We move to week four of our stock journey at Freedom Finances and the results are looking a lot better! All accounts are up, and overall, we’re making up quite a bit of ground.
Our fund has dropped just over $188, which is a $150 improvement from a couple of weeks ago. These stocks are a great representative of the actual stock market. We we first started our funds in the middle of July, we were purchasing many of these stocks at record highs. Since then, the market overall has taken a steep drop, followed by a week and a half recovery period. Today, we see the results of a little less than two weeks of recovery, even in the stocks that are still in the red. Let’s review!
Bradley – Tesla (TSLA) loss of $176.15 (-17.62%)
While Tesla is still struggling, the growth stock is seeing strong recovery. Just two weeks ago, Share prices dipped below $200 after poor sales and performance reports. Those looking into TSLA should think about investing soon while the price is discounted. I assume that the stock will continue to grow over the next several months, continuing to be a strong long-term investment.
Dylan – GameStop (GME) loss of $79.81 (-7.98%)
GME is not a growth stock. GME is not a stock with an upward trajectory overall. GME is an enigma. Purely driven by waves of news (and a little financial performance) GME will move up an down? Should you invest? Make the choice yourself, but you might want to check out its history first.
Karrie – CPI Card Group Inc. (PMTS) gain of $6.93 (+0.69%)
CPI Card Group had a massive sell-off two weeks ago after a middling sales report. Since then, it has recovered mightily in just two weeks. It’s back in black, with future gains looking strong. This is a tough stock to evaluate its future, but CPI Card Group will have to continue moving forward with its technology to keep up.
Nick – ProShares S&P 500 ETF (NOBL) increase of $60.68 (+6.07%)
What more is there to say about NOBL? A S&P 500 ETF that is outperforming the S&P… This fund did slow down in late July, but less than the market. At $101.50, NOBL is at an all time high for the fund. Will it be able to continue moving forward without taking a dip (as it did in April)? Over the next few weeks, we will see our answer.
Keep following our journey each week to see who will end up with strong profits! To view our last week’s update, click here. To view our original post, click here.
