Sharemarket Game

Other than investing money in the ASX via my SMSF, I don't have additional funds to play with at the moment, however. I did discover that the ASX have the 'sharemarket game' where your given $50k to grow. I have just signed up and it looks like its going to be a bit of fun.

Create your own virtual stock portfolio and experience what it is like to invest in the stock market. Find ASX sharemarket games that provides stock market education through way of a free share market trading game

 

i have joined this game some time last year.. and that's just about it.. didn't even do anything with it. I just joined to hopefully learn a bit from the ASX and didn't give it enough attention. will give it a go again this time..

 

I live in front of my computer so 'playing' shouldn't be an issue. Hopefully I'll learn a little bit.

 

Signed up for one of the ASX games last year and I fluked it with a big buy of Flight Centre shares that skyrocketed after I brought them..

I resigned to the fact that I make a crappy share investor and only a marginal better property investor!!

 

First time I tried it was almost 10 years ago but I would imagine it is basically the same concept.

It simulates share trading so it gives you a good feel of how it works and what sort of things can happen.

 

Note that the game is purely focusing on the share price and it doesn't consider dividend payout. In real world, I would consider both, the price growth and dividend return.

 

That's very true. I guess it would be quite a complex task to track dividend payments as well to only fictitiously issue them in the game.

 

Actually they pay dividends on ex-div date and don't adjust for franking credits.

 

Oh I didn't know that, so dividend money will be distributed to increase the capital money for further investment?

 

@Raydar - I have a team on the ASX game if you want to join in next time. We don't take it too seriously, it's just for fun, but I tinker with my positions daily. The current game ends on 8/6 and the next game starts 8/8 I think with registration from 8/7.

 

On ex-div date they add cash on your virtual account. The same amount as people would get in the real life, but no effect from franking credits.

I've had a bit of fun playing this game and imo it encourages short-term speculations rather then long term investments approach. So chasing dividends in the game is not a good strategy.

 

What's the entry (T-x days ?) and exit (T+1 ?) point for dividend stripping and how is stop loss managed during the holding period ? Trying to get hold of some basic strategy for dividend stripping.

 

Sounds like fun, you can count me in.

 

Cool. I'll DM you neaer the time for your email.

 

I wish I new that I started learning sharemarket basics just a few months ago... The best strategy around dividends I came up with (for the game) was buying shares on ex-div date when they were comparatively cheap and selling them a few weeks later when they recovered.