It was STOCK DAY! I was so impressed with the choices made. Your portfolio is showing something important called DIVERSIFICATION.
What is that? Usually - students do the Omaha Billionaire Warren Buffett (Berkshire Hathaway) stock choice method of buying what you know. Nothing wrong with that, but it usually leaves teenagers heavy in consumer goods. If the economy is going strong, that can be a great ticket to the Top 10. BUT, as the DOW is suggesting today - the weather for the US economy is "mixed." Partly sunny but there are clouds building on the horizon. That is why it is good to have goods from different sectors.
You have medical stock, transportation, consumer goods and a service. You have diversification that might balance your portfolio if people slow down their spending - which as you noticed yesterday - weather is keeping people from Target.
We started some work on Diminishing Marginal Utility with eating chips - and we will complete that next week.
PLEASE COMPLETE YOUR HYPERDOC on Comparative Economics and do the journaling.
Watch the Market - Use bloomberg.com and watch Jim Cramer on Mad Money (CNBC network.)
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