Question

Before you purchase any stock, it’s a good idea to decide on a strategy for how you want to handle your purchases. What do you think of when the word strategy is used? Can you describe one stock ma

Answer 1

Strategy means a plan to achieve an objective. The goal of the strategy in a competitive market is to gain a competitive advantage over competitors. Strategy is especially related to the management of organizations: a good strategy is important in warfare and business management, for example. Also in chess and other strategy games, game strategies are central. In the case of investments, a strategy involves an investment plan designed to meet the investor's objectives.