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Invest Like a Monkey–An Online Tool to Put Your Investing Genius to the Test
But don't think of Tipping Monkey as entertainment only. It can also teach you about some of the more advanced trading options. For example, do you know the difference between a covered call and a naked put? Trust me, you don't want to leave your puts naked (and I know a few regulators who might be interested if you did). Tipping Monkey allows you to try out these and other more sophisticated investment vehicles and techniques (leverage, short-selling, options and other derivatives) to see how they impact your portfolio's performance.
And if you run a hedge fund on Tipping Monkey, others can invest their virtual money in your fund, which gets its own ticker symbol, quotes and charts. Don't you just love the Internet!
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Sounds pretty fun I’ll have to try it later.
Sounds like a lot of fun (and educational too). I don’t gamble with single stocks though–it’s only growth stock mutual funds for me.
Another one I’ve enjoyed playing with is virtual stock exchange at http://vse.marketwatch.com/game/Homepage.aspx
The whole idea of Tipping Monkey is to provide enough flexibility for different types of investors to learn or showcase the best of their favorite instruments and strategies, risk FREE.
You can build portfolios using stocks, options, mutual funds, ETFs and even other members’ virtual hedge funds (i.e. fund-of-funds), and show us how to get Alpha returns – your way.