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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The FT is launching a new stock picking game for subscribers, featuring live daily trading, virtual portfolios and a real cash prize.
We’ve had more than 5,000 people sign up for the game already. All you need to do is follow this link to register your portfolio.
To play, select a minimum of five stocks and allocate each a weighting of between 5 and 25 per cent. You can trade stocks as many times as you like throughout the game, and you can create your own leagues with friends or colleagues. Players can only take long positions, not short, and penny stocks have been excluded.
The game starts at 8am BST on June 9 and runs for eight weeks. At the end of the competition, one winner will receive the grand prize of £1,000 (Terms and conditions apply).
Every week you’ll also receive the Top Trader newsletter, sent from the FT Money desk, which will update players on their league position and run through the best retail investing stories we have that week. You can unsubscribe at any time.
And a word of advice: ignore fundamental analysis. Buying good companies and selling bad ones simply won’t cut it. Everyone tries to do that and, chances are, they got there first.
If you’re going to get to the top of the leaderboard by the time the competition ends, then you need to find those needle-in-the-haystack stocks that yield massive returns.
This is difficult. And in real life, with real money, many investors prefer to follow Vanguard founder Jack Bogle’s old line about “buying the haystack”.
But this isn’t real life and it isn’t real money. It’s the FT’s new stock picking game, so roll up and have a turn.
Good luck!
