Wednesday, October 21, 2009
Review of Our Portfolio
This week we purchased three stocks. The first was Capital One Financial. We lost a total of $2482.20 off of this stock. However, $770.22 was off of commission and fees. We decided to purchase this stock because it was one of the highest risk stocks on the market based on prior research and we thought it would help our chances at winning the game. Our second stock was Hasbro. We purchased this company because of the upcoming toy and Christmas seasons. We thought this stock would go up a little, but instead it went down $558.40. However, $571.00 was off of commission so we actually gained around ten dollars on the stock back. Our third stock we purchased was EMC Corporation stock. This was also purchased on the basis of it being one of the highest risk stocks on the market. We found this information on the Internet and figured that if we were going to win we would need to put a lot of money into high risk stock. However, we lost a total of $1011 on this stock alone, but $358.00 was lost due to commission and fees. Our total equity right now is $95557.79 with a buying power of $108845.58. We also acquired $69.39 from dividends total this week.
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My group also decided we were going to invest in stocks because of the Christmas season. I think that investing in a company that prospers during a holiday season is a great idea. Also this is a perfect time to invest in them because it is not that close to Christmas. My group and I are also looking to invest in a high risk company. The companies you used gave me an idea of the sort of companies to invest in. When you listed how much money was off of the commission fee, that really helped me to see how much money the company was really making or losing.
ReplyDeleteCapital One Financial is a very risky stock judging by their last six months. It could have a large price increase but I am hoping you did not invest a large amount of money. However, I do believe that investing in Hasbro was a good idea with the upcoming holiday season.
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