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

Page 5 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
I signed up and hope to start doing things this month or next. Its never to late to win, right? 😛 If I'm slow getting started please don't delete me. 🙂
 
Originally posted by: jjsole
I signed up and hope to start doing things this month or next. Its never to late to win, right? 😛 If I'm slow getting started please don't delete me. 🙂
Click to expand...

Sorry, its my bad if I deleted you. I wont do it again, but there were 20 people that didn't make a move at all.

Please re-join if i deleted you
 
Originally posted by: Lothar
Looks like the purchasing of penny stocks has claimed a victim.
Click to expand...

Who is it? I don't see anyone with more than a 30% loss.

It's a moot point anyway, I'm going to win this game with a 300% gain for the year.

Sorry to break all your hearts :brokenheart:

😉
 
Originally posted by: Azurik
Originally posted by: Lothar
Looks like the purchasing of penny stocks has claimed a victim.
Click to expand...

Who is it? I don't see anyone with more than a 30% loss.

It's a moot point anyway, I'm going to win this game with a 300% gain for the year.

Sorry to break all your hearts :brokenheart:

😉
Click to expand...

Check out bear. His networth is now $17,356.51
It happened 3 days ago, but he still had a 48% drop today and he has already liquidated his position (which was the wrong thing to do and essentially means no chance of a comeback).
Just 3 days ago I remember seeing him in the "Top 10" list.

If you lose 50% on a position, you have to double your money to get even.
Simple grade-school arithmetic. 😉

In this case he's lost 84% over the past 3 days.
But he just might make a comeback you know. That guy's an active day trader to the core.



EDIT:
And regarding your idle threats, I say "Bring it on!"
 
Originally posted by: bonkers325
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 😛
Click to expand...

What in the world?
How the hell did you catch up?

OMG...Hax!!!
 
Originally posted by: Azurik
Originally posted by: Lothar
Looks like the purchasing of penny stocks has claimed a victim.
Click to expand...

Who is it? I don't see anyone with more than a 30% loss.

It's a moot point anyway, I'm going to win this game with a 300% gain for the year.

Sorry to break all your hearts :brokenheart:

😉
Click to expand...

Hey, aren't you an MBA from Columbia? If so, I hope you won't admit to having a concentration in Finance!
 
I shorted PPHM but couldn't get to the game for a week since I was out of town, then I came back with a back injury, laying me up for another week, now I have a family situation to deal with, distracting me for another week.

That sucks.

I was doing pretty well trading off of inflation fears and gold. Now I gotta try and make it back.
 
Originally posted by: hypn0tik
I can't break the $100k barrier for the life of me. Bah. Guess I need to play around more.
Click to expand...

Too much into speculative tech stocks.
Micron technology? Nvidia? AMD???

Wow. I understand this is a "tech" site so it's expected for people to carry all those crazy tech stocks including GOOG and many more.

You're doing better than most people though.

As long as I do better than the S&P 500, I don't care so much about rankings.
So far since I started Jan 17th(my 1st purchase)
ATOT VSE portfolio: +10.42%
S&P 500: +0.43%

Another game Feb 7th (1st purchase)
Trader 2008 VSE: +5.92%(This game is much harder to produce returns and has VERY strict rules)
S&P500: +0.09%

Look at the date when you made your 1st transaction(not when you joined) and compare returns to S&P 500 index.

Your 1st purchase Jan 16th
hypn0tik ATOT VSE: -1.27%
S&P500: -2.70%

You seem to be doing just fine to me IMO. 😉
 
Originally posted by: Lothar
Originally posted by: bonkers325
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 😛
Click to expand...

What in the world?
How the hell did you catch up?

OMG...Hax!!!
Click to expand...

cheats. lots of them.
 
Originally posted by: Lothar


As long as I do better than the S&P 500, I don't care so much about rankings.
So far since I started Jan 17th(my 1st purchase)
ATOT VSE portfolio: +10.42%
S&P 500: +0.43%
Click to expand...

Doesn't risk matter here though? I've seen emerging markets funds brag about how well they did relative to the S&P500, when in fact the EM fund had a much higher beta. Wouldn't risk-adjusted returns be a better measure?

 
Originally posted by: Special K
Originally posted by: Lothar


As long as I do better than the S&P 500, I don't care so much about rankings.
So far since I started Jan 17th(my 1st purchase)
ATOT VSE portfolio: +10.42%
S&P 500: +0.43%
Click to expand...

Doesn't risk matter here though? I've seen emerging markets funds brag about how well they did relative to the S&P500, when in fact the EM fund had a much higher beta. Wouldn't risk-adjusted returns be a better measure?
Click to expand...

Every stock my portfolio has a lower beta than the S&P500 index, therefore my portfolio overall carries a lot less risk.

