Monday, December 21, 2009
What I've Learn About The Stock Market Game
All together, I had a real interesting group for our game. And luckily, we chose some real good short-term stocks. The most knowledgeable thing that I learned from the Stock Market Game was that even though the objective was based on short sales of stocks, in reality short-term is not the way to go. Long-term stocks are less riskier and offer way more financial potential (profit). For long term, I would have keep my eggs all in one basket because it gives the stock more time to bounce back from any loss. All together, unlike some groups I would not have changed the stocks our group invested in, they actually did fairly well. However, we should not have short sold Toyota Motors, by doing this it brought us down. This simple mistake of selling can also give a negative affect when it comes to stocks. It taught me a valuable lesson, that purchasing stocks is not only a risk, but selling can often be just as equal of a risk. Overall, this game has taught me key concepts of the stock market and how it works, that will help me someday when it comes to the real-life version of my own Stock Market Game.
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