Daily Blog: Jan 12, 2021- Alex Karni

Today was yet another information packed day. I was really happy to get on the zoom call because our topic of the day was investing and options. Ilan came in and had a presentation ready for us. I learned a lot about what to do when it comes to putting your money on the line when buying stocks. The key to staying organized is creating a spreadsheet and keeping a log of every single investment you have made. It is proven that seeing what you've done right and wrong all on one page is extremely helpful. Then, we got into options, which I had little to no idea what they were before, and now I am ready to practice buying and selling. An option is basically a bet were you say that a stock is either going to go up or down. A call option gives the holder the right to buy a stock and a put option gives the holder the right to sell a stock. Options are a major risk but a great way to improve your portfolio and get money fast. Somethings that Ilan ensured we do when we buy and sell stocks is to reflect after every buy and to always be in a good mood when buying in order to be clear minded. After this, we had a discussion over the book Why Didn't They Teach Me This In School? and we went over housing lessons and principles. One important principle that I took away from this discussion is to always buy less house than you can afford. As Dr. Ott has said many times over the course of the J-Term, "You want to make sure that you are not house rich and cash poor." After reflecting on this day, I have learned how to be smart with my money, how to invest properly and staying organized, and lastly what to expect down the road of your financial future. 

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