ASX Sharemarket Game
This game is played on the ASX Website and runs a few times each year. It is popular and easy to run, with prizes on offer for winners.
Here is the strategy employed by some of the winning teams in 2012:
TAS 1 st : Brooke in Year 9 at The Friends' School
· Portfolio Value: $57,726
· Brooke bought 4 stocks and held until 23 October - then sold to cash. She invested in the industrials and energy sectors. The companies she invested in were SEK – Seek Limited, KAR – Karoon Gas, BPT – Beach Energy and STO - Santos.
· Strategy: 'I started the Game with two gas and oil stocks, Karoon and Beach Energy plus Seek. Later I bought Santos. Each week or two I reassessed my portfolio and the stocks I owned, as well as sought advice from websites and magazines. About half way through the Game I sold some shares to take profits. On the second last day I reassessed my portfolio. My portfolio had lost $200.00 in 45 minutes. During a discussion, I considered the possibility of selling out all my shares. I thought that the stock market may go down that night and the next day (Closing day) so I decided to sell all my shares and go into cash. This tactic was a very nerve racking one for me. However, it was successful as the market fell on the last day of the Game.'
TAS 2 nd : Kehnan in Year 10 at Lilydale District School
TAS 3 rd : Tim in Year 10 at The Friends' School