Stock Market Final Report
This year in math class, we studied the stock market and we picked stocks and followed them for 15 weeks. I picked four stocks. The first one I picked was IBM because it had a high price. The second reason was because it had a good chart from the last month. The last reason was because a lot of normal business stores had IBM products such as computers. I also picked Verizon because people have cell phones to talk to each other. It also has cheap telephone services and Verizon Fios Television. I chose home depot because during the bad economy people will be doing a lot of at home projects. The last stock I chose was The 3M company because their price wasn’t too high and they had a good chart from the past month.
There were many things I would change if I could from the math project on stocks. I would not have chosen 3M because they didn’t do to well in the 15 week range. In the end, it turned out I lost close to 500 dollars. I wish I had gotten more shares of IBM because they did very well. I got a lot of money from investing in IBM. If I could change it, I would have bought less Verizon shares because they made me very little money. I would have got less shares of Verizon and more shares of IBM.
For first time stock buyers, here is some advice. If I were you, before buying a stock, I would do research on the company I investing in. I would see what the company makes or does, and how they would make money off what they do. You should follow your stocks for about two weeks so you can see if they did well, or if they lost money. If they gained money, you know it’s the right choice to invest. The final advice I have for future stock buyers is that you have to look at the basic chart of your company. It will show you how the company did in the past month. If the chart went up, it’s a good idea to buy some shares. The stock project in math was very fun, and if I had the chance to do it again, I would.