Stocktracking

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Stocktracking This stock-track portfolio really kept me interested in class and I had a lot of fun doing it. Throughout the semester I made 40 different trades. The day I received my cash I bought 15 different stocks. I purchased 500 shares of each stock. Coca-Cola was my first. I didn't know much about the market, so I wanted strong, low-risk stocks. Next I bought Tommy Hilfiger Corp., because I really like their clothes and I felt that they were going to sell a lot more with the new line of kids clothing they were putting out. MCI communications was my next choice. My mother's cellular phone is hooked up with them and I figured I might as well support the company. Inter-Tel was next. I thought I was buying Intel, but after I realized that I hadn't I kept it to see how it did. Then I bought the real Intel. I didn't actually know anything about the company, but people in class were talking about it so I figured I would give it a shot. All the kids in class were buying stock in computer software and upcoming telecommunications companies. I really didn't know anything about them so I bought a stock called Nextlink communications. I have no idea what the company is about, but it did pretty well so I was happy. Then I bought NPC International Inc., just because I wanted more stocks and it sounded good. I bought Music Land stores because I play the guitar and I love music so I had to buy that stock. I already own Walt Disney stock in real life. My grandfather bought it for me for my 10th birthday. If it's good enough for him it's certainly good enough for me. K-Mart had changed their name to the Big-K about a week before I bought the stock. Maybe this would bring in some new clientele. I thought that just ... ... middle of paper ... ...ment strategy I said that I was willing to lose up to half of my total capital due to the fact that I am so young and have plenty of time to make it up. I think that both of the statistics show a close similarity between my investment strategy and my actual portfolio. My only regret is that I didn't mail in my money soon enough. If I could have had another 3 weeks I think it might have made a difference. I don't think I would do anything differently but I do feel that it took me a while to get the swing of things. I am going to do some stock-track again on my own time, just for fun, and now I think I will be a little more prepared for it. I learned how the stock market works from hands on experience. I see how easy it is to lose your entire savings, or double or triple them. If you play smart and use your head, there is a lot of money to be made out there.

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