
Business report: tracking my investments
Loblaw.inc is a Canadian grocery store company. The grocery stores we can associate with this company are Loblaws, Provigo, Maxi, Maxi&Cie, The Real Canadian Superstore and many more. Loblaw provides a one-stop range of corporate stores and franchised stores that holds food and everyday household needs. There is also, for the customers, a chance
I started out with 70, 000.00 $ in bank and invested in Loblaw Company Limited by buying 50 shares of 35.00$ each. I began this investment on the 2th of December. I thought this was a good company to invest in because I work in one of the many franchised stores and saw how, in my store, things where going well financially.
I was wrong to think that because the moment I began my investment, I was already loosing my money. When I started, the change section in red and was at -3.62. However, I did non change companies, having a little bit of faith in this one that it would make me some money. From week to week, I saw some improvement in the change section. I kept going higher as I kept checking how where. It when from -2.46 to -1.11 and when I checked today, it was at 0.00. I kept checking throughout the day, and as I predicted at the very beginning, I have made some money out of this. At the moment, the companies change is written in green and is up to +0.22. I have made, in four weeks, 1,431.81 $.
In conclusion, I find that I have made a good investment and if I would continue, I would probably end up making more money since every week an improvement was present. However, I do not know for sure if the company will always improve.
I do recommend this company to potential investors because I did see an improvement in this short period of time. I do think that it will continue improving for at least a couple of months from now seeing that in only one month it has. I suggest not buying to many shares to see how things will go and if an improvement is shown, to purchase more.

No comments:
Post a Comment