Stocktracking Essay, Research Paper
This stock-track portfolio truly kept me interested in category and I had a batch of merriment making it. Throughout the semester I made 40 different trades. The twenty-four hours I received my hard currency I bought 15 different stocks. I purchased 500 portions of each stock. Coca-Cola was my first. I didn & # 8217 ; t cognize much about the market, so I wanted strong, low-risk stocks. Following I bought Tommy Hilfiger Corp. , because I truly like their apparels and I felt that they were traveling to sell a batch more with the new line of childs dressing they were seting out.
MCI communications was my following pick. My female parent & # 8217 ; s cellular phone is hooked up with them and I figured I might every bit good back up the company. Inter-Tel was following. I thought I was purchasing Intel, but after I realized that I hadn & # 8217 ; T I kept it to see how it did. Then I bought the existent Intel. I didn & # 8217 ; t really cognize anything about the company, but people in category were speaking about it so I figured I would give it a shooting.
All the childs in category were purchasing stock in computing machine package and approaching telecommunications companies. I truly didn & # 8217 ; t cognize anything about them so I bought a stock called Nextlink communications. I have no thought what the company is approximately, but it did reasonably good so I was happy. Then I bought NPC International Inc. , merely because I wanted more stocks and it sounded good. I bought Music Land shops because I play the guitar and I love music so I had to purchase that stock. I already own Walt Disney stock in existent life. My gramps bought it for me for my tenth birthday. If it & # 8217 ; s good plenty for him it & # 8217 ; s surely good plenty for me. K-Mart had changed their name to the Big-K about a hebdomad before I bought the stock. Possibly this would convey in some new patronage. I thought that merely because Marlboro sold so many coffin nails that of course the stock monetary value would ever make good. I don & # 8217 ; t cognize what I was believing, because like you said there are ever those non-smoker motions and Torahs being passed but I learned my lesson. My female parent and girlfriend ever buy places from Nine-West places, so I felt that they were making something right. I bought Newport News Shipbuilding Inc. Because I thought I was purchasing stock in Newport Cigarettes, but I didn & # 8217 ; t attention. I so bought American Eagle Outfitters because I love their apparels. That concluded my first twenty-four hours on the stock market. I spent about $ 315,000, and I was merely warming up.
The following hebdomad I came back, and this clip I was purchasing stocks in groups of 1,000 portions. I bought NYMXE Pharmaceutical Corp. , and I think I was merely picking at random because I can & # 8217 ; t believe of one good ground on why I bought that or my following pick, Digene Corporation, I don & # 8217 ; t even know what they do at that place, but that & # 8217 ; s alright because it merely adds to the diverseness of my portfolio. Norwest Corp is another random choice. On a twenty-four hours when you & # 8217 ; re merely picking names and you see something you & # 8217 ; ve heard of, you buy I t. That & # 8217 ; s what happened when I saw Mobil Corp. Electronic information System. It sounded like a good hi-tech stock.
The undermentioned twenty-four hours I realized that I was over my budget so I started selling some stocks. I sold Coca-Cola because it was up two points, so I was happy with that return. Fruit of the Loom was down two points so I got disquieted and sold it. Tommy Hilfiger was up about 2 points, so I got rid of it. MCI besides went up so I figured I would take net income when I can acquire it. Following Link went up a small but I sold it right off because I had a bad felling. NPCI went up two points and I didn & # 8217 ; t even cognize what it was, so I was content with the money I made from it. And Music Land Store went up a small but I was in a merchandising temper so I got rid of that besides.
My following sets of purchases were besides made in groups of 1,000 portions. My uncle owns a 1969 36 pes Chris Craft fishing boat and if you know anything about boats, Chris Craft is the elite in angling boats, so I bought a thousand portions. I was following IBM and it was down so I bought it to see if it would equilibrate out. Micro Soft was besides a small low so I bought it with the same logical thinking in head. The Intel that I had bought antecedently was down but I had a feeling it was traveling to travel back up so I bought more. I made a typo mistake and ended up purchasing 500 portions of it, but I was droping hazardous so I left it and kept a close oculus on it. The following twenty-four hours I went back and checked it out and it was up about a point. I sold it so and was happy with my net incomes. Besides the 1000 portions of IBM was up 2 points so I sold that excessively. I don & # 8217 ; Ts know why I did but I bought another 1,000 portions of Micro Soft at 2 points more than I h
ad paid for it the old twenty-four hours, I guess I merely had a feeling or something. My following purchase was non a misprint ; I bought 5000 portions of Lo-Jack because I had merely read that all Pontiac and GM autos are traveling to offer Lo-Jack as an option on all the 1999 autos. Besides I think it is a great investing anyhow. I wasn’t jesting when I said I had a felling with Microsoft. A hebdomad subsequently it was up 6.5 points from my 2nd purchase and 8 points from my first. I rapidly sold it and was really happy with the net income I had made. The remainder of the stocks in my portfolio have been traveling up and down for the past 4 hebdomads, but I haven’t truly been touching them. I am happy with my portfolio as it is and I am traveling to sit on it and see what happens. If I were your fiscal adviser I think you would be happy with me. I earned 3.53 % in less than 2 months. I have to acknowledge that I didn’t truly cognize what I was making at first, but I’m get downing to acquire the bent of it.