My portfolio was only down -1.02% today.
Compare that with the -2.20% and -2.30% drop in the S&P500 and Nasdaq.
There's no EM funds there.

All money made so far has been on longs.
I could go the easy route and short Citi, Capital One, Washington Mutual, Ambac/MBIA, but I don't believe in short selling stocks that much.
 
I joined in January then never had the time to research any stocks. Maybe I should do it now that the market has taken such a dive.
 
Originally posted by: Lothar
Originally posted by: Special K
Originally posted by: Lothar


As long as I do better than the S&P 500, I don't care so much about rankings.
So far since I started Jan 17th(my 1st purchase)
ATOT VSE portfolio: +10.42%
S&P 500: +0.43%
Click to expand...

Doesn't risk matter here though? I've seen emerging markets funds brag about how well they did relative to the S&P500, when in fact the EM fund had a much higher beta. Wouldn't risk-adjusted returns be a better measure?
Click to expand...

Every stock my portfolio has a lower beta than the S&P500 index, therefore my portfolio overall carries a lot less risk.

My portfolio was only down -1.02% today.
Compare that with the -2.20% and -2.30% drop in the S&P500 and Nasdaq.
There's no EM funds there.

All money made so far has been on longs.
I could go the easy route and short Citi, Capital One, Washington Mutual, Ambac/MBIA, but I don't believe in short selling stocks that much.
Click to expand...

shorting ambac and mbia would've been a good idea tho, after the freeze on wednesday its been going nowhere but down
 
Originally posted by: Lothar
Originally posted by: Special K
Originally posted by: Lothar


As long as I do better than the S&P 500, I don't care so much about rankings.
So far since I started Jan 17th(my 1st purchase)
ATOT VSE portfolio: +10.42%
S&P 500: +0.43%
Click to expand...

Doesn't risk matter here though? I've seen emerging markets funds brag about how well they did relative to the S&P500, when in fact the EM fund had a much higher beta. Wouldn't risk-adjusted returns be a better measure?
Click to expand...

Every stock my portfolio has a lower beta than the S&P500 index, therefore my portfolio overall carries a lot less risk.

My portfolio was only down -1.02% today.
Compare that with the -2.20% and -2.30% drop in the S&P500 and Nasdaq.
There's no EM funds there.

All money made so far has been on longs.
I could go the easy route and short Citi, Capital One, Washington Mutual, Ambac/MBIA, but I don't believe in short selling stocks that much.
Click to expand...

If it's that easy to beat the S&P500 on a risk-adjusted basis, then why invest in mutual funds at all? Heck, if you can do that, why not be a fund manager, since 80% of them cannot beat their benchmark index in the long term after expenses are subtracted?

My question is somewhat rhetorical, but as a novice investor who stumbled onto the diehards forum, I often question their strategy of buying and holding low expense index funds when everywhere I look, someone claims to be making a fortune through trading.
 
Originally posted by: Special K
Originally posted by: Lothar
Originally posted by: Special K
Originally posted by: Lothar


As long as I do better than the S&P 500, I don't care so much about rankings.
So far since I started Jan 17th(my 1st purchase)
ATOT VSE portfolio: +10.42%
S&P 500: +0.43%
Click to expand...

Doesn't risk matter here though? I've seen emerging markets funds brag about how well they did relative to the S&P500, when in fact the EM fund had a much higher beta. Wouldn't risk-adjusted returns be a better measure?
Click to expand...

Every stock my portfolio has a lower beta than the S&P500 index, therefore my portfolio overall carries a lot less risk.

My portfolio was only down -1.02% today.
Compare that with the -2.20% and -2.30% drop in the S&P500 and Nasdaq.
There's no EM funds there.

All money made so far has been on longs.
I could go the easy route and short Citi, Capital One, Washington Mutual, Ambac/MBIA, but I don't believe in short selling stocks that much.
Click to expand...

If it's that easy to beat the S&P500 on a risk-adjusted basis, then why invest in mutual funds at all? Heck, if you can do that, why not be a fund manager, since 80% of them cannot beat their benchmark index in the long term after expenses are subtracted?

My question is somewhat rhetorical, but as a novice investor who stumbled onto the diehards forum, I often question their strategy of buying and holding low expense index funds when everywhere I look, someone claims to be making a fortune through trading.
Click to expand...

I'm guessing on average, individual stockpickers probably underperform mutual funds. Few traders will tell you about it if they are losing money, whereas all mutual funds report their earnings. It's just biased data. Heck, if you just look at this competition for example, a lot more people are losing money than making it. Though I have to say that the strategy for this game is way different than with real money.

The market is in a world of pain after TMA and NLY yesterday and the jobs numbers today...
 
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