Saturday, April 14, 2012

Free 100$ to invest. Through WealthLift

I found this really awesome app in the Google Chrome App Store.  It's called Wealthlift it has 5 lessons that go over all the information about stocks.  It's probably one of the most useful site's that I have found when it comes to stocks. 


The nice thing about it, is after you complete the lessons they will give you 100$ to invest with.  You ask how could it be possible, who in the heck would give away 100$.  I thought the same thing, I'm always sketchy when it comes to getting something for free.  


After reading into it makes really good sense.


 WealthLift has partnered with diverse brokerage firms to offer special brokerage offers to members who pass our Investor's Quiz. The most prominent offer is $100 free starting capital at OptionsXpress, a Charles Schwab company.  They are interested in helping more people learn about investing and offering a special deal at the end of the quiz is a great way to motivate individuals towards learning.

OptionsXpress stipulates that a recipient of the $100 offer must keep a minimum balance in their trading account for a year after opening. Therefore, any gains from trading can be pulled out however you must invest your starting capital for at least a year. This ensures against people opening an account and withdrawing the funds instantly. Investing with a long term focus is always a good idea for someone who is interested in growing their funds over time.


So it will be a year before you can cash out, but who cares.  Most likely you will have earned more then 100$ at the end of the year anyway.








Friday, April 13, 2012

Practice Investing

I wanted to show you a couple of websites that I think are awesome. The first one being updown.com.
The game is simple, you start out with 1,000,000 dollars of fake money.  Your goal is to beat the sp500 index.
You can invest in any company you like, and just like a real purchase you will have to pay a fee to the broker.

The awesome part about this site is, you are automatically enrolled into a competition each month.  You compete against others and if your portfolio is in the top 1000, you can win real money.

The whole goal of the site is to get feedback from the investors on the stocks they invest in.  You basically give an analysis of what you think the stocks are going to do. It doesn't cost anything to join, and it doesn't take much of your time.

The only thing you can lose is the chance to learn how to invest.

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