

Stock Market Challenge
UMFO members will have the opportunity to compete in the 9th annual Stock Market Challenge which is generously sponsored by Canada Life (formerly Great-West Life)
Trading begins on October 1, 2020 and ends March 15, 2021. There are over $8000 in prizes to be won throughout the trading period.
Continuing from last year, members may also submit a 2-page investment thesis report for a chance to win $500 from Canada Life. This prize is independent of your ranking and is based on your ability to create a rational and analytical investment report.
Prizes are paid out each quarter (Q4 & Q1), at the end of the trading period, and as a random giveaway throughout the year. Become a member today to gain access to one of the largest campus-wide competitions.


Rules:
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The Stock Market Competition will start on market open October 1, 2020, with the 6-month competition running until market close March 15, 2021
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You must attend two Canada Life meetings to qualify for the prizes. This means a minimum of one (1) meeting hosted by Canada Life per semester
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You must fill out the survey provided by Canada Life
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Each participant will have $1,000,000
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Short selling, option trading, and the use of levered ETFs will not be permitted in the competition
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Participants may make an unlimited number of trades during the competition period with a minimum of one trade per quarter
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Viewing of other participant's portfolio will not permitted, and portfolios will not be permitted to be reset after the competition has starter
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The minimum purchase price for stocks is $5
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There is a 10% position limit for each participant's portfolio holdings
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Commission of $4.99 will be charged for each limit, market, or stop
trade. There will be no interest paid on cash.