My Investment Strategy

My strategy is relatively simple at heart. The economy is in a recession, so I believe that most consumer related stocks - Apple, Macy's, etc - will fluctuate heavily but ultimately roll downwards. On the other hand, the stocks that represent necessity should rise. The necessity stocks I chose were Churchill and Dwight CO. (for household items including toothpaste), American Superconductor Corp (electricty), AKS (steel), Harvest Natural Resources (green energy - an up and coming industry), and Bank of America and JP Morgan (banking). About the banking thing: I realize that they were just bailed out, but people will still have to use it; in time, I think the stocks will rise in value because people will once again become dependent of it. I hope I'll catch that wave.

My Recession Spending

I don't think my spending will change much because of the recession. I don't spend much as it is. Every Friday I get a 20 dollar allowance, but I don't use it anywhere else besides at the supermarket for getting food at school. That's really it.