The competition kicks off on June 15, but prospective participants can already register for it and start practising on the trading platform.
The competition is, of course, free and there is no risk for participants. But once more the best “investor” could walk off with R100 000 in hard cash.
However, this year there is also an Apple iPad and iPhone at stake for whoever finishes second or third respectively.
“Long-term investments in the best shares are among the best investments that anyone can make. But only about 300 000 South Africans invest directly in shares. Too many invest in unlisted schemes which carry huge risk – far greater than the risks on the JSE,” said Sake24 editor Ryk van Niekerk.
“I therefore see this competition as a vehicle for ordinary people to see how share investments work and how they can save with them.”
Gerhard Lampen, the head of Sanlam iTrade, says the competition is undoubtedly a terrific educational project.
“The competition is not only for prospective investors, but also for existing investors who may want to test new investment techniques without risk.”
The rules are much the same as last year’s. Each contestant receives a fictitious R1m and then has to grow this investment over a period of four months.
Participants may buy only the 100 largest shares on the JSE, or invest in index funds. They will also buy shares at the ruling selling price and sell them at the ruling buying price.
These simple rules make for a level playing field.
The person whose portfolio has grown the most by the end of the competition will pocket R100 000 in cash.
This is the fourth year that Sake24 has presented this competition in collaboration with Sanlam iTrade.
Just as in 2010, Sake24 will present a series of investment seminars across the country, where participants can learn more about how to choose the right shares. Additional details about the seminars will be published on Sake24 soon.
Register at www.sake24.com
If you have any problems with the registration process, email either email@example.com or firstname.lastname@example.org.
You have to register again for every new competition to enter. You must choose a new unique user name, but can use the same password. You also have to logon for the competition from this Sake24 page every time. Please save this page in your favourites.