I don't know about you, but I am a relatively (and by that I mean extremely) competitive person. I was competitive in college and just as much now that I've started working. You must keep in mind though, that you can't show your competitive side quite as much in the real world, because that might be looked down upon. So, people like myself have to find other ways to channel our competitiveness. Suprisingly, it can still be done in a work setting. Hence, the "investment club" that I just started with 14 other coworkers.
So, here's how it works, and the first thing I freaked out about....$2500 minimum. I've only been working for 6 months, do you think I'm made of money? Not quite yet, but hopefully finding good investments will make me one! Each person pays $50 which goes toward investment research. Only the best of course, Valueline and a few Motley Fool newsletters. I've already made 2.5% and that's just in two days...I'm obviously really excited. A small portion of the pool of money will go toward whomever makes the most return by June 30th. To be quite honest with you, I don't even care about the winnings, I'd rather just make money in general.
We have a google group for people to "trash talk" other people's investments and to give tips to other people in the group on anything you may have heard from friends or other investors. I get excited pretty easily, so making money on my stock picks AND outperforming my coworkers is enough to make me giddy. It sure beats actually competing with coworkers to get better reviews and higher pay raises, which is just tacky and really is not politically correct in the workplace (or at least where I work).
In case you were wondering, the three stocks I've bought so far are WDC, RIO and MSFT. Check out some of their stats at smartmoney.com. Buy low, sell high.
Tuesday, February 12, 2008
Everyone Likes a Little Competition
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