Planning for City Stock Market Game 2021 (fee, company, debt, property)

[Sugarlandbubba]

In

[gamebird98]

in

[RationalExpectations]

Will be in.

[OhioJB]

I'll participate, my first year doing so.

[samnyc]

Originally Posted by Newporttom

Time to start thinking about the 2021 Stock Market Game.....

To review, here's what we said about the rules for 2020

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Time to start thinking about 2020's game. If you paid attention to my posts in the 2019 thread (as you all should!!) then you know I'm not a fan of "binary" bets.

A binary bet is where you have two outcomes only. Coin Flips. Heads you're a genius, tails you're a moron.

So this year I'm changing the rules a bit. To force people (if they play) to pick more stocks. In addition, I've been pondering short selling. Short selling all your stocks is a binary bet. So you can only short one stock. If you think the market will be up but Tesla is heading for a fall, you short Tesla while you are long the others.

The rules for 2020

1. 100,000 total investment
2. 3, 4 or 5 stocks.
3. Maximum of 1 shorted stock
4. Minimum placed on any 1 stock is $20,000
5. No Funds/Indexes etc. The point is to choose individual stocks
6. I must be able to look it automatically via Google Finance. So if it's too exotic for Google Finance, you can't play it.
7. No penny stocks. All stocks chosen must have a share price of $1.00 or more.

You can give me your choices anytime, and still have the right to alter then until market opens in 2020.

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I am pretty happy with the way the rules worked out. Not planning on changing any of the existing rules.

I am however thinking about adding some flexibility. Thinking about letting people deploy their $100K, whenever they want. This would be a pretty big change. Instead of having $100K deployed on Jan 1, you can just have $100K. And deploy it (buy stocks) whenever you want during the year. I'm thinking that any changes have to be locked in before October 1st. And all $100K must be deployed by Oct 1. No cash.

Once you buy something, you are committed to it. No further transactions with that money. For example you can buy $20K of IBM on Feb 12th, and $30K of Apple on May 1 and $50K of Ford on Jun15th. But those transactions are locked once you do them.

Essentially we would be adding timing to the game. A couple people in the past have talked about wanting to do IPOs. This would allow them to do so. One word on IPO's however. If you want to buy an IPO, you'll buy it at the price at the end of the first day. (unless you choose a later date).

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Let me know what you think.

I am in. my first year doing so.

Thank you so much for doing this.

[samnyc]

Tsla
nvda
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gbtc
amzn

[BeerGeek40]

Tom - did you decide if we are doing the "timing" thing, or keeping it the same as in the past?

[whitem3]

I'll play again

[RationalExpectations]

Originally Posted by samnyc

Tsla
nvda
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gbtc
amzn

TSLA and F... reminds me of the old joke,

"What's the difference between Ford and Tesla?"




























"Ford makes cars. Tesla makes Elon Musk rich."

[bmw335xi]

FORD = Fix or Repair Daily and now they are trying to create an advanced line of cars to compete with Tesla? Maybe they will figure it out over time, but they are way behind.