Back when I was in college working towards my business degree, I took an Investments class. While it was interesting to learn about how the most popular investment vehicles work, my favorite part of the class — by far — was when we got down to trading stocks (virtually speaking). Each student received the same amount of fake money to start with, and we tracked trades with a special software program. I ended up finishing in fourth place (out of 38 students), which wasn’t bad at all, and I got an A in the class.
While I’ve never attempted to try my luck in the real stock market, I do have the opportunity to try my hand at virtual trading again. That’s because MyWallSt.net is hosting a fantasy stock trading contest called the Rookie Challenge, and it definitely sounds like something I want to participate in!
MyWallSt.net is a social networking site for people interested in learning the ins and outs of investing in the stock market. It’s 100 percent free to join, and it gives you the chance not only to find out what investing is all about without having to put real money at risk, but also to interact with others in the community to learn from their experience and expertise.
Plus, MyWallSt.net has cool promotions like the Rookie Challenge. As with the site itself, the Rookie Challenge is a completely free perk to MyWallSt.net members. Registration is free, participation is free, and you’ll even get a free hat once your registration is processed. Best of all, by playing in the Rookie Challenge, you’ll have a chance to win the weekly $1,000 cash prize, which is given to the participant who increases the value of his or her portfolio the most for that week. Very cool!
I totally want to do this, so I better start checking the financial pages a bit more closely from now on! I would love to see you guys involved too. Just head on over to MyWallSt.net right now and fill out the registration form. Maybe one of us will win a $1,000 prize!