Trading is now open for the BikeForums StocksQuest Stock Market game!
Please see this thread for more details:
Realtime Stock Trading - Without the Financial Risk
Every member starts with 100,000 virtual dollars. There is no real currency in any form that will ever change hands.
Create an Account
Join a Contest
Contest Name: BikeForums
The contest cycle is 1 year, you can join or quit (stop playing) at any time.
There won't be any "prize" for the winner (unless someone decides to give me a bunch of real money that I can award a prize with.. which is very unlikely).
I'm a firm believer in the Schoolhouse Rock adage: "Knowledge is Power!" Even if you never decide to put $1 of your hard-earned money into the markets, I think it a great tool to understand how the stock market works. Those that succeed in the market rarely do so by chance. Usually, research is the key to coming out ahead.
Investment advisors are good if you don't plan to really learn the market, but there is a reason why they keep their day job, and it's usually because they love it. There are a lot of "safe" strategies out there, and most advisors choose to follow the "safe" route for their clients because most people who don't understand the market won't understand that every so often you will lose money, but with the proper strategy you can gain it back in multiples.
Something I would like to see for this game, when you make decisions about why you purchase a certain stock, write a short (1 or 2 sentances) about why you chose it.
Is it the company you work for? Do you buy their products or shop at their stores? Do you think they have high growth potential? Because they have had steady growth?
I think that with more discussion comes more learning and knowledge.
John Doe might purchase all "blue chip" stocks and make nothing but not lose anything.
Bill Smith might lose it all by stacking all of his eggs into a high-risk basket.
Sarah Jones might diversify and have a few stocks win and a few lose.
Todd Wilson might follow the top market players, such as George Soros and hope for winners.
Joe Allen might purchase only companies that have Christians for their Top Brass.
Everyone has their own strategy... will yours be a winner?
Find out at StocksQuest.com