Wall Street is no Monopoly

Raging Bull. Falling Knives. Something about shoes that I can’t remember. You know if Wall Street just sold a dictionary, this whole investing thing would be a lot easier. After dibbling and dabbling around on the internet (maybe a few of my textbooks, maybe not) I’ve gotten a hand on at least a few of these Wall Street catch phrases and I’m starting to see I’ve only begun my fall down the rabbit hole. It would be pretty useless to pretend that I’m even a novice investor. I’m frankly a college student who reads the financial news and just signed up for a virtual stock market. Its summer, and I have little more to do than ride my bike at the beach and watch reality television. What better time to start thinking about my bright and promising future. The real stock market is scary so I’m using an online stock market simulation to buy and trade stocks and well, see what happens. This is essentially my practice before I have that disposable income everyone keeps talking about to really invest. (Where is that? I thought it would be here by now).

The thing is, I’m really good at taking risks with money that is not mine. I’m officially kris23 over at Wall Street Survivor (www.wallstreetsurvivor.com) and I’m also using this convenient little widget over at PredictWallStreet (www.predictwallstreet.com) to assist me in some of my decision making processes. Numbers are important, company’s reports are indeed important, but I’m a big fan of sentiment and I think that a thousand heads are better than one. This widget puts it all in one place so I don’t have to open a million tabs. Overall, this simulation is ridiculous fun. Its like that time I went gambling in Reno and put five cents in a slot and payed for the rest of my vacation minus the older men in Tommy Bahama and Marlboro Reds. So this is Day 1. I bought some companies I’ve been following recently and have a strong personal affiliation with including Apple and Yahoo. I also bought some Sirius Satellite Radio ( I know, I know) along with some others. I will update as much as possible to let you know how good (or bad) things are going.