Playing the Market

November 28, 2006 - 7:23 PM by Allison

Want to invest in Israeli companies but lacking the knowledge and/or funds?

Can’t help you with the funds, but as for knowledge – you can learn a lot if you follow the blogger Nun Bet and his “Invest in Israel” series, who is playing a stock game, tracing investments in Israeli companies. The first post is here and today’s update is here.

Here’s the update. So far, he’s doing pretty well:

I have two stock simulations running. One game (Invest in Israel) is tracking an $1000 investment divided about equally among eight stocks. In the other game (First Israel Fund Game), I have invested almost $1000 in the First Israel Fund which is a “non-diversified, closed-end management investment company that seeks long-term capital appreciation by investing primarily in Israeli securities.”

Here’s where we were when the markets closed last week:

Invest in Israel Game: This group of stocks is up 5.90% since the beginning of the game. This is a 2% increase in just one week. The leader this week was Aladdin Knowledge Systems which was up 12.34% but there were other big gainers. Fundtech Ltd was up 11.56% and Check Point Software Technologies was up 10.14%. All but two stocks in this group are posting gains since the start of the game.

First Israel Fund Game: Reflecting the gains of the market, this fund is also up. At the close of the trading, this fund posted a gain of 8.11% since the beginning of the game.

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