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+--- Thread: Join our stock trading game (/showthread.php?tid=6054)
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Join our stock trading game - BLINGMW - 06-13-2007
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It's easy to join up, you get $100,000 (monopoly money?) to invest, then go nuts. Our game is titled "HaulinAssGettinPaid", we just started it up yesterday/today, so come join!
- Mike - 06-13-2007
i'm not playing because if i make a lot of money i'll have to ask myself "why didn't you use real money?" and that would be painful.
- BLINGMW - 06-13-2007
I know! OTOH, if you lose your ass, you can be thankful. :wink:
- Evan - 06-13-2007
Im in.
the problem with these games however is that proper investing is long term, and the games only last a few months. People who bet it all on 1 or 2 stocks that get a big boost usually win them, which isnt realistic of course
- white_2kgt - 06-13-2007
Evan Wrote:the problem with these games however is that proper investing is long term,...
Maybe if you are investing for retirement. Some people day trade to make profit, which isn't long term but requires you to know A LOT about the current market. Which is why I'm not playing, I don't care enough. I reallocate my 401k every month based off a spread sheet a few coworkers put together with all our funds and base the next months projections off momentum scores. It's pretty damn good as I'm seeing about 8-12% return each month.
- mrbaggio - 06-13-2007
white_2kgt Wrote:Evan Wrote:the problem with these games however is that proper investing is long term,...
It's pretty damn good as I'm seeing about 8-12% return each month.
Over what time period? Care to share a little more info on your process?
- BLINGMW - 06-13-2007
yeah Chad, that's a pretty crazy return. Especially for funds. Hook us up! :lol:
- Evan - 06-13-2007
white_2kgt Wrote:It's pretty damn good as I'm seeing about 8-12% return each month.8-12% a month from funds? You have set off the BS detector in a very big way. Feel free to back that claim up with some data.
- BLINGMW - 06-13-2007
the data is, Chad's riiiiich beotch!! Didn't you notice? :mrgreen:
- Apoc - 06-13-2007
I'm guessing there's a lot of stock based funds in there as the market has been pretty nutso lately. The agreesive non-stock fund in my 401k has grown by about that much and pretty much every stock based one is 8%+ in recent months.
- white_2kgt - 06-13-2007
Evan Wrote:white_2kgt Wrote:It's pretty damn good as I'm seeing about 8-12% return each month.8-12% a month from funds? You have set off the BS detector in a very big way. Feel free to back that claim up with some data.
They are not all funds. Generally that kind of return is only made on the aggressive investments, maybe they are funds I don't know. 3 of them are indexes. All I do is read the spreadsheet pick the 3 with the highest momentum scores, then reallocate the current $$$ I have and my investments for the next month. The 8-12 increase also includes company matching so that's skews the results a bit, that's the only number I look at for the month.
From what I know of the process the guys import the values of the stock's in each fund through the day (thousands) then compares them will all the worlds universe of stocks and ranks them. (they are comparing more than just stock value but how well their growth/earnings are as well). The sheet then prints out a pretty list ordered from highest to lowest w/ the actual score. There's a lot more going on behind the scenes which is why we only get the list once a month (we can only transfer funds 12x/yr anyway).
This doesn't always work, for some months we got momentum scores that were negative, when that happened I didn't change anything and usually didn't make a return that month.
Not sure what I can show you to prove it other than my statement?
- white_2kgt - 06-13-2007
BLINGMW Wrote:the data is, Chad's riiiiich beotch!! Didn't you notice? :mrgreen:
ha, I can't touch it. Well I could, but I'd have to pay it back and that just doesn't make any sense.
- white_2kgt - 06-13-2007
Apoc Wrote:I'm guessing there's a lot of stock based funds in there as the market has been pretty nutso lately. The agreesive non-stock fund in my 401k has grown by about that much and pretty much every stock based one is 8%+ in recent months.
The stuff w/ the high returns are all stock based, which is what I classify as the 'aggressive' investments. We have 3 others that are recommend for those getting ready to retire (like stable value funds/etc), but at my age they recommend staying in the aggressive funds in order to make these kinds of returns, I have the possibility of making a negative return as well. That's only happened once and it was a few years ago, in the past year I don't think it ever went below 4% though.
- Evan - 06-13-2007
Apoc Wrote:I'm guessing there's a lot of stock based funds in there as the market has been pretty nutso lately. The agreesive non-stock fund in my 401k has grown by about that much and pretty much every stock based one is 8%+ in recent months.
Chad said 8-12% return each month, which is 250%-390% annual.
8-12% cumulative over 2007 is quite a bit different, and actually not entirely impressive given the state of the market this year.
Chad id love to see the funds/stocks you have used, dates/prices of buy and sell, Im genuinely interested. If you can pull down 250% a year reliably, you should switch careers!
personally I dont think that stock trends or velocity is a reliable investment strategy, but I can see it working in the short term.
- Apoc - 06-13-2007
Evan Wrote:Apoc Wrote:I'm guessing there's a lot of stock based funds in there as the market has been pretty nutso lately. The agreesive non-stock fund in my 401k has grown by about that much and pretty much every stock based one is 8%+ in recent months.
Chad said 8-12% return each month, which is 250%-390% annual.
8-12% cumulative over 2007 is quite a bit different, and actually not entirely impressive given the state of the market this year.
Perhaps he meant 8% over principle month to month and not compound. I'd be shocked if it was 8% compound because that's effectively doubling your money every 10 months. I really find that difficult to believe, even in this market. If he is, well like you said, time to switch jobs.
(Side Note: momentum theory is perfect for a market like this but come crash time it gets your burned. Really no different than risk = reward we've all had drummed into our heads.)
- bimmerboodle - 06-13-2007
I wish we had better choices to pick from....Institutional funds for the mediocre returns....My roth is doing way better
- white_2kgt - 06-13-2007
Over the past 4 yrs it's been 8-12% when I get my yearly statements, duh
- Evan - 06-13-2007
white_2kgt Wrote:Over the past 4 yrs it's been 8-12% when I get my yearly statements, duh:?:
white_2kgt Wrote:I'm seeing about 8-12% return each month.
- HAULN-SS - 06-13-2007
haha
- white_2kgt - 06-13-2007
Evan Wrote:white_2kgt Wrote:Over the past 4 yrs it's been 8-12% when I get my yearly statements, duh:?:
white_2kgt Wrote:I'm seeing about 8-12% return each month.
yea, that was a mistake, I don't get statements but maybe once or twice a year.