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I'm up in the middle of the night - not because of stock market worries but apparently because of caffeine at dinnertime.
I'm chugging along at a 1.5 % return here which is, as they say.....is not good enough. That's way below what my real portfolios are doing - but then again, I've got half of the real stuff managed by the pros.
This game is teaching me another lesson about investing in anything gold related. I was hoping for some big time gains from NUGT, figuring on a very unnerving world situation to propel gold upward. It just hasn't happened. PHK has also been a huge disappointment.
I don't think you would have included NUGT today if it was down 15% yesterday and you were using yesterday's opening price. Why would you post your picks two days after your own stated deadline is just suspect. Why would you attempt to gain an advantage is something meaningless? I have no idea but you clearly backdated your picks. My playing or not is irrelevant to your actions
i was wondering that too, looking the years predictions today. i did not see his until days later . but in the end nugt was a loser regardless.
so was phk , cx did poorly , pfe lagged way behind spy , ko lagged spy .
in the end a simple s&p 500 fund blew away all those picks .
Last edited by mathjak107; 10-31-2017 at 04:51 AM..
i was wondering that too, looking the years predictions today. i did not see his until days later . but in the end nugt was a loser regardless.
so was phk , cx did poorly , pfe lagged way behind spy , ko lagged spy .
in the end a simple s&p 500 fund blew away all those picks .
Since Tom is running the game, I have no idea which day he is even using for the starting price. It's probably Jan 3rd market open. And as I said back in January - it wasn't going to matter.
Is it too late? If not, I'd like to participate with:
70k AMZN
10k GE
10k ABBV
10k ATVI
I'm definitely throwing darts and trying to keep my Fantasy Football fix going with stocks
I definitely learned a bit more with this game. The ATVI pick was a classic "invest in what you use/like/know". I've played a lot of their games for years and know their habits, consumer base, etc. Looks like it was a good pick - besides AMZN of course.
Don't know why I picked GE. Probably because they were a competitor at a company that I worked for and kicked our butts.
i made it a life long rule i never invest in anything pertaining to my field .
why ?
because being in a field we see things that look so great but the reality the rest of the world couldn't care less about .
i tried to get this message through to a friend of mine who did commercial phone installations .
he thought lucent technology was the greatest company because of their products . i mean they were the old bell labs . needless to say he put 400k in to them at 60 bucks a share only to have them practically fail at about .60 cents ..
i made it a life long rule i never invest in anything pertaining to my field .
why ?
because being in a field we see things that look so great but the reality the rest of the world couldn't care less about .
i tried to get this message through to a friend of mine who did commercial phone installations .
he thought lucent technology was the greatest company because of their products . i mean they were the old bell labs . needless to say he put 400k in to them at 60 bucks a share only to have them practically fail at about .60 cents ..
And that mistake is the # 1 rule of investing, trumping all other ones.
NEVER TIE UP YOUR MONEY IN YOUR EMPLOYER'S STOCK. If the company goes bad, you not only may lose your job, but your life savings as well.
Ask those fools who worked at Enron about that one.
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