Play Money Teaches Investing Lessons

Here is something I have talked about before if you are investing, especially a new investment strategy – don’t invest real money right away; paper trade your strategy before you risk money on it.  FInding pitfalls in a strategy is important.  This article in the Wall Street Journal By KAREN DAMATO AND VERONICA DAGHER talks about a study done with play money:

http://online.wsj.com/article/SB10001424052702304203604577394431579048676.html

While I am not an investment advisor, I have always felt that knowing your strategy before risking capital is important to your long-term investment health.

Remember, You can count on us to count to you!   

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