I feel like I’m back in high school again. My senior year, I had to take Economics. Like many other high schools, we had the tradition of playing a mock stock market. Our teacher was the stock broker, and he processed all of our trades. We were given a certain amount of “money” to invest, and using the real turns of the stock market, the person with the most money at the end of the trial “won.” I don’t remember what the prize was… I think it may have been bonus points, or being exempt from the final. All I know is that the stock market did not perform well that semester, and I did not win.
The whole point of the exercise was to learn about the stock market, and how it worked, what it’s like to invest, and what can happen with your money. If you didn’t play a mock stock in your high school days, you still have the opportunity. All you have to do is register for MyWallSt.net, and sign up for their rookie challenge. You’ll get $100,000 to invest any way that you want to. You can follow the progress of your portfolio, and the portfolios of other participants. Even better, at the end of the week, the rookie member with the highest percent gain in portfolio equity for the week will be the winner of $1,000.
Sounds good to me! I’m off to start investing my fake money… who should I buy stock in? The company I work for would be an obvious choice if they hadn’t recently de-listed from the stock exchange. I worked at McDonalds in high school so I “bought” stock in them, as well as a few other well known companies. If you decide to participate, be sure to let me know how you’re doing!