BUS-334 Investment Management (Huffman)
Tentative Schedule for Spring 2011
RN
indicates the material is from the Reilly/Norton text
RB
indicates that the material is from the Reilly/Brown text
S
indicates that the material is from the Robert Strong text
What is the average return on an
investment that increases by 100%, then falls by 50%?
If everyone beats the market, why is indexing becoming
more and more popular?
RN-Chapter 1: The Investment Setting
RN-Chapter 2: Return and Risk Basics
Class #1 02-01 Tuesday
Class #2 02-03 Thursday Assignment 1 due (Market Cap. And CFA vs. CFP)
Secrets
of the Dow: Is IBM Overweight?
RN-Chapter 2: Return and Risk Basics
S-Chapter 13: Market Indexes
Class #3 02-08 Tuesday Assignment 2 due (Calculating Returns)
Class #4 02-10 Thursday
Investment
Choices from ADRs to Zeros Including:
DIAMONDS, QQQQs, SPDRs and VIPERS
Stock-Track Trading Week 1
(trades from Feb 14
through Feb 18): Buy ETFs
S-Chapter 13: Market Indexes
RB-Chapter
3: Selecting
Investments in a Global Market
D2L
material on Mutual Funds and Other
Managed Investments
02-14 Stock-Trak starts Week #1
Class #5 02-15
Tuesday Assignment 3 due
(Calculating Correlation)
Class #6 02-17 Thursday
02-18
Friday
All required Stock-Trak trades for
Week #1 must be executed by 3pm
Why Being Short Is Risky
Stock-Track Trading Week 2 (trades
from Feb 21 through Feb 25): Buy Bonds and Mutual Funds
D2L
material on Mutual Funds and Other
Managed Investments
S-Chapter 3: The
Marketplace
02-21
Monday Stock-Trak Trading Week #1 summary to D2L Dropbox
by 8am
Class #7 02-22 Tuesday Assignment 4 due (Morningstar Fund Analysis)
Class
#8 02-24
Thursday NO CLASS
EXAM
In Testing Center (RN-Ch 1, RN Ch 2, S-Ch 13, RB-Ch 3
& lecture materials) OR take exam on
02-25 Friday EXAM In Testing Center (RN-Ch 1, RN Ch 2, S-Ch 13, RB-Ch 3
&lecture materials)
All required Stock-Trak
trades for Week #2 must be executed by 3pm
Leverage as a Double-Edged Sword
Stock-Track Trading Week 3
(trades from Feb 28
through Mar 4): Buy ADRs
S-Chapter 3: The
Marketplace
S-Chapter 6: Market
Mechanics
02-28 Monday Stock-Trak
Trading Week #2 summary to D2L Dropbox by 8am
Class #9 03-01
Tuesday Meet in Radford Lab
Class #10 03-03
Thursday Assignment 5 due (Margin Transactions)
03-04
Friday All required
Stock-Trak trades for Week #3 must be executed by 3pm
Does Size Matter?
Stock-Track Trading Week 4
(trades from Mar 7 through
Mar 11): Place
Stops-loss orders and limit orders
RB-Chapter
6: Efficient
Capital Markets
S-Chapter
11: Behavioral
Finance
03-07
Monday Stock-Trak Trading Week #3 summary to D2L Dropbox
by 8am
Class #11 03-08
Tuesday Assignment 6 due
(January/Size Effect)
Class #12 03-10
Thursday Meet in Radford Lab
03-11 Friday
All required Stock-Trak trades for
Week #4 must be executed by 3pm
Margin Trading: The Frontier
beyond the Market
RB-Chapter
7: An Introduction
to Portfolio Management
Stock-Track Trading Week 5
(trades from Mar 14
through Mar 18): Shorting
and Margin Accounts
03-14 Monday Stock-Trak
Trading Week #4 summary to D2L Dropbox by 8am
Class #13 03-15
Tuesday
03-16 Wednesday is the last day to drop
course
Class #14 03-17
Thursday
03-18 Friday
All required Stock-Trak trades for
Week #5 must be executed by 3pm
Spring Break
Stock-Track Trading Week 6 (trades from MAR 21 through MAR 25): No required trades
Secrets
to Making Risk Disappear
Stock-Track Trading Week 7
(trades from MAR 28
through APR 1): Impact of
leverage
(Stock-Trak Bonus points begins)
RB-Chapter 7: An Introduction to Portfolio Management
RB-Chapter 8: An
Introduction to Asset Pricing Models
03-28 Monday No Weekly Stock-Trak
Trading Summary
Class #15 03-29
Tuesday Stock-Trak Trading Week #5 and Week#6 summary to D2L Dropbox by 8am (one file but with a paragraph for each week
(Week 6 needs to have the returns for the week and Week 7 (all 4 parts)
Class #16 03-31 Thursday NO
CLASS
EXAM
in Testing Center (S-Ch 3, S-Ch 6, S-11, RB-Ch 6, & lecture materials)
OR take the exam on
04-01
Friday EXAM
in Testing Center (S-Ch 3, S-Ch 6, S-11, RB-Ch 6, & lecture materials,
All required Stock-Trak
trades for Week #7 must be executed by 3pm
Value
as a Function of Relevant Risk
Stock-Track Trading Week 8
(trades from APR 4 through
APR 8): Buy or sell the ETN VXX
RB-Chapter 8: An Introduction to Asset Pricing Models
RB-Chapter 9: Multifactor
Models
RN-Chapter 17: An
Introduction to Derivative Instruments
04-04 Monday Stock-Trak Trading Week#7 summary to D2L Dropbox
by 8am
Class #17 04-05
Tuesday
Class #18 04-07
Thursday Assignment
7 due (Portfolio Risk)
04-08 Friday
All required Stock-Trak trades for
Week #8 must be executed by 3pm
What Is the
True Market Proxy?
