A stock can go up, go down, or stay unchanged. How many possibilities are there if you own 10 stocks?
There are possibilities with 10 stocks.

Each stock has three possible outcomes: it can go up, go down, or stay the same. If you own 10 stocks, you can think of each stock choice as a separate event. Therefore, the total number of possibilities is calculated by raising the number of outcomes (3) to the power of the number of stocks (10), giving you possibilities. That equals 59,049!

To make it even more interesting, you could visualize it as a game where each stock can take a different path, leading to a multitude of investment scenarios. With each stock’s performance being independent, the combinations can spiral into a vast arena of financial strategies and outcomes, making it essential to keep track of your portfolio’s potential!