Midstate stock report: CPBJ fantasy stock portfolio
In the spirit of experimentation and a little fun, staff reporters Jason Scott and Michael Sadowski have created a fantasy fund of seven local stocks from the Business Journal's June public companies list.
We "bought" 1,000 shares of each at the closing bell on the first day of trading last month. Jason picked three of the nonfinancial companies, Mike chose three banks, and we randomly selected a seventh stock to round out our portfolio.
During 2014, we will track our fantasy investments and report our returns or losses as we update information on all of the public companies from the list. We might even add to the "CPBJ Performance Fund" portfolio based on a desire to expand this project to include other public companies with ties to Central Pennsylvania.
Investment returns also could help spur that along.
Our initial investment in these stocks "cost" $229,980. That number does not include any broker fees.
Check back for an update in our Jan. 31 edition. From there, we will report back at the end of each quarter this calendar year. Updates will occur at the end of March, June, September and December.