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!
Published or updated February 14, 2013.