MInTheGap

Back when I was independently wealthy (the short time between college and marriage) I knew that I’d have to save money in order to buy the things that would be necessary to care for my family.  So, I put money in my company’s 401K plan, took out a Roth IRA and purchased some stocks using E-Trade.

The only problem is, I really didn’t know what I was doing.  I wasn’t very knowledgeable about what stocks to buy, when to sell, or even more advance concepts like short selling.  The only good bits of information I was able to get were from people like my Great Aunt that was actually doing some investing, but that still didn’t help me know when to sell.

There’s a lot to learn about the stock market– I’m out of it except for my 401K, but in watching it I’ve noticed that there’s a lot to learn about the numbers, and just about the time the “experts” predict something everything changes.

It’s important to have good advice, and the people at MyWallSt.net have taken the concept of a social network and applied it to the problem.  They allow you to create a “Rookie” account where you can get a set of funds that you can invest– basically play money.  It’s a tool to educate you in how to invest and the ins and outs of the numbers.

Go on over to MyWallSt.net and take a look.  It’s a very interesting concept and I’m sure it would help anyone with any interest in the market (casual to serious) learn more about how to invest in stocks, and you never know– it could lead to a great stock pick!

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