Monday, October 28, 2013

On Wednesday October 21, I along with my peers, played 21. It is a gambling game. At first I was a little scared to up any money down because I didn't want to lose any money. But as the time went on I decided to put in more money. I really didn't have any strategy. I just made sure I had an amount that was more than the card on the table plus ten. It was fun! I won out of pure luck!
I have two stocks bought as of now. They are Hasbro and Disney. Hasbro is a trade because I am going to sell it after the holiday season. The only reason I bought Hasbro was because I wanted to buy a toy stock since Christmas and all the other holidays are coming up. The definition of a trade is a buy that lasts for less than six months, it is usually is sold after it's highest point of the year. I bought Disney because it's highs and lows are pretty standard, they are pretty level for the most part. I would call this an investment because I won't sell it for a long time (longer than six months).

Thursday, October 17, 2013

The difference between a trade and an investment is that a trade is short term (less than 6 months). An investment is long term (longer that 6 months). Something that helps me remember this is to think of high school relationships and marriage. They are both effective, but one lasts longer than the other?

Tuesday, October 15, 2013

On Thursday October 10, 2013, we the class, trampled over each other in order to play an intriguing candy stock game. We had to fight each other for candy as if we were two year olds on an Easter egg hunt. It was quite fun, and it played on our skills to enter the stock buying world. A lot of market and company changes occurred such as twizzlers joining with laffy taffy. It was very nerve racking and I was trying to figure out what was the best decision was to make our money amount more effective, so me, shelbe, and cailyn put all of the candy that we had together so we could buy and sell easier. In the end, we each had 3000$.