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... I purchased stocks that I think had normal risk. ... As it got closer to the point that I had to sell my stocks my risk averse increased, because I wanted to make as much money as I could to pay off all my debt. ...
For the simple fact that I am a college student I am not very knowledgeable on which stocks to pick and how many should I choose. My father knows a lot more about stocks then I did so I dealt with diversification by asking his advice on how many stocks to choose. ... Diversification is important so that if one or a couple of my stocks that I picked experience a decrease in price, hopefully the other stocks in my portfolio will decrease these losses with the gains of the other stocks. ... My father explained that owning 6-10 different stocks in various industries is also a smart thing to do. For example, I should pick different stocks from the automotive, technology, international industries. ...
To decide just which stocks I wanted to buy I used different methods of research for this project. Since my father is so knowledgeable about the stock market I asked him a lot of questions on just what stocks to purchase. ... Since I am not very familiar with the stock market I decided to just jump in a pick stocks and learn. ... I also decided to enter the stock market at the beginning of the semester and I sold all of my stocks in the end.
Approximate Word count = 1202
Approximate Pages = 4.8
(250 words per page double spaced)
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