basically a combination of big technology such as: airplanes and parts, elevators, escalators, and and much more. The cost of this stock was much higher, so I expected much more obvious change week to week.
Summary of Stock Performance/ Self-Evaluation I had a decent amount of hope for my stocks, but overall making money is not what I was interested in. I saw the point of this project more to learn how unpredictable the stock market can be rather than as a competition. I could be using that as justification for the amount of money I lost, but you’ll never know! I lost the most money in United Technologies Corporation (UTX) which is to be expected as the purchase price was $125.33, more than the purchasing price of both Target and Xcel Energy combined. In United Technologies Corporation I lost $658.41 with my 25 stocks. This is about $26 per $125 stock purchased. In Target, I lost only 263.89 overall. I say only like it was successful. In Xcel Energy, I lost 422.97 dollars. Overall I lost a whopping $1,335.22 totalling to more than a 10th of my initial 9981.96 budget. I lost money in all of my stocks following the drop on December 24. There appeared to be some optimism as some of my stocks were peaking. If this was not for a project, there’s no way I would pull out after a catastrophe such as this. It would make much more sense for me to wait it out. Typically when there is a dip in the stock market, a rise often follows and vise versa. Compared to the Dow Jones Industrial Average, these dips and rises tended to correlate with my stocks. I expected this to correlate pretty well, but there was sometimes where it was so spot on it was kind of suspicious feeling. My investments next time would for sure include more research, not only of my stocks, but stocks overall. Going into this I wanted to simply get my stocks picked and get going. If I did this in the future I would make more of an effort to look at the trends, take a look at some articles and see what’s genuinely going on with these companies. Another thing I would like to pay
- Spring '18