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Sharemarket Game news

Read the latest tips and updates for the Sharemarket game

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Game 2, 2022 registrations open on July 7

  • Game dates: 11 August - 24 November 2022

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And the winners are…

Our winners of Game 1, 2022 Sharemarket Game managed to survive a volatile market by devising smart strategies, then sticking to it. Here’s what was behind their success.

Game1, 2022 Sharemarket Game had a few thrills and spills for participants, as the Australian share market yo-yoed its way through geopolitical turmoil and the ongoing pandemic. The results of the Game revealed once again the value of experience, a well-planned strategy, and the sense to stick to it.

Don’t forget to complete our survey. It only takes 5 minutes to do and it will help us make the next game even more interesting and insightful. 

Prize Player name State Final portfolio
First CengizKhan NSW $61,028.82
Second Scavenger NSW $57,614.40
Third wwright ACT $57,072.68
League 10 or fewer members AwesomeASXTraders NSW $51,892.29
League 11 or more members BFF2701_2022S1_Fri15 VIC $48,258.51

CengizKhan reigns supreme

Despite other participants’ valiant efforts, none managed to knock our winner, CengizKhan, off the top spot. A Sharemarket Game veteran, Cengiz first discovered the fun of the Sharemarket Game back in high school, participating again with colleagues in 2015.

After researching technical analysis and deciding it wasn’t for him, Cengiz discovered what’s known as a momentum strategy. The theory behind this strategy is to attempt to buy stocks during short-term uptrends and sell them after they have peaked. Cengiz also took a concentrated approach by focusing on certain sectors – in this case, energy and mining. He validated the choice of this industry by looking at the geopolitical situation, realising that the impact of the war in Ukraine was likely to continue for the duration of the Game.

Cengiz also placed stop losses on his stocks at 2% under the entry price – so if the stock price fell by this amount he would sell it, limiting his losses. Occasionally, if the price of this stock recovered, he would attempt to buy it again at a lower price.

This strategy may work in a short timeframe like the Sharemarket Game. But remember, investing in the sharemarket is a long-term proposition. Momentum trading can be risky as you can buy too early or sell too late, crystallising your losses. And in real life it’s important to ride out peaks and troughs over years, rather than selling stock during turbulent times.
 

Scavenger forages some winning stocks

Robert, aka Scavenger, is also a seasoned participant in the Sharemarket Game with at least 10 games under his belt. His experience paid off – putting him in second place overall with a portfolio valued at $57,614.40. Robert invested the largest percentage of his time at the start of the Game creating a watchlist of stocks, then did a brief check of his portfolio each week, adjusting where necessary.

Robert rightly took the view that energy and food stocks would rise in value because of supply shortages. His plan was to focus on coal and oil stocks and Exchange Traded Funds (ETFs), holding onto them while their prices remained high. He also purchased a strongly performing internet stock at the beginning of the game but decided to sell it after it steadily underperformed over time. 

Robert’s greatest lesson for this Game was learning to ignore small fluctuations in the day-to-day prices, and focus instead on the overall trajectory of the stock or ETF.
 

Wayne’s world

In third place was ACT participant Wayne, who participated under the pseudonym wwright. Wayne wrapped up the Game with a portfolio valued at $57,072.68 – just a few hundred dollars away from runner up Scavenger.

Wayne’s strategy was to buy and then hold companies that provided the best chance of upside, yet were stable enough to weather current market volatility. He selected his investments carefully, choosing companies that met some value-based criteria. He also took a contrarian view of the economic narrative, which in his view assumed “…a pain-free climate transition and reversal of globalisation.”

He focused on profitable Australian companies within the energy and commodities sectors, with a strong dividend track record, low debt and a low P/E (price to earnings ratio). While he was tempted to change his strategy and rebalance his portfolio, he held his course – and the result was a strong finish.
 

Why our winners differ from the final leaderboard

This year, the highest valued portfolio belonged to a financial services professional. While our rules allow people who work in financial services to participate in the Sharemarket Game, they are not eligible for prizes. This is why we haven’t listed Jack Cherry as our winner. But we’d like to congratulate him for achieving the highest value portfolio in this round, at $62,095.43 – an amazing total! In third place, we had sell lowww who is an ASX employee and therefore not eligible for prizes either. We congratulate him on a great result with a final portfolio value of $60,498.56. 
 

CengizKhan strikes again

Our national prize-winner, CengizKhan was also behind the winning league team in the 10 or fewer active members’ category – AwesomeASXTraders. The team finished the game with a portfolio of $51,892.29. Cengiz says he was motivated by the enjoyment of ‘showing off’ with his mates. The team enjoyed plenty of good-natured competition, and also shared ideas and research over their social media.

AwesomeASXTraders took on a similar strategy to Cengiz’s solo approach – seeking to buy stocks that were rising in value and selling them when they started to fall. They also focused primarily on the energy and mining sectors. And they turned to academic research to validate their investment strategies.
 

Monash Uni in a league of its own

Meanwhile, the winner in the 11 or more active members’ category was Monash University league BFF2701_2022S1_Fri15, who finished the Game with a portfolio valued at $48,258.51.

