Say you won a million dollars (after tax) and you got to do whatever you wanted with it. What would you do? Being the responsible types, I imagine you’d invest it. But in what? Do you have any idea how to really invest a million?

Now you have the chance, welcome to the eFIPO Stock Game. Courtesy of Virtual Stock Exchange (Click Here to Join the Game), we have given you each a virtual million dollars to invest as you please over the next six months. Just sign up for a VSE account (it’s free!), join our game (Game name: efipochallenge Game ID: efipocom), and start your investing engines.

Tell your friends and family! The more, the merrier! The competition starts March 1st and ends September 1st. At the end of each quarter (other than the last quarter), the person with the highest amount of money in their portfolio will receive a $25 gift card. The winner of the last quarter will receive a $100 dollar gift card!!! The winner of the first quarter will also receive a free copy of “The Automatic Millionaire : A Powerful One-Step Plan to Live and Finish Rich.” The only way I will be able to honor these programs is if we have enough people signing up to join the investment group; WHICH IS FREE!

Here are the game details:

Starting cash: $1,000,000.00
Allow selling short: Yes
Allow stop orders: Yes
Minimum trade price: $2.00
Maximum % trading volume: 100%
Credit interest rate: 4%
Can users join after the game begins? : Yes
Allow private portfolios: No
Allow limit orders: Yes
Allow margin: Yes
Maximum trade price: No maximum
Commission per trade: $29.95
Debit interest rate: 6%

Happy investing!

Easy way to join

Use the information and directions below to join the game.

Game ID: efipocom

Open this link and read the competition summary:
HERE

Click on the ‘Join Game’ link.

If you are an existing Virtual Stock Exchange member, enter your Email address and Password in the login panel and get set to trade. If you are a new user, follow the link to register - it’s easy!

Follow the instructions and start trading!

Join now, and see if you can win my efipochallenge competition! The more participants the higher the level of competition. Can you master the market?

Comments(4)

I am currently reading about investing in options. The first book I read, even though it was marked “for beginners,” was extremely hard to understand. The writing style isn’t wonderful and the author really doesn’t explain the key words to option trading. After snooping around the internet, I found some great resources that educate the real beginners to online option trading.

Investopedia has a great novice course that explains what option trading really means. When I first started reading about options, I thought it was highly speculative. But after some further investigation there is some sense to the madness they call option trading. There are two types of options that you can either buy or sell. I will only talk about one kind because I don’t fully understand the other yet. A call option is when you have the right, but with no commitment to purchase a stock at a certain strike price.

Now how can this be a rewarding opportunity for young people in their investment nest eggs? High returns with less money being involved. Here is a quick example (I will be covering more about this subject later on).

Let’s just say you have the option to buy a stock like Circuit City at a strike price of $27.50. Currently Circuit City is selling at 24.18. The break-even point for this option would be 28.65 (27.50 + the cost of the premium; which will be $1.15 for this example). But all you have to invest is $115 dollars “A stock option contract is the option to buy 100 shares; that’s why you must multiply the contract by 100 to get the total price.”

You’ve just gained nearly 300% on a stock deal! Pretty nice eh? BUT! Huge BUT.. The first thing I learned about options is you do not want to invest any money you are willing to completely lose. Educating yourself as much as possible before purchasing options will drastically help your chances for turning a profit.

The investment game that eFIPO.com will be introducing in January will allow option trading; which will definitely help you learn about them. So you can buy all the options you want with no risk! When I start getting into buying options in May, I will have enough knowledge to limit my risk. Like I said before registering for the game will be free and extremely rewarding (cash prizes!).

Comments(3)