Our project in math was the stock market and to start it off we were given 10 000 (fake) dollars to spend on three or four stocks of our choice.
After the end of about an hour of browsing stocks decided on three stocks Nike, Dell and SunTrust Banks. I was certain about Nike because I love their running shoe and their store was always busy so I thought it would be popular meaning that it would do well in the stock market. I chose Dell because on ‘historical prices’ it looked like the stocks were stable as they stayed about the same price and also I wanted one of their laptops! I was less sure about SunTrust because I found it when I was browsing through random ticker symbols, it seemed to have the perfect price, high enough to do well but affordable at the same time. At the end of math class that day I felt pretty comfortable about my stock choices.
It turned out that my stocks didn’t actually do too well so if I had to invest in the stock market again I would do a couple of things differently. As far as the choice for my stocks went I think I would have picked more well known stocks, I found out that the lesser known ones (especially SunTrust) were unstable, they obviously had never been heard of because nobody invested in them !
If I could have had the stock market project to do over again I would have picked better known stocks so that more people would have invested in them, they were very unstable. I would have also pulled out of the market sooner because at one point early on in the project my chosen stocks were actually doing well and gaining money.
If you ever decide to invest in the stock market here is some advice .Make sure you chose a stable well known stocks so that people invest in them and they do well. I would have followed my chosen stocks for a couple weeks before investing as to see how well they do and finally you should probably start out with only a couple different stocks, if they seem to be doing well you can invest in some more.
All in all although I lost a lot of money, investing in the stock market was a great idea as now, if I ever want to invest in the real stock market I will have some experience to base important decisions on.