Tuesday, October 13, 2009

Let the Games Begin!

I've started a stock-picking game at:

http://vse.marketwatch.com/Game/StartViewGame.aspx?id=AssetPicking

Here's why:

I think that the education given out in every country in the world has the same rather glaring fault: It doesn't teach people about getting rich. It doesn't help to make us better savers/investors nor does it teach us how to avoid crippling levels of debt.

Please correct me if I'm wrong with this premise!

The unfortunate result is that we learn a marketable skill (plumbing, nursing etc.) and then use that skill all our life to earn money which is then spent on liabilities rather than assets.

Most people I talk with don't know how to buy assets. Many can't even tell the difference between an asset and a liability!

So, I'd like to invite you to a free stock-picking game. I'd like to use this game to help hone your financial skills and hopefully make you richer in the long-run. This will be a two-year experiment. If you join up, you will be welcome to comment on your stock choices or your investing process in a new blog I am starting now. Questions about picking strategies or anything else asset-related are welcome! I will try to answer any question to the best of my ability or at least to direct you to further useful resources. I also expect that some members will be experts in the field and will also answer questions.

The game is here:

Game ID: AssetPicking

1. Open this link and read the competition summary:
http://vse.marketwatch.com/Game/StartViewGame.aspx?id=AssetPicking
2. Click on the 'Join Game' link.
3. If you are an existing Virtual Stock Exchange member, enter your Email address and Password in the login panel and get set to trade. If you are a new user, follow the link to register - it's easy!
4. Follow the instructions and start trading!

Best of luck!

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