All estimates are after playing the game.
Approximate dollar amount for each asset:
-Savings: 11k
-Certificate of deposit: 50-100k
-Index fund: 100k
-Individual stocks: 0
-Government bonds: 0
-Commodity crops: 0
-Gold: 250k
Approximate percentage for each asset:
-Savings: (can't remember)
-Certificate of deposit: (can't remember)
-Index fund: 41%
-Stocks: 0%
-Government bonds: 0%
-Commodity crops: 0%
-Gold: 65%
3. I didn't finish the game with a very diversified portfolio. I tried that method and ended up losing more money, so I stopped spending on certain things until I was making steady money on 1-3 things.
4. I wanted to experiment my original method of just buying everything and hoping for the best, but I kept losing a lot of money and wasn't making anything to consistent except for the Index Fund. It slowly went from avoiding stocks, to selling all of my Index Fund and continuing to buy Gold because I was earning more from it. I used a fraction of it on Certificate of Deposits to make a guaranteed percentage and then put that back into Gold.
5. I was very nervous throughout the beginning and middle until I saw a method that really started working in the end.
6. The computer usually just buys Index Funds, I think. It's usually more successful because it relying on Index Funds and whatever else it buys. Most students don't have any methods, they're just seeing whatever works and don't have a plan in mind.
7. If he's doing really well in stocks or whatever, I'd watch what he's getting right and wrong and try to emulate it if it seems profitable. However in my experience outside of this hypothetical question, stocks are the worst investment.
8. I would try my similar strategy of buying Crops or Gold, Index Funds, and Cerificates of Deposits and hope it works again.
9. Retirement is a long-term investment, so any money you put in a plan for it, let's say a 401k for example (this could be wrong), you won't be taxed by the time you're done working because you'll have paid the tax for your plan in the beginning. So basically the consequence is losing money.
10. I think there is a higher chance that you'll haver a lower return than someone who is only going for consistently rising options. If you have more money invested in something that seems rising for a while, the more money you'll make over waiting on multiple things with less money (possibly).
Approximate dollar amount for each asset:
-Savings: 11k
-Certificate of deposit: 50-100k
-Index fund: 100k
-Individual stocks: 0
-Government bonds: 0
-Commodity crops: 0
-Gold: 250k
Approximate percentage for each asset:
-Savings: (can't remember)
-Certificate of deposit: (can't remember)
-Index fund: 41%
-Stocks: 0%
-Government bonds: 0%
-Commodity crops: 0%
-Gold: 65%
3. I didn't finish the game with a very diversified portfolio. I tried that method and ended up losing more money, so I stopped spending on certain things until I was making steady money on 1-3 things.
4. I wanted to experiment my original method of just buying everything and hoping for the best, but I kept losing a lot of money and wasn't making anything to consistent except for the Index Fund. It slowly went from avoiding stocks, to selling all of my Index Fund and continuing to buy Gold because I was earning more from it. I used a fraction of it on Certificate of Deposits to make a guaranteed percentage and then put that back into Gold.
5. I was very nervous throughout the beginning and middle until I saw a method that really started working in the end.
6. The computer usually just buys Index Funds, I think. It's usually more successful because it relying on Index Funds and whatever else it buys. Most students don't have any methods, they're just seeing whatever works and don't have a plan in mind.
7. If he's doing really well in stocks or whatever, I'd watch what he's getting right and wrong and try to emulate it if it seems profitable. However in my experience outside of this hypothetical question, stocks are the worst investment.
8. I would try my similar strategy of buying Crops or Gold, Index Funds, and Cerificates of Deposits and hope it works again.
9. Retirement is a long-term investment, so any money you put in a plan for it, let's say a 401k for example (this could be wrong), you won't be taxed by the time you're done working because you'll have paid the tax for your plan in the beginning. So basically the consequence is losing money.
10. I think there is a higher chance that you'll haver a lower return than someone who is only going for consistently rising options. If you have more money invested in something that seems rising for a while, the more money you'll make over waiting on multiple things with less money (possibly).