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Smart Strategies for Advanced Investing and Active Trading

NerdWallet's Smart Money Podcast

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The Risk of Losing Your Shirt

Losing value or losing money on investments is a good way to figure out what your risk tolerance really is. Some brokers even offer something called paper trading where you can trade using fake money and see how you did. I want a statewide investing contest in Massachusetts as a high school student doing something like this. But yeah, if you're an inexperienced investor who gets in over your head, you could be in for some pain.

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