Stock Market Report
In math for the last few months we have been keeping track of three stocks that we bought on November 15th. We were given 10,000 dollars to buy three different stocks. We had to buy a perfect amount of shares of each stock to get as close as we could to 10,000 dollars without going over.
The stocks I bought were Genzyme Corporation, McDonald’s Corporation, and V.F. Corporation. I bought shares of Genzyme Corporation because I couldn't think of a third stock to buy so I looked on the bullish list and there it was the number one stock predicted to do good in the market this year. This didn't exactly happen because at first the stock was everywhere down then low down then low for the first three months. Then it went up about five to six dollars. Then unfortunately it got bought out by a big company at the high of the stock and they gave all stock owners 76 dollars a share. Then McDonald’s wasn't that great of an idea. I thought it would go skyrocketing up because of the event in japan/china a couple of months ago but that wasn't the case I bought it at 79.32 and sold it at 79.07.Then I bought some shares in V.F. Corporation because it was near Christmas and this company owns a lot of big clothing companies like reef and others. This stock was 80.39 when I bought it and I sold it at 103.50 dollars. In all I made a total of $1404.52.
In my investing options I would change a lot from what I learned along the way while buying stocks and keeping track of them. First of all I wouldnt just buy stocks because I like them. I would research the stock and figure out if it has been doing good in the market. I would also look at the all time high and the current share price because usually a stock that goes above the all time high will go down after it reaches that mark. Then I would research the company to see what they are all about then look at the economy to see whats going on. For example when BP had the big oil spill I wouldnt buy any stocks from that company because they are going to lose money because of the cost of the spill cleanup. I bought shares of McDonald's because I heard of an event in china/japan that would boost up McDonald’s shares. But unfortunately this didnt happen. I should have research the company more.
Stocks are a risky business when you dont know what your doing and can put you in dept in the thousands. But can also make you millions if you do the right research and investigating in the stocks. If a stocks starts out at a low cost like .25 cents and you have bought 10,000 shares then suddenly it jumps up to $2.00 then $4.00 then maybe $10.00. Then right when its about to get to $11.00 starts to go down by .50 cents every week sell all your shares in the company. You want to buy low and sell when its high. Research is the key to doing good in the stock market. Research what the company does, the all time high, and the 52 week high etc. until you are positive the stock is going to do well. If all else fails buy shares in a big company that is world renowned like Google, Microsoft, or apple.
The stock market is a risky business. It can put you in dept in the millions if you don't know what you are doing. If you take the right steps researching and investing in stocks , you can avoid being put in dept and make millions if you really know what you are doing. Someone always gets lucky in the stock market. The stock market has fortunately treated me well , and I made about 15 hundred dollars.