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*OFFICIAL*: Anandtech Off-Topic 2008 Virtual Stock Exchange Competition

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AMD is doing pretty well, bought it for 7.06 and am still hanging on to it for 7.61 ETFC is where the cash is coming in.
 
Originally posted by: jakedeez
Originally posted by: tuteja1986
I am back at Rank #8 :!
Click to expand...

Yeah after you bought Keeleysam's stock 😛

BTW - Sam, you are welcome for that tip.

Aggressor, if you really want to learn to trade, as you claim "long term investing" is a bad idea.... I don't agree, but I have decided to make this account a trading account. (something in real life I think is safe to do with maybe 10% of your portfolio)

Check out my holdings... you will see what a real trader holds overnight.
Click to expand...
One has to wonder if all these people who dumped 100-200% equities all in a particular stock do that with their real life investments as well.

I'm pretty sure anyone who invested 100% of their portfolio in PPHM last year lost their shirts.

I can understand the guy going 100% in Berkshire, but PPHM? MBIA? Ambac?
Good lord.
 
Originally posted by: Lothar
Originally posted by: jakedeez
Originally posted by: tuteja1986
I am back at Rank #8 :!
Click to expand...

Yeah after you bought Keeleysam's stock 😛

BTW - Sam, you are welcome for that tip.

Aggressor, if you really want to learn to trade, as you claim "long term investing" is a bad idea.... I don't agree, but I have decided to make this account a trading account. (something in real life I think is safe to do with maybe 10% of your portfolio)

Check out my holdings... you will see what a real trader holds overnight.
Click to expand...
One has to wonder if all these people who dumped 100-200% equities all in a particular stock do that with their real life investments as well.

I'm pretty sure anyone who invested 100% of their portfolio in PPHM last year lost their shirts.

I can understand the guy going 100% in Berkshire, but PPHM? MBIA? Ambac?
Good lord.
Click to expand...


Yeah, but this is a game, and since we can't buy fixed income, or even get dividends you can't build a real portfolio anyway.
 
Originally posted by: jakedeez
Originally posted by: Lothar
Originally posted by: jakedeez
Originally posted by: tuteja1986
I am back at Rank #8 :!
Click to expand...

Yeah after you bought Keeleysam's stock 😛

BTW - Sam, you are welcome for that tip.

Aggressor, if you really want to learn to trade, as you claim "long term investing" is a bad idea.... I don't agree, but I have decided to make this account a trading account. (something in real life I think is safe to do with maybe 10% of your portfolio)

Check out my holdings... you will see what a real trader holds overnight.
Click to expand...
One has to wonder if all these people who dumped 100-200% equities all in a particular stock do that with their real life investments as well.

I'm pretty sure anyone who invested 100% of their portfolio in PPHM last year lost their shirts.

I can understand the guy going 100% in Berkshire, but PPHM? MBIA? Ambac?
Good lord.
Click to expand...


Yeah, but this is a game, and since we can't buy fixed income, or even get dividends you can't build a real portfolio anyway.
Click to expand...

Bond ETF's and Indexes. TIPS and Treasury Indexes/ETF's. Probably hundreds you can pick from all in all.
What I bought can be considered fixed income :thumbsup:


Are dividends and stock splits added to my account?

Yes. Your account is reconciled for stock splits and dividends are posted after U.S. market close.
Click to expand...

That's what they say.
 
And IRL, active traders(anyone not practicing buy/hold) would be getting the short end of the stick. :thumbsdown: 😀

30-35% vs. 15% of your investment profits going to Uncle Sam?
Big difference.

There needs to be some kind of capital gains tax in this game for securities held for less than 3 months. :thumbsdown:

Edit: Did you create 2 accounts? 😕
 
Originally posted by: Lothar
And IRL, active traders(anyone not practicing buy/hold) would be getting the short end of the stick. :thumbsdown: 😀

30-35% vs. 15% of your investment profits going to Uncle Sam?
Big difference.

There needs to be some kind of capital gains tax in this game for securities held for less than 3 months. :thumbsdown:

Edit: Did you create 2 accounts? 😕
Click to expand...

Me? No I didn't creat two accounts. I am just jakedeez. I thought I read that we do not get dividends...
 
Originally posted by: jakedeez
Originally posted by: Lothar
And IRL, active traders(anyone not practicing buy/hold) would be getting the short end of the stick. :thumbsdown: 😀

30-35% vs. 15% of your investment profits going to Uncle Sam?
Big difference.

There needs to be some kind of capital gains tax in this game for securities held for less than 3 months. :thumbsdown:

Edit: Did you create 2 accounts? 😕
Click to expand...

Me? No I didn't creat two accounts. I am just jakedeez. I thought I read that we do not get dividends...
Click to expand...

We need a captial gain tax of 50% for holding the share less than 6months : ) and 25% if sold after 6month :!

We also need to increase broker cost to $40

We need tough hard conditions to make this game very stressful and worthwhile 😉

Also does this Virtual stock game website even support capital gain tax ?
 
Originally posted by: jakedeez
Originally posted by: Lothar
And IRL, active traders(anyone not practicing buy/hold) would be getting the short end of the stick. :thumbsdown: 😀

30-35% vs. 15% of your investment profits going to Uncle Sam?
Big difference.

There needs to be some kind of capital gains tax in this game for securities held for less than 3 months. :thumbsdown:

Edit: Did you create 2 accounts? 😕
Click to expand...

Me? No I didn't create two accounts. I am just jakedeez. I thought I read that we do not get dividends...
Click to expand...

Ok.
I automatically assumed "jakefalcons" and "jakedeez" are the same people.
Regarding dividends, I'm just reading what they said. Doesn't mean it works or not.
http://vse.marketwatch.com/Gam...AQ/FAQ.html#portfolios
 
Originally posted by: tuteja1986

We need a captial gain tax of 50% for holding the share less than 6months : ) and 25% if sold after 6month :!

We also need to increase broker cost to $40

We need tough hard conditions to make this game very stressful and worthwhile 😉

Also does this Virtual stock game website even support capital gain tax ?
Click to expand...

Why would we tax 50 points for 6 months, and 25 for more then that... if we were going to tax the gains why wouldn't we use something somewhere close to the actual code?

And why $40? I mean, if we are going to charge more commission, we should charge something closer to what a full service broker charges...which is say on 1000 shares of GE: $573. If not, lets leave it at the discount levels.

 
Originally posted by: tuteja1986
We need a captial gain tax of 50% for holding the share less than 6months : ) and 25% if sold after 6month :!

We also need to increase broker cost to $40

We need tough hard conditions to make this game very stressful and worthwhile 😉

Also does this Virtual stock game website even support capital gain tax ?
Click to expand...

1.) No, No.

2.) No.

3.) No.

4.) AFAIK, no it doesn't support a capital gains tax system.
 
Australia :
less than 12 months = Capital gain tax = 48%
more than 12 months = Capital gain tax = 25%
Average online broker charges in Australia is = $20 to $40


 
I deleted all the people who never made any transactions in the game. Our game is back down to 67 people now!
 
Originally posted by: Lothar
Originally posted by: bonkers325
i triumphantly claim last place
Click to expand...

Never invest all your money in one particular stock (Unless it's Berkshire of course). 😉
Click to expand...

i should've put a stop in place. the morning that particular stock took a huge jump, i was in a meeting and didn't find out i was dead last until it was too late 😛
 
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