This year we had a project where we are supposed to choose a few stocks to invest in and follow. I spent the night before we choose our stocks researching and found some very good stocks. The next day I realized that I had to choose stocks that were in Nasdaq or the Dow Jones Industrial Average, and none of mine were in either. I quickly found some random stocks that I knew or thought were interesting they were Sear Holding Company, Dell Co., and Activision Blizzard. I choose Activision Blizzard because it was the first stock that was mildly familiar to me on the list. The next stock I choose was Dell, because I have a Dell computer and my parents had dell computers. I also knew that Apple was going to make it fall soon and you have to go up before you go down, right? My final company was Sears Holding Company. I choose this company because I had heard of it before, but wanted to know what a holding company is. The other reason was because I had heard of a Sears Tower that is very big so I assumed that if they could afford to build something like that, then they would be a good company to invest in.
Now that we have finished this project there are a few things I would have done differently. Both Dell and Activision Blizzard didn't end up doing very well. If I had known that this would happen then I wouldn't have invested in them. On the other hand, Sears Holding Co. absolutely skyrocketed. If I had known this I would have invest most, maybe all of my money in it. The one other thing I would have changed would have probably been that I would make sure that the stocks I researched were in the Dow or Nasdaq. I wasted a lot of time on stocks that I couldn't use.
There are a few things that you need to remember when investing. Firstly, always make sure that you are following all the rules and are doing what you are supposed to, If you break a rule you may have to pay a fine or forfeit whatever stock you bought without a refund. Second, Don't despair if your stock drops, it should come back up eventually. If you sell to fast you may lose opportunities to gain more money. Finally, always get at least one steady stock to balance out any flukes. If you make a bad investment and lose a lot of money you will still have that steady gainer to make up for your loses.