Personal Finance 2007Chapter 8: Saving and InvestingNAF Case StudiesHarvey has made and lost fortunes in the blink of an eye. He believes in taking big risks to make big profits. That means buying into situations in which stock prices could go up or down. Harvey does not believe in holding on to shares for a long period of time. His motto is, “Buy and sell as soon as you make a profit.” Harvey also doesn't care about stock dividends since he never keeps a stock long enough. He wants stocks whose price changes frequently. Apply Do you think Harvey has a good investing strategy? What are the pros and cons of buying and selling as soon as you make a profit? |  |
