ASX Sharemarket Game 2017

Discussion in 'Share Investing Strategies, Theories & Education' started by Perthguy, 21st Feb, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
Page 3 of 4
  1. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    It's nonsense! It needs to reward people for buying and holding, not trading 20 times a day.

    I think it sends all the wrong messages.

    Over the next few weeks, teachers across the country will be registering high school students to take part in the ASX Sharemarket Game, which lets players ‘experience what it is like to invest in the stock market’. I’d disagree with that. If investing were anything at all like this game, there wouldn’t be a stockmarket in the first place. Each year over 70,000 students participate. For the vast majority it’s their first introduction to investing, which is a great shame. If you wanted to design something that taught young minds the essence of poor investing, the ASX game would be a great starting point.

    Source: How to win the ASX Sharemarket game
    ​
     
    Perthguy, 23rd Feb, 2017
    #41
    Redwing likes this.
  2. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    I can't say I am loving this game. Overall rank: 4480 :)
     
    Perthguy, 27th Feb, 2017
    #42
  3. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,850
    Location:
    Perth, WA
    Overall rank: 115

    Woohoo! Stupid mining speculation for the win.
     
    thatbum, 27th Feb, 2017
    #43
    Perthguy likes this.
  4. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    That's pretty good! :)
     
    Perthguy, 27th Feb, 2017
    #44
  5. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,850
    Location:
    Perth, WA
    Scratch that - TPG has tanked it today since the rankings were done so I'm now below $50k again.
     
    thatbum, 27th Feb, 2017
    #45
    Perthguy likes this.
  6. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    The Sharemarket is a fickle master!

    I don't have a trader mindset. I would rather buy and hold quality shares.
     
    Perthguy, 27th Feb, 2017
    #46
    balwoges likes this.
  7. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,248
    Location:
    Sydney or NSW or Australia
    If I split my funds between NFI, DOH, OMG, WFG & LOL.

    I should be on a winner :p
     
    Scott No Mates, 27th Feb, 2017
    #47
    Perthguy likes this.
  8. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    No WTF? ;)
     
    Perthguy, 27th Feb, 2017
    #48
  9. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,248
    Location:
    Sydney or NSW or Australia
    I think WTF is a little too speculative for my portfolio.
     
    Scott No Mates, 27th Feb, 2017
    #49
    Perthguy likes this.
  10. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    What's with WORLEYPARS? up 29.430% today to $10.44
     
    Perthguy, 28th Feb, 2017
    #50
  11. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    I got my Telstra dividends. $372. Today the value of the shares is down by $383.08. Net loss. I am really good at losing money in this game!

    My portfolio value is $47,481.92
    Overall rank 6610
    :D
     
    Perthguy, 1st Mar, 2017
    #51
    thatbum likes this.
  12. Brady

    Brady Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,570
    Location:
    Adelaide, SA
    Not enjoying the game, but it has definitely made it sink in that I don't enjoy trying to trade.
    That I would much prefer to buy quality stocks if/when they're down.
    As the game is short and trying to win found myself making good decisions first days or so then made risky moves trying to get quick win.
    Buy and hold strong companies long term.
     
    Brady, 1st Mar, 2017
    #52
    Perthguy likes this.
  13. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    It definitely confirms for me that I have the buy and hold mindset.
    I do not have the trader mindset.
     
    Perthguy, 1st Mar, 2017
    #53
    Brady likes this.
  14. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    I have given up trying to trade. I just have no interest in it. I have just picked some hopefully good stocks and holding. I am still in the red from bad trades but back up to $48,156.11 from a low of $47,016.67. My overall ranking is 10,172/11,347. lol. Serves me right for trying to beat the market! :)
     
    Perthguy, 14th Mar, 2017
    #54
  15. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Heh. Back up to $49,189.11 today. Nearly back to where I started ;)
     
    Perthguy, 30th Mar, 2017
    #55
    Brady likes this.
  16. Brady

    Brady Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,570
    Location:
    Adelaide, SA
    Cash: * $18,433.13
    Shares: * $33,703.34
    Portfolio value: * $52,136.47

    Have a whole heap of pending orders waiting for drops.
     
    Brady, 30th Mar, 2017
    #56
    Perthguy likes this.
  17. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    53888 shares. Was top 10 until I stopped buying the recommended and decided to buy bank shares. Straight to near 800th position. Oops.
     
    Barny, 30th Mar, 2017
    #57
    Perthguy likes this.
  18. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Recommended?

    Anyway, you are both doing better than me! :p
     
    Perthguy, 30th Mar, 2017
    #58
  19. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    The stocks on the move, I should of said. I kept selling, taking the profits then buy the stocks on the move again, repeat. To time consuming. Gave up.
     
    Barny, 30th Mar, 2017
    #59
    Brady and Perthguy like this.
  20. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Yeah. I stopped trading too. I just bought good shares and I am sitting on them. Except helstra. I still have that POS. Nearly $1k in the red on that one :mad:
     
    Perthguy, 30th Mar, 2017
    #60
    Barny likes this.
Page 3 of 4