There is something almost reassuring about last place that comes through knowing you can't really do any worse.
Today in class, as I sat comfortably in 6th place, I tuned my attention towards diversification. I purchased shares from all sectors of the S&P 500. This actually wasn't an unprofitable decision. I ended up posting gains in six out of ten of them.
The least profitable of these requisite stocks- at least today- was that of the energy sector. That seems logical. Although the U.S. economy appears to be gradually improving, the Euro Zone remains unstable and so the world markets remain unstable. Any time this happens, losses can be expected across sectors with the energy sector, often the cornerstone of others, in an especially vulnerable position. I lost a lot of my money today by increasing my share in Apple, whose stock dropped steadily throughout the day.
While I'm not overly concerned with my nearly .5% loss yet, tomorrow I'll reevaluate my purchases and perhaps sell some of my less than profitable stocks.
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