I’m not too good with numbers – my former maths tutor will echo that statement, but neither neither am I a gambler. Therefore getting involved with the stock market is hardly a natural step; I’m far from being ready to take the plunge. Therefore I’ve had to settle for the next best thing to hone my skills (or lack of) before even considering investing real money. WeSeed allows users to invest virtual money in real companies, as well as incorporating other enjoyable features to make the experience a little bit more approachable, even to innumerates like me.
After signing up and confirming your account, you’ll need to chose how much money your portfolio starts with. There are three predefined options to choose from: $100,000, $10,000, $100, or you can opt to choose your own starting amount. I chose to start with $10,000 (about £6000) since the larger amount seemed to lack challenge, whilst the lower amount promised to limit my investments to next-to-nothing.
You’re then able to begin choosing which companies you want to invest money in by searching for either the company’s name, or an area which you’d like to invest in. Therefore, if you’re pining for some Microsoft shares, you can search for that directly, but if you have no company in mind, searching for a general area will bring up companies which relate to it – eg searching ‘gardening’, ‘computers’, or ‘sport’ will yield relevant businesses that you may wish to pour some of your virtual cash into.
After investing, you’re able to keep track via your personal portfolio. This is a listing of all the companies that you’re a shareholder of and your shares’ status. You’re able to see at a glance whether there’s been a rise or fall in the the worth of your shares and your portfolio’s total value. It’ll also save you searching for the company to view more detailed information, since each can be clicked to whiz you off to the company’s page. In addition groups are also available which are designed to group like-minded people together – ranging from housewife groups to lovers of technology. You’ll be able to compete with other groups to make the best investments and gain advice from others to help you choose your investments.
The lack of ability to invest in companies which don’t have a US presence was a little annoying, but it certainly didn’t detract from the fun of juggling the virtual dollars. You can get started at www.weseed.com.