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Individual Investopedia Assignment

Prepared by Thomas Kwon (619-6720) COMM 103 Section C – G. Libitz Account: thomas.kwon@queensu.ca Password: ilovegod

Executive Summary I entered the simulation with some knowledge regarding the markets, but not adequate enough to execute complicated strategies, especially the ones that involves the use of options. My previous experience in the financial securities market involved participating in a private stock competition over the summer, and Queen’s Commerce Trading Competition., and the knowledge from these experience definitely helped me with my investment decisions. I started off the simulation by investing in broad market exchange-traded funds for my USD fund. Specifically, I bet against the financial institutions, energy companies, and the market as a whole by going long on bear funds and short on bull funds. This turned out to be a mistake, as my negative sentiment about the market did not come to fruition during the simulation. For my CAD portfolio, I went long on commodities, while shorting RIM, which I believed was in a weak position. Although I did gain from my position on commodities, I suffered from my position from RIM because it went up in value contrary to my expectations. I adjusted my USD portfolio by making it bullish after the announcement of Quantitative Easing II. When this turned out to be a fruitless attempt due to negative returns, I started trading options on Silver Wheaton Corp., which brought my USD portfolio to the top of the rankings. For my CAD portfolio, I simply closed my positions on some stocks to minimize losses, and invested into a gold company recommended by a speaker at Queen’s University Investment Counsel’s speaker event. Through this simulation, I learned about risk and rewards of trading options, and how to adequately respond to macro factors, such as Quantitative Easing II that affect the market as a whole.

Background COMM 103 Investopedia Simulation was a great learning...

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