| Do you think this would make a better competition? |
| yes |
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56% |
[ 13 ] |
| no |
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43% |
[ 10 ] |
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| Total Votes : 23 |
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Message
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| Benjamin |
 Posted: Wed Feb 01, 2006 10:39 am Post subject: |
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Administrator
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Well it's true any major changes not relating to the portfolio % fix are like putting a bandaid on a 3rd degree burn.
Time/Money need to go to that first. |
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| nelaina |
| Posted: Wed Feb 01, 2006 11:04 am Post subject: |
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CFO
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| poornewb wrote: | | I would be for that. Having to hold 5 on the average, we could also have another competition for biggest gainer of the month if we wanted to make a monthly competition for the one stock runners. |
i agree with all  |
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| jdunn72 |
| Posted: Wed Feb 01, 2006 11:17 am Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11098.15 e$
Net worth: 11,098.15
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Well, I also believe it should not be based on the number of stocks you hold but the number of different stocks you hold (ie at least five different stock companies so to speak). And the winner should be the one with the highest percentage returned. Also, what is this percentage problem that is being alluded to?
Because percentages don't lie. Even if you bought one share that cost $1000 and it went up 100% and you had $2000. You would not beat the guy who bought 1000 $1 shares that went up 100% still $2000. Still a 100% return regardless.
Last edited by jdunn72 on Thu Feb 02, 2006 5:18 am; edited 1 time in total |
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| frusnak |
| Posted: Wed Feb 01, 2006 11:35 am Post subject: |
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CFO
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| I came to einvesting to hone my skills at investing and learn from other traders and people who are interested in the market. What I have for a return here isn't as important as what I'm learning and the interaction with other members. I think everyone who invests in the real market will have more than one share of one company's stock. So there should be a minimum amount of shares and companies in your portfolio to be eligable to compete. |
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| lostsoul01 |
| Posted: Wed Feb 01, 2006 11:45 am Post subject: |
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Investing Sr. Associate
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You know, now that I've given it some more thought, I think I might have to disagree with my prior post.
If you have a set stock picking method, there may be times where you only have ONE stock you are interested in. If you make say $10,000 on that ONE stock, it is no different than if you make $2,000 on five stocks. It doesn't make you any worse of an investor, just pickier than others.
I suppose the minimum limit of stocks is that diversification issue that everyone always pounds into our heads.
I guess the problem is the idea of buying and selling hurting your chances at the contest. I, for one, enjoy the contest a lot.
But in reality, picking one stock and watching it go up is not a problem. I bought the same stock I picked in January in my real portfolio and greatly enjoyed the 20% gain I saw that month.  So if this place matches reality, I see no problem. |
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| Im Not Warren Buffett |
| Posted: Wed Feb 01, 2006 11:47 am Post subject: |
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CFO
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My thinking about how this site should operate has changed alot since I've come here. I don't mind how its set up, I don't mind 10 e$ for trades (come on, would 7 e$ really make that much of a difference?) and I do my own running return because thats what matters to me.
Maybe now that I have 2%, I can force what I like on all of you.  |
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| Iceemaan |
| Posted: Wed Feb 01, 2006 11:57 am Post subject: |
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Investing Manager
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| jdunn72 wrote: |
Because percentages don't lie. Even if you bought one share that cost $1000 and it went up 100% and you had $2000. You would not beat the guy who bought 1000 $1 shares that went up 100% still $2000. Still a 100% return regardless. |
OOOh But the percentages DO lie grasshopper. The percentage now is based on EVERYTHING invested during the month. To include monies that have been made from trades and reinvested. So you are being figured at an unrealistic overall $ amount. As I stated before the percentage takes into all monies invested during the month to include past and present trades even though it is the same money it is counted twice (or more) if you are active like some of us. |
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| ladyvegas |
| Posted: Wed Feb 01, 2006 12:14 pm Post subject: |
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Investing Sr. Associate
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I'm in for it. I think above everything we should try to obtain the closest version of the real marketplace. As it is in the real world is how it should be here. I don't know exactly what all that would entail, nor how difficult it would be so I end with that.  |
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| jdunn72 |
| Posted: Wed Feb 01, 2006 12:23 pm Post subject: Ok |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11098.15 e$
Net worth: 11,098.15
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| Well reinvesting money earned doesn't really matter because you could lose on those monies lowering your overall percentage returned in the given month. I do see a slight disadvantage for new members as they have to pay fees on all trades to set up their portfolio whereas members who've been around more than one month can stay long on trades already made and realize gains without brokerage losses. To circumvent this disadvantage we could let new members get the first three trades free of fees as many firms offer some free trades for new members. That way if they come in at the end they still have to pay fees for two trades. It would really be good if they were in competition for at least one week to be considered for a win. |
