2008 Woodie Awards
Web site teaches stock trading basics
Members can earn virtual money based on their portfolios
Thomas Katalenas
- Page 1 of 1
Anybody interested in investing $1 million in the stock market can do so online.
Investors are offered $1 million of virtual money, however, which is offered to members of the Web site www.theupdown.com.
The Web site was launched Sept. 5, CEO and co-Founder Michael Reich said.
Media director Josh Cline said the Web site is free for anyone to join and gives users the chance to earn money based on their virtual stock portfolio.
When users start their virtual stock portfolio they are given $1 million of virtual money with which to invest and create their portfolio.
Freshman secondary education major Neil Koontz said the Web site is a good idea because it will help people who do not understand how the stock market works without using real money.
"It's a very good idea, because it will prepare people with knowledge of how the stock market works," Koontz said.
Reich said the The UpDown will collect information from user's portfolios and stock analyses, sell them to real investors and then some of the profits are given to the users of those portfolios and analyses.
Cline said The UpDown will analyze the virtual trades of all of its members to build community-based investment strategies.
Investors are offered $1 million of virtual money, however, which is offered to members of the Web site www.theupdown.com.
The Web site was launched Sept. 5, CEO and co-Founder Michael Reich said.
Media director Josh Cline said the Web site is free for anyone to join and gives users the chance to earn money based on their virtual stock portfolio.
When users start their virtual stock portfolio they are given $1 million of virtual money with which to invest and create their portfolio.
Freshman secondary education major Neil Koontz said the Web site is a good idea because it will help people who do not understand how the stock market works without using real money.
"It's a very good idea, because it will prepare people with knowledge of how the stock market works," Koontz said.
Reich said the The UpDown will collect information from user's portfolios and stock analyses, sell them to real investors and then some of the profits are given to the users of those portfolios and analyses.
Cline said The UpDown will analyze the virtual trades of all of its members to build community-based investment strategies.
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