Stock Market Essay
Mark Balboni, Red
For the stock market project in math, i selected a wide range of stocks. The first one that I invested in was a DaVinci medical company that manufactures surgical devices, called intuitive surgical. I invested in it because my dad had made a large amount of money on it, and I tried it. I made 2,500 dollars on it. My second stock was best buy, which i was skechy about, but I tried it because of the wide range of products and buyers. This was a bad descision, because i made only 100 dollars on it. My third stock was Target, which i bought for the same reasons as best buy. This was slightly better, but i still made only 200 dollars.
Even though my stocks did pretty well, I feel I could have done better, and here is how. Firstly, I would keep Intuitive Surgical. It was a great buy, and I made 2500 dollars off of it. Secondly, I would have sold Best Buy, and bought shares in apple. Best Buy didn't work out too well, and Apple seemed to do very well. Thirdly, I would have sold target, and purchased some penny stocks in a company like Sears Holding Corp. One of my friends did this, and he made a lot of money, because with penny stocks, only a very small increase will make you money on all of your stocks.
If you were to invest in stocks, you would want some advice like this. First, invest in penny socks. As I stated in the last paragraph, these make money with small increases, and if you buy a lot you can make a ton. My second piece of advice is this: Do lots and lots of research. My dad gave me the idea of buying Intuitive Surgical, and it had payed off even more than expected. If I had put some thought into purchasing best buy and target, i would have known to invest in the MANUFACTURERS, not the SELLERS. This advice will get you far, even further than I did.