I was browsing the Philippine stock exchange website today and found out that there will be another stock trading tournament that will be conducted starting on June 1, 2009 and ending on February 26, 2010.
Being an avid fan of the Philippine stock market, I’ve always wanted to join stock exchange games. However I did not get to join before because it’s either I learned about a game when it has already started or that the available tournaments are not open to the public.
This time, I have learned about this a week earlier so I wasted no time in entering my registration. This stock grading game is dubbed as the “PSE Manila times equity challenge (Open edition)”
Basically the objective in this game as in any Philippine stock exchange stock trading game is to get the highest portfolio value at the end of the game. At the beginning of the game you are given a million pesos “Virtual money.” You are make that money grow. Kind of like the Bible story of the “Parable of the talents” the only difference being, you don’t get to play with real money. 🙂
In my own opinion, stock trading games do not work well for the value investor. The gains in value investing takes 5 to 10 years before it can be realized. This game is more or less geared towards technical investing.
However even if I am more of a value investor I still decided to join because I wanted to find out the possibility of me having an “instant” million pesos and how could I be able to grow such portfolio within 8 months time. I also wanted to satisfy my “been there, done that” mentality.
The objective of this game as is the objective of all Philippine stock exchange stock trading game is to educate the public of the Philippine stock market. It will help give those who join the game a “feel” on what trading in the Philippine stock market is like. It is reported only about one half of one percent of the entire Philippine population is actively involved in the Philippine stock market. The guidelines says that there are prizes to be won, but there are no exact details as to what these prizes are.
So what are you waiting for? Register now! Join me in this exciting Philippine stock exchange stock trading game! If you want more details on the PSE Manila Times equity challenge click here.