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Importance of quality in project management
Importance of quality in project management
Importance of quality in project management
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Quality Project Reflection For my quality project, I decided to buy and sell stocks to better understand the inner workings of the stock market. By completing extensive research --reading books such as Buffett: The Making of An American Capitalist and watching films such as The Big Short-- I was able to not only gain a better understanding of the stock market, but to also experience it first-hand. To document my work, I created a stock portfolio to analyze each of my stock choices. Through this entire process, I gained a lot of valuable insights. However, looking back, I have realized that I could have made some beneficial changes to my project. The first part that I would change is to be less precarious and more rational when making transactions. I suffered a minor monetary loss because of a simple transaction mistake that I could have easily avoided by doing some basic research. In another case, I made a hasty decision to sell a stock that was suffering a few minor setbacks. Instead of completing the necessary research to determine the true reason for the position’s decline, I let my instincts overrule my rational reasoning. As a result, I sold a stock right …show more content…
One insight I gained was about how to determine my selection of stocks. Research and personal prediction is of course necessary to reliably predict which stock is the coveted golden stock. However, at the end of the day, it is up to the trader to decide whether or not he or she wants to make the transaction. Many times the deciding factor is not price, potential growth, or any other incentive, but rather interest in the company itself. Warren Buffet describes this in the quote, “Invest in as much of yourself as you can, you are your own asset by far.” Investing in what one knows best not only helps the investor’s interpretation of a company, it makes following a company and its stock much more
You would not buy a home, car or other large purchases without researching what product offered you the most for your money. The same is true when investing in a company. Investors do avid research on multiple companies to find what company matches the investors' criteria. In this paper Team C will research both AT&T and Verizon's financial documents. Team C will compare selected ratios, cash flow and make recommendations how both companies can manage cash flow for the future.
This case discusses the unique value proposition of Dimensional Fund Advisors (DFA), which used academic research to create specialized portfolios focused on Small Capitalization companies. Their investment philosophy particularly focused on research by Fama and French and Banz. They researched how small cap companies tend to outperform large cap companies over time. In addition, FDA created an additional competitive advantage by created trading efficiencies to reduce transaction cost.
In order to make the most logical and beneficial purchases, it was first important that I fully understood the terminology used within the stock market. Words such as blue chip stock, mutual fund, stock splits, and ticker symbol would all prove incredibly important for me to understand if I was to do well within the game. For example, the first stock I bought, Disney, taught me the definition of a ticker symbol - in Disney’s case, DIS. This enabled me to quickly identify other stocks by their ticker symbols as well, and I soon became familiar with the term. In addition, when I bought Coca-Cola, I soon learned its financial importance as a reliable blue-chip stock, as it and other stocks like it proved profitable for me. My class was also required to buy a mutual fund, and in doing so I learned how exactly a mutual fund differs from a stock, the positives and negatives of buying one, et cetera. In addition, my knowledge of the history that places like the NYSE contains proved incredibly important towards my success within the game. Because I learned about the NYSE’s foundation and the many people who worked to make it what it is today, I was able to fully appreciate the importance of the stock market as I moved through the simulation. This, in turn, helped me take the Stock Market Game seriously and not waste any of my money on stocks that I considered
“They believe that the stock price and dividend will rise over the long haul, resulting in huge gains over a long period of time.” (Money Crashers 2) This shows that stock investors believe that the stock will rise and result in large gains of
My topic for senior project is to train for a heptathlon which is a multi-event competition that requires a demanding amount of physical and mental skills. This topic is important to me because as an athlete who could possibly compete at a collegiate level I would like to challenge myself by completing the ultimate women's athletic challenge. Learning about this topic will benefit me in the future because it can help me develop vital skills needed to perform task throughout my senior year, and college. With the Heptathlon being a multi-event competition you would have to deal with stress, time management, and go through a rigorous amount of mental preparation. With Senior Project being a multi-step project I would also need to deal with stress,
Other mutual fund investors also followed them believing that the market activity indicated that these companies had a good future ahead.
