Why GrowMyKudi
Nearly 80% of millennials are not involved in the stock market, according to a new Harris poll commissioned by investing app Stash. Why? More than 40% said they feel they don't have enough money, 34% said they don't know-how, while 13% specifically blamed student debt.
GrowMyKudi will provide a platform where beginners and investment enthusiasts get valid investment education and place virtual trade. It is an interesting way of learning to make money with a virtual portfolio using real-time data. Users of GMK also get to grow their portfolio with a feel of the real stock market.
The benefits that come with the aforementioned includes, a real-time experience of an actual stock market environment, an easier way to learn about stocks and prepare for investment using a real environment.
GrowMyKudi is a simple user-friendly platform that is easy to navigate. You will have a splendid time on it.
Career Benefits
- The simulation is a step-by-step process for building an investment portfolio. It is an added advantage to your resume or career path as a Stock Analyst
- Availability of Market Data for research
- Investment Education for Beginners
- Healthy competition and Networking
GrowMyKudi Vs Others
| Feature | GrowMyKudi(GMK) | Others |
|---|---|---|
| Registration | It is relatively free and easy | Users need to enter card details |
| Discussion | Provides a discussion platform for the users | There is no discussion platform for the users |
| Rankings |
More detailed rankings,
i.e., Global rankings and game rankings |
Single ranking. It can be compared to GMK global rankings |
| Audience | A more refined audience can be defined |
It addresses a relatively global audience, i.e. specified games can be created for a target audience |
| Risk Tolerance Advisory | Yes | No |
| Limits to portfolio | Users can trade in as many games as they deem fit and spread their funds however it pleases them | Each player can run up to two funds, and also users cannot devote more than 25% of their total funds to a particular company |
| Ease of Use | The target audience would be users with no or insufficient technical knowledge of the financial market. | The target audience would be users with low or fair knowledge of the financial market |
| Trading objects | Bonds and stocks | Stocks |
| Candlesticks |
Yes. Hence, players can observe the foundational cause of the performance of their portfolio |
No |
| Trading Volume |
Yes. Hence, players can see how much of a financial asset has been traded over a given period of time |
No |