Here's a great chance for you to try out stock investing: check out the "Portfolio Picks" competition at www.shatteredmagazine.com.
The rules? Simple. Twelve women business leaders, such as Laiza Marongwe and Lyne Pitts, are already participating: they each have a virtual portfolio of $10k to invest in no more than ten stocks. After 12 months, the winner (who makes the most return on their original $10k) gets to donate $12000 in real money to a charity of their choice, compliments of the competition sponsor, Barclays Wealth Management.
Why only women in the competition?
Well, because we rock!
Amy Nauiokas, Head of Barclays Stockbrokers, believes that women have the temperament for investing, saying "The most common traits of female investors are conservatism, understanding, tolerance and collaboration."
Women tend to be less dictated by the "macho" aspect of picking "hot" stocks: they tend to research and understand their stocks, the industries, and the market more: they buy and sell less frequently and typically save on commissions and management fees.
Think you can outpick the women on the team?
Right now, go ahead and register as a "wildcard" by e-mailing Michelle Hemstedt, Commercial Director at info (at) shatteredmagazine.com. If your virtual portfolio beats Shattered's 12 competitors in any given month, you will receive a $1,000 donation (in real money! woo-hoo!) to the registered charity of your choice (subject to approval by Barclays Wealth Management).
Sharpen your mind, shatter your expectations, and increase your knowledge of stocks: info (at) shatteredmagazine.com
Want some more info on investing? Check out
www.growyourfunds.com in the Know More Media network.
Also www.money.com and finance.yahoo.com to do stock research.
Find your risk tolerance here:
www.kiplinger.com/personalfinance/tools/riskfind.html
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