Take WSJ's Stock Investing Challenge
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Here's your Money Briefing for Friday, June 4th. I'm J.R. Whalen for The Wall Street Journal. Do you think you could pick out the next red-hot stock?
What is the WSJ five-week Investing Challenge and who is hosting it?
Do you believe it's possible to time the market? If you're not sure, it might be time for a little Investing 101 from The Wall Street Journal heard on the street team. Their five-week investing challenge will help you be a smarter investor.
Even if you've been in the market for five years at this point and not five months, I think most of what you've seen, with the exception of when the pandemic was declared and you had a real swoon, has been an almost uninterrupted bull market, which is not the experience all the time.
So are you up for the challenge? Coming up, our Hurt on the Street editor, Spencer Jacob, will tell us what you can expect. That's after the break.
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At first glance, investing in the stock market might look like an easy way to make money, with markets hitting new records and online investors pushing so-called meme stocks to unheard of heights. But there's a lot more to stock investing and a lot more ways being a smart investor can help you boost your returns now and in the long term. WSJ's Heard on the Street editor Spencer Jacob is with us to discuss the team's new five-week investing challenge that aims to test your skills and better understand the market. Spencer, thanks for being here.
Thanks for having me.
So what inspired you and the Hurt in the Street team to launch the investing challenge? Why do this?
Well, there was a very successful investing challenge last year. And since then, we have had millions and millions of people join the ranks of investors, open up their first retail accounts. We had the meme stock squeeze in January. And so clearly, there are a lot of inexperienced investors there. There are also a lot of people who Maybe they have a decade or two under their belt, but have lots of questions. And there really are no stupid questions. So we try to address some of the real basics. But the things that we address also could be of interest to people who feel like they know a thing or two. So tell me, Spencer, how the investing challenge will actually work. You know, there's a lot of advice out there on what to do and what not to do in the stock market.
And, you know, until you really kind of, you know, face the decision to invest or not invest or how to invest, it's all theoretical. And so a few of the exercises give you fictional money to invest. Not real money, unfortunately, but fictional money. And we ask you to imagine what's going to happen or even in one of the games, We have you make a series of bets with this fictional money and tell you how it worked out. And we also tell you how everyone who went before you did. And it imparts a really fascinating lesson, actually, about how people wager their money and how people think about risk.
Okay, so let's talk for a moment about this massive influx of brand new stock traders that we've seen just in the past six months.
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