I have a confession to make. Investing, you know in the stock market, scares me. I know a bit about different savings vehicles but have avoided directly investing in the stock market because of this fear. I chose (with an uncle's help) an index fund for my Roth because I didn't want to think about it. Other than that my money lives in savings accounts, largely with ING.
A part of the problem is I haven't found any good reading on the subject that doesn't put me to sleep. I also haven't looked that hard. I get the basics, but how to research then choose a stock, what a good buying price, etc kept me from taking the plunge. I'm also not really a plunge person. I dip my toe, then my foot, think about the water temperature, dip the other foot... you get the point.
Thanks to UpDown I'm going to make my first dip. The site gives you $1,000,000 in play money to invest in the market. The play money takes away the fear of loosing my hard earned money. It also gives me a chance to do a little research and see how well my ideas pay off. As a bonus, if you beat the S&P 500's performance, you get paid. We're not talking major money, just enough to keep things interesting. Wish me luck as I start to creep in.
Are there any books, specific blog posts, or other info you think would be good for me?