Wall Street 2.0: Marketocracy Contest
Wall Street 2.0 is an investment blog network. Marketocracy is a website that lets you create simulated mutual funds and track their performance. I recommend checking out both sites even if you don’t join this contest:
With many of our readers being Marketocracy users, the Wall Street 2.0 Network has decided to start a Marketocracy Club. Registration is already underway, and trading will begin on Monday, April 10th. The only rule is that your fund be compliant (if you are not yet a Marketocracy member, you will learn about their compliance rules after joining).
Did we mention the prize? The member with the highest returns after 3 months, will receive $200 cash, courtesy of the Wall Street 2.0 Network.
To join the club, head over to the Wall Street 2.0 Message Boards and register. Then check out the Wall Street 2.0 Marketocracy Club sub-forum for details on joining the club.
I already have several funds over at Marketocracy to test how difficult it is to successfully invest with various restrictions in place. These restrictions are meant to force a certain degree of concentration or diversification. For instance, the most diversified fund tries to keep 1% of assets in each of 100 different stocks. That’s pretty diversified.
On the other side of the spectrum, one of my Marketocracy funds only invests in companies headquartered in New Jersey. That narrows the investment universe considerably.
This is the sort of fun stuff you can do at Marketocracy.
I posted a check-up on these funds back on March 15th.