Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Imagine you have $1,000 to invest. Choose what companies you want to invest in. Use the search box to type in the company name to

Imagine you have $1,000 to invest. Choose what companies you want to invest in. Use the search box to type in the company name to add it to your Watch List.

Looks at the current stock prices (i.e. Apple listed at $166.07). If you buy one share, thats what it would cost you. Spend your $1,000 as you choose on any stocks you would like.

Take note of each stock you buy, the price and how many shares. The total should not exceed $1,000. But, you also do not have to spend all $1,000.

Example: You decide to buy 6 shares of Apple listed at $166.07 per share that day. With your $1,000 budget, the total you can buy is 6 shares x $166.07 = $996.42. After two weeks Apple is listed at $156.15 per share. Your 6 shares are now worth 6 x $156.15 = $936.90. You then take your initial $996.42 - $936.90 = $59.52. Because it went down, you lost $59.52.

Check your stocks each day and keep track of the increases and decreases for 2 weeks. At the end of the 2 weeks, write a reflection on the following:

  1. What stocks did you invest in, and for how much?
  2. Why did you choose these companies?
  3. What were your end results? Did you make or lose money? How much?
  4. What takeaways do you have from this investment experience?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bitcoin A Beginner S Guide

Authors: Benjamin Hart

1st Edition

0578389533, 978-0578389530

More Books

Students also viewed these Finance questions

Question

What is the difference between an affricate and an affricated stop?

Answered: 1 week ago