Differences between the NASDAQ Composite and the DJIA

Michael Quiel is an experienced investment banker and stockbroker with more than two decades in his profession. With skills in hedge fund management, capital formation, brokerage management, and more, Michael Quiel took on his current role as owner and president of Legend Advisory Corporation in 2001, where one of his duties is investing and advising the listing of companies in stock market systems like NASDAQ.

NASDAQ is a computerized marketplace created more than 40 years ago to list stocks for investors to buy and sell with more ease and efficiency. Once a part of the National Association of Securities Dealers (NASD), the system separated from the association in 2006 and later joined with the Scandinavian exchange group OMX. While NASDAQ refers to the system through which stocks are exchanged, two distinct indexes are used to gauge the stock market’s performance and to perform a statistical analysis of the market.

The Dow Jones Industrial Average (DJIA) is one such index, providing an average of the price movements of stocks from about 30 companies on the New York Stock Exchange that are tracked by the Dow. The other index is the NASDAQ Composite Index. This charts about 4,000 companies, providing statistical data similar to the DJIA for tracking stock prices, but based only in the NASDAQ exchange.


The Zak!Charity Open Benefits Children’s Charities

Michael Quiel commands 23 years’ experience working in investments. He currently serves as a managing partner with Legend Asset Opportunity Master Fund, responsible for overseeing the Cayman Hedge Fund and for purchasing commercial and residential properties. In his personal life, Michael Quiel supports charitable efforts such as the Rypien Foundation, a beneficiary of the Zak!Charity Open.

Mark Rypien, an NFL player voted MVP of Super Bowl XXVII, founded the Rypien Foundation after losing his three-year-old son, Andrew, to cancer. Rypien, his colleagues, and volunteers raise funds to help children with cancer and their families and always appreciate the aid of charities such as Zak Designs.

Every year, Zak Designs hosts the Zak!Charity Open, a two-day golf extravaganza in Spokane, Washington. The annual event kicks off with a Summer Celebration dinner and special events such as an auction. Participants subsequently enjoy playing in two golf tournaments on following days. Since its founding 15 years ago, the Zak!Charity Open has raised $4.6 million for children’s charities, including the Rypien Foundation.

Zak Designs has announced plans for the 2015 Zak!Charity Open. On Sunday, July 26th, the Summer Celebration dinner and auction will take place at Northern Quest Resort & Casino. On Monday, the event moves to Spokane Country Club and Manito Golf & Country Club for the golf tournament.