The ultimate risk/reward trade for virtual investing – its is free and easy to register at the UpDown and users can earn real money at the site in two ways. The first is by beating the market (S&P 500 Index) on a monthly basis and the second is by referring investors. However, the referral system is designed to encourage legitamte referals only by basing the payment on how much the referred person earns on the site. So, if you refer someone who earns $100, you will receive 10% or $10 as a referral bonus. All money earned at the site is paid via PayPal so you will need a valid account and email to claim all earnings. Below is a summary of the UpDown directly from their website.
UpDown is the leading social platform for virtual investing – in addition to giving members $1 million in virtual money to invest, UpDown allows investors to improve their skills through collaboration, competition and aggregated wisdom. Described by major media outlets as “fantasy football meets the trading floor,” UpDown is the only free investment platform that allows members to earn money with zero risk of financial loss. Founded by two Harvard Business School students and one Harvard College graduate, UpDown is a privately held, privately funded company headquartered in Cambridge, MA.
My initial stock buys (with lniks to my past blog articles) under UpDown username 'ETFinnovators' for the open of trading tomorrow include the following:
Affymetrix (AFFX)
BioMarin Pharma (BMRN)
Culp (CFI)
Caraco Pharma (CPD)
Cypress Bioscience (CYPB)
Cytori Therapeutics (CYTX)
Home Diagnostics (HDIX)
Momenta Pharma (MNTA)
Altria Group (MO)
Napco Security (NSSC)
Yahoo! (YHOO)
UpDown is the leading social platform for virtual investing – in addition to giving members $1 million in virtual money to invest, UpDown allows investors to improve their skills through collaboration, competition and aggregated wisdom. Described by major media outlets as “fantasy football meets the trading floor,” UpDown is the only free investment platform that allows members to earn money with zero risk of financial loss. Founded by two Harvard Business School students and one Harvard College graduate, UpDown is a privately held, privately funded company headquartered in Cambridge, MA.
My initial stock buys (with lniks to my past blog articles) under UpDown username 'ETFinnovators' for the open of trading tomorrow include the following:
Affymetrix (AFFX)
BioMarin Pharma (BMRN)
Culp (CFI)
Caraco Pharma (CPD)
Cypress Bioscience (CYPB)
Cytori Therapeutics (CYTX)
Home Diagnostics (HDIX)
Momenta Pharma (MNTA)
Altria Group (MO)
Napco Security (NSSC)
Yahoo! (YHOO)
$9.56 (11/23/08)
