Monday, December 1, 2008

My new media portfolio -- before and after!

OMG, I lost quite a lot of money - 45% to be exact. I have only $5,523 left.

Look back at my picks (red text is the current status):

(with confidence???)
Amazon: 50 shares x $72.41 (now $41.51) = $3,621 (now $2,075)
Down 40%

(with trust and some excitement. Well...)
Google: 9 shares x $447.44 (now $270.3) = $4,027 (now $2,432)
Down 42%

(based on perceived potential), perception is just perception
Baidu: 8 shares x $267.7 (now $114.72) = $2,142 (now $917.76)
Down 59%

(with curiosity only), which is quite expensive
NYTimes: 14 shares x $14.72 (now $7.13)= $206 (now $99.8)
Down 52%

Total: $9996 ($5,523)

I guess we are all happy this is just an exercise. And the lesson is: Don't trust anyone, including your professor.

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