Taking place at the time of the U.S. government shutdown, the market during the Horizon competition – which ran October 7 to November 15 – was volatile. So, Macdonald took risks throwing “the textbook strategy out the window’ and “looking for as much short-term gain as possible.”
“I banked on the fact that the U.S. government would cause the volatility to decrease,” he explains. “I had to think of instruments that would travel in tandem with that.”
Once the dust had settled, Macdonald decided to focus on the Canadian market, investing in the TSX. In the end, his returns and those of two other competitors were within $40 of each other.
"They had the American market. I had the Canadian market,” he said. “It was very exciting, for sure.”
When asked how he’ll spend his $3,000 cash prize …
“Christmas gifts are a good start,” Macdonald says. “I won’t spend it frivolously. I’ll save or invest the rest of it.”