The first stock I purchased was General Electric (75 shares, $26.02 ach). General Electric is a company with a very wide range of products (from hospital equipment to engines used in the military). In the past year, General Electric reached a high of just over $28 and then dropped to $24. Since then it has been on a slow but steady incline. The same goes for the 5 year view. General Electric has made a slow but steady incline, and it is not at its highest point. Tis does not guarantee that it will not fall, but I am willing to take the risk. Another benefit from buying this stock is that it has an approximately 3% dividend (about $0.88). If General Electric continues at this incline I predict it will go up $2 in the next few weeks.
The second stock I purchased was AeroVironment Incorporated (5 shares, $38.82 each). AeroVironment is a company that engages in unmanned aircraft systems, tactile missiles, and efficient energy systems for various companies including the government. I believe this is a great stock to invest in because it is one foot ahead of technology and I believe they will be in business and even potentially grow at time goes on. At the time I purchased this stock, I had not learned about the emotional swaying and patterns they follow, one of the, being that when they are at the highest they have ever been, it is likely they will drop. Since I have bought these shares the price has been making a steep decline and if I see no changes in the next week I am going to sell my shares.
you know a lot about this type of stuff :) I think you made a good choice I the two stocks you have invested in so far!
ReplyDeleteI like that they cover a wide variety of target groups! I bet you will do very well!
ReplyDeleteI think you did a good job of researching your stocks. Great job.
ReplyDeleteAwesome job, I really like how you invested in stuff that won't go out of use.
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