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GolfInvestors : Jill Investor's Diary : December 18, 2002 (where fantasy becomes real)
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Jill Investor's Diary : December 18, 2002
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Jill Investor's Diary : December 18, 2002
   
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5:20 pm - I visit the golfinvestors.com site again to setup an account. I go back to the "Get Started" section and the "Get Started - Investor" page to read the step-by-step guide (again) for getting started as an investor. This walks me through setting up an account on golfinvestors.com, as well as some important pages I should visit to find out which stock market I can trade on now to make a trade on these stock markets, view history of my orders, and monitor my ranking on each market.

6:03 pm - Once I setup an account I am taken to the My Account - MAin PAge, where I see there are 2 active markets:

I review the 2002 Seaosn Market and see the market has been going since January 1, 2002 and will be finishing at the end of this month. Since I am a little behind in entering this market and with only 13 days left to trade on the market I turn my attention to the 2003 Season Market.

The 2003 Season Market just started on the 10th of December. It will finish on December 31st, 2003. So this is the market I have a viable chance to place well in the investor rankings.

For the 2003 Season Market, my Net Asset Value (NAV) shows $500,000 and my ranking says "Not an Active Investor".

6:15 pm - I click on the link of my $500,000 net asset value for the 2003 Season Market. This takes me to the My Account - Portfolio page where I can see the details of my portfolio for this market. Since I am new to the system, I have all cash in my account and not one share of stock of a golfer. Nor do I have any liabilities. $500,000 is the amount of cash I start out with in the 2001 PGA Season Market. I double check this by going to the detail information page of the market in the Markets section.

On the detail information of the 2003 Season Market I also find out when the market is open (days of the week, time market opens each day, time the market closes each day, the day the market started, the day the market will finish), along with margin levels, starting cash level, and commission structure.

 

 
     

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The GolfInvestor simulation markets are not considered gambling (see the definition of gambling). The GolfInvestor real markets are private markets in that all securities available on the markets have less than 300 shareholders. As well, the GolfInvestor real markets are excluded from U.S. Gambling Law H.R. 4954: Safe Port Act as the GolfInvestor real markets are governed by the securities laws of the Securities Exchange Act of 1934 for the purchase or sale of securities.

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