Financial Literacy growth
Transcript: We were originally at 56 as our place in the Stock Market Game, but we brought or place up by diversifying our account a lot more. We ended at 36. Our accomplishments also include our stock success. even though we didn't get in last place, we didn't get in first and we need to improve in how we invest we were warned diversification was a big part on how we do, you don't want all your stocks in the cleaning buisness because if a stock is down, there is a risk that all the stocks in that industry is down too we also need to work on investing in bonds and mutual funds too because the can make you big money. we purchased the Facebook stock and got really frustrated because we wanted to sell it, though we learned that that wasn't a good idea so we kept it and it got into the blacks when it came to bonds and mutual funds, we weren't the best, all we wanted to purchase was stocks, unfortunately that didn't work out with the requirement of decent diversification Success Diversification good rankings when our stocks, bonds, and mutual funds got us money we were not in negatives in the end Accomplishments Examples in the beginning we only purchased 10 shares of stocks at a time, towards the end we purchased shares in groups of 25 courage to explore because we invested in mutual funds we weren't sure about, they were tax mutual funds that we guessed on, they turned out to make us money diversification was a challenge at first because we wanted to make money, we purchased the same stocks, mutual funds, and bonds that were in the blacks. How we could grow more. We planned to diversify our account so that it was: 25% stocks 25% cash 25% bonds 25% mutual funds That didn't work, so we moved on to diversifying our stocks and bonds specifically. We now have several different industries. Our industries are: Cleaning Food and Beverages Entertainment Home Improvement Clothing Frustrations Examples of Success Financial Literacy growth Stock Market Results