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Economics reflection
The importance of economics in our daily lives
The importance of economics in our daily lives
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May 21, 2017 Reflective Essay Alex Skiles
The purpose for this reflective essay is to inform you the reader as much as I can. On the stock market game I had in Econ in spring of 2017. One of my goals for the stock market game was to invest in at least two companies. Another one of my goals were to find ten companies and and decide whether to invest in or not invest in. Another goal was for me to create ten annotated bibliography on at least one of the two companies I decide to invest in. And meeting these goals and more I will explain.
My development as a student in Econ has progressed and I would if I could try playing the stock market game once again with my teacher Mr. Fulk. I grew in this class with the help of my teacher Mr. Fulk and his teachings. Growing to become a better consumer with the help of my teachers teachings and looking into something like the stock market game. I have learned much because it helped with me taking notes in class and referring back to them etc. For instance supply and demand that the demand is the consumers and supply is the producers.
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For my future academics and life pursuits I think something a went over will pop up for sure because economics is everywhere. Going back to the goals I talked about I did meet them all in time. I invested in at least two companies one was Dicks Sporting Goods and the other was World Disney Corp. I also found ten companies that I chose not and chose to invest in one for example I didn't invest in was CBS Corp. And the other goal I mentioned in my introduction was creating ten annotated bibliography for one company I invested. So I did I found ten for the World Disney Corp and wrote about
"Who Should Invest With Us - Edward Jones: Making Sense of Investing." Edward Jones. Web.
The company, General Mills, for which I was assigned, proved to be a worthwhile investment researching since it contains a large portion of the market share of its “niche,” that being breakfast cereals and the like. In conducting the research necessary to find out if a potential investor might strike interest upon General Mills, we find out a myriad of things. By drawing our attention towards the spreadsheet, which contains the bits of information we need to infer conclusions, we can see the patterns that develop over a 5 or 10 year period involving such things as: stock price, EPS, ROI, and many others. The following will give some insight into the history of General Mills among other things.
Where I thought Money, fame, glory and power where my goals. I dreamed of becoming the CEO of Northwestern Memorial Hospital. Moreover, the reason was that currently their CEO makes 14.5 million a year. Growing up I always assumed making more money would make me happy. As I grew up and started, working the goal was always to make more money. For instance, my first job I made $15 a day. I would tell myself if I only made $30 a day, I would be able to do this or that. As the years progress I went on to tell myself if I only made XX amount of dollars my life would get better. Now that I am making a decent amount of money now I can say okay life is better but it is not the money it is my lifestyle and my son that has enhance my
Bodie, Zvi, Alex Kane, and Alan J. Marcus. Essentials of Investments. Ninth ed. N.p.: McGraw, 2013.
In order to make the most logical and beneficial purchases, it was first important that I fully understood the terminology used within the stock market. Words such as blue chip stock, mutual fund, stock splits, and ticker symbol would all prove incredibly important for me to understand if I was to do well within the game. For example, the first stock I bought, Disney, taught me the definition of a ticker symbol - in Disney’s case, DIS. This enabled me to quickly identify other stocks by their ticker symbols as well, and I soon became familiar with the term. In addition, when I bought Coca-Cola, I soon learned its financial importance as a reliable blue-chip stock, as it and other stocks like it proved profitable for me. My class was also required to buy a mutual fund, and in doing so I learned how exactly a mutual fund differs from a stock, the positives and negatives of buying one, et cetera. In addition, my knowledge of the history that places like the NYSE contains proved incredibly important towards my success within the game. Because I learned about the NYSE’s foundation and the many people who worked to make it what it is today, I was able to fully appreciate the importance of the stock market as I moved through the simulation. This, in turn, helped me take the Stock Market Game seriously and not waste any of my money on stocks that I considered
Johnson, G., Scholes, K., Johnson, G. and Whittington, R. 2011. Exploring strategy. Harlow: Financial Times Prentice Hall.
What is the most important concept that you learned in this class? Write this for a reader who is unfamiliar with the concept.
Over the course of this class I have pieced together many things about my own life that before went unnoticed. I am now able to see things in a bit of a different light. Now that I have been introduced to the realm of psychology I understand some of the reasons for behavior around me. I have learned that there is a reason for most everything and a lot of our behaviors and mental processes can be explained through psychology. Studies have been conducted for many years to try and pinpoint the source of our behavior and it is not something that most people think about every day. Having a better understanding of why we operate the way we do will help me to better understand myself and the others around me.
This assignment is concerned with your understanding of the key issues relative to portfolio analysis and investment. In completing this assignment you are to limit your scope to the US stock markets only. Use the Cybrary, the Internet, and course resources to write a 2-page essay which you will use with new clients of your financial planning business which addresses the following issues and/or practices:
We analyzed the market for two weeks to determine when the equity market would turn from a bearish to bullish market. Without a change in the market and a declining bond price, we decided to invest in equities according to our investment strategy, which brought us into the second phase of our portfolio. Therefore, at the beginning of February we bought shares in Sirius, Microsoft, Neon, Washington Mutual, and Nike. As assumed, the equity market continued to plummet decreasing the value of all our stocks except for our Gold Corporation stock.
This gave me pivotal insights into inefficiency of financial markets nowadays. I believe that there are still large unexplored areas of the stock market, which can be interesting for my further
I became an enthusiast of finance ever since I was at high school. At the political economy class, my teacher asked us: if you have a million RMB, how would you use it? She then introduced us the concept of investment, and I was intrigued specifically by the stock. For the latter two years of my high school, I have been reading books and articles regarding the stock market in the U.S. and in China. As one of the outstanding students ranked top 1% in College Entrance Exam in Hainan Province, China, I was accepted by the City University of Hong Kong with a full scholarship. With the strong interest in finance, I chose quantitative finance and risk management as my major.
The cost of changes is divided into several groups, which include various elements associated with the stages of investment in the project.
My goal is the final destination of my financial success. It is to be able to pay bills without worry, be free of debt, have enough money for my kids to go to colleges and help other people with my financial resources.
...elieve simply writing these goals out will manifest themselves and I look at where I came from to where I am now and where I can be in the future. I am very enthusiastic about advancing both in academia and career wise above all I am excited about the positive affects my journey will exsanguinate to others clients, family members, friends, and colleagues. As these people will positively affect my journey too in my point of view most things are circular and transactional. We all contribute to each other one way or another.