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Strategies & Market Trends : Young and Older Folk Portfolio
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chowder
jvincen2
To: jvincen2 who wrote (2752)5/15/2024 7:24:54 AM
From: cemanuel2 Recommendations   of 22059
 
Chowder, I can still recall one thing that had me read you more often way back. it was that "play portfolios" using imaginary money were something you never did. I also never understood why anyone would do that either and think the very best lessons, ones you always remember start out with real money.

When I was first starting there were sites where you could set one of those up. I tried it on a couple, gave it up pretty quick. As you say, it just isn't the same when you aren't using real money.

It's part of the reason why, for the first 2-3 years in stocks I always considered my first buy the equivalent of a first date, a tentative look. I just didn't look at a company hard enough until I owned some. It was the 2nd buy that meant a commitment. I've gotten past that stage now but I recall it quite distinctly. No matter how hard I told myself to, I just never dug deep enough until I had some skin in the game.
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