Transaction 1
Earlier this week i realized that my apple stocks have been going down. I am using Apple as an investment company though so instead of selling it, i bought 15 more Apple stocks for $413.42. They are fairly expensive and i bought them at the higher end of the 52 week range, but i dicided to purchase because I am confident that their sales will go back up. I think Apple is a solid investment that i will want to keep. It's a popular company and releases new products often so it will prove to be a safe investment in the long run.
Transaction 2
My second transaction for this week is a trade. After learning the difference between trades and investments this week i realized that i had several companies i wanted to use as investments and wanted to look into a company that would be a good trade for me. I purchased 100 shares of Hershey Company for $59.60 each. With Halloween coming candy sales will be up and Hershey provieds a lot of different types of candy. I plan on selling about a week after Halloween. The stocks are also already up so i predict that this will be a smart trade and will result in a profit for me.
I really liked how you distinguished between trades and investments very clearly in the journal. A couple things that you could do to improve would be to specifically predict how much you expect the stocks to go up. Also, you could include information on your companies competitors. Nice job :)
ReplyDeleteI agree with the apple and that's a great action! I'd like to know the price you think it'll be at but it's very very good
ReplyDeleteI really liked how you realized that Apple is doing too hot but you still stuck with it and took that risk that it might still go down. One thing that you could work on is putting the 52 week range numbers in there and what it was on the day that you checked it so that people can really visualize how well the company is doing or how bad it is doing.
ReplyDeleteI definitely agree with your transaction with Apple. I'm doing the same with my Apple shares. They are definitely expensive, but I feel like with the iphone 5 coming out it's a good deal.
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