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Personal Finance 2019: Day 8


Today in personal finance we worked entering more numbers into our life game and ensuring all of the numbers were accurate and in preparation to begin playing and rolling the dice next week. There were also two presentations given, one on first time home buyers and the other on fundamental analysis versus technical analysis of a company. The presentation given on first-time homebuyers was by Tommy and Blake. They talked us through some of the common mistakes that first time home buyers make, involving budgeting, down payments, credit ratings, etc. Furthermore, they explained how not to make these mistakes and different ways one could correctly approach first time home buying. Another topic that was covered in the presentation were the different types of loans available when buying a home. The three that were talked about were FHA loans, VA loans, and USDA loans. Later, Dr. Ott gave a wonderful presentation on the complex topic of fundamental analysis versus technical analysis. Essentially, fundamental analysis, “is a method of evaluating securities by attempting to measure the intrinsic value of a stock” (Investopedia). This is ideal for people who prefer to know the whole picture of things, prefer to be in control, and enjoy the personal aspects of business. There are many steps to performing a fundamental analysis that can easily get difficult and complex quickly. On the other hand, technical analysis does, “not attempt to measure a security's intrinsic value, but instead use stock charts to identify patterns and trends that suggest what a stock will do in the future” (Investopedia). To get a better understanding of what these two terms mean we will be researching a stock that we have invested in and are interested in to perform a fundamental and technical analysis of the chosen stock.

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