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Jul 20 2009

Practice Investing, Even Earn Real Money With UpDOWN

Today I came across this awesome website that lets you invest virtual money in the stock market.  It is called UPDOWN. It tracks the market just the same as any real brokerage does and lets you invest in stocks with a virtual account.  The cool thing is that you can even earn actual REAL money by winning contests. 

100% Free

The account is 100% free.  You only need an email address to play.  They do not ask for credit card info or nothing.  They do however offer you some programs and products while you sign up, but you are not required to purchased or sign up for anything.  I think they programs they offer help sponsor the site so they are definitely worth a glance.

You Start Off Rich!

You get a virtual portfolio of $1,000,000 to start off!  Yes, that is 1 Million dollars!

Win Real Money

There are two ways you can earn money:

Sponsored Contests

Each member can compete in the monthly and yearly performance contests.

You compete with all members to see who can beat the S&P 500 by the most. The higher you finish, the more you earn. All members who beat the S&P 500 earn real money. The top monthly performer earns $500.

To be eligible to earn money you must:

  • Have performed better than the S&P 500 during the contest time frame.
  • You must have traded at least once during the contest period
  • You must have logged into your portfolio at least once during the contest time frame
  • You must have an account with a verified e-mail address

Refer Friends and earn a Bonus

Do you know savvy investors? Use the "invite friends" link to invite them. We will reward you with a bonus that is equal to 10% of what the people you’ve referred earn in the monthly and yearly contests. You will receive the bonus whenever your referrals earn money.

Build Up Your Investing Skills

Another really great feature is the practice ytou will be getting by investing with no risk.  This way you can simply go by the numbers and invest smartly without the emotion involved with real money.  At the same time there is nothing to lose at all.

This is truly an amazing idea.  I am really glad I found this website.  I signed up right away and already made 3 trades and joined 1 contest.  I can’t wait to earn real money by beating the S&P 500!

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2 Comments on this post

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  1. Gabriel Celibataire said:

    thank you for the info :) ) sounds really great :)

    July 21st, 2009 at 1:54 am
  2. My Best Carpet Cleaners said:

    I vaguely remember my professor naming a couple of websites where you invest ‘virtual dollars’. Can anyone out there in the world of the ‘internets’ (as the kids say nowadays) suggest a couple of websites?

    August 1st, 2009 at 5:43 am

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