Pick Stocks and Make Money with zero Risk
Recently there has been a rise of websites that allow you to pick stocks and earn money based on your performance. Most Notably, The Updown and Wall Street Survivor are the newest and best players in this area.
The Updown: Social Networking Meets Stock Picking
Outperform the S&P 500
The Updown recently opened its doors to everyone to join it's fantasy stock picking universe.Users assemble a portfolio of stocks that are publicly traded on any of the American Exchanges (NYSE, Nasdaq, and AMEX).
Each user is given $1,000,000 to start and their performance is tracked against the S&P 500. Each Trade costs $100 commission against your balance.
You can make money at the UpDown in the following ways:
- Beating the S&P 500 % gain over the previous month
- Beating the S&P 500 % gain over the previous 12 months or since you started, whichever is shorter.
- Writing analysis for stocks
Why it's fun:
- The Updown is Free to Play
- You can try out new stock trading ideas without risking your own money
- Being rewarded for making good picks with cold hard cash is always fun.
Learn to Invest like a Champion with these books
Investing Advice, Tips, and Strategies.
Since fantasy stock picking is based off of real markets, the same theories apply. Grab one of these books and bone up on your stock picking skills
Wall Street Survivor : Outpick the Competition
The Clock is Ticking on your Stock Picking...
Each user is given $100,000 to start and their performance is tracked against the S&P 500. Each Trade costs $10 commission against your balance.
You can make money at Wall Stret Survivor in the following ways:
- Having the Best Performing Portfolio over a certain time period
- Having the Best Performing Risk Adjusted Portfolio over a Certain Time Period
- Being the biggest Weekly Gainer in Portfolio earnings
- A Daily Random Winner
Why it's fun:
- Wall Street Survivor is Free to Play
- The Action is fast and furious do to the short time periods for generating returns
- Geared more towards the stock trader than the long term investor.
The Best Stock Research Sites on the web.
Find out all about companies with these Stock Research Tools
In order to make an informed decision, it's important to know how the company is doing financially. These are some of the best stock research sites on the internet.
http://www.finance.google.com
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http://www.finance.yahoo.com
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http://www.moneycentral.msn.com
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http://www.caps.fool.com
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Stockpickr! Your Source for Stock Ideas
Enter a portfolio, get recommendations automatical more...0 points
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