Kuwait University’s Finance Club in cooperation with KAMCO introduce KAMCO Stock Simulator for the first time.
Join and compete by trading stocks, analyzing, and managing your own portfolio. Participating helps improve your cv and work experience!
The competition will last for a month starting May 16th.
Investors will be ranked by the highest portfolio return.
- First place winner: 200KD
- Second place winner: 150KD
- Third place winner: 100KD
If you are willing to compete please send the following to admin@alphadinar.com, the deadline for sign up is on May 15th.
1) Your full name
2) Your E-mail
3) Your Civil I.D.
4) Your Mobile No.
* The Finance Club will charge KD5 as an entrance fee.
(1 votes, average: 5.00 out of 5)
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It is a great idea. I mean the competition part.
Stock trading simulators do exit, however, for education purposes, only, generally. However, in this case, there are prizes as incentives.
The scheme is intended to be self-financing, as there is the entry fee. However, it is my impression that initially there will be a loss. To bring in 90 players,at this stage, to be at break even level, seems to be difficult. (Note: Administrative expenses have been ignored in the calculation)
Except some individuals/institutions are there to bear the initial loss, I suggest to reduce the prize amount by 50%, initially, to reduce number of required participants to 45 and thus increase the sustainability of this great scheme.
Wish success to the scheme
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KU and KAMCO can afford the loss for the great publicity… This is considered petty cash for the two
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In & Out in a month isn’t called Investing…………..Change the name to the “Trading Competition”
and why charge a 5KD entrance? its not like the club is paying for anything!
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Sal Reply:
May 23rd, 2010 at 8:09 am
Dont kill the messenger ;p Glad to have you back Bo6air
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Bo6air: The club needs to make some sort of cash inflow to keep working at the level it is now. And ‘the club’ is paying for something, the prizes. Rafique was right, we had to get more than 90 players, and we did. Sponsers help, but dont forget, there is actual work and labor that has to happen from us to get them in the first place. Members dont get squat, but its always nice to encourage these types of learning experiences.
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Great Idea to promote skilled traders, so the months over now any idea who won?
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