| Product: |
CelebDaq |
| Date: |
30/10/05 (102 review reads) |
| Rating: |
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Advantages: Nice to try and predict Celeb activity
Disadvantages: Gets a bit boring after a while
Celebdaq is a Celebrity Stock exchange sit run by the BBC. The object is to amass as much money as you can by predicting which Celebs will make the headlines and grab the news. The reasons they make the newspapers or news is not important just the fact that they do. Sounds easy doesn't it.
You start of with a budget of 10000. From there you buy shares in the Celebs you think will do the business for you. As on the real Stock Exchange the Celebs are listed along with their current price. Obviously if a Celeb does not make the news for a while their price drops and so does your total value. However should one of your Celebs hit the headlines shares prices go up and in many instances sore making you lots of money, providing you sell at the right time. Selling at the right time is just a case of using your judgement as to when the current popularity of the Celeb will wane. It's not nearly as easy as I first thought.
You can buy as many shares as you want in one Celeb or divide your wealth among a few to increase your chances. You can buy and sell at anytime and pay commission charges of 1%.
The Celebdaq Player who has most money on a Wednesday morning gets £100. Not a fortune but a nice wee win if you get it.
On reaching £1 million you are credited with an icon and your money is dropped back to 10000. This is called being millionaired and is there so as to enable a level playing field. If you had millions to spend you could buy up all the shares in a particular Celeb and clean up. I generally check mine twice a day and buy and sell as I think. I've currently been millionaired 19 times so my icons are A yacht which symbolises £10M, A Sports car which symbolises £5M and 4 wads of cash symbolising a million each.
It's good fun and best of all doesn't take up an awful lot of time. Registering is easy. This is required so that if you win you get paid out.There is a players chart so you can easily find out where you are and how much you need to make to get in the real money. There are links to Movers and Losers so you can see the latest share prices. There is also a knacky ticker tape which can be loaded to ticker across your screen with price updates.
If you keep a Celeb for more than 2 days you will be paid a dividend on the shares you own of this Celeb which gives you more money to invest. Sometimes these dividend can be quite substantial and make a big difference to you chart position.
Your main Portfolio page shows all the shares you own, how much they were bought for, how much they are worth now, and the quantity you own.
The Celebdaq website is well laid out has lots of useful links to help you make your first million. It's not an overly attractive site but your only going to be there a short while so it isn't too much of an inconvenience. The parts of the website required for wheeling and dealing are very easy to use giving good information when it is required. It is a very comprehensive site. The game itself can be as simple or as complicated as you want so it is not merely for those who have stock exchange experience. I certainly had none. My highest position is 400 which is quite good considering there are 50,000 odd players.
All in all this is a good site to visit and the game can be very intoxicating and addictive, especially if you start picking the correct Celeb to be on.
Summary: Gooed free fun and a chance to win some cash
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