Saturday, October 23, 2010

It's Not Too Late to Sign Up: "$1m Cash Prize For Virtual Trading Game"

This is a repost from September 23:
Money talks, bullshit takes the subway.
 "Registered Persons" probably need a compliance waiver, check on it if you fall into that category.*
From the WSJ Europe's The Source blog:

Seasoned stock professionals and first-time investors alike are being invited to take part in a nine-month virtual trading game with a real cash prize of $1m up for grabs.

InvestCloud, a securities technology company, this week launched PlayMyMillions, an interactive investment game that allows participants to trade on 35 of the world’s stock exchanges.

Each player will be given a virtual cash pile of $1m to invest in a portfolio of their choosing using real market data. The best-performing portfolios will be ranked and rewarded with weekly and monthly prizes over the nine months leading up to the jackpot $1m.

The game assesses the portfolios by reference to the risk-adjusted rate of return.

“Best scores win – no matter your background or ‘real world’ expertise,” according to InvestCloud.
To enter the competition register at
This article originally appeared in Financial News.
*Years ago I was pitching private placements to some Merrill Lynch retail guys for their own accounts. Big brokers only. One of the smaller (assets under management ~ $200mil.) brokers I was going to talk to calls in and says something to the effect...
Here's the sign-up page.
$15 per nine-month account.