Assume that you have saved $500,000 and you need to keep them growing for your future needs. You may decide to invest this money in the securities market. You have the course duration to do so starting from weeks 4-14, a 10-week period.The following is not mandatory to follow, but rather guidelines to provide you with ideas on how to proceed. However, it is your responsibility to document every step and rationalize with evidence your choices. Evaluation is based on the way you constructed your portfolio and is not based on the value of your portfolio. However, combining both is a great success!In week 1 design an asset allocation mix that is appropriate for your age (e.g. If you are a 20 year old student you can keep 60% stocks, 10% bonds, 10% international stocks and 20% cash). You may assume any age but you need to indicate your assumption when you finish the portfolio and submit it to your teacher. Please do not use mutual funds or ETFs, as these are portfolios and do not provide the means for students to experiment with selecting individual financial instruments.By the end of the second week, you invest at least half of your money following that asset allocation mix.By the third week, you can start buying on margin, selling short and dollar cost average.By the fifth week, you can start learning about options. Once you make money on a stock you can buy a protective put and lock in the profit. If you have not made money in your stocks, you can write a covered call in order to bring more income to the account to help increase the position. Also, for the stocks you bought you can trade index options to hedge your stock positions.By the sixth-eighth weeks, watch the market news and their implication on interest rates and your investment activities to reassess the portfolio structure.By the ninth week, you can learn about futures. You can buy future options to hedge investments.You are required to write about what you traded, why you traded it and what you learned from the trade and all research you conducted to reach to these decisions. Have Fun!

Introduction The final step in developing your strategic plan is to translate your strategy into action. A robust action plan contains four elements: Identification of specific actions to be undertaken in the next year or less. Establishment of a clear time frame for the completion of each action. Creation of accountability by identifying who is responsible for each action. Determination of one or more specific, immediate objectives that the action should achieve. Functional tactics and monetary ramifications are the underlying details of your strategic action plan. Functional tactics are short-term, narrow-scoped plans that detail the activities you will use to achieve your short-term objectives. The monetary ramifications of your strategic plan will likely be expressed in both income and expenses, for example, the amount of increased income anticipated by climbing the corporate ladder and the amount of money you may need to spend on education or professional development. Note: Developing a strategic plan requires specific steps that need to be executed in a sequence. The assessments in this course are presented in order and should be completed in sequence. In the previous assessments, you have developed your mission statement, conducted a personal SWOT analysis and environmental scan, and laid out your long-term and short-term objectives. Now, you will create a strategic plan to achieve your objectives. Your completed Strategic Action Plan will be based on the information from your mission statement, your SWOT analysis, environmental scan, and your long-term and short-term plans; however, you do not need to include these items in this assessment. Develop a strategic action plan in which you address the following: Specific steps you will need to take in the next year to achieve your 5-year objectives. A time frame for completing each action. The scorecard you will use to measure the success of each action. The functional tactics you will use to achieve your short-term objectives. The resources (financial, human, and other) you will use to complete each action. An analysis of the monetary ramifications of each action. A plan for monitoring the progress of the action plan. A plan for handling obstacles or roadblocks. An explanation of how your overall strategic plan reflects your mission statement. To successfully complete this assessment, you may need to do some research on strategic action plans. Format this assessment as a research paper following current APA guidelines for both style and citing sources, making sure that you also use correct grammar and mechanics. There is no required minimum or maximum page length; however, you should strive to be as detailed as possible in addressing each bullet point, while also being as clear and concise as possible. Competencies Measured By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies: Competency 1: Create organizational value. Explain how a strategic plan reflects a mission statement. Competency 2: Participate collaboratively and respectfully. Describe the resources needed to complete the steps of a strategic plan. Competency 3: Communicate effectively. Explain how to measure the success of the steps needed to achieve long-term objectives. Write coherently to support a central idea in appropriate format with correct grammar, usage, and mechanics. Competency 4: Plan strategically. Describe functional tactics used to achieve short-term objectives. Describe a plan for monitoring the progress of a strategic plan. Explain strategies for addressing roadblocks and obstacles to a strategic plan. Competency 5: Employ high-performance business management techniques. Describe the steps and associated time frames needed to achieve long-term objectives. Competency 7: Use appropriate financial models and principles. Explain the financial ramifications associated with a strategic plan.