Earn Money by Picking Stocks with Zero Risk - Seriously
If I told you that you can make money by picking the next latest and greatest stocks better than your friends and there was zero potential for you to lose money what would you say?
You'd probably say I'm a fraud or a liar or both. I've got news for you - it really is possible! It's not some fancy secret either, simply a great new site with a unique idea.
What's the name? The Up Down.
What is the Up Down and How does it work?
How do you make money trading imaginary stocks?
The UpDown is a free site where anyone can join, create a profile, and start building and managing their own virtual portfolio using $1 million virtual dollars while engaging in a real-life trading environment. Members can also write stock analyses voting a particular stock "up" or "down" and provide supporting arguments while the rest of the community has the opportunity to rate the quality of the analysis.
Said Michael Reich: "The UpDown will challenge the way investment management works today by collecting the trading activity of our members and using community knowledge to manage a real-life investment fund where profits are shared amongst the community."
UpDown.com is a fantasy investing website launched by Harvard Business School students Michael Reich and Georg Ludviksson and Harvard University graduate Phuc Truong. Each partner has significant start-up experience, and shares a common vision to revolutionize the investing world.
The Different Ways to Make Money:
Ok, Which Stocks do I pick to get the Highest return?
Tips for picking the best stocks
Here are a few books to get you started:
The Bogleheads' Guide to Investing
Amazon Price: $16.47 (as of 10/13/2008)
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition
Amazon Price: $19.77 (as of 10/13/2008)
The Only Three Questions That Count: Investing by Knowing What Others Don't
Amazon Price: $18.45 (as of 10/13/2008)
Jim Cramer's Real Money: Sane Investing in an Insane World
Amazon Price: $17.16 (as of 10/13/2008)
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)
Amazon Price: $13.57 (as of 10/13/2008)
How are others doing on The UpDown?
My Experience with the UpDown
Below you will find a few of my recent articles from my personal finance blog, The Grumpstump. In it I discuss on a regular basis my progress on The Up Down and how much money I'm making.
Fetching RSS feed... please stand byInvesting 101: What is a Stock?
A brief introduction into the history of Stocks
In The Up Down, you are composing a group (portfolio) of Stocks with the idea that your picks will outperform others. Many people are often confused as to what a Stock really is. Here is a brief introduction from Wikipedia:
In business and finance, a share (also referred to as equity share) of stock means a share of ownership in a corporation (company). In the plural, stocks is often used as a synonym for shares especially in the United States, but it is less commonly used that way outside of North America.[http://www.ldoceonline.com/dictionary/stock_1]
In the United Kingdom, South Africa, and Australia, stock can also refer to completely different financial instruments such as government bonds or, less commonly, to all kinds of marketable securities.[http://dictionary.cambridge.org/define.asp?key=78290&dict=CALD]
Be my UpDown Friend!
Join me in my Journey Down and Up and through TheUpDown
My Username on UpDown is Loyalis. Stop on By and make friends with me. May the better stockpicker win!
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GypsyPirate
Thanks for a great lens and for teaching me something new today! Posted October 11, 2007 |
