Spoiler alert.. I don't think its a good idea. 

So, backstory, I had a couple people ask about portfolio simulators and whether they are a good way to learn about investing and prepare to actually start investing.. and my answer is always that the best way to learn about investing is doing it. Sure, do your research, get the basics down pat but if you get the basics, stop trying to perfect it for the sake of it. 

As a beginner, I highly doubt that you would go into the market all guns blazing and trade on the daily, so why would you do that in a fake portfolio? Especially when your first investment is very unlikely to mimic an investment from a fake portfolio. 

Investing will always come with risk, that's why I suggest only starting with money you can afford to lose. So if you can afford to lose the cash, then allow yourself the luxury of participating in the upside. And learn from your mistakes there. 

Check out this episode to see what I think of portfolio simulators and how you can use them effectively. 

If you have any content you are interested in, hit me up @thefemaleinvestors on Instagram and I can see if it is something I can talk about!

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The Female Investors Project is a passion project led by Genevieve Hourigan, and is for entertainment and educational purposes only. The views expressed in this podcast are my opinions only and none of the material discussed in this podcast should be taken as financial advice! Please do your own research and consider consulting a professional before making any big decisions with your money. Thanks for listening and supporting The Female Investors, and you can follow me @thefemaleinvestors on Instagram and join the group The Female Investors Community on Facebook.