Thursday, September 4, 2008
1870's Stockmarket Reflection
One of Mr. Coyle's Investment Tips that I think really describes my experience in this simulation was number 2.) You have to spend money to make money. At first I was conserving my initial $80, only investing in Durham Tobacco, because I thought it was a safe investment. But by about the third year, I realized that the people making the big money were the people going out on a limb and speding their money on stocks, NOT trying to keep their eighty dollars. So, I then invested in John Deere. And then Drexel Morgan, which I ended up making a lot of money off. Had I continued to stick to my one-company investment plan, I would have made A LOT less money then I did by the end of the game. So the lesson leanred is that stocks, and their values are, in the long run, a whole heck of a lot more valuable than just plain money, so you should invest and take risks to make the big bucks.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment