Prom

After reading the article on the expenses of Prom, I say that it's to expensive. There is no reason to spend more than  70 dollars for dinner. For 30 dollars and an earlier trip to Costco, I can make a soup better than the Olive Garden's spicy sausage potato soup. And limousine's are overrated. 80 dollars an hour for the cheapest one and a 5 hour minimum for prom? No one on this planet could convince me to spend 400 dollars for a drive to and from a dance especially if I'm not going to be in the car most of the evening. The tuxedo and dress prices are understandable since formal clothing has always been more expensive than everyday informal clothing, but I would rather buy a tuxedo than rent one in case I ever need to use it again.  

Job Shadow Video

Journal 9

The first transaction I made this week was with First Solar Inc. I bought 400 shares of this stock at $31.20 a share. The price for the stock has currently dropped down to $26.91 and is slowly making up the money I lost when I bought it at the higher price. I bought it at 31.20 because it's 52 week range showed  that it had potential to rise up to around $40 a share. I will continue to hold onto this stock until I recover the money I lost in trading it.

The second transaction I made this week was with Amazon. I've held onto Amazon for about 2 weeks now after buying it at $179.10 and selling it at $192.30 I trade with Amazon pretty regularly becuase it has frequent high swings and low swings. It will drop to a price inbetween $177 and $180 and will shortly after rise to around $189 to $194. I've noticed this swing is very periodic and have made profit off of buying when low and selling when high and then short selling when high and buying to cover when low.

Future

My plans for the future that i need to save money for is my senior trip, my first house, and an island off the coast of Chili

1 - For the Senior trip next year, i plan to go on a 5 day cruise and gamble away 500 dollars. I'll start with 100 dollars every day to begin with and put any winnings aside for later

2 - My first house will probably be a trailer house to hook up to the back of a truck. I'll spend about 25,000 dollars for one at most.

3 - the Isla San Pedro. A 16,000 acre island off the coast of Chile for 12 million dollars. Putting the money I get out of stock that I have planned for my future, I will purchase this island and live the rest of my days there.

Vocab 2

 Risk- Risk is the chances you have of losing money on a stock
I invested in a new company with a large risk. I lost $30,000 dollars

Overhead Expense- Permanent costs; expenses that will always be there.
Because my father owns the Napa store, he has the overhead expense of rent and utilities.

Production Cost- the amount of money it takes to make a product to be sold
For a PS3 to be made, equipment, labor, and resources have to be paid for.

 Budget Deficit- Spending more money than you make.
The U.S. has been in a Budget Deficit ever since the Clinton Administration ended

ipadio journal

Vocab 1

overhead expenses - Used to group expenses that are necessary to the continued functioning of the business but cannot be immediately associated with the products/services being offered.
production cost - the cost to have a consumer good made.

short sell - selling a stock that you don't own. The short seller gets basically gets a loan from the company that they short sell. If the price of the stock drops, the seller short covers the short sell and they get to keep the money from the loan without interest.

Mid cap- when a company makes in between $2 billion to $10 billion dollars.
Mid cap companies are less likely to file for bankruptcy than small cap companies

Large cap- companies that have a market cap between $10 and 200 billion dollars
The large cap company Apple makes many of the products used by many U.S. citizens