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In math class 6 months ago we picked 3 stocks and recorded the price of them every week. In this essay I will talk about why I selected my 3 companies (Gm, BP, and Comcast). I will also talk about what changes I would have made or, why I wouldn’t have made any changes. The last thing I will talk about is advice and what advice I would give you when you invest in stocks.
I selected the companies BP, Com cast, and General Motors. The reason I selected these companies is because they were really low when I bought them, and had a lot of room to go up. Now, to go into more detail for GM (General Motors). For one, they had just come out of bankruptcy, and it cost 33 dollars. I knew it could go all the way up to 40 Dollars. For BP, there is only one reason, because of the oil spill, they had a lot more to improve. For comcast, I did not know what to invest in ,so my friend told me that comcast was going to do really well. So I invested in them.
Now for what I would have done differently, and there is not much I would have done differently. But for GM and BP I would have changed the same thing. I would have kept them longer. I would have done that, because you cant make much money off of stocks in 6 months .You need to keep them a lot longer. For Comcast, I would have sold them earlier because comcast was doing really well. I wanted to sell them, but I couldn't so, then comcast went down and did really bad. So thats why I would have sold earlier.
Now for some advice in buying stocks. My advice is buy low, sell high. The reason for this is because if you buy when its high there, is no room for improvement. But if you buy, low the company can improve, a lot and then when it's really high, you sell the stock, because it cant go much higher. Another thing is don’t invest in the big companies. For example, Google, apple,etc. This is because they are already so high in price that they cant go much higher so they have a good chance of going down. This is why you invest in the small name companies. Thats my advice, hope it helped.
So now you have read about why I choose the companies BP,GM, and Comcast. Made you will invest in those companies now. You also read why I would have changed or what I wouldn’t have changed. The last thing you just read my advice I hope you follow that advice because it works.
Article posted May 23, 2011 at 12:02 PM •
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