The basic premise of the game is that you're given $50,000 and your challenge is to make it grow and are given a choice of 150 stocks to choose from.
It's been one month into ASX's share market game and my portfolio has been doing pretty well with a 6% gain in the one month (after transaction costs). My 2 worst performers have been Slater & Gordon and Crown (which i've sold). Contrastingly, my two top performers have been G8 Education and TPG Telecom (which together formulate about 1/3 of my total funds invested).
The game has reinforced my notions to stay focused on buying part ownership in quality businesses that can continue to drive earnings and are run for the shareholders. Because, this is what i believe drives share prices.
My portfolio currently ranks in at 55 out of 10,180 portfolios. I will update this post again in one month to track my progression.
While i don't advocate short-term movements in stock prices to judge one's performance, i'm quite pleased with my result so far (TPG is exempt as they released their half year results after i bought the stock). But who knows what may happen tomorrow.
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