VOCABULARY-
Assets- Items of ownership having exchange values.
* I have an asset of having good stocks.
Accounts Payable- Business that is responsible for paying fees
*The accounts payable for Wells Fargo this year was low which was good.
Accounts Receivable-Business that gets money payed to them
* The accounts receivable for this year was very good so everyone got more money.
Amortize-Paying off of debt over a period of time.
* I amortized my car off finally.
JOURNAL-
2 transactions that i decided to make this week was that i decided to sell 2 stocks that i had previously bought. The first one that i chose to sell was Randgold resources (GOLD.) It's 52 week information was 70.18-120.73. Right now it is currently selling at 113.53. I bought this as a investment because it was constantly going up and when i had it it went all the way up to 119 per share and i was gonna hold onto it for a bit longer and see if it was going to go up but then it dropped down to 118 something per share and i sold it. Another stock that i chose to sell was Sirius Radio. I sold this because right now it is currently trading at 1.83 per share. I bought it while it was selling at 1.81 per share and i bought it as a trade because there was supposed to be a new technology coming out and i thought it was going to skyrocket. It's 52 week information is 1.27-2.44. At one point when i had this stock it was selling for 1.86 per share and i was thinking about selling it then but i took a risk on it and held onto it for a bit longer and i sold it for 1.81 per share which i pretty much made even on the stock.
* I amortized my car off finally.
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