VIRGINIA BEACH, Va. - Regent University MBA student Terry Thomas edged out more than 6,300 other contestant's to win week three of TheStreet.com's weekly online stock game, "Beat the Street."
"I noticed the contest one day while doing research and didn't enter until the third week," said Thomas.
According to Thomas, he wasn't interested in the stock market until he took a portfolio management course under Dr. Tim Redmer during his MBA studies at Regent University.
"Before then, I was actually terrified of the stock market. I wouldn't put a penny in it. I guess it was a fear of the unknown. I didn't know what I was doing, so I took Dr. Redmer's course as an elective," stated Thomas.
With the MBA course under his belt, one year of putting that knowledge to work in the stock market and a bit of advice from Mad Money's Jim Cramer, Thomas focused his winning "Beat the Street" strategy on researching company quarterly earnings reports. After filtering through more than 1,100 companies, Thomas spent one to two hours each researching his top six picks, which ultimately paid off with a cash prize.
According to Thomas, he's learned a lot of lessons in his first year of investing. And, when asked for advice, he tells people "the number one thing about investing is to leave your emotions out of the decision making."
Beat the Street is a weekly online stock game that runs for a total of 12 weeks. The person with the largest portfolio each week wins a cash prize of $5,000.
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