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Final Report On the Stock Market
In math class we got a project about the stock market. Everybody could spend 10,000 dollars on buying stocks from three different companies. I picked Google, Apple, and United Technologies. I picked Apple and Google because they are well known, large companies with a pattern of doing good. I picked United Technologies because it had a pattern of doing well too. I picked a lot of technology stuff because technology is commonly used and that Google and Apple were always coming out with new cool things like the droid and the Ipad. I thought these were could variables and that is why I picked them.
For some things this quote comes into play "All that is gold does not glitter". One of those things is the stock market. Some stocks are deceitful, they look promising but then they crash. On of the stocks was Google. When I bought it it was $570. Then next thing I know it goes down to $532 and I had to sell it! If I could change anything about my stocks it would definitely would have been to get rid of Google and buy Hershey. Hershey started somewhere around $31. Now it is $47. I could have made so much money off of that. Also if I could go back and do it again I would get way more Apple stocks. I gained a lot of money from them. But you always learn from your mistakes and you can't go back in time so the best I can do is help others with making the right decision.
Whenever you have the opportunity to get advice, you should take it. Right now I am giving you an opportunity for that advice so you can make a lot of money. For me Google was a let down. I expected to earn a lot of money from it but instead I lost $382. It was doing well and had a pattern for going up but then it went down. Now I know and am telling you to NOT BUY GOOGLE. Instead by Hershey. I almost got Hershey in the beginning but thought that Google would do better. Now it went up to $47 from $30 and google crashed and burned. I could have made a LOT more money and now I give you the chance. If you want to make more money than you should also get stocks from Apple. I bought Apple stocks at $200.31 and by the time I got to sell it it was worth $268. I got a LOT of money, almost 2.5 times more than what I lost from Google. Now by learning from my mistakes you can make lots of smart stock choices and make a lot of money.
Article posted May 13, 2010 at 09:44 AM •
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