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What is the contest's goal?
The contest's goal is to outperform Coch Inevstors' portfolio and achieve the highest weighted average gain compared to all other participants. The goal is also to have fun practicing our investment research skills while gaining a chance to win real cash and prizes.
Not to forget that winning means you've earned the bragging rights that you outperformed some of the best investors in the Stock Card community.
How do you calculate contest portfolios' performance?
Each stock/ETF pick return: When you create a portfolio on Stock Card and add stocks or ETFs, it automatically calculates the return on your investment using the buy price and the current price. Portfolios are refreshed every 30 minutes to calculate each pick's return regularly.
Overall portfolio return: Stock Card also calculates the weighted average return of all orders in each portfolio and shows the result on top of each portfolio page. To win the contest, your weighted average portfolio return has to be higher than all other participants and the Couch Investor's portfolios.
Important Note: In December 2022, Stock Card enhanced how the portfolios' overall return is calculated. Before this enhancement, the portfolio return was the simple average of the return of all orders in the portfolio. After the enhancement, the portfolio return is the weighted average of the return of all orders in the portfolio. This enhancement is based on users' feedback and to better replicate the real-life return calculations where often the biggest winners play a disproportionally higher role in your wealth.
Who can participate?
Who: Anyone can join the contest as long as you are at least eighteen (18) years old at entry and you create a free account on stockcard.io.
No purchase rule: Remember that no purchase or VIP subscription is needed, and the contest is subject to federal, state, and local laws and regulations.
Social media follow: To qualify for contest participation, all contest participants must follow Stock Card's Twitter and YouTube channel and Couch Investor's Twitter and YouTube channel. Following these social media channels allows you to receive notifications and updates about the contest, winners, and live events.
Stock Card Twitter: https://twitter.com/stockcardhq
Stock Card YouTube: https://www.youtube.com/c/StockCard/featured
Couch Investor's YouTube channel: https://www.youtube.com/c/CouchInvestor
Couch Investor's Twitter: https://twitter.com/Couch_Investor
Legal requirements: To review the contest's official rules, please visit the Contest Rules page on https://stockcard.io/contestrules URL.
How long does it last?
The Beat The Couch Investor contest begins on 1st June 2022 and ends on 31st December 2022.
What can I win?
The winner of the contest gets $250 cash. Also, the top five portfolios that beat Couch Investor's portfolio at the end of the contest get 3-month Stock Card VIP access, a $74.99 value.
How do I join the contest?
You can join the contest by creating a new portfolio and choosing your Portfolio Goal as "Beat The Couch Investor"
You must also make the portfolio public in the last step of creating your portfolio by selecting "make portfolio public." This will publish your portfolio on our Portfolio Center.
Once you create your portfolio, you should add stocks and/or ETFs to your portfolio. You should add these investment ideas to your contest portfolio between the contest's start and the end date.
You cannot use backdates or edit the portfolio after publishing it.
Note that we will disqualify entries before or after the Contest Period.
How do I know if I won?
Stock Card and Couch Investor will announce the winners within 15 days after the contest ends on 12/31/2022. We will also notify the winners via the email you used to create the account on Stock Card.
Please make sure you have created your account using a valid email address. If you wish to change your email address, visit your account management page: https://stockcard.io/auth/account/profile
What are the contest's Official Rules?
Please review the contest's Official Rules (https://stockcard.io/contestrules) for detailed legal information that all participants must follow. Entries that don't comply will be disqualified.
What if I have more questions?
If you have any questions regarding the contest, ask them using the live chatbox on the bottom-right corner of the screen on Stock Card.