The team was led by Philip, who teaches BFF2701 Equity Markets at Monash – an undergraduate course that introduces students to the design of equity markets. In one assignment, Philip asked his students to sign up to the ASX Sharemarket Game and evaluate their trading and investment performance. 

Being part of the Game wasn't a prerequisite for the class, as they were able to map their progress on paper. However, Philip found that the students preferred to use the Game platform. He also discovered that trading while part of a league helped his students to stay motivated.

Each student chose their own strategy. Some preferred to use charts while others took a fundamentalist approach, trying to identify under or overvalued stocks. 

“The ASX Sharemarket Game is fantastic for discovering whether you can develop a sustainable competitive advantage in investing,” says Philip. He advises participants to devise an investment strategy before the Game and stick to it. Then, at Game’s end, they can either persist with it or devise a new strategy to test in the next Game.

On that note, if you’re a student or staff member at a university, the next round of the Sharemarket Game is going to include a new prize – one for the best performing individual university participant. So to all you students and academics out there, start getting a team together and be ready to join in the fun in round two of the 2022 Sharemarket Game. Registrations open on 7 July.

Equity Mates podcasts

Team members from Equity Mates will also sign up to participate in the Game. They will produce regular podcasts to discuss how they are going and the decisions they are making.

Comedian v Economist brings you an entertaining rundown on the macroeconomic landscape to demystify the world of money and help you get a handle on the bigger picture. Adam, the comedian, and Thomas, the resident economist will aim to arm you with the knowledge to become a better investor. 

Maddy and Sophie, the You're in Good Company hosts, are two friends, who've seen first-hand how intimidating, confusing and daunting the finance world can be and they know they aren't alone. They are excited to have partnered with ASX to take part in the Sharemarket Game and join the conversation about investing.

 

Previous episodes - Comedian v Economist

EPISODE 1 - LISTEN NOW

ASX Game: Let the games begin! CVE takes on ASX

In this first episode, Adam, the comedian, and Thomas, the resident economist, are joined by Alec and Bryce, founders of Equity Mates, to discuss how they are all going to approach the Game. 
 

EPISODE 2 - LISTEN NOW

ASX Game: Where to invest during a bear market

In this episode, Maddy and Sophie discuss different companies and industries that they think might outperform in the current bear market while they add them to their virtual Sharemarket Game portfolio.
 

EPISODE 3 - LISTEN NOW

ASX Game: Counting the cost of the war in Ukraine

The war in Ukraine is the only topic in markets this week, but in this episode, the boys also look at the takeover bid for AGL, the latest wages data, and why beer prices are going up in Amsterdam. 

EPISODE 4 - LISTEN NOW

ASX Game: How did the world debank Russia?

Why is consumer confidence down if no one can remember the news, and how has the commodity crisis gone everywhere? All this and more on this week's Comedian v Economist. 

EPISODE 5 - LISTEN NOW

ASX Game: Is FMG the new Tesla?

How are the boys tracking in the ASX game? Twiggy Forrest has launched plans for an infinity train,  consumers and businesses are seeing the world very differently right now, and why are we still in a rental crisis? 
 

EPISODE 6 - LISTEN NOW

How did Aussie start-ups become a massive magnet for cash?

Aussie start-ups have had a record-breaking funding quarter… where is all that money coming from? China might already be in recession, and Freddo Frogs are getting smaller. What’s up with that? All this and more on this week’s Comedian V Economist.


EPISODE 7 - LISTEN NOW

Inflation! Are home buyers about to get sucker punched?

Inflation came in scorching hot, but will it last and what does that mean for interest rates? And what happens to first home buyers if rates rise? All this and more on this week’s Comedian V Economist.

Previous episodes - You're in Good Company

EPISODE 1 - LISTEN NOW

Where to invest during a bear market

Maddy and Sophie discuss different companies and industries that they think might outperform in the current bear market while they add them to their virtual Sharemarket Game portfolio. 

EPISODE 2 - LISTEN NOW

A peek into how 3 millennials research stocks

We all know that Google can lead us down a rabbit hole of information, and when it comes to investing it’s no different. Maddy and Sophie review some of the techniques they incorporate into their everyday life that help them to discover good investments.

Important information

The views, opinions or recommendations of the authors of this market update are solely those of the authors and do not in any way reflect the views, opinions, recommendations, of ASX Limited ABN 98 008 624 691 and its related bodies corporate (“ASX”). ASX makes no representation or warranty with respect to the accuracy, completeness or currency of the content. The content in this market update is for educational purposes only and does not constitute financial advice. Independent advice should be obtained from an Australian financial services licensee before making investment decisions. To the extent permitted by law, ASX excludes all liability for any loss or damage arising in any way including by way of negligence.

 

Comedian V Economist is a product of Equity Mates Media. 

All information in this podcast is for education and entertainment purposes only. Equity Mates gives listeners access to information and educational content provided by a range of financial services professionals. It is not intended as a substitute for professional finance, legal or tax advice. 

The hosts of Comedian V Economist are not financial professionals and are not aware of your personal financial circumstances. Equity Mates Media does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given.

Before making any financial decisions you should read the Product Disclosure Statement and, if necessary, consult a licensed financial professional. 

Do not take financial advice from a podcast. 

For more information head to the disclaimer page on the Equity Mates website where you can find ASIC resources and find a registered financial professional near you.