Investing exercise

I've finally gotten used to my new working hours at Stockwatch. They're from 6 a.m. to 2 p.m., which means my day starts at 4:15 a.m. every weekday. As long as I get enough sleep, I feel great.

I'm starting the Canadian Securities Course this week, which will teach me all I need to know to become a stock broker. I'm not planning on changing careers, of course; I'm just taking one more step to becoming a business reporter. The home-based study course will come in handy over the next few weeks as I set up 10 portfolios to invest $100,000 total in 10 companies. The money is completely fictional, of course, as are the investments. The exercise in investing is meant to help me learn the market and gain investment strategies.

A couple of years ago I asked my uncle, real estate businessman Eric Trygg, what I should do to learn investing. He suggested something very similar to the exercise above. He also added that, since the stock market is so huge, I should specialize in one or two areas (such as mining) and really learn those sectors of the stock market instead of trying to spread my interests too thin. That advice is good for anyone getting into the stock market.