Investing is very complex; there are many decisions to be made. Where should you put your money: in stocks, mutual funds, ETFs, treasury bills, or bonds? Understanding how investing works increases the likelihood that profits will be made while also reducing the likelihood of costly mistakes and losses. Learning how the markets work is also an education in global economics and provides a better understanding about how the markets affect our daily lives. The state of the global economy dominates the news these days.
Some teachers, who have embraced technology, have enrolled their students to compete in the online stock trading simulation SimVest.com. The simulation offers students the opportunity to invest in real stocks, but with virtual money. Each student is given $100,000 virtual dollars to buy and sell stocks that trade on stock exchanges in North America. A leader board keeps track of the gains and losses as stock move up and down. Teachers are able to create a private password protected tournament so that other players outside of the classroom are not competing with the students.
SimVest.com Trading Simulation is funded by Resource World Magazine, a monthly magazine reporting on the investment side of mining, oil & gas and alternative energy. There is no charge to schools using the service and there is no advertising on the website. Visit Simvest.com to find out more.