Matthew Clinger wrote:
The first thing is, we need to agree on the rules.
We need a solid way to show that the start of each side's performance started at the same time. I propose using the starting prices for the day after we make the decision on what we want.
Secondly, we need uniform money and fees being applied to both sides. $7 to $10 seems to be pretty standard on the buying and selling fees.
You can create a portfolio of stocks or use indexes (either is fine with me).
We need to set a date for the start, so neither of us starts late. We also need to set an ending date (I prefer 1 year).
I would prefer to keep the trading to a minimum. I don't mind a position being liquidated if things go really badly (and even replaced), but I'd rather not have to keep track of an actively-traded portfolio.
Results should be updated roughly monthly.
Maybe make it six months... I can imagine people getting bored of following this.
Also, for keeping trading to a minimum, why not institute a fee for trades so that you can do as many as you want, but there's a price to it?