The Updown Beat the market. Earn money.

I started a portfolio with The Updown this past weekend and so far it has been very interesting. It's fantasy investing with a real reward check out the press release:

September 5, 2007 Young Entrepreneurs Launch Fantasy Investing Site Updown.com creates first innovative online social networking site for investors Cambridge, M.A., September 5, 2007- At a time when "The Up Down" describes the market on a daily basis, more and more people are interested in knowing what the right stocks and funds are and what the market will do tomorrow. Three Harvard entrepreneurs are gathering the best financial minds from around the country to figure it all out. Think fantasy football meets Wall Street-fantasy investing has found its home at www.updown.com. The colleagues, Michael Reich, Georg Ludviksson, and Phuc Truong officially launched The UpDown today. The trio is confident that by adding a new and exciting twist to the frenzy created by fantasy sports leagues, and incorporating a social networking component to their website, they will achieve great success in a new demographic market catering to financial investors. The UpDown is a destination for investors to collaborate and compete using virtual portfolios and real-life brokerage simulations. Community insight then will be used to manage a real investment fund creating an innovative investment methodology. The interactive social network also provides its members a chance to make real money derived from their on-site analyses and portfolio performance versus the S&P 500. "We feel that The UpDown will bring together a community of passionate investors who will be driven to the site to share collective wisdom and compete amongst their friends with real-time stock investments," said UpDown CEO Michael Reich. The UpDown is a free site where anyone can join, create a profile, and start building and managing their own virtual portfolio using $1 million virtual dollars while engaging in a real-life trading environment. Members can also write stock analyses voting a particular stock "up" or "down" and provide supporting arguments while the rest of the community has the opportunity to rate the quality of the analysis. Said Michael Reich: "The UpDown will challenge the way investment management works today by collecting the trading activity of our members and using community knowledge to manage a real-life investment fund where profits are shared amongst the community." UpDown.com is a fantasy investing website launched by Harvard Business School students Michael Reich and Georg Ludviksson and Harvard University graduate Phuc Truong. Each partner has significant start-up experience, and shares a common vision to revolutionize the investing world.

I have received my 1 million in play money and so far my portfolio has is 1.49 above the S&P 500 after two days of trading. Tuesday night I was also able to catch the news story on CNBC's On The Money. This I think for me will be a fun experience. and if you get the chance please check out the Updown for yourself

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