Investment Project 1 Update
Well, after 2 weeks since the start of my investment project on September 16, 2007 I have made a return of approximately 9.87% in the stock market. This return is what I have made in only two weeks and when compared to the annual rate of a CD account at Bank of America of 5.10% APY. When Bank of America’s rate is converted to a two week timeframe, you only earn a 0.00196% return on your investment.
If you recall, I “supposedly” invested $999.45 dollars into the stock market and my market value of those assets are now $1,098.14. I made nearly $100 return on a short-term two week investment. I believe with stocks I invested in for this short-term project, it will peak at a 16% return, meaning I will not see substantial increases in the stock prices till the coming few months closer to the holiday season for some of my stocks. So I will continue to leave my stocks in and monitor on a weekly basis.


