Step 1, go to marketocracy and open an account, you can name you fund anything you want, I'm naming mine Hash.
In the menu you will see an option "public" this gives you a link that allows the public to see your performance without actually seeing the stocks in the portfolio.
Here is an example Public Page.
You can open the fund anytime you like and start adding stocks before the competition starts so you get used to the system. The competition starts Jan 1 2007.
Your fund must be compliant.
QUOTE
In order to be eligible for Marketocracy rankings, you must follow diversification rules that are similar to those that real-world fund managers must face. We require that you meet these rules for a majority (51%) of a given quarter in order to be compliant — so we‘ve designed this report to help you keep track of your current compliance statistics, as well as your historical compliance and ranking eligibility.
There are a few simple rules to remaining compliant:
1. You cannot purchase a stock so that it will increase your position to over 25% of your portfolio‘s value. If you violate this rule, your fund's effective inception date will be reset to the date that you bring the find back into compliance with all compliance rules, not just the 25% rule
2. If a sub-25% position rises in value above the 25% threshold (without additional purchases), your fund will be out of compliance until you sell of enough to bring it below the threshold. (However, your inception date will not be reset.)
3. You may only hold up to 35% if your portfolio‘s value in cash. The other 65% (or more) must be invested in stocks. Real fund managers are paid to invest, not hold cash, and so the SEC requires that they meet this cash rule — hence we also require you to follow this rule a majority (51% or more) of the time.
4. Half of your long portfolio may be in positions that may not exceed 25% of the value your total portfolio value. That means that you can have two 25% positions taking up that entire half of the portfolio, or, you can have five 10% positions (since none exceed 25%).
5. The other half of your long portfolio may be in positions that may not exceed 10% of the value your total portfolio value. At the least, this means that you would need to hold 5 long positions worth 10% each. However, you can (and likely will) hold a few more positions to make sure you have some breathing room below the 10% threshold.
6. Negative cash balances may not exceed 5% of total portfolio value. If this happens for more than 7 days per quarter, you are out of compliance. That means that you may not spend more cash than you have to buy stock — or in other words, you may not use margin.
There are a few simple rules to remaining compliant:
1. You cannot purchase a stock so that it will increase your position to over 25% of your portfolio‘s value. If you violate this rule, your fund's effective inception date will be reset to the date that you bring the find back into compliance with all compliance rules, not just the 25% rule
2. If a sub-25% position rises in value above the 25% threshold (without additional purchases), your fund will be out of compliance until you sell of enough to bring it below the threshold. (However, your inception date will not be reset.)
3. You may only hold up to 35% if your portfolio‘s value in cash. The other 65% (or more) must be invested in stocks. Real fund managers are paid to invest, not hold cash, and so the SEC requires that they meet this cash rule — hence we also require you to follow this rule a majority (51% or more) of the time.
4. Half of your long portfolio may be in positions that may not exceed 25% of the value your total portfolio value. That means that you can have two 25% positions taking up that entire half of the portfolio, or, you can have five 10% positions (since none exceed 25%).
5. The other half of your long portfolio may be in positions that may not exceed 10% of the value your total portfolio value. At the least, this means that you would need to hold 5 long positions worth 10% each. However, you can (and likely will) hold a few more positions to make sure you have some breathing room below the 10% threshold.
6. Negative cash balances may not exceed 5% of total portfolio value. If this happens for more than 7 days per quarter, you are out of compliance. That means that you may not spend more cash than you have to buy stock — or in other words, you may not use margin.
So far we have:
IR
shaya_getzl
Psychodad
FYI
TRA
Cynic
Aishel
Moshi
Adiel
Elana
accolade
and I can normally do this regular stupid people tech-y stuff. I wonder if all the worrying about the finance game is causing me to lose my brains just signing up (is there any way you can tell if there's a user fyihash signed up?)
