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Really confused on stocks?????? |
this is a school project, i understand most of the project except for how many shares i have. if you invested 5,000 into a "company" then take the 5,000 and divide the closing price into it. Your answer will be the how many shares you brought. You only do this the first time to get your shares of stock for this project. deduct the closing cost from $5000 then divide it using the price per share at the time when you bought the stock. That is how much stock you have. Go to a broker like Schwab or Ameritrade or Etrade that offers paper trading. They may let you download such an account from their website. Then you'll have all the tools, charts, etc, and can instantly see what you have and how it is doing. $5000/company invested in. You mentioned you know what the Closing Price was of each company, but that ultimately means nothing unless you are a Mutual Fund or engaging in after-hours trading. I am assuming you are not making Limit Orders, and since this is just a class project, the open price for the following morning should work. Each $5,000 divided by the closing price should tell you the amount of shares you have in that stock. Do that for each stock |
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