week 3 journal
Buying stock worth $7,001.5 @ $25.46
Debit ($) Credit ($)
Treasury stock 7,001.5
Owner bought $7,001.5 stock from ABB Group’s existing owner
Buying stock worth $7996.12 @ $42.76
Treasury stock 7996.12
Bought $7,996.12 of stock from ABM Industries’ existing owner
Buying stock worth $9,992.71@ $71.89
Treasury stock 9,992.71
Owner bought $9,992.71 of stock from Barnes Group’s existing owner
Treasury stock 24,990.33
Owner bought $24,990.33 of stock from the three companies’ existing owner.
It is not actually possible to invest $25,000 because it is not possible to buy a fraction of shares.
I am investing in three companies, that is ABB Group, ABM Industries and Barnes Group.
I am investing in an amount of $7,001.5 for 275 shares, each share going for $25.46 ABB Group. In ABM Industries, I invested a total amount of $7996.12 for 186 shares @ $42.76. In Barnes Group I am investing a total amount of $9,992.71 for 139 shares @$71.89. The reason as to why I invested in an amount of $7,001.5 for 275 shares, each share going for $25.46 ABB Group is because it is a big global company and is actually in the list of the globe’s most liked companies [Gilbertson, 2013]. It has outlets in 100 counties of the world. It has also exists in the international market for at least 23 years and still performing very well. This gives an assurance of earning good dividends for the investment in the company since it is highly profitable. The future of the company is also certain that it will continue to earn good profits and maximise shareholders’’ wealth.
The reason as to why I invested a total amount of $7996.12 for 186 shares @ $42.76 in ABM Industries is because it has operated for over 100 years and is still one of the biggest providers of facilities in the United States of America (USA). It also has other international outlets. Ti has also diversified its services to offer a wide range of services. Thus, it is assured to earn profits and a continued growth due to the long existence in the markets and the various services that it offers in the market. Thus, it is worth investing in for better dividends or returns.
The reason for investing a total amount of $9,992.71 for 139 shares @$71.89 I Barnes Group is because Barnes Group is provides great and very important services like processing or aeroscopes as well as technological services. It serves both markets and individual customers [Haber, 2003]. The past has shown that the company has been performing quite well and therefore, it gives an assurance that there will be good dividends or returns