We would like to announce the 2nd winner of the investment challenge. The winner is Shakil. Congratulations! Shakil's portfolio return over the last 3 months was 98%. To check out Shakil's portfolio performance, please click on Winner
As a reminder, the terms of the contest were:
1. User needs to be registered on Sahi Hai.Those who are already registered will be automatically enrolled.
2. He must have a virtual portfolio of at least 15 stocks on Sahi Hai
3. The period under consideration will be 3 months starting Nov 30th
4. Each participant must have a minimum of 6 virtual trades (buy would be one trade, sell would be considered one trade) on Sahi Hai
We will continue to publish the portfolio and performance of the top performers on www.sahihai.com
The contest shall continue and we will announce new winners as on April 1st. The Sahi Hai community will continue to be able to check out the portfolio of the top performers : which should be additional input into your real world portfolio.
We would encourage you to do virtual trades and express your opinions on stocks / economy on Forum
We have added a new rule to our trading engine that prevents buying and selling the same stock within 30 minutes. You can, however, buy the stock at the current price and sell from a previously purchased lot.
Eg. You buy 100 shares of XYZ for today at 11am, and you pay Rs 100 per share. You cannot sell those shares till 11:30am. But if you had also pruchased the same XYZ company shares yesterday, you can still sell from that lot before 11:30am.
Our quotes are delayed by 20 minutes. We have noticed that some people may have access to real time quotes and they have been taking advantage of that information. If the quotes on the Sahihai site have not yet updated, but a stock has moved up, they would buy. After that they would wait for the quotes to refresh on Sahihai trading engine and sell immediately.
The 30 minute rule will remove the unfair advantage. If you have any other suggestions, please do comment.
We would like to announce the winner of the investment challenge. The winner isZaphod. Congratulations! Zaphod's portfolio return over the last 3 months was 19%. To check out Zaphod's portfolio performance, please click on Winner
As a reminder, the terms of the contest were:
1. User needs to be registered on Sahi Hai.Those who are already registered will be automatically enrolled.
2. He must have a virtual portfolio of at least 15 stocks on Sahi Hai
3. The period under consideration will be 3 months starting Oct 31st
4. Each participant must have a minimum of 6 virtual trades (buy would be one trade, sell would be considered one trade) on Sahi Hai
We will continue to publish the portfolio and performance of the top performers on www.sahihai.com
The contest shall continue and we will announce new winners as on March 1st. The Sahi Hai community will continue to be able to check out the portfolio of the top performers : which should be additional input into your real world portfolio.
We would encourage you to do virtual trades and express your opinions on stocks / economy on Forum
Forbes's Robyn Meredith has published an interesting book titled - The Elephant and the Dragon. It is worth a reading because of all the anecdotes and factoids. As India prepares itself to celebrate its sixtieth independence day on August 15, 2007, the internationally renowned magazine, Time, has come out with the cover story titled - India Charges Ahead. Especially interesting besides the articles, is the piece titled -
We have compiled below the summary of all Heard on the Street articles published to-date.
India's foreign exchange reserves hit $219. billion.
Investment of surplus foreign exchange reserves is going to add between $7 to $8 billion in interest to the kitty.
India breaches 100,000 mark when it comes to the number of US dollar millionaires. India recorded second highest grow rate of high networth individuals after Singapore.