own portfolio, and simulating trading sessions would be the crux of the Winterim. Students will develop a formal presentation that explains their reasons for investment selections, including a detailed financial analysis of at least one Fortune 500 Company. The Winterim will also include a trip to NYC and a possible tour of the trading floor. Experts from the financial/business industry will also be providing lectures and discussions. We will spend a few days discussing what it takes to open up and run a small business from scratch. Participants will be exposed to the small business world within Litchfield County and learn the basics of being a small business owner.
Welcome to Wall Street
Wall Street and the Business World Winterim - 2018
Monday, February 26th - Introduction to stock trading and the particulars of Wall Street and its role in the global economy. Students will begin to set up their own portfolios and establish their criteria for evaluating stocks.
Tuesday, February 27th - Students will be introduced to business and trading terminology and definitions. Students will be able to discover and understand how to research a stock and its various facets. Students will fully set up their portfolios and be able to explain why they chose particular stocks.
Wednesday, February 28th - Students will choose one stock to be an analyst on. Students will conduct an in-depth analysis of this stock and be able to “sell” it to their classmates. Students will engage in research and analysis skills that were previously introduced.
Thursday, March 1st - Traveling to Manhattan to have a walking tour of Wall Street as well as a visit to the Museum of American Finance. We will leave Forman at 8:30 am and return at approx. 5:30pm.
Friday, March 2nd - Debrief of experiences during trip to Manhattan. Continuation of work with portfolios and analysis of student’s chosen stock. Overview of the “week” on Wall Street and examination of winners and losers.
Saturday, March 3rd - Presentation of student’s chosen stock to their classmates. Students will also evaluate their portfolios that were created earlier in the week and analyze their success/challenges.
Monday, March 5th - Start of the small business/entrepreneurship week. Students will learn the particulars of starting a small business as well as the creation of a comprehensive business plan. Definitions and broad overview of small businesses will be reviewed.
Tuesday, March 6th - Students will learn how to create a business plan and they will be asked to create a business that is located in their hometown and/or Litchfield County. Students will learn how to analyze location and the different factors that must be analyzed in order to create a comprehensive business plan.
Wednesday, March 7th - Students will continue work on business plan and conduct their own research that is relevant to their own plan. We will examine successful/non-successful business models and evaluate their outcomes. Additionally, we will travel to Pez Factory and Distribution Center in Orange, CT. We will depart campus at 10am and return at approximately 3pm.
Thursday, March 8th - Trip to Tenement Museum in lower Manhattan. Students will depart campus at 9am and return at approximately 6pm.
Friday, March 9th - Trip to Fascia’s Chocolate Store in Waterbury, CT. Students will depart at 10am and return at approximately 2pm.
Saturday, March 10th - Review and summarize information from the three trips as well as delve into and evaluate the portfolios that students created earlier in the week.
I invested into some well known companies that I know of and bought and sold quite smart throughout the day. My best companies of this day were Delta Airline, Qualcomm, and General Mills. I bought General Mills around 1:00pm because it was down almost 5%, it closed significantly higher for the day, and thus I was able to make a profit. In the beginning of the day I bought a lot of Netflix but I sold most of it because it wasn’t doing so hot. Looking back on it, I think Netflix started off quite strong for the day, but then the profit takers came in and took their winnings. Netflix did poorly later in the trading day, and I decided to get rid of the stock. I looked at the newspaper Mr. Burkhart showed us (Investors Business Daily) and I decided that I had to have my money in 3 of the companies that the newspaper suggested would be excellent for this week. Those have gained me so far 2.1% for the day, but unfortunately, I didn’t put that much money into them. I have been buying high and selling as soon as I see them fall lower than I would like. I tried to sell short but I don’t understand how that all works so I believe I'm gonna lose my $600. That is chump change to me, as Mr. Burkhart gave us a fictional portfolio of $1 million. Moving forward, I think it will definitely help me if I continue to do solid research early in the day and then not continually buy and sell so frequently. - Matt Crockett
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