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Stock Market : Final Report
You can’t make money in the stock market without going out on a limb and investing in it. Once you put your money in, you have no control over how much you gain or lose. I find this exciting, because you could invest twenty-five cents and make twenty-five thousand dollars, or invest twenty-five thousand dollars and make twenty-five cents. The stock market is an unpredictable roller coaster ride that can bring you up, and take you down in a matter of minutes. Every Friday in Mrs. Harte’s 7th grade math class we watched and recorded the patterns of the stocks of our choice. We did not invest any real money, but it was very interesting to find out which stocks did well, and which did horribly. After twenty-four weeks of watching, I finally made up my mind about the stock market.
Sometimes taking a risk can lead you to something good, and sometimes it can get you into a lot of trouble. In the stock market, you have to know your facts, and trust your gut about the stocks you nvest in. The stocks I chose to ‘invest’ in were McDonalds, Royal Caribbean Cruises, and Nike. I picked McDonalds because I knew how popular the chain was around the world. I also realized that the cheaper, the better, and McDonalds has a pretty big dollar menu that is fast and easy. Investing in Royal Caribbean was the most exciting because I wasn’t sure how well it would do. I thought cruises would become more popular in the winter, with people trying to get away from the harsh cold weather. Nike was my favorite stock out of the three I picked. Nike is a widely popular company known all around the world. thought that since the stock costed the most, that it would do well. I had trust in it to do well. Out of the millions of stocks in the market, choosing was definitely a hard process, but it is also one of the most important step in making, or losing money.
I chose the stocks I did before I knew much about the market. And though I have no regrets, I could have done better by making changes in the stocks I ‘invested’ in. I didn’t exactly look for any companies that I didn’t know, and now I wish I had. Weyerhaeuser is a company that I had no idea existed until a friend of mine had made an exceeding amount of money with this stock. I would like to change from McDonalds to this stock because I would have liked to learn about a company, while still making money! Another stock I would like to change to would be from Nike to Apple. Apple is another fairly popular company that is known for it’s technology services and devices. This stock scared me away because of its high price. I would have lied to look past the price and see the fact that it was doing very well. If I had seen the historical prices, I would have invested in it and made more money than I did. I am happy with my Choice if Royal Caribbean because it made the most money, and I loved the fact I got to actually learn about a Cruise line! It was very interesting, and I was happy with the amount of money I made with this stock. Wishing you invested in a company that did better than the one you chose is always hard, but you gain
knowledge from your mistakes.
Going into the stock market with no idea how it works is not a good idea at all. With a little advise from an expert, and a little research can make all the difference. It is quick and easy to check the historical prices, and though the stock market is unpredictable, if it has a history of horrible prices, it is probably not a good idea to choose that particular stock. It is also a good thing to know at least the basic information about your stocks before actually investing in them. Research is easy to do, but it is also easy to get false information on bad web sites. Make sure when researching that you trust the website, and know it is real facts. Investing a little at a time is a good thing to do when you are just beginning in the stock market because you can’t lose any more than you invest, and if you only invest a tiny bit, you only lose a tiny bit. You can always buy more stocks, so you don’t have to rush into it by buying all you can the first day. A little piece of advise can help you go a long way. With this stock project, I have learned many things that I would have to find out later on in life. Now I have all the information I need to invest in stocks. I believe with the knowledge I have now of the stock market that I would have a better chance at success later on in life. What I take away from this unit is the fact that you don’t control how well your stacks do, but what you can control is what you invest in, and how much you invest in it.
Article posted May 26, 2011 at 11:36 AM •
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