I stumbled upon a site today called, Wall Street Survivor. The premise seems to be the same as UpDown, but it looks like you could potentially earn more money since Wall Street Survivor touts $250,000 in prizes. I am not a trader by nature, but if there’s an opportunity to earn money without risk — I am all for it.
Before I signed up, I checked out their about page to better understand what this online stock trading web site is all about, and here’s what I found:
Wall Street SurvivorTM allows you to get in the driver’s seat and manage your own fantasy stock portfolio while competing risk-free against friends, peers, and colleagues for the chance to win lucrative cash prizes.
You learn to master the market by executing your fantasy stock trades of real companies in real-time. Our financial data feed from Thomson is the same one used by brokers and traders around the world.
After the experience and knowledge gained from playing Wall Street Survivor, you will have the skills to take charge of your financial future. You will have earned the training and practice needed to take an active roll in directing your retirement investments, your savings plans, 401(k) company plans, or your mutual fund investments. All the while, you play in highly entertaining contests and participate in a community of like-minded traders.
The sign up process was fairly easy with only a few fields to fill out. After the first page, you have a chance to opt-in for some special offers. I was a little anxious to see the program so I answered NO to all of them, but you may want to check them out. After that, I got an email and I simply followed the link to verify my email address.
Here’s the first screen I saw when I first logged in. Looks like I’ll have $100,000 to start off with.
Just taking a quick glance, it looks like I can start building my own virtual portfolio, or I can select from the three pre-made options:
I checked out The Survivor Community Index to “tap into the wisdom of crowds” but didn’t like the proposition; specifically, invest 20% in Ambac Financial Group (ABK), Freddie Mac (FRE), American International Group (AIG), Washington Mutual (WM), and Fannie Mae (FNM) — I’ll pass on this one!
I checked out the other two pre-made portfolios and decided to go with Peter Navarro’s Big Picture Investing. Here’s a little blurb about Peter Navarro:
Peter Navarro received his Ph.D in Economics from Harvard University and is a business professor at the University of California-Irvine. He is a regular CNBC contributor and recently appeared on 60 Minutes. He is the author of the bestselling book The Coming China Wars and the stock trader’s classic If It Rains in Brazil, Buy Starbucks.
The Wall Street Survivor interface looks comparable in capabilities to my real brokerage account dashboard — in fact, it probably has even more features. Some of these features include:
Here’s another screen capture of the Bloomberg TV page:
It looks like there’s a ton of stuff on this site to keep any avid investor busy for a few days. Instead of trying to describe everything to you, I recommend that you check out Wall Street Survivor yourself. And if you find anything that you particularly like, please share your findings with us here.
I just came across a relatively new fantasy stock trading game, called TheSpartanTrader.com that i have been testing out lately, and so far I’m enjoying it! It is however my first attempt at trading stocks on such a game, so i can’t compare to others. The game features free and paid competitions along with a variety of prizes. I’m enjoying the game so far though.
@Matt – Thank you for the private tips sent to me. I am beginning to get the hang of it.
@Make Friends – It’s quite interesting and somewhat addicting. Now I can see why some people becomes day trader.
@Patrick – Give it a try. But I wouldn’t do this with real money.
I just saw this the first time the other day. I haven’t signed up yet, but I might just give it a go.
Intresting, will check this one out. I’ve used virtual trader for a while and it’s a great way to get used to trading but not come across this one yet. Another fun way is to join a share trading club and make trading a sociable activity rather than something that you just do alone
I’ve been playing this on and off. I trade for a living, so it’s hard to play a game such as this while trading for real because it’s easy to get tripped up, but games like this are an excellent way to learn the real game. Plus, if you get lucky a few times, you can come away with a nice prize.
CNBC also has the Million Dollar Portfolio Challenge going right now.