The HL Investment Challenge

[screwballl]

From the VSE page:

Your uninvested cash will earn a money market fund interest, which will vary depending on prevailing market conditions. This money market rate is usually around 4-6% and is set by the game creator. Margins will be charged with interest as well, set by the game creator.

In a margin account, the asset is the market value of the stocks and the liability is the size of the loan taken out to pay for the order. The rule states the lowest equity percentage you can hit as a result of a transaction is 50%. This is called the initial margin limit. Example: You start with a $10,000 cash deposit and make a $15,000 stock purchase. You now have a $15,000 asset comprised of a $5,000 liability and $10,000 in equity. That's over the 50% initial margin; this trade will be executed. Note that interest will be paid by your account for debt margin. The default interest rate is 6% but game creators can change this using the Advanced Settings.

so with out game based on how Ron set it up:
Credit Interest Rate = 4%
Debit Interest Rate = 6%

Not sure if this is montly or over the course of the game.

[gvblake22]

Yeah, I saw the interest rates, but like you said, I don't know if that is monthly or what...


Ron?

[screwballl]

I looked through all the VSE support areas and it just says the default rate is 6%... ok... per week? per month? per game?

[Reloadron]

That's it, after today I am dead meat. My MDR tanked big time. Everything I have tanked big time. Soon I will be urinating in gutters and living under a bridge. I wonder if the new Super Wal-Mart is hiring greeters?

Make room on the bottom people, I'll be sliding in. What the hell is that commercial about "Life Comes at You Fast"?

Ron

[screwballl]

I decided to jump on some MSFT while it is down so when it goes back up I can sell it off... now I am waiting for AAPL to drop to do the same

and Ron... thats what you get for spending money on POT

[gvblake22]

Yeah, Apple is making me sick. That damn stock just keeps going up and up and Sameer and RAID just keep getting more and more money!

[Zambini]

Yay! CC is finally getting positive returns :D

[screwballl]

everytime I buy something it seems to drop shortly after... maybe I should buy some apple now and get everyone to lose money...

[wtcnbrwndo4u]

Originally Posted by gvblake22

Yeah, Apple is making me sick. That damn stock just keeps going up and up and Sameer and RAID just keep getting more and more money!

Hehe, yup yup... y'all know what to invest in baby!

I took an overall hit today, but I'm very close to topping RAID. I'm just waiting for my AMD stock to get back to cost so I can sell it back and invest in other random stocks.

[oldman_gamer]

I bought 200 shares of XOM yesterday and looked today to see it was canceled....like WTF.I didn't cancel it.I wanted to see if I made any headway....somehow got messed up.Hopefully it rains again before the end of the week so I can make more $$$$.