Fantasy Investment competition

[anonymous-user]

Based upon the differing advice given out by various people, some very sound others perhaps not so sound I’m proposing a Fantasy Investment competition.

You have £500,000 sat in a current account with Barclays Bank.

You have no ISA’s no Premium Bonds.

Your employed, 40% tax rate payer

Anyone wishing to invest in Premium Bonds will credited with whatever amount I win each month

Any sales/switches must be declared up front, there are no fees for doing so , nor are there ay underlying fund charges.

No use of “Lifestyle” investment choices thus no automated realignment processing

Exact investments have to be specified.

Any capital gains tax must be deducted from your investments in April next year and at the end of the competution

I was going to ask some at Intelligent Money for their input but it looks like they’ve
gone into liquidation.

It’s up to you to keep track of you’re investments, a simple spread sheet should suffjce.

If at any point you’ve lost £30,000 you’re eliminated

Proposed start date is 25th August

I’m trying to keep things simple, if anyone has other ideas please shout and we can all agree then before we start.

It’s meant to be a bit of fun !

[journeymanpro]

lancslad58 said:

Based upon the differing advice given out by various people, some very sound others perhaps not so sound I’m proposing a Fantasy Investment competition.

You have £500,000 sat in a current account with Barclays Bank.

You have no ISA’s no Premium Bonds.

Your employed, 40% tax rate payer

Anyone wishing to invest in Premium Bonds will credited with whatever amount I win each month

Any sales/switches must be declared up front, there are no fees for doing so , nor are there ay underlying fund charges.

No use of “Lifestyle” investment choices thus no automated realignment processing

Exact investments have to be specified.

Any capital gains tax must be deducted from your investments in April next year and at the end of the competution

I was going to ask some at Intelligent Money for their input but it looks like they’ve
gone into liquidation.

It’s up to you to keep track of you’re investments, a simple spread sheet should suffjce.

If at any point you’ve lost £30,000 you’re eliminated

Proposed start date is 25th August

I’m trying to keep things simple, if anyone has other ideas please shout and we can all agree then before we start.

It’s meant to be a bit of fun !

Sounds like a whole lot of fun...

[Simpo Two]

lancslad58 said:

You have £500,000 sat in a current account with Barclays Bank...

If at any point you’ve lost £30,000 you’re eliminated

A loss of £30K from £500K is only a fall of 6%... so you've ruled out a lot of investment options at the start.

lancslad58 said:

I was going to ask some at Intelligent Money for their input but it looks like they’ve gone into liquidation.

You could ask on the Cobens thread and see what they come up with.

[anonymous-user]

Simpo Two said:

lancslad58 said:

You have £500,000 sat in a current account with Barclays Bank...

If at any point you’ve lost £30,000 you’re eliminated

A loss of £30K from £500K is only a fall of 6%... so you've ruled out a lot of investment options at the start.

lancslad58 said:

I was going to ask some at Intelligent Money for their input but it looks like they’ve gone into liquidation.

You could ask on the Cobens thread and see what they come up with.

I just picked a number out of thin air. Feel free to make an alternative suggestion and we can use that instead.

[Simpo Two]

lancslad58 said:

I just picked a number out of thin air. Feel free to make an alternative suggestion and we can use that instead.

If the objective is to see who makes the most money, I think it has to be open to every investment from PBs to the 3.30 at Newmarket. How you treat fantasy money is of course very different from how you'd treat real money...!

[Hoofy]

Simpo Two said:

lancslad58 said:

I just picked a number out of thin air. Feel free to make an alternative suggestion and we can use that instead.

If the objective is to see who makes the most money, I think it has to be open to every investment from PBs to the 3.30 at Newmarket. How you treat fantasy money is of course very different from how you'd treat real money...!

Yep.

I'm torn between shorting the Dow and putting it all on a premier league football game with a known favourite having odds of ~1.9-2.1.

[clubsport]

It's all a bit vague isn't it?
When is the deadline or term of the investment goal ?
Monthly mark to market?

Investment parameters?

Any problem with selling a lot of out of the money calls and raking in the premium?
Easy to do the day before the contest ends if you want to win?

What's the worse that can happen, you get stopped out for a fantasy 6% mark to market in your face?

[anonymous-user]

clubsport said:

It's all a bit vague isn't it?
When is the deadline or term of the investment goal ?
Monthly mark to market?

Investment parameters?

Any problem with selling a lot of out of the money calls and raking in the premium?
Easy to do the day before the contest ends if you want to win?

What's the worse that can happen, you get stopped out for a fantasy 6% mark to market in your face?

I leave it to you to sort out then.

[Good Plan Ted]

Off to the Casino then.

[Good Plan Ted]

Off to the Casino then.

[brickwall]

If this competition does take off, then we need two benchmarks also on the league table:
- Cash benchmark: best instant-access savings rate available, adjusted monthly
- Stocks/shares benchmark: Global equity tracker

Each of these represents a reasonable “just do nothing” passive option.

[BoRED S2upid]

lancslad58 said:

I just picked a number out of thin air. Feel free to make an alternative suggestion and we can use that instead.

50%. If it’s not real money I will be investing in stocks that could do +|_ 50% in a month.

[Doofus]

Can't you do this already on eToro?