Yup, we earned P200,000 just by showing up at the Philippine Stock Exchange trading gallery last Wednesday, November 28, 2007. Virtual money, that is!
Despite all the warnings of higher risk, disclaimers and the current volatility in the stock market, 17 MoneySmart readers who trooped to the PSE yesterday wanted to give stock investing a try. So, we agreed on a little experiment, similar to what our Money Makeover couple did last month.
We decided to each “play around” with P200,000 virtual money for one month. It works like this: we each decide how to allocate our money based on current stock market prices. We are choosing only a maximum of eight stocks that we want to trade.
We will each come up with a buy and sell strategy and a stock picking strategy. We will decide when to buy and sell our stocks for one month. Whoever earns most at the end of the month gets a free lunch!
You can join us. Even those who are overseas can join this game, and we will just eat your share of the lunch if you win hehe.
So, go open an Excel worksheet and start stock picking! Here are some of our photos.
(As you can see, we had people from all ages and different professions — dentists, IT professionals, real estate agents, businessmen and new graduates! It was a truly wonderful experience to meet you, guys!)
(One of the youngest in the group is Jose, a new graduate, who is determined to make his future earnings work for him. Alan, our real estate agent beside him, can be a mirror image of what Jose can become! The group is listening closely to the AVP presentation on how to get started in investing in stocks.)
(These two blew my mind away. They are businessmen and they came all the way from Lipa, Batangas to join the tour! Thanks Ver and Joey!)
Videos to follow, so don’t switch channels. Errr. Just visit MoneySmarts again in a while 
December 24th, 2007 at 3:42 pm
If you want secured and sure money, the traditional CD or time deposit dyan sa atin is okay, but nakatali ang income… If you invest sa market, malaki ang risk na malugi, but malaki din ang chances na mabawi agad, depende sa trend ng market.
Am looking forward na magbenta ng stocks ang leading telecom sa atin, bili ako kahit 100 shares lang. I heard, Cebu Pacific magbebenta din.
December 24th, 2007 at 3:40 pm
I leave all the worrying to Vanguard. With $100K minimum, they provide me a financial planner to take care of all my woes. Whenever WallStreet is down, sakit-ulo. Me time that I lost almost $20K na months of July-August, but were able to recover naman.
Try nyong bumili ng Google stocks. Last August nasa $400 lang sya per share, just recently $700 na sya. Growing sya talaga, as in.
goodluck. make sure na mapagkakatiwalaan ang firm that ul invest.
December 23rd, 2007 at 8:47 pm
Hi all,
I really am amazed how investing in stocks work, after i graduated college, i know i want to trade or something but i dont know the hows and wheres. Any group i can be a member…thanks……young generations now are in stocks unlike before.
December 6th, 2007 at 4:27 am
i won’t be comfortable investing in firms not registered in sec. but even if it’s registered there may still be some risks.
December 4th, 2007 at 10:26 am
Have you guys checked easy-forex.com, it’s an online forex brokerage that allows over the counter foreign exchange trading. errr, something like that. One time, easy-forex ran an ad in a local paper here in Cebu. My friends and I have been meaning to try it, but it’s unchartered waters for us. Any advice?