Global Investment Challenge - How to use the system
How to use the system
1) Login to the system
Use a 5 digit PIN and your first name
2) Select Broker & Make a Plan
Picking your Broker - Select one from the options made. You cannot change your choice after you pick it. Press Continue
Plan your Asset Allocation: This tells you how to divide your portfolio. You will have $30,000 virtual US Dollars to invest. The planning tool is non-binding and used to help you plan out your initial strategy.
3) Buying and Selling Stocks
To buy and sell stocks enter the information you need. You can get this from any stock information site. The most common ones are Yahoo Finance and Google. You can check your transactions in Statement.
4) Buying and Selling Mutual Funds
Buying and Selling Mutual Funds is pretty much the same as stocks. You need a Mutual Fund Ticker which you can get from Yahoo Finance or the Mutual Fund Company websites.
5) Buy & Sell GIC
When you buy a GIC, the platform fast tracks the interest so that 1 competition day = 1 month. This is to increase your learning potential by allowing you to trade more. You need to wait till the period is over before you can sell the GIC. If you try to sell before the period, you will have to pay a $50 penalty.
6) Buy Currency
You can do forex trades in all major currencies.
7) Limit Trades
You can set the Limit Price of a share and watch it till the end of the competition. Keep in mind that your limit trade will only go through if you have logged in.
8) DCA: Dollar Cost Averaging
DCA is set at only 7 days and it will invest the same amount in the stock you picked everyday as long as you are logged in. This is to enhance the learning experience. Once you place a DCA, you login go to the DCA trade and put in an order for the share you picked.