The staying securities still left in my portfolio are at that place for different grounds. American Eagle Outfitters has been nutrient to me. I t has made me a batch of money so far, and I like the stock really much. Chris Craft is another 1 that I have personal grounds for maintaining. I & # 8217 ; ve lost money overall with it but I truly like the company. Digene Corporation is there for no evident ground whatsoever. I lost money, and I still have no thought what the company is, but I & # 8217 ; m keeping onto it anyhow. Electronic Data System is at that place because it sounds like it & # 8217 ; s traveling to be large one twenty-four hours, likely non any twenty-four hours shortly. Fidelity Magellan is at that place because I can & # 8217 ; t acquire rid of it. I bought it by accident and I can & # 8217 ; t sell it back. Intel Corp. is at that place because I made so much money from it earlier with 5000 portions that I flipped, so now I & # 8217 ; ll hang onto it merely to see if it will spirt up once more. K-Mart is at that place because it refuses to travel. It doesn & # 8217 ; t travel up and it doesn & # 8217 ; t travel down, so I & # 8217 ; ll merely keep it and roll up on it. Lo-Jack is traveling to be large one twenty-four hours, and I & # 8217 ; m traveling to hold 5,000 portions of it and state & # 8220 ; I told you so. & # 8221 ; I & # 8217 ; m keeping onto Phillip Morris with the hope that one twenty-four hours it will return to the monetary value I bought it at. Mobil Corp. is still there because I & # 8217 ; m doing good money with it and it easy keeps traveling up. The lone ground I still have Nine-West is because my girlfriend gets a boot out of it. She thinks its great that I bought their stock and won & # 8217 ; t allow me sell it. Newport News Shipping is still there because I & # 8217 ; m trusting it & # 8217 ; s traveling to travel back up. It used to be up a batch and I should hold sold, but I didn & # 8217 ; Ts and now it & # 8217 ; s down so I & # 8217 ; m traveling to wait and see what happens. I & # 8217 ; m in the same state of affairs with Norwest. I want to keep on and see if it rises once more. MYMXE is at that place because I lost manner excessively much money to allow travel now. I know that one twenty-four hours it will lift once more.
I feel that my portfolio is really diverse. I have money invested in all different types of Fieldss. The lone potency hazard in my portfolio is all the money I have invested in Lo-Jack. But I & # 8217 ; m non disquieted because I am certain that the stock is traveling to travel through the roof. I guess you could state that my stock in K-Mart is like a fixed income security. I am roll uping dividends and that & # 8217 ; s the lone ground why I still have it. I have barely any hard currency that is non invested.
Earlier in the semester I had said that I would wish a 15 to 20 % return on my investings. I have earned 3.5 % in 2 and a half months. At that gait, I would gain a small over 1 % which is precisely what I had hoped for. I besides said that I would take large opportunities if I felt the return was great plenty. I feel that 5000 portions of any stock is taking a opportunity, and I believe that the return will be good worth it. And in my investing scheme I said that I was willing to lose up to half of my entire capital due to the fact that I am so immature and have plentifulness of clip to do it up. I think that both of the statistics show a close similarity between my investing scheme and my existent portfolio.
My lone sorrow is that I didn & # 8217 ; t mail in my money shortly plenty. If I could hold had another 3 hebdomads I think it might hold made a difference. I don & # 8217 ; t think I would make anything otherwise but I do experience that it took me a piece to acquire the swing of things. I am traveling to make some stock-track once more on my ain clip, merely for merriment, and now I think I will be a small more prepared for it. I learned how the stock market works from custodies on experience. I see how easy it is to lose your full nest eggs, or dual or treble them. If you play smart and utilize your caput, there is a batch of money to be made out at that place.
Cite this Stocktracking Research Paper This stocktrack portfolio
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