TIP

CityPress - - Business -

Some peo­ple claim you should “fake it un­til you make it” and, while this may not ap­ply to ev­ery­thing, it could be some­thing to abide by if you are a cau­tious in­vestor.

For ex­am­ple, if you want to know if you’re any good at in­vest­ing on­line, you can sign up to plat­forms that of­fer you the op­por­tu­nity to trade on a sim­u­la­tor. By cre­at­ing a dummy port­fo­lio, you can trade and in­vest with­out risk­ing real money.

Once you get the hang of things, you can buy and sell shares for real. But if you’re not any good at it, you can save your­self the heartache and money, and leave your sav­ings in a pro­fes­sional’s hands.

If you feel con­fi­dent, get go­ing with the San­lam iTrade sim­u­la­tor by sign­ing up as an iView client – the first month is free and will cost R200 a year there­after.

Or you could par­tic­i­pate in the JSE’s in­vest­ment chal­lenge, an on­line vir­tual game in­tended to in­crease un­der­stand­ing about fi­nan­cial markets among pupils and stu­dents. The chal­lenge ends in Septem­ber.

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