Leave a Comment:
4 comments
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.
ReplyYou 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