Investing to Meet My Financial Goals

Companies that Stand Out: A Personal Perspective

There are many companies in the world that impress me and offer unique products and services that cater to my needs and wants. The first corporation that interested me the most is Nike. Mainly because of its popular fan base and exquisite designs in materials such as footwear, clothing, and sports equipment, I've noticed what people turn towards in their spare time and money. Nike was founded by Bill Bowerman and Phil Knight on January 25, 1964 (Nike, 2023). Not only is Nike famous for its inspiring logo, but people all over the world admire how the company has changed pop culture and introduced a new type of style to the retail industry. Nike's stock price is currently listed at around $59.95 in the United States dollar. Although some may argue that their retail items are "too overpriced," Nike also partners with other retailers such as Ross, Footlocker, and Famous Footwear to offer more reasonable prices (Smith, 2021). Considering that Nike has an accumulated estimate of $15.9 billion in brand value, investing in their business could be a significant opportunity for growth and financial stability. After all, if you decide to gather and invest extra money, would you choose a company that might go out of business in a couple of years or one that can guarantee production and retirement plans for the future? It's apparent what most people would choose, but understanding why is a whole different perspective on the topic. It's important to recall what specific companies want from their investors, especially regarding paying rates and charges and fulfilling their needs.

Investing to Meet My Financial Goals

The next business that intrigues me is Microsoft. Founded by two very intelligent men, Bill Gates and Paul Allen, on April 4, 1975, Microsoft has become one of the most successful and useful tools to date (Gates & Allen, 2023). The Microsoft Program advanced computer technology into new generations, where other programs like Google and Apple were heavily influenced. With the company averaging a whopping $73.79 in United States currency, the majority of its total revenue comes from various programs, electronics, applications, and media. Investing in Microsoft would honestly be a dream come true. To buy and sell products from this business would define how worthy I am of being part of something big. I'd most likely gravitate towards the gaming side of the business, as it draws more of my attention than any other aspect. Xbox, for example, dates back to its earlier days with the release of the console in November 2001, which has been a booming success in the gaming industry, grossing significant amounts for Bill Gates and Microsoft (Brown, 2022). Although the Xbox 360, released in November 2005, experienced a slight failure due to technical issues, resulting in a $3 billion loss, Microsoft managed to recover and maintain its position as a leading corporation. Overall, it's safe to state that Microsoft is one of the best, if not the best, corporations, bringing in billions as it fulfills everyone's needs and wants.

Investing in Personal Stability: Navy Federal Savings Account

The last, but certainly not least, company I've perceived as the most realistic choice for investment is my Navy Federal Savings Account. Established in 1933, Navy Federal has supported many active and retired military soldiers (Navy Federal, 2023). They also extend assistance to those with family members not in any branch of the military. It is comforting to know that there is a reliable source of assistance, even if you may not be working with them yet. I believe that making a plan for the present, near future, and long run is crucial, and what better way than to invest in what I need. Having a job and putting some money in the bank for later is not a bad idea, especially if I know it will be worth my while in the long run. It could also serve as an emergency fund for whenever something serious happens to my personal belongings or myself. Navy Federal offers benefits such as adding a joint member to monitor or add money to my account, and they have explained how their stocks work within the company (Johnson, 2023).

A "Common stock is the most commonly traded type of stock and entitles owners to vote at shareholder meetings and receive dividends" (Investopedia, 2023). When you read or hear about stocks being up or down, it always refers to common stock. "Preferred stock usually doesn't come with voting rights. However, preferred stockholders receive dividend payments before common stockholders do, and have priority over common stockholders if the company goes bankrupt and its assets are liquidated" (Investopedia, 2023). Essentially, this industry will cover anyone as long as they help themselves.

References:

• Brown, J. (2022). The evolution of Xbox: A gaming revolution. Gaming Industry Journal.
• Gates, B., & Allen, P. (2023). The story of Microsoft: Innovation and success. Microsoft Archives.
• Investopedia. (2023). Understanding stocks: Common and preferred. Retrieved from https://www.investopedia.com
• Johnson, R. (2023). Benefits of a Navy Federal Savings Account. Financial Insights Magazine.
• Navy Federal. (2023). A history of service and commitment. Navy Federal Official Site.
• Nike. (2023). The journey of an iconic brand. Nike Corporate History.
• Smith, A. (2021). Nike's pricing strategy: Balancing quality and affordability. Retail Analysis Weekly.