The other day I shared with you all about my desire to see if Investing in Israel really pays. As you remember, I set up a couple of simulated investments in Israeli companies. I am going to track these pretend investments for at least the next three months and I’ll share with you the ups and downs along the way.
Yesterday, my orders to buy went through and the games began. I have two games running. One game (Invest in Israel) is tracking an $1000 investment divided about equally among eight stocks. In the other game, I have invested almost $1000 in the First Israel Fund (First Israel Fund Game) which is a “non-diversified, closed-end management investment company that seeks long-term capital appreciation by investing primarily in Israeli securities.”
Yo, John, what happened?!
In the Invest in Israel game, I made $7.62 - an increase of 0.79%. The big winner for the day was Aladdin Knowledge System (ALDN) with a 4.38% gain. I made $5 on just that stock alone. The loser for the day was Magal Security Systems which was down 1.81%.
In the First Israel Fund Game, I bought 58 shares at $17.00 of the First Israel Fund. At the end of trading, this share price was down to $16.95 or 0.29%. I had a loss for the day of $2.90.
Check back at the end of the week for the next Invest in Israel update!
2 responses so far ↓
Shirat HaSirena // Oct 24, 2006 at 9:40 am
How fun! We had to do something similar to this in my grad school program. We were given a hypothetical $1,000,000 to buy and sell currencies every week. I based my purchases on how funny the names were (I swear I did) and at the end of the course, I was hypothetically up by several hundred thousand dollars!!
RR // Oct 25, 2006 at 4:45 pm
This IS fun, can’t wait to see how much moolah you “make.”
BTW, I thought of you today when Martha Stewart mentioned Mod Podge on her show
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