And so begins the journey of stock investment-- an enterprise characterized by its volatility and ambiguity. While not too much has occurred as of yet, I have started to select my trades. My primary goal in the initial stages of this project is to diversify, or in other words, acquire a myriad of assets. By collecting stocks from a variety of industries, I have less probability of experiencing an economic catastrophe if one stock loses most of its value.
I have mainly focused on three market facets: entertainment, food and pharmaceuticals. With the advent of summer in clear sights, it seemed a smart idea to select the first two markets. Disney World is likely to be soon inundated with tourists looking for some sun, and in their pursuit of fair weather, will also purchase a copious amount of food. Thus, I have invested quite a bit in amusement parks and food production companies like Nestle. The choice for pharmaceuticals stems more from whimsy. I enjoy science and medicine, so I decided to pursue stocks in the drug innovation market for personal, not economically sound, reasons. I look forward to harvest of my growing portfolio. It is small as of now, but I have confidence it will expand rapidly.
No comments:
Post a Comment