Stock-Track Trading Week 9
(trades from APR 11
through APR 15): Futures:
commodities & FX
RB-Chapter 9: Multifactor
models
RN-Chapter 17: An
Introduction to Derivative Instruments
04-11 Monday Stock-Trak
Trading Week #8 summary to D2L Dropbox by 8am
Class #19 04-12
Tuesday Meet in
Radford Lab Assignment 8 due (Calculating Beta and the 3-Factor Model)
Class #20 04-14Thursday NO CLASS
EXAM
in Testing Center
(RB-Ch
7, S-Ch 11, RB-Ch 8, RB-Ch 9, & lecture materials),
OR
take the exam on
04-15
Friday EXAM in Testing Center (S-Ch 3, S-Ch 6,
RB-Ch 6, & lecture materials)
All required Stock-Trak
trades for Week #9 must be executed by 3pm
Achieve risk reduction by buying or selling risky assets
Stock-Track Trading Week 10
(trades from APR 18
through APR 22): Buy/Sell
futures on SP500
RN-Chapter 17: An
Introduction to Derivative Instruments
RN-Chapter 18: Derivatives: Analysis and Valuation
RN-Chapter 19: Equity-Portfolio
Management
04-18 Monday Stock-Trak
Trading Week #9 summary to D2L Dropbox by 8am
Class #21 04-19
Tuesday Meet in Radford
Class #22 04-21
Thursday 7:30 am SMEF
Presentation in Reeve Union Theatre (an alternative assignment is available)
04-22 Friday
All required Stock-Trak trades for
Week #10 must be executed by 3pm
Strips, Straps and Straddles—Oh My!
The
Price of the Future Today
Stock-Track Trading Week 11
(trades from APR 25
through APR 29): No required
trades
RN-Chapter 18: Derivatives: Analysis and Valuation
RN-Chapter 19: Equity-Portfolio
Management
04-25
Monday Stock-Trak
Trading Week #10 summary to D2L Dropbox by 8am
Class #23 04-26
Tuesday Meet in Radford
Class #24 04-28 Thursday Assignment
9 due (Basic Option Strategies)
04-29 Friday All required Stock-Trak trades
for Week #11 must be executed by 3pm
Market neutral returns above the risk-free rate
Stock-Track Trading Week 12
(trades from MAY 2 through
MAY 6): Basic option trades
RN-Chapter 19: Equity-Portfolio
Management
RB-Chapter
16: Equity Portfolio
Management Strategies
05-02
Monday No Weekly Stock-Trak Trading
Summary
Class #25 05-03 Tuesday Meet in Radford
Class #26 05-05 Thursday Assignment 10 due
(Performance Evaluation)
05-06
Friday All required
Stock-Trak trades for Week #12 must be executed by
3pm
When Doing Better Than the Market Is Bad
This Is Your
Life
RB-Chapter
25: Evaluation of Portfolio
Performance
RN-Chapter 5: Investment Policy Statements (Risk management)
Pricing
futures and use of futures in a portfolio for cash flows and changing risk
05-09
Monday Stock-Trak Trading
Week #11 & #12 combined summary to D2L Dropbox by
8am
Class #27 05-10
Tuesday
Class #28 05-12 Thursday In-class EXAM (only time can use a note card) All exams must be completed by 11:10
(RN-Ch
5, RN-Ch 17, RN-Ch18, RN-Ch 19, RB-Ch 16, and RB-Ch 25, and lecture materials)