Just
yesterday, I discovered a website, weseed.com, which allows anyone to “invest”
in the stock market for free. Upon joining the website, you are given 10,000
dollars of WeSeed cash. The website has nearly every public company listed, and
with your WeSeed funds, you can carefully research and invest in your favorite
companies. While the results of your investments will be realistic, there is no
risk involved.
The
thing I like best about the website is how much it encourages learning. For example,
each company has a meter which shows how fair the price of the stock is
according to analysts. This meter is either green, denoting a fair price for a
stock, yellow, warning you the stock is slightly overpriced or undervalued, or
red, signifying the stock price is highly overpriced or undervalued. For example, I wanted to invest in GE stock.
The meter was in the red zone, and WeSeed told me I should “do some digging” to
find out what the case was. Lucky for me, I had the 2012 Fortune Investor’s
Guide, and learned that GE stock is probably undervalued right now.
WeSeed
also offers a series of short lessons on economics that will furnish you with
the basics you need to know to make educated decisions with your funds. However,
intuition may be all you need to perform well in the market. According to
WeSeed, inexperienced investors can perform just as well as many of the pros managing
millions of dollars in assets.
Who
knows? With a modicum of practice, even you could be talking and trading like the
pros. Of course, you may need to hit that reset button on your portfolio every
now and then.
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