Comments on: Want to Be an Active Investor? Try a Fantasy Stock Market Game First! http://steadfastfinances.com/blog/2009/05/20/want-to-be-an-active-investor-try-a-fantasy-stock-market-gam-first/ A Personal Finance & Investing 101 blog that delves into current events, consumer education, and techniques to improve your bottom line. Fri, 19 Mar 2010 02:42:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: How I Pick the Best Long Term, Buy and Hold Stocks | Steadfast Finances http://steadfastfinances.com/blog/2009/05/20/want-to-be-an-active-investor-try-a-fantasy-stock-market-gam-first/comment-page-1/#comment-9252 How I Pick the Best Long Term, Buy and Hold Stocks | Steadfast Finances Wed, 30 Dec 2009 05:40:52 +0000 http://steadfastfinances.com/blog/?p=877#comment-9252 [...] If you’re an inexperienced investor or simply don’t want to put in the time to do the research yourself, you should highly consider sticking to the Plain Jane index funds or test out your investor skills by starting a stock market simulation game. [...] [...] If you’re an inexperienced investor or simply don’t want to put in the time to do the research yourself, you should highly consider sticking to the Plain Jane index funds or test out your investor skills by starting a stock market simulation game. [...]

]]> By: Money Hacks Carnival #76 - The Land Down Under Edition | Man Vs. Debt http://steadfastfinances.com/blog/2009/05/20/want-to-be-an-active-investor-try-a-fantasy-stock-market-gam-first/comment-page-1/#comment-8522 Money Hacks Carnival #76 - The Land Down Under Edition | Man Vs. Debt Fri, 11 Dec 2009 13:36:06 +0000 http://steadfastfinances.com/blog/?p=877#comment-8522 [...] SF presents Want to Be an Active Investor? Try a Fantasy Stock Market Game First! posted at Steadfast [...] [...] SF presents Want to Be an Active Investor? Try a Fantasy Stock Market Game First! posted at Steadfast [...]

]]> By: bill http://steadfastfinances.com/blog/2009/05/20/want-to-be-an-active-investor-try-a-fantasy-stock-market-gam-first/comment-page-1/#comment-6894 bill Thu, 12 Nov 2009 21:58:31 +0000 http://steadfastfinances.com/blog/?p=877#comment-6894 Some of the real trading platforms will let you run paper trades on their real trading engines. OptionsXpress is one that does this. But your other commenter has a good point, when it's fake money the emotions are completely different. Some of the real trading platforms will let you run paper trades on their real trading engines. OptionsXpress is one that does this. But your other commenter has a good point, when it’s fake money the emotions are completely different.

]]> By: Stock Market Game http://steadfastfinances.com/blog/2009/05/20/want-to-be-an-active-investor-try-a-fantasy-stock-market-gam-first/comment-page-1/#comment-5494 Stock Market Game Thu, 22 Oct 2009 03:46:36 +0000 http://steadfastfinances.com/blog/?p=877#comment-5494 A few others that might be of interest to you: Umoo and UpDown Stock market games are good for learning the mechanics of trading, but they're not good at teaching you about discipline and money management (the real keys to success). A few others that might be of interest to you:

Umoo and UpDown

Stock market games are good for learning the mechanics of trading, but they’re not good at teaching you about discipline and money management (the real keys to success).

]]> By: The Pros and Cons of Investing in ETFs | Steadfast Finances http://steadfastfinances.com/blog/2009/05/20/want-to-be-an-active-investor-try-a-fantasy-stock-market-gam-first/comment-page-1/#comment-2971 The Pros and Cons of Investing in ETFs | Steadfast Finances Fri, 26 Jun 2009 03:52:56 +0000 http://steadfastfinances.com/blog/?p=877#comment-2971 [...] investment.  Plus, why would you want to pay a management fee on a 3x leveraged ETF when certain high beta stocks just as volatile without paying the management [...] [...] investment.  Plus, why would you want to pay a management fee on a 3x leveraged ETF when certain high beta stocks just as volatile without paying the management [...]

]]> By: SJ http://steadfastfinances.com/blog/2009/05/20/want-to-be-an-active-investor-try-a-fantasy-stock-market-gam-first/comment-page-1/#comment-2472 SJ Thu, 21 May 2009 16:27:00 +0000 http://steadfastfinances.com/blog/?p=877#comment-2472 Aww... I enjoy that commercial =) My friend does enjoy BAC in real life lol... The biggest problem I see with things like this is developing hubris; esp since you aren't training under normal conditions. It can be like practicing swimming in the dead sea (when salt makes it trivial ;)) then jumping into an icky pool w/ lil' kids peeing. But ::ahem:: I agree it teaches good basics; just thhat there is a need to keep things in prospective; more emotions, etc. Aww… I enjoy that commercial =)

My friend does enjoy BAC in real life lol…

The biggest problem I see with things like this is developing hubris; esp since you aren’t training under normal conditions.

It can be like practicing swimming in the dead sea (when salt makes it trivial ;)) then jumping into an icky pool w/ lil’ kids peeing.

But ::ahem:: I agree it teaches good basics; just thhat there is a need to keep things in prospective; more emotions, etc.

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