SIFE Campus Investor Stock Challenge 2010

What?

The SIFE Campus Investor Stock Challenge is a stock picking competition open to all BCIT students. The competition is administered through Virtual Stock Exchange and brought to you by SIFE BCIT.

When?

January 18, 2010 to March 19, 2010.

Prizes?

  • $500 start up fund in CIBC Investor's Edge account for 1st ranked portfolio.

  • $300 start up fund in CIBC Investor's Edge account for 2nd ranked portfolio.

  • $200 start up fund in CIBC Investor's Edge account for 3rd ranked portfolio.

Important: In order to be eligible for prizes, please email campusinvestor@gmail.com with your full name, program, and screenname.

To join the game, please do the following:

  1. Get a Virtual Stock Exchange account at  www.virtualstockexchange.com (you might need to enter a US zip code like 90210)

  2. Sign in to your account.

  3. Click on the “Find a Game to Join” link on the left hand side of the page.

  4. Type in the Game ID “CampusInvestor” (case-sensitive), then click on the “Find This Game” button.

  5. On the following page, please click on the “Join Game” button at the bottom of the page.

Note: You are able to join the game before the start date but the game will not start until the opening bell at 6.30 AM on January 18, 2009.

To start trading, please do the following after you have logged in and joined the game:

  1. Click on the “Make A Trade” button on the left hand side of the page.

  2. On the pop up, type in the stock ticker or the company name that you would like to buy shares of, then click the “Go” link.

  3. Fill out the type of order and the number of shares you would like to purchase on the next page.

  4. Then click on the “Preview Trade” button on the lower right hand side of the pop up.

  5. Review your order on the next page then click on the “Place Order” button. Your order will go through after 20 minutes has passed.

It is Monday, January 18, 2010, how come I am not able to make a trade?

January 18, 2010 is Marin Luther King Jr. Day in the US, so even though the competition starts on January 18, you will not be able to make trades until January 19, when the US stock markets are open.

Got more questions?

Check out the FAQs section or email campusinvestor@gmail.com

 

 

HSBC Financial Literacy Grant

SIFE Campus Investor as SIFE BCIT's Financial Literacy project has received the HSBC Financial Literacy Grant of $500.

 

 

CIBC Sponsorship of $1000

Thanks to Rachel David, Dillon Zolnierczyk and Brent Charleton for securing a CIBC sponsorship for our Stock Challenge that will take place in the Spring of 2010. Currently the prizes will be in the form of funds in a CIBC Investor's Edge account. More information coming soon.

Weekly Stock Challenge Leader Board

This past week, we saw Dillon's net worth fall putting him in 7th place this week. As a result, Robert Cabral is the new weekly champion, with the Prez and Ruud following closely behind. Another noteworthy mention, Superdantastic and brookesy are slowly climbing the charts and have done an incredible job from not so long ago being in last place and both currently are in the top 10.

Identifying a Trend for Investing

There are two main types of players in the stock market: traders and investors.  Traders, as the name connotes, is a person that is holding a stock for a short time.  Traders may be classified into two types: a day trader or a swing trader.  Day trader, again, as the name states, only hold the stock for a day or few hours.  A swing trader seeks to identify a short term movement for the stock and then holds it only until the move is ended.  An investor, on the other hand, is a longer term holder of a stock and seeks to identify a long fundamentally driven trend before investing in their stock.  The focus of this article is exploring some ideas behind identifying a trend for an investor. 

The hard work for investing is done right up front, finding and analyzing a trend; getting the thinking right before the outlay of hard earned dollars.  Where does one find trends for investment purposes?  Well, they are in the news media; look for large changes in economic environments such as shifts in public thinking– green vehicles, oil shortage – peak oil, agriculture news – sugar crop failure, or our favourite such as government spending announcements – massive dollars for infrastructure spending, education, health care and green technology. Read Full Article