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Thursday, April 03, 2008

Free virtual trading, real prizes

UpDown.com is offering a chance to hone your stock picking skills virtually while giving you a chance to earn real money. Dubbing itself as an online social network of investors, the site allows you to practice investing for free by offering you a $1,000,000 virtual portfolio, and a chance to earn cash by beating the market or writing powerful stock analysis. The site pays cash to members whose portfolios outperform the S&P 500 over the entrie month, or who submit insightful stock analysis. The site also offers money on referrals if the referral earns real money. The money is paid via paypal. The site is expected to use the recommended trading data for potential investments in its hedge fund.

The site also allows you to create or join a group to collaborate with friends and colleagues. In addition, the site is currently running a stock contest for students through May 31st, 2008. You can enroll at any time for a chance to compete for more than $10,000 in prizes for the highest portfolio returns and the most powerful stock analysis.

For details, see:

UpDown.com

UpDown.com: Spring08 Student Contest

To view the winners of the Fall 2007 contest, see:

UpDown.com: Fall07 Contest Winners

posted by Ruby @ 7:42 AM

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