Today, as I watched my portfolio drop into fourth place, I reached a state of brief enlightenment.
"Why play it safe when there is nothing to lose?" I asked myself.
I realized that I always try to play by the book. So why not break every investment rule?
I have sold all of my shares of Dell, Wells Fargo, McDonalds, etc, and have decided to invest in risky stocks. Specifically, I have decided to choose the most volatile stocks possible due to the game's short duration.
Volatile stocks are ones that have drastic changes in their value, and therefore offer greater return (or loss) than safer, more stable stocks.
Therefore, I have invested in the following companies:
Pioneer Drilling Company-a drilling company ($7.24 per share).
Patriot Coal Company-a coal company listed as one of the biggest gain and decline stocks ($2.25 per share).
Genworth Financial- an insurance company that has faced some troubles ($5.34 per share).
Great Mountain Coffee Roasting-a coffee company based in Vermont ($23 per share).
Although companies, like Patriot, faced drastic drops in the price of their shares, these stocks offer me a greater percent return on my investment. So, I bought 5000 shares.
In conclusion, do not be surprised when you see me drop drastically. Do not be surprised when I suddenly jump into first place.
Because I'm going big-not going home.
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