Description:
Your Challenge
Your goal is to turn $10,000 into $100,000 in less than three
months.
Sound tough? It’s not in the world of StreetSage. That’s
because StreetSage is a virtual stock market that simulates
25 years of investing in only 10 weeks.
As a StreetSage investor, you’ll make decisions based
on realistic information with realistic results, and you’ll
have plenty of time to build wealth… or not. Either
way, you’ll gain valuable knowledge about picking, holding,
and selling stocks. The experience will serve you well when
it’s time to put your own money to work making more
in the real world market.
The StreetSage Stock Market
StreetSage is the first teaching tool to accurately illustrate
the virtues of long-term investing using a 25-year game-simulation.
Time passes evenly over the 10-week period—each week
equals 2.5 years in game-time.
StreetSage is entirely comprised of fictional companies,
financial data, and news items. Everything that you see was
drawn from extensive research of hundreds of companies since
1960 to precisely model the U.S. stock market
Besides its accelerated pace, StreetSage differs from the
real world in that:
• You pay all taxes and commissions immediately, rather
than at year end.
• StreetSage’s calendar holds no significance
to historical events. Its only purpose is to provide a perspective
of time.
Despite its fictional nature, StreetSage mimics the real
world in that:
• Taxes are assessed on dividends (cash payouts to stock owners)
are 15%.
• Taxes are assessed on capital gains (the profit made between the
selling and original purchase price) are 15% if you held the
stock for more than one year and 35% otherwise.
• Each transaction, purchase or sale, carries a commission
charge of $50
• You must choose your investments wisely because not
all of them will thrive.
Key Improvements
The StreetSage Alternative
StreetSage recognized the inadequacies of other stock market
games and built an advanced product engineered to teach young
adults the virtues of long-term investing. Our mission is
“To improve financial literacy among young adults through
novel approaches of practical, interactive education."
Here’s what we did:
Simulated Time
StreetSage is a continuously active game that runs in pseudo
real time. Annually, there are three sessions, each imitating
a 25-year investment cycle. Time elapses uniformly throughout
the 10-weeks as students can sign on at any time in the classroom
or at home. This allows for the teaching of long-term investment
fundamentals such as the importance of diversification and
the miracle of compounding. In this fashion, the risky investor
is deterred from taking a position in volatile companies while
the more sophisticated investor will be encouraged and rewarded
with a job well done.
Winning Isn’t Everything
In StreetSage, winning most certainly isn’t everything.
Although we do consistently post the current results of each
player and a leader board, this is only necessary to provide
an element of competition, thereby creating interest in the
subject matter. Alternatively, StreetSage provides a journaling
feature, recording a student’s reasoning behind each
transaction. Thus, by simply using the teacher administration
section, an educator can assess and grade a student’s
rationale rather than simply their performance.
A Most Realistic Simulation
StreetSage does all of the administration work for you. Trading
commissions and capital gains and dividend taxes are automatically
assessed as the student plays the game. We don’t hide
these facts but rather openly display them to provide for
further understanding of the realities of investing and consequences
of trading too frequently.
Fully Informed Decisions
StreetSage provides all the research and information an investor
could need. At your fingertips are company profiles, quotes,
financial statistics, charts and recent news. Furthermore,
detailed information about your portfolio is provided in easy-to-read
graphs and tables. Teach the value of diversification by looking
at how much of your portfolio is allocated to one stock or
another. Clarify important investment terminology with the
StreetSage Glossary to improve their understanding of news
items. And, track performance as it is related to analysis
to understand what works and what doesn’t. Overall,
enlighten students of the difference between investing and
gambling; guesswork will not cut it in the real world.
System Requirements
• Personal Computer running either Internet Explorer or Mozilla
• 56K or faster Internet Connection (broadband is recommended)
• Java Plugin for your web browser
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