I’m not usually one for entering contests, but the folks at Stockpickr have created one that’s caught my eye. Anyone interested in winning $1,000 each month (in addition to a variety of other prizes) only needs to sign up a free virtual trading account with $250,000 in cash and trade stocks. At the end of the month, the person with the highest gain, percentage wise, wins $1,000 in cash. The game is called Wall Street Pros vs. Main Street Joes Stockpickr Challenge.
But that’s not the only prize that can be won. Second place each month wins $500 and third place wins $300. Places fourth through tenth receive a free one year subscription to Jim Cramer’s “Real Money”, valued at over $225 each. Even if you have one good week in the competition, you can still win weekly prizes from Stockpickr, announced before every week begins.
Not all stocks will be available during the contest to trade, but more than 7,000 of them will be so there are a variety of options to choose from. Contestants must be 18 years of age to play and each month, Stockpickr will highlight some of the best and worst moves made. This challenge is meant to mirror real life investing, so every trade you make will be charged a broker commission. Other rules and regulations are included but I think I’ve covered the basics. Experienced and amateur traders welcome! Good luck.
And now onto the best money articles we found this past week.
A Guide To Saving and Paying Off Debt @ US News: When it comes to paying down debt, I’m a veteran and this list is a great start at how to find your way out of the debt hole, and start saving a little each and every month.
35 Things Not to Do When Ordering Delivery @ Budgets Are Sexy: I’ve made an effort to always make food at home but on the rare occasion I order out, it’s Domino’s pizza. This list will come in handy for future orders.
Seven Ways to Save More Money in 2011 @ Savings.com: Everyone makes New Year’s resolutions but being almost a full month into 2011, I can tell you my resolutions are long gone.
Top 10 Mistakes of Forex Traders @ Free Money Finance: The biggest mistake a forex trader can make is being a forex trader if their not ready. Fortunes can be lost in the matter of minutes and any amateur should open a practice account before diving into this game.
We Sold Our TV’s and Cut Cable @ Cash Money Life: Can you imagine a life without television because I cannot. Sure, if I lived my entire life without TV, I wouldn’t miss it but growing up and watching so much television, I think my mind would explode if I gave it up.
What Is Scripophily? The Collection Of Stock Certificates @ Own The Dollar: The first stock I ever purchased was Pixar way back when Toy Story was just an idea and even though I only owned five shares, the stock certificate I received was super cool.
And this past week, we participated in the following carnivals:
- Wealth Builder Carnival
- Festival of Frugality
- Carnival of Personal Finance
- Totally Money Blog Carnival
- Stock Carnival Ecstasy