Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Virtual Investment Apps Pros And Cons

MoneyHub's new guide to virtual share trading games lets New Zealanders experiment with investing before putting down any money.

MoneyHub's Senior Researcher Christopher Walsh said, "Too often New Zealanders want to invest in shares but don't know what to buy. Even if they do buy, there's uncertainty about when to sell".

“Our review details seven useful online tools to help potential investors get comfortable with trading and long-term investing. We detail one NZX-focused tool, and six US and global markets tools”.

"The NZX's ‘virtualTrading’ platform, which offers $50,000 in virtual money to buy NZX-listed shares and ETFs, is one of several online games to give new investors confidence in their decisions without any risk".

"Beyond the NZX, several US-based share trading games also offer New Zealanders free access, meaning new investors in Hatch, Stake and Sharesies can experiment without risk.

"Our guide encourages investors of all skill-level and experience to practice their investing strategies without risking real money. We explain the pros and cons of each virtual share trading game, and outline what securities can be traded."

“Best of all, some platforms offer challenges and prizes, while others help users get used to trading before putting money at risk”.

More: Stocks and Shares Virtual Trading Games

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>

Air New Zealand: Business Travellers Return To The Skies In Record Numbers

After a year of talking to a computer, Kiwis are leaving the office to re-connect with their clients, suppliers, and staff. New figures released by Air New Zealand show domestic business and corporate travel has defied global trends by returning ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>

LPG Association: Renewable LPG Achieves Emissions Budgets With No Need To Ban New LPG Connections

Renewable LPG can supply New Zealand’s LPG needs and achieve the emissions reductions proposed by the Climate Commission without the need to ban new connections, a new study shows. The investigation, by leading consultancy Worley, was prepared for the ... More>>

Commerce: House Values Continue To Climb As New Government Measures Announced

The Government’s new initiatives to quell the rocketing housing market were announced last week, just as house prices hit a new high for the end of March. The average value increased 7.8% nationally over the past three-month period, up from the 6.8% ... More>>