As part of a project for my grade 11 math class – many, many years ago – our teacher has us “invest” $100 of play money in the stock market and then track our stocks for a month. What did I learn? “Compound interest’ is among the most beautiful two-word phrases in the English language, but “penny stock”? Not so much.
I just read that the Royal Bank of Canada is doing something similar, offering $100,000 of “practice money” for clients to invest, trade and save with in real RBC products, online. One catch: you need to have an existing RBC account or open up a new account (very clever, RBC!). While I’d much prefer to have $100,000 of real money, I like the idea of being able to get my feet wet before diving headfirst into the swamp of self-directed investing, and without it showing up as part of my final math mark.
See you on the e-floor!
