Posts by ROlson:
- Starts Jan 2 – Ends April 25
- DOUBLING the prize pool from $25,000 to $50,000!
- New Game format: Investors and Gamers. Investors are Survivors who make less than 100 trades in the Tournament. Traders are Survivors who make more than 50 trades in the Tournament.
- The Top Investor and the Top Trader for the Tournament each win a 7-day, Luxury train trip for 2 persons in November 2008 through the American West from Denver to Northern California Wine Country crossing the Rockies and Sierras. Round trip airfare included. Retail value: $14,000. For more info see: www.GrandLuxeRail.com.
- The Second place Trader and Investor each win $2,000 while the Third place Trader and Investor each win $1,000
- Weekly Prizes worth $8,000+ and Daily Prizes worth $8,000
- More bug fixes than you can shake a stick at!
Manage your Tax Refund this Year
April 7th, 2009If you have received or will receive a tax refund from the IRS this year, what should you spend it on?Paying down debt, a vacation or invest it in the stock market?
Before investing, it is a good idea to make sure that you have an emergency fund and that you have paid down debt. And before you focus too much on investing or reducing debt, be sure to concentrate on building your cash security fund first, so that you can endure any rough events that occur in your life.
In our current economic crisis, most financial planners now recommend that individuals keep at least 6 months of their current income in cash (just a year ago the consensus was only 3 months of income in cash). If your cash fund is adequate, then, pay off any credit card debt first that you may have accrued over the years. It’s important to realize that this debt usually carries an interest rate (18 percent or more!) that is higher than what most investments have the potential of earning before taxes.
How will you spend your tax refund?
Jim Cramer or Jon Stewart: Who’s Right?
March 19th, 2009Buyer Beware. Most everyone understands that concept. But for some reason, this idea doesn’t always translate to investing in the stock market. We have to ask: who is to blame? Jim Cramer, or ourselves for not being educated enough on the market to make our own decisions.
Jim Cramer was very clear during his interview with Jon Stewart, offering a mea culpa even though for most it was too late. CNBC’s Mad Money is designed to attract the casual trader and it is one of the few financial programs that can be enjoyed by people from all backgrounds. That is why Jon Stewart was right when he emphasized the importance of Cramer taking responsibility for his actions when he, for example, told people not to sell Bear Stearns stock days before the bank failed.
But the public can’t go on a witch hunt for who is to blame for all their financial problems. True, we trust news organizations and “experts” to give us tips and advice on ways to invest our money. Does that mean though that we take everything at face value without doing some due dillegence ourselves? Of course not.
Even though the stock market does not have a warning label on it, it is the everyone’s responsibility to realize that they can’t jump off the Wall Street bridge just because everyone else just did. Take responsibility for what you do with YOUR MONEY. Know the market, learn how it works so you don’t have to look for someone to blame because you made your own choices.
I look forward to hearing your opinion in this matter.
Buddy Lists
March 22nd, 2008 |
Survivors often mention in the Forums how meeting other people has been one of the best parts of playing the game. Now, we’re going to make it even easier to stay find and stay connected to your Survivor friends.
Introducing Buddy Lists! Now, you can keep a list of your Survivor friends and track their portfolio performance on the Leaderboard! See the preview image to the left as an example of how a Buddy List would be incorporated into the Dashboard.
Another neat feature we included is when you invite your friends to play the game and when they join, they are automatically added to your Buddy list! How great is that?
New Stock Trading Tournament starts January 2nd
November 20th, 2007Rev your engines sportsfans, the new Tournament is slated to start January 2nd, 2008 and features:
