iPredict return on investment

iPredