ASX Share Market Game Update and Long Term Portfolio Performance

The first ASX stock market game is underway and it has been a very impressive start. In just 14 trading days the national leader has a portfolio equity of $59272.88. My equity curve is a little bit less impressive suffering a draw down today of around the $AUD 2000 mark. Currently I am ranked 5th in the state and 25th in the country. The chart below shows my equity curve for the previous 14 trading days.

As you can clearly see the chart above shows my equity at the end of each trading day. It will be interesting to see what happens during tomorrows session. On average my portfolio has gained approximately 7.5%.

Some Interesting Game facts

National

• There are 13937 ranked players nationally (for a player to be ranked the must have purchased at least one listed security).
• The average national portfolio value is $AUD 49,162.12.
• 26.78% of players are in profit.

South Australia

• There are 1297 ranked players in South Australia (for a player to be ranked the must have purchased at least one listed security).
• The average South Australian players portfolio value is $AUD 49, 356.66.
• 30.15% of players are in profit.

What I found surprising was that such a small percentage of the players were actually in profit. There has been quite a bit of market volatility recently, maybe this could account for such poor performance. It is still early days I will keeping posting updates on a bi-monthly basis.

Economic Moats

In an earlier article I discussed the concept of an Economic Moat and constructed a long term portfolio based on the concept of “Economic Moats”. It has been a little over a month and this portfolio has made a small gain of $AUD 142.71 or 1.45% gain. The full performance figures are highlighted in the table below.

The fundamentals of each stock are also provided by Google finance and are shown below:

About the author

Mark - Is a 28 year old form Australia. He has a Bachelor in Economics and a Major in CS. He is currently working towards his CFP. His interests include algorithmic trading systems, artificial intelligence, game theory and poker.