Friday, October 14, 2011
Week 4 Transaction
The most significant transaction i made this week was investing in Visa. I started looking to invest in the financial sector mainly because we spend a lot of money, even in harder economic times, we all still pull out our credit cards on a regular basis. There are many credit card companies but I chose to invest in Visa because it dominates 70% of the market in companies that distribute and process credit cards. However this is not the only reason, over 6 million businesses accept visa credit cards and the amount of money spent with a Visa credit card has gone up 17% since last year. For these reasons I think Visa will be a better investment than competitors such as Matercard. I bought 215 stocks for $91.92 each which is pretty high on the $66.50 - $94.75 52 week range, but it has gone up since i bought it. For me this price was a plus since Mastercard is going for $338.85 right now. I did buy Visa as an investment, to me this is a company that I will leave alone for a long time because im confident it will go up. I predict that Visa will go up, especially in the next few day, i have already started to see that trend.
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Way good job brah
ReplyDeleteReally good job. Don't forget to do your vocab.
ReplyDeleteReally good job. You might want to add more competitors than just Mastercard though.
ReplyDeletevocab is key in this world
ReplyDeleteYou had good placement of numbers and values. Good work.
ReplyDeleteGreat job Tess! Adding more about the other competitors would be nice so we know who all they are competing against. Your 52 week information is really good giving the percentages is a big help to us readers. all the percentages here a really helpful to know so when we go buy stocks we choose wisely! Ha great job girl!
ReplyDeleteI like your information about the 52 week range, i like how you included all the numbers and details. Awesome job tess
ReplyDeletei like how you have the 52 week information jsut like what paris said
ReplyDeleteClassmates comments are very good. My question is what is your actual prediction...going up doesn't cut it. Your info is very good and you build a great case for the stock. Is there any historical data that supports the long term trends?
ReplyDeleteGood job. 52 week information is great. maybe some more about the competitors but other than that great job
ReplyDeleteGood job, your information is great and like Savannah said, maybe add more about competitors. Keep it up!
ReplyDeleteyou have really good info i agreed with all the reasons you stated and you had good 52 week numbers and you covered all the angles.
ReplyDeleteGave a lot of great information on the stock and why you thought it would be a good investment but you might want to give more about competitors and more detail about your prediction. Way to go buddy.
ReplyDeleteGood information, needs list of competitors.
ReplyDeleteGreat information!
ReplyDeleteThis is Savannah Harker. Very nice job!! You went into such great depth with your journal, and i enjoyed reading it!
ReplyDeleteFantastic job really good information.
ReplyDeleteAll the information was great Tessala! the percentages worked perfect and made it easier to understand. The only thing would be is to make an actual estimate of where the price will be! Other than that it was a great job!
ReplyDeleteGreat job brah. You included a lot of good information. Your reasoning for the Visa transaction is sooo true. I only have a few hundred dollars in my account, and I’m trying to save up, but somehow my card calls out for me to use. : ( The only suggestions I have is to maybe add more vocab and competitors. : )
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