Join our Math Hackathon! - Dec. 11-12th, 2021

Global Investment Challenge - How to use the system

 

1) Login to the system 

To log in, go to the Global Investment Challenge Login Page. By default your PIN is a 5 digit number and your password is your first name with the first letter capitalized (i.e. "James"). Your pin will be sent to you before the competition starts.

2) Recovering a Forgotten Pin

Forgot your pin? No problem! This video shows how you can easily recover a forgotten pin.

3) Select Broker & Make a Plan 

Picking your Broker - Select one standard Canadian brokers from the options presented. Be careful, you can only choose one broker and 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. 

4) Buying and Selling Stocks

To buy and sell stocks enter the ticker, stock name, and current market value.  You can get this from any stock information site. The most common ones are Yahoo Finance and Google.  You can also select from a number of dividend options:

No Dividend - Select this option for any companies that don't pay dividends.

DRIP (Dividend Re-Investment Plan) - Your dividends are automatically put back into the underlying stock.  To select the DRIP option, you must purchase enough stocks such that your cash dividends will be enough to purchase at least one share.

No DRIP - Select this option when you want your dividends directly and not have them re-invested in the underlying stock.

You can verify your transactions in the "Statement" tab. 

5) Buying and Selling Mutual Funds 

Buying and Selling Mutual Funds is pretty much the same as stocks. You can only invest in North American mutual funds at the moment. You will need a Mutual Fund Ticker which you can get from Yahoo Finance or the Mutual Fund Company websites. 

6) 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 until 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. 

7) Buy Currency

You can do forex trades in all major currencies. The system's native currency is USD.

8) 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. 

9) 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. 

10) Cryptocurrency

You can trade with any cryptocurrency available on Yahoo Finance. You will need the value ticker available on stock trading websites.

The following cryptocurrencies are currently supported.

11) Shorts

You can short any stock, ETF, or cryptocurrency. You will need to purchase the sold assets within 3 days or you will be penalized 120% of the value at the end of the 3 day period.

12) Pre-Market and After Hours Trading

You can trade stocks outside of regular market hours using the Yahoo pre-market and after hours prices as shown below. If Yahoo finance does not have this information, check the Yahoo finance app or other sources.

13) Your Portfolio Statement

The "Statement" section summarizes your investment portfolio so you can see how your assets are performing.

14) Checking your Ranking

The "Ranking" section shows you your current position on the investor leaderboard.

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