Back in High School, for half a year, we worked with stocks. We were given a set amount of money to invest in 3 different companies and we had to track them for the semester. We were allowed to sell and buy a new stock once per company after midterm. At the end of the semester, we wrote up papers about our results, what we thought influenced our stocks, etc. It was definitely an interesting project and piqued my curiosity about investing.
Ryan and I always talk about investing if/when we have a decent amount of extra money to do so with, but truth is, we wouldn’t know where to start. I think that’s why I was really interested when Kristi mentioned this Fantasy Investing game.
MyWallSt.net is home to the rookie challenge. Registration and participation is free! Participants are given $100,000.00 to invest however they choose. The process is limited to buying and selling, for a basic understanding of the system. Data is based on a 15-20 minute delay, and operations are Monday thru Friday, 10am-4pm, same as real life operations.
It’s a great way to get a decent understanding of how things work, and I haven’t mentioned the best part yet–real cash! Every week, the top-ranking Rookie in each of the six categories gets a cash prize of $1,000. I’m pretty sure you can’t argue with that.
Remember, registration and participation is free. Registrants receive a free hat, and participating offers you a better understanding of investing! Something you might actually be able to use. Vigorous participation could find you $1,000 richer!
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