Investors Chronicle, the renowned publication for private investors, has today launched a unique new social investment game and is offering cash prizes for the winning players.
Powered by an innovative software platform developed by British start-up Vidivici, the game allows players to manage their own virtual portfolio of £10,000 and invest it in UK stocks. Players compete not only to maximize their returns, but also to manage their risks, in one of four leagues ranging from "Cautious" to "Gung-ho".
The platform allows players to share their views on stocks, then pools and analyses this data, using the "wisdom of crowds" to produce tailored projections for each player's portfolio. It even suggests possible changes to improve expected returns or reduce risks.
Investors Chronicle's own views and analysis on shares are also available, so players have the information and tools at their disposal to manage their own portfolios - and win cash prizes - without having to risk any real money.
"Investors Chronicle has been finding new ways to help investors for over 150 years and is proud to be at the forefront of innovation in financial social media," said Investors Chronicle editor John Hughman. "I'm delighted to be able to offer our users the opportunity to participate in this unique new game."
Vidivici's founder and CEO Jeremy Mabbitt commented "It's an honour and a pleasure to work with such a respected publication as Investors Chronicle. We're excited about the potential of this game to show how with the benefit of our technology, people can take greater control of their savings and investments, get better returns and have fun in the process."
The "Fantasy Shares Game" is free to enter and available now at http://www.facebook.com/InvestorsChronicleOnline/app_234488880005264 - or visit Investor Chronicle's Facebook page and select tab "Fantasy Shares Game".