this post was submitted on 11 Oct 2023
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so...if you had a tenage nephew who wanted to learn about the stock market, where would you direct them?
like the true son of a hippy, my nephew has a job and wants to buy shares, but for himself, not through a broker. I'm talking small amounts, to kinda practice/learn, I guess.
I remember this from high school.
https://www.asx.com.au/investors/investment-tools-and-resources/sharemarket-game#:~:text=Students%20receive%20%2450%2C000%20in%20virtual,to%20several%20subjects%20Australia%2Dwide.
I didn't read too closely, registrations might've closed already but might be worth sending to his school for next year.
thank you!
Barefoot Investor
I used this site to learn the basics and help me to make an informed decision: Motley Fool Australia
I can't give you any info about which apps/sites are best but I know there are practice investing sites out there where you invest in the real market with fake money to see how you go. This was many years back when I last looked at it but it was free to give it a go. Then you'd want a site/app where you can invest small amounts with low brokerage fees, which I don't know if you can get around paying. They might actually have articles on that stuff on Motley Fool, not sure.
will check it out/pass it on, cheers. Appreciate it.
Make a virtual account on selfwealth. Load it up with $50k of play money and see how it goes after a year. My high school had a thing called sharemarket game which was along these lines. With a virtual/pretend account they can try their hand at it for a while and see how they do.
this sounds fun....
cheers
Check out ‘The Ulysses Contract’ by Michael Kemp - has info on share investing. There are platforms he can use to diy trades without a broker (e.g. cmc markets). I also love the idea of virtual investing as a trial run, as others have suggested - that would be a great way to learn without losing $.