Investing is like gambling. There are your high stakes, low stakes and the safe bets. No one knows if a stock is going to go up or down. To play it safe you can invest in a mutual fund or bond that is extremely low risk, but at the same time yields low returns. Like the tables in Vegas if you want to make the big money you've got to be willing to lose it. That means investing in stocks with a considerable amount of money.
Many people either don't have the cash or the gall to risk their savings on the market. That's where the yahoo Investment Challenge and the many spin-offs of it comes in. They front the imaginary cash, 100 Grand worth, and you put it where you like. The plus to this is that you have access to all of Yahoo's finance resources such as research and history. Also, play your cards right and purchase the right stocks you can win a 10,000 dollar prize for gaining the most money from your original $100,000 than anyone else. Be prepared though that in order to win you need to turn the money form thousands into millions. No easy feet. That's where the gambling comes in and also those research and history tools of Yahoo. Finding the stocks that go up isn't easy. If it was we all would be millionares by now.
This is a great way to learn to invest online without risking your own money. But, you also don't make any money, unless you win. It also is a great way to learn how to use the resources alomost all financial websites offer, such as research, news, charts, and history.
The Jist:
They give you $100,000 of play money in an account on the Yahoo finance website.
Each new game starts the first of the month until the last day of the month.
The one who makes the most money wins. $10,000 first place prize.
Yahoo Finance resources are at your diposal.
Good Luck!!!
Recommended: Yes
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