Investment Challenge - How To Play
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Below are instructions on how to play the Investment Challenge game. Please also see the full rules.
- You currently have the ability to cancel certain types of pending orders.You can cancel:
- Any orders placed when the market is closed may be canceled before
the market opens on the scheduled trade date.
- Any orders postponed due to trading halts or if open price is not available etc. (as indicated by the data on Yahoo! Finance).
- Any orders which remain pending for 15 minutes beyond the scheduled
execution time.
In these cases a "Cancel Order" link will be displayed on the order status page. Click this "Cancel Order" link and your cancellation will be immediately confirmed.
- Do I need to pay money to play the Investment Challenge or to be eligible for the prizes?
No. It's completely free.
- If I already have a Yahoo! account, do I need to do anything else to register for the contest?
Yes. You need to register for the game on the Investment Challenge registration page.
- How do I register for the contest?
Once you have a free Yahoo! account, you'll need to fill out some information on the registration page. If
you don't have Yahoo! account, you'll first be sent to a Yahoo! signup page, which will allow you to access all of Yahoo's
free, customizable services.
- When I try to access certain contest pages I get sent to the Yahoo! login page. Why?
Either you don't have a free Yahoo! account, or you aren't signed in. If you don't have an account, you can
set one up. If you do have one, just sign in on the login page.
- May I register multiple times and play in more than one account?
No. The rules explicitly limit each contestant to one entry.
- Do I have to register each month?
You will have to enter each monthly challenge in which you wish to participate. However, you will not need to reenter your
registration information. You only need to participate in one month to be eligible for the grand prize.
- Positions will be adjusted for splits after the close of the trading day on which the split first trades at the
split-adjusted price (the Ex-Div Date). If you sell the stock on this day, note that your portfolio will not yet have been
adjusted to reflect the split; you will not be able to sell the additional shares until the following day. All contestants
holding the shares on the previous day (the Div Date) will receive the extra shares, you are not required to have held them
on the record date.
- Dividends will be added to your portfolio after the close of trading on the dividend pay date (Div Date).
Dividends will be paid to all contestants holding shares of the dividend stock at the open on this date.
- You may not trade a stock on a day on which it has a reverse split.
- Holdings will only be adjusted according to the split and dividend information reported to Yahoo by its sources for this
information. However, Yahoo reserves the right to make corrections to holdings in the case of errors. Yahoo and its
information sources will not be held liable for any errors resulting from inaccurate data including split and dividend
information.
- Each entrant will be allocated $100,000 in "fantasy money" to make fantasy trades during the length of the contest.
- We take fantasy trade orders around the clock. Fantasy Trades placed after market close will be executed after the open on the next trading day.
- You can fantasy trade U.S. stocks from the following exchanges: NYSE, Amex, Nasdaq (except Bulletin Board).
- Notwithstanding the above, you cannot buy stocks valued under $5.
- Short selling is not allowed
- Margin is not allowed.
- You cannot make a fantasy trade on a stock until it has already been traded on an exchange on that day.
- You will be charged a fantasy commission of ten (10) "fantasy dollars" per trade.
- Open-end mutual funds are not currently available for trading.
- All trades are executed as market orders.
- Your fantasy order will not be executed until 30 minutes after it was placed.
- For information on stock splits and dividends, please see the Splits & Dividends.
- You may not trade a stock on a day on which it has a reverse split.
- You may not trade a stock on a day on which its ticker symbol changed.
- You can check the status of your orders on the Orders page. If an order fails
to be executed, you can find the reason here.
- At the end of each month, winners will be determined by fantasy portfolio value (net worth of securities plus cash in
each fantasy portfolio).
- Each month, prizes will be awarded as follows:
- The top finisher will be awarded a $5,000 cash prize.
- The second place finisher will be awarded a $3,000 cash prize.
- The third place finisher will be awarded a $2,000 cash prize.
If you have questions about the Investment Challenge which aren't answered here or in the rules, please post on the message board Investment Challenge Help. If you have a question about
other parts of the Yahoo! Finance service, please see our other FAQs or the
Yahoo! Finance Infodesk.
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