Simply buying stocks based on past performance. However, many investment advisors don’t recommend this strategy due to one reason. Many people buy high-performing companies simply because they are doing well, and don’t even know why. For example, during 1997 and 2000, Nokia’s stock value skyrocketed; however, it was bound to go down because they lacked the capital and the infrastructures by Samsung and Apple to keep up their value. And this is the
There is a sense of complexity today that has led many to believe the individual investor has little chance of competing with professional brokers and investment firms. However, Malkiel states this is a major misconception as he explains in his book “A Random Walk Down Wall Street”. What does a random walk mean? The random walk means in terms of the stock market that, “short term changes in stock prices cannot be predicted”. So how does a rational investor determine which stocks to purchase to maximize returns? Chapter 1 begins by defining and determining the difference in investing and speculating. Investing defined by Malkiel is the method of “purchasing assets to gain profit in the form of reasonably predictable income or appreciation over the long term”. Speculating in a sense is predicting, but without sufficient data to support any kind of conclusion. What is investing? Investing in its simplest form is the expectation to receive greater value in the future than you have today by saving income rather than spending. For example a savings account will earn a particular interest rate as will a corporate bond. Investment returns therefore depend on the allocation of funds and future events. Traditionally there have been two approaches used by the investment community to determine asset valuation: “the firm-foundation theory” and the “castle in the air theory”. The firm foundation theory argues that each investment instrument has something called intrinsic value, which can be determined analyzing securities present conditions and future growth. The basis of this theory is to buy securities when they are temporarily undervalued and sell them when they are temporarily overvalued in comparison to there intrinsic value One of the main variables used in this theory is dividend income. A stocks intrinsic value is said to be “equal to the present value of all its future dividends”. This is done using a method called discounting. Another variable to consider is the growth rate of the dividends. The greater the growth rate the more valuable the stock. However it is difficult to determine how long growth rates will last. Other factors are risk and interest rates, which will be discussed later. Warren Buffet, the great investor of our time, used this technique in making his fortune.
By observing and learning from them, I managed to pick up tips and learned different types of skills, from learning to communicate and deal with other companies, to reading and deciphering many different types of plans.
Stock Market Buying Strategies Investing in stocks is one of the fastest ways to grow a person’s personal wealth. When buying stock, there are multiple strategies that investors utilize; however, there are only few methods that can contribute to long-term investing. Some strategies are better than others, but having a strategy is better than having none. Buying stock takes time if you’re really wanting to boost your investments, and you have to do a profusive amount of research on the stocks you’re wanting to put your money towards.
As a result, investors purchase stocks after prices have increased expecting the rise in price to continue and they ignore stocks when their prices are below their fundamental values. In actual practice, investors should have a clearly defined set of analytical procedure that they test and retest in order to clarify and upgrade the stocks over the long run. Regret or loss aversion: Regret
... stock fluctuations. If a financial advisor cannot be afforded, it would have been in the best interest of the investor to read more on the stock market news regarding what stocks were predicted to have a profitable growth. The investor could have stayed with energy and renewables, just cold have chosen different corporations then the ones chosen.
Hundreds of men in black suits scurry across the floor, with ties strapped tight against their necks. The sound of a bell begins to echo, bouncing off of every panel in the vicinity. It seems as though the men hastened their strides in response. Wall Street is always booming with activity and enticing anticipation. Although I have never gotten the chance to take part in the action, I have been doing some of my own investing over the years: the investment in my future. Much like the commotion of investments happening on Wall Street, I invest the factors of time, money and effort towards my future. To effectively invest in my future, I have to start at the root of it all, and invest in myself.
Assignment #1: Give the background of your project. What gave you the idea in the first place? What is your prior knowledge and experience with your project topic and goal? What is the story behind your project? 
The chapter of discussion was composed of five parts: introduction, reflection on the project, reflection on implications of the project, reflection of the MA experience, and summary.