The Rookie Challenge

My senior year in high school we were required to take a class called CI, or Current Issues. It focused on real world things that we would need to know about once we graduated. Topics included such things as how to prepare our taxes to race relations. Another subject we studied was the stock market. Every week our teacher would bring in the Sunday paper and we would look up the stocks we "invested in" to see if we made or lost money. To be honest, I never truly understood exactly what we were doing. Randomly picking a stock on black and white news print really did not help me learn about stocks.

I recently reviewed MyWallSt.net and found it to be very interesting. It is, essentially, a virtual stock market, allowing you to trade stocks from existing companies. The cool thing is though, you are using virtual money! This is a fantastic way for beginners to learn about trading stocks without actually losing their entire fortune.

The rookie challenge is MyWallSt.net's virtual stock market, bringing real company stocks in contact with its members, or rookies. It allows members to share information and tips among themselves to help each other learn new strategies that they can later use in the real stock market.

Not only is this website an incredible tool for beginners, it also comes with the possibility of winning a prize. Each week, the rookies with the highest percent gain in their portfolio will be entered into a drawing to win cash & prizes-including $1000 cash!

In today's world, social security and retirement are moving farther and farther away from us each year-investing in the stock market is becoming a viable option for people to put away a nest egg. MyWallSt.net's rookie challenge is the perfect way to get your feet wet before jumping into the real thing.