If this keeps up I won't have to flip burgers when I retire. Yep, I'm in the money. Two weeks of dabbling with a $100 stake and my shares are up a $1.29 on the all sports market. I'll try not to spend it all at one Tim Horton's.
Not that it makes a lot of difference. If you're going to invest a little time in this game don't use the grocery or mortgage money.
The more you know about the stock market and sports the better you're likely to fare. For instance, when you're buying Maple Leafs and Raptors stock the chances of huge payouts are in direct proportion to the chances of a parade down Yonge St. But, we tried.
The site has plenty of help aids but it took me -- admittedly a technological moron -- about 90 minutes to figure out how to work the basics. Read the rules. There are fines.
After setting up an account for $100 -- a credit card is required and you have to be 18 years old -- we bought two Raptors shares a nickel below market value at $7.95.
We bought two Maple Leafs shares at $5.60 market value. One share in the Bayern Munich soccer team cost us $11.10 and while Mike Weir was listed at $27.78 ask, we bid $17 for a share and it was accepted.
The Blue Jays might be a good long-term buy while nobody is expecting much from them -- especially since you're playing with people from the U.S.
By dinner time the Raptors had fired general manager Mike Babcock -- our share price plummeted 63 cents. The Leafs losing streak went to eight -- another $1.20 loss.
But our soccer stock soared $3.86 when Bayern beat Moenchengladbach 3-1.
We tried to buy a Devils' share for $4 under it's $15 value. No takers.
Leafs' win! Leafs win! Our shares go back to $6.45. We tried to sell the Bayern share for six cents below market. No takers. It seems easier to buy than to sell. And, Alexa.com, an Internet user site, does have advisories from people who weren't satisfied --one noting: "I will sell my $1,500 worth of shares for pennies and chalk it up to a lesson learned."
But, there also are many users who write about enjoying the site. But, as with anything online, you don't know who they are or where they're really coming from ... Hello, somebody just bought one of our Leafs' shares for $5.30. So, selling isn't impossible.
And Mike Weir?
A share is worth $2.45 more than the day we bought it -- and the guy hadn't even hit a ball yet.
A month later, our shares are up to $109.29.
Ah, somewhere a Muskoka beachfront property with my name on it awaits ...