Martin Lee @ Sg
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Straits Times CIMB Securities Online Stock Challenge

This contest started last week (on 8th Nov 2010) and will last for till 10th December 2010.

Participation is limited to residents of Singapore who are at least 18 years old at the time of registration and holders of a Singapore National Registration Identity Card (NRIC) or a valid Passport.

Weekly prizes will be awarded to participants who makes the best performing portfolio in their investment and guessing the closing index of the week. Grand prizes will be awarded to the top 3 participants with the largest portfolio at the end of the game.

The Grand Winners will receive the following grand prizes (“Grand Prizes”) at the end of the Contest period:

1st Prize: S$ 6,888 and 1 x iPad 32GB Wifi
2nd Prize: S$ 3,888
3rd Prize: S$ 1,888

You can register for this competition here.

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4 comments
Nuts says 8 years ago

The previous ST online stock challenge was back in 2006/2007 period.

The top winners all used warrants to leverage their speculation. They know that in such contest, it is basically gambling using gut feelings. Hence the winners will be those who are lucky in placing leveraged bets on the right counters. It’s a win-all or nothing environment.

I remembered ST interviewed the winner. And the winner was honest enough to say that he would never “invest” his own money in the real world like how he speculated in the game.

This contest has nothing at all to do with investing. It is purely a marketing & sales exercise — to increase ad revenues for ST and to market CIMB services and prospecting for new customers.

Reply
    lioninvestor says 8 years ago

    You are absolutely right. The strategy for a contest and that for real life investing is completely different. In a contest, the target is to finish with extraordinary returns. This can only be achieved by taking on excessive risk.

    Reply
Musicwhiz says 8 years ago

Apparently, such contests increase in popularity and number as the market heads higher – so I can take it as a sign of exuberance!

Did you ever hear of such contests being held at the lows during the 2008-2009 bear market? Not that I knew of….haha

Reply
    lioninvestor says 8 years ago

    Market is simply too buoyant for my liking….

    Reply
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