Blog 3: Progress

So far we have made quite a bit of progress, I created an e-trade account and I have looked at many penny stocks that we might be able to invest in. The only thing is that I'm not sure how we should decide which penny stock we should invest in, this is due to a lack of experience, the main thing that makes me uneasy is that I don't know if we should invest stocks that appear to be going up or we should go for stocks that look like they have hit rock bottom and will only go up. We will probably split up my money between different stocks to hedge our bets and we will see which one performs the best and the ones that perform best will be the ones that we end up investing most of our assets in. That is all the progress that we have made so far and a little of what we hope to accomplish in the coming weeks.

Checking in

Seedorff:

Interesting idea. How will you record and measure your progress? Have you found any resources that might prove helpful? You may consider getting a subscription to a print or online periodical or see what the library has or is willing to order. Any ideas for who a good mentor could be?

PS There are some interesting podcasts out there about this stuff. I can't attest to their reliability because I know nothing about investing but you might want to check it out. Also, Planet Money might be of interest to you as well.

Week 2 of the Stock market

   1.       How can someone make a living off of the stock market?

   2.       What is the barrier of entry into the stock market

   3.       Is getting into the stock market a viable high school job?

   4.    Is there a gender pay gap in the stock market and if so how large is it?  I like hearthstone   

Week 1 blog post Stock Market

I at last convinced my friend that we should play the stock market together as our 20-time project, because I think that it is really interesting and I really want to learn how the stock market works and how I can get money from it. We just recently decided that we are going to play and learn about the stock market, so we don't have any successes, shortcomings, we haven't accomplished anything, and we haven't had anything go wrong so far. Next week during the week I want to research what companies we should invest in and the process that we should take about when to sell and when to buy. I just recently set up my account for trading in the stock market and next week I hope that I will be able to start trading and we can start making some cold hard cash. The final goal that I wish to accomplish is that I want to get 500% returns, but I doubt that I will be able to accomplish that in this amount of time.