Continuing My Study

I have more incentive to continue my new skill now that the class is over. I will use youTube and other articles to find as much information as I can. Even though my high school does not offer a finance course, I feel that I can hone my skills just as well by utilizing what I have learned in the New Media and Digital Identity course.

I have yet to spend money investing in the stock market. But I have done some research to see if I could pick the right stocks. I have looked into Staples (SPLS) Inc. in the NASDAQ. I chose Staples thinking it would go up because of the usual annual back to school sales. Other resources for back to school sales are Target, Office Depot, and Bed Bath & Beyond, particularly for college-bound students. I like Staples best because it’s a more recognizable brand. I researched how many stores they had, and then I saw two articles that said the first quarter report of 2016 had them planning to close 50 stores. Last year they closed 73 stores. I wondered why they would be closing stores. Perhaps because companies like Amazon, ship everything to your house. On top of that Amazon Prime ships things for free. In the Wall Street Survivor Game we played I decided to invest in Amazon instead.

This process of thinking got me into first place. I bought 50 Amazon shares and sold them the next day. If I had just invested in Staples without background knowledge. I would maybe not have been so lucky.