If this is the time to be investing in stocks, I don't want to be part of it. Luckily, we are dealing with monopoly money and i can take my investments to places that i normally wouldn't. If there is one thing that i have learned about stocks and trading of all kinds, it's that at a time like this, what with the scare of a recession, is that you should always invest in companies that you use on a daily basis.
After having a conference with my two other classmates Leah Rigs and David Greggo, we found out that Walgreen's is a type of company that will survive easily through a recession. It is companies like Walgreen's that will survive purely because the everyday consumer needs their medicine, and needs simple everyday utilities and amenities. We also discussed the fact that Google and companies of its kind are down in big numbers. Does this mean that there will be a turn around soon, or will there be a consistent decline in the investing of internet companies? For an amateur who has just recently discovered the stock market, which would include me, it seems that it might be a rough time to be investing. I still only know very little, but from what I have researched I have found that investing in the "everyday" company is a smart way to begin the stock nightmare. Fortunately we have all discussed this issue and realized that Walgreen's is the safe way to go for right now.
One thing our group did as an internet collaboration tool was use Yahoo Im. This was the easiest way to form a conference and be able to discuss all of our findings in one sitting. Using Yahoo Im was really easy and user-friendly. As of right now, i believe it is the best way to hold meetings with people who have tough schedules.
Monday, March 3, 2008
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