Right now I think I’m in a pretty good spot. I have been taking a lot of notes and I have found a lot of resources. I thought that it wasn’t too hard to find resources but there wasn’t anything about the stock market on the schools databases. I have only had to change 2 things. One is my final project because I realized that I can’t really insert pictures and videos because the stock market is digital. I am going to make a slideshow with different sub topics and I’m going to explain what I am talking about. I also changed the way I take notes. My dad read over my notes and we made sure that they made sense and they were flowing.
I think my work is pretty good right now. I have really been reading the books and the articles thoroughly. I think that this project helps with my non fiction reading skills and my note taking skills. This helped with my non fiction reading skills because I usually read fiction books and I have never really had to take notes on non fiction books. I think this helped me with my note taking skills because I am not a great note taker and reading hard articles and taking notes has really helped me organize my notes and make more powerful notes. Here are some of my notes;
A fly on the Wall Street: By Sandi Nelson
1.A goal having to do with money is called a financial goal, ex: I want to buy a car but I need more money
- If you want to help people invest their money you would be called a financial advisor
- A share of a stock is when you own a part of the company but you don’t own the whole entire company
- The shares of some of the largest and strongest companies are called blue chip stocks
- A mutual fund is where an investor can own stock in many companies at once.
- When you think a company is profitable you buy stock in their company
- The better the company is doing the more money the stock is to buy
- A dividend is when the company pays each shareholder a little bit of money every three months
- Another name for stock symbols is ticker symbols
- The two big most popular stock exchanges are NYSE and NASDAQ, you will only find stocks that have a symbol of 1-3 letters on NYSE and on NASDAQ there 4-5 symbols
Jim Cramer: Follow these steps to become an investor
1.Make goals before you buy a stock, ex: I want 5000 to buy a car in 2 years
- Investing is a big risk of money first start small then go big. Only invest if you have enough money.
3.Short term gains, when you buy a stock and sell it in a short amount of time Long term value, when you own your stock for a longer amount of time.
- Stocks, individual stocks that you normally trade. Index, a bundle of a lot of different stocks
- Retirement account: Something where you put a little bit of money in each year for after you retire. The money builds up over the years if you keep putting money in it.
1.Right now is the best time to buy stocks because there down so much you can buy them for a lower price.
2.The market is doing so bad that when it goes down 7% there is no trading stocks for a certain amount of time.
- If you owned a stock before all of this happened you should buy more stock when it’s cheaper.
4.Some stocks that went up a lot during this are:
Personal care stocks such as Clorox clx
Work from home stocks such as zoom zm
Streaming stocks such as Netflix nflx
Workout stocks such as peloton pton
Home delivery Amazon amzn
5.Some that went down a lot are:
Restaurants such as Mconalds mcd
Consumer goods like Apple aapl
Retail stores like gap gps
Food service companies like Aramark armk
Cigarette companies like Altria mo
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