This is the week you have been waiting for—to see if you are walking home a pretend millionaire, or whether you would be finding a side job to recoup your losses! This is the last of the three stock j
STOCK JOURNAL
Stock Journal
Thomas Kruah
FIN100: Principles of Finance
Dr. Cecily Anthony
05/24/2020
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Stock Journal
Week 3
As I said, i wanted to have a diversified portfolio because I do not want to put all my eggs in one basket. The US companies I have selected for investment are Wal-Mart, Tesla, and Amazon. These companies are very different in nature and belong to different industries. I invested $1,000 dollars of the possible $25,000 in Wal-Mart because according to the stock exchange market, it’s doing well besides its share price was attractive and I could easily incorporate it in my portfolio. It’s also anticipated that the earnings per share in this company will keep on increasing. Also, $8000 and $16,000 were invested in Tesla and Amazon respectively because they are doing well in the market and there price per share seems to be always increasing.
Week 8
With the current trend in the total investment, I am happy since there is an increasing trend as we move from week three to week ten. For instance week three, the total investment was $25,000 which increased to $26,483 on week eight. This further increased to $27,393 in week ten. The increase in stock on a continuous trend is as a result of the fact that the three companies more especially Amazon are offering quality services to the customers (Omokhomion, et al. 2018).
Week 10
Finally, I could like to appreciate that I generated an addition of $2,393 on top my initial investment of $25,000. However much of this profit acme from the investment that I made on Amazon, therefore since the price per share of Wal-Mart remained almost the same from week 3 through week 10, I will remove the investment from Wal-Mart and invest all in Amazon. I have specifically learnt that there are companies that I can invest only to earn nothing despite their stock increase. This will help me in future when making investment decisions (Brown-Liburd, et al. 2018).
Sources:
Yahoo! Finance. (n.d.). Retrieved april 20, 2020, from Yahoo! Finance: https://finance.yahoo.com/quote/WMT?p=WMT&.tsrc=fin-srch
Yahoo! Finance. (n.d.). Retrieved from Yahoo! Finance: https://finance.yahoo.com/quote/AMZN?p=AMZN&.tsrc=fin-srch
Yahoo! Finance. (n.d.). Retrieved april 20, 2020, from Yahoo! Finance: https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch
