Glen bought XYZ stock on November 8, 2012, at a price of $39.20 and then sold it on March 19, 2014, at $11.20. Glen can be classified as a speculator.

Question

Quizplus · Accepted Answer

A speculator is someone who invests in stocks or other assets with a high degree of risk in order to make a profit from short-term fluctuations in prices. Glen held the stock for over a year, which is considered a long-term investment, and the loss he incurred indicates that he was not speculating for a quick profit.

Glen Bought XYZ Stock on November 8, 2012, at a Price