"You have to spend money to make money."
I feel that this quote relates to me in the stock market game we played. We started with only eighty dollars, but I managed to make it over two hundred dollars through buying and selling stocks. Part of this quote involves taking a risk, or spending money on what you think is a good investment. If you make the correct move, the money you spent can double or even triple in value. When Drexel Morgan hit a low of five dollars, some people thought I was crazy buying up that stock. However, when it spiked I made over fifty dollars per share. There was a risk that if Drexel Morgan had fallen farther, then I would have lost a lot of money. If you don't spend any money in investments, then you can never gain money if your potential stock rises. For every risk there is an equal and great reward. You can either take that risk, or stay happy with what you have, it's up to you.
Thursday, September 4, 2008
The Stock Market Game
Posted by Scott at 9:37 AM
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