Scoutmaster Musings - American Business tool

> > > Triple Prizes < < < 

Scoutmaster Musings

American Business tool
A couple days ago, I mentioned being 'thrifty' and doing things myself. Sometimes, it's hard to distinguish between thrifty and cheap, according to my wife.

One area where I've learned that I need to be very thrifty is the stock market. Years ago, I set aside some money that I could invest however I wanted - kind of like play money, but it was real. It was something I had always been interested in, but was afraid I didn't know how to do it. So, having a set amount that I could lose or grow put limits on my involvement.

I did ok and any money I made I set aside out of the playing field. I made a few poor investment choices and the original funds got used up so my game was over. I pretty much broke even, making a little bit but not much, and that taught me that I'm not really very good at that.

Now, if it was just pretend money, it still might be a fun game. I was looking for resources for the American Business merit badge and I came across an interesting site called where they are having a rookie challenge that is free to register and participate. The idea is that you start with $100,000 in virtual money to invest in real stocks. You get to compare the results of your investments against other players. Now, that's my kind of investing. :-) And, they even have weekly winners of real cash. The site says they give away $1000 each week.
Well, it's a good way to learn about trading stocks with no risk. If an American Business merit badge counselor approved of it, scouts could use the site to buy and track their stocks for that requirement. Since they're under 18, they wouldn't eligible to win any real money so they might want their parent to register.

Scout On
Posted: 11:41 09-21-2007 211
    Previous Post     Next Post        archives:   2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005      Scoutmaster Musings - RSS Feed

Site Disclosure Statement

Follow Me, Boys

Recent Comments
Brian S on Mt Dew Chicken recipe
Kate on No Socks song
Kate on On the Loose song
P Kincheloe on /content/activity/mafia-2154.asp
Scouter Paul on Spoof Merit Badges
Sandra C on Spoof Merit Badges
Sandra C on April 1 post
STEVEN CRANE on Supporters
Lee on Purple Gorilla Story
Tim on Square Knots
More Comments...

Contest   -   Ask a Question   -   Add Content   -   scout software

This site is not officially associated with the Boy Scouts of America
listeria testingscout software
Boy Scouts  
Boy Scout Trail
Cub Scouts
Boy Scouts
My Blog

Group Games
Merit Badges
SM Minutes
Pen Pals

Online Tests
Our Schedule
Our Progress


Shop 4 Stuff
Privacy Policy
ICRA labeled

Find more Scouting Resources at
This site is not officially associated with the Boy Scouts of America
Boy Scout Trail Home Bobcat Tiger Cub Scout Wolf Cub Scout Bear Cub Scout Webelos Boy Scout Tenderfoot Scout 2nd Class Scout 1st Class Scout Star Scout Life Scout Eagle Scout