Karels Investopedia Portfolio

[Karel]

So, I am again Mimicking $$$Mr. Market$$$. I have created a portfolio for one of the stock games on Investopdia. Unforunately this is only viewable with a (free) Investopedia account, but then you will be able to check the holdings and trading history too, I suppose. That was not possible on Marketocracy. Currently I rank 821 from 3989, with a Portfolio Value of 1,000,000 (the start value).

So, I got a Top 3, UBNT, AGX and THO, and I picked THO, a recent $$$Mr. Market$$$ pick. It gained another 15% since $$$Mr. Market$$$ sold it, but who cares. It will be my first pick of a portfolio of 8, each position entered at approximately 10% of the then current portfolio value. So I ordered to buy 970 at the Open. (Never buy at the open, but this is for convenience.)

Wish me luck! No, better, wish me success!

[Karel]

And THO is a NYSE stock, and the NYSE observes MLK day. Good. I’ll wait another day.

[Karel]

So THO entered my Investopedia portfolio at 101.83 it now is at 99.56, which makes my portfolio perform just a bit worse than SPY over the week, and at only 10% invested. The aim is 80% and a better performance. My next pick is NVDA.

[Karel]

Some musings on the Investopedia Stock Simulator.

1. I miss Marketocracy. There are no fees and transaction costs on Investopedia and where Marketocracy imposed a limit on your fills, here orders just fill. There is a top 10 or so where people make crazy trades, trading a whole days volume in one day, on penny stocks. As those trades don’t drive the stock price, that makes for easy gains. But with that said, I don’t mind too much. Investopedia is just for keeping score and it does that, even if a bit less realistically than Marketocracy.

2. My portfolio dropped to rank 6034 for today. The large drop is mainly because some 4000+ entries are still at the initial 1,000,000. When my portfolio gets positive, I will jump some 4/5000 places up again.

3. I got lucky on NVDA, more or less ($103.80). I accidentally entered a market-open order, and that worked well that day And no, no special transaction costs.

4. I plan to buy 8 stocks, position size about $100,000, or 10%. Then I will sit back and wait until one of those stocks hits a 5% gain or goes 3 months without a 5% gain. In the latter case, I will replace it, in the former the stock will start a new 3 month period.

[Karel]

2. My portfolio dropped to rank 6034 for today. The large drop is mainly because some 4000+ entries are still at the initial 1,000,000. When my portfolio gets positive, I will jump some 4/5000 places up again.

Completely unimportant, but just as an illustration: my portfolio turned positive yesterday, and its rank now is 529.

[riverbabe]

completely unimportant, but just as an illustration: My portfolio turned positive yesterday, and its rank now is 529.

nice!!!!!!

[riverbabe]

Karel, this one is for you! And THANK YOU! https://www.youtube.com/watch?v=ELD2AwFN9Nc

[Karel]

Karel, this one is for you! And THANK YOU! https://www.youtube.com/watch?v=ELD2AwFN9Nc

I also like the breakthrough in thorny mathematical problems using the theory of alternative facts.

[riverbabe]

Completely unimportant, but just as an illustration: my portfolio turned positive yesterday, and its rank now is 529.

Got it through FB!

[Karel]

Got it through FB!

Ah, nice to hear that worked for you.