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| vetelmo |
| Posted: Wed Feb 01, 2006 12:37 pm Post subject: |
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Moderator
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| So what about those who do have 5 or more and decide to pull out of a few of them for a week. What then? |
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| Vester |
| Posted: Wed Feb 01, 2006 1:17 pm Post subject: |
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Investing Sr. Associate
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| As a winner playing 1 stock ummm twice I oppose this change. Fix the percentage first. |
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| geb9696 |
| Posted: Wed Feb 01, 2006 7:41 pm Post subject: |
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Investing VP
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| I agree the percentage has to be fixed before a rule such as this can be put into practice. |
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| Im Not Warren Buffett |
| Posted: Wed Feb 01, 2006 7:44 pm Post subject: Re: Ok |
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CFO
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| jdunn72 wrote: | | Well reinvesting money earned doesn't really matter because you could lose on those monies lowering your overall percentage returned in the given month. I do see a slight disadvantage for new members as they have to pay fees on all trades to set up their portfolio whereas members who've been around more than one month can stay long on trades already made and realize gains without brokerage losses. To circumvent this disadvantage we could let new members get the first three trades free of fees as many firms offer some free trades for new members. That way if they come in at the end they still have to pay fees for two trades. It would really be good if they were in competition for at least one week to be considered for a win. |
10 e$ is irrelevant in the scheme of things. You start with 1000 e$, so the commission is 1% of that amount. Plus, for each post, you get 200 e$, or enough to cover 20 buys/sells. I see you already have more than 4000 e$, mostly from complaining about the 10 e$ commission. Is it really that burdensome? |
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| jdunn72 |
| Posted: Thu Feb 02, 2006 5:12 am Post subject: Re: Ok |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11098.15 e$
Net worth: 11,098.15
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| Im Not Warren Buffett wrote: | | jdunn72 wrote: | | Well reinvesting money earned doesn't really matter because you could lose on those monies lowering your overall percentage returned in the given month. I do see a slight disadvantage for new members as they have to pay fees on all trades to set up their portfolio whereas members who've been around more than one month can stay long on trades already made and realize gains without brokerage losses. To circumvent this disadvantage we could let new members get the first three trades free of fees as many firms offer some free trades for new members. That way if they come in at the end they still have to pay fees for two trades. It would really be good if they were in competition for at least one week to be considered for a win. |
10 e$ is irrelevant in the scheme of things. You start with 1000 e$, so the commission is 1% of that amount. Plus, for each post, you get 200 e$, or enough to cover 20 buys/sells. I see you already have more than 4000 e$, mostly from complaining about the 10 e$ commission. Is it really that burdensome? |
(Brushing the mud off the side of my sleeve.)
Easy,
The e$ money earned from posting is not (thankfully) figured in to the percentage returned. From the beginning of this thread I'd hoped I was clear enough in stating that I was new here, and it was an opinion, and I stated that I did not think negatively of this system. The topic thread asks for opinions on how you think this board could be better. Frankly the commission was taking second seat to number of different securities held. What can be called a portfolio?
Definition.
Portfolio: In finance, a portfolio is a collection of investments held by an institution or a private individual. Holding a portfolio is part of an investment and risk-limiting strategy called diversification.
Note the term investments is plural.
Call it what you want but, quite plainly it is not a portfolio if you are holding only one security.
I was asked to start the poll on this subject by Benjamin. I am offended by your accusation that I am a complainer when this thread calls for opinions to make things better. I also point out detailed solutions for people to work with. I have made several informative posts about books and a pick like ITRA which I have held in my portfolio since jan 26 or so. As I am not a new member now this month, I could carry over some of my positions so the benefit for new members would not apply to me. It looks like you are slinging mud at me for no apparent reason and you sir are offering no solutions or suggestions in relation to this matter, so I discount your last post as a negative attack on me.
Last edited by jdunn72 on Thu Feb 02, 2006 5:30 am; edited 1 time in total |
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| jdunn72 |
| Posted: Thu Feb 02, 2006 5:15 am Post subject: Re: Ok |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11098.15 e$
Net worth: 11,098.15
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| Im Not Warren Buffett wrote: | | jdunn72 wrote: | | Well reinvesting money earned doesn't really matter because you could lose on those monies lowering your overall percentage returned in the given month. I do see a slight disadvantage for new members as they have to pay fees on all trades to set up their portfolio whereas members who've been around more than one month can stay long on trades already made and realize gains without brokerage losses. To circumvent this disadvantage we could let new members get the first three trades free of fees as many firms offer some free trades for new members. That way if they come in at the end they still have to pay fees for two trades. It would really be good if they were in competition for at least one week to be considered for a win. |
10 e$ is irrelevant in the scheme of things. You start with 1000 e$, so the commission is 1% of that amount. Plus, for each post, you get 200 e$, or enough to cover 20 buys/sells. I see you already have more than 4000 e$, mostly from complaining about the 10 e$ commission. Is it really that burdensome? |
Plainly, the commission is not 1% if you take five or more positions, in fact it would be 400% more than that, or 5% which is a sizeable amount. |
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