On the website, howthemarketworks.
com I purchased stocks including Bank of America,Best Buy, Gamestop and many others. I based my choice on what stocks to buy simply on what I believed would become popular throughout the holidays. I purchase 20 shares from Bank of America. Bank of America (BAC) is one of the largest financial institutions in the United States and the world, with lending operations in the consumer, small-business, and corporate markets in addition to asset management and investment banking divisions. I observed that I have profited the most from this company (8.93%). The company was at its highest price on December 5th. Following Bank of America, Best Buy (BBY) was the company I profited thesecond-most from.
Best Buy is the largest consumer electronics retailer in the United States, withproduct sales representing almost 16% of the $221 billion market in calendar 2016 based onestimates from the Consumer Technology Association. The company is focused on acceleratingonline sales growth and improving the multichannel customer experience. I purchased 5 sharesfrom this retailer with the end result being a 4.43% profit.Gamestop (GME) is a U.S. multichannel video game, consumer electronics, and servicesretailer.
This was where I had my only and biggest loss of money. I purchased 20 shares and on December 4th was when the company had a drastic price change.Other companies I invested in included The Hershey Co. (HSY) who is a leadingconfectionery manufacturer in the United States (about a $24 billion market), controlling nearly 46% share of the domestic chocolate market, which I purchased 18 shares from. The Coca Cola Co.(KO) is the largest nonalcoholic beverage company in the world, with over $30 billion in annual revenue, which I purchased 32 shares from. Southwest Airlines (LUV) is the largest domestic carrier in the United States as measured by the number of originating passengers boarded, which I purchased 26 shares from.
Netflix Inc. (NFLX) is a streaming video on demand service and delivers original and third-party digital video content to PCs, Internet-connected TVs, and consumer electronic devices. I purchased 13 shares from Netflix. iPath S&P (OIL) is a company dealing with crude oil, which I purchased 20 shares from. And finally Target (TGT) a large retailer in North America, with about 1,800 units across the U.S. Its large-format stores offer general merchandise and an assortment of food products, which I purchased 17 shares from.
Purchasing stocks is not the only way to save for retirement. You can save for retirementby saving from the age of 25, not practicing early withdrawals and many others ways After learning what I have learned from this stock market website, I would have never purchased stocks from Gamestop due to how much I have lost with them. I have had a loss of 6.90% while my other stocks (in the end) I have only profited from. And in the future I will make sure to invest in researching a company to positively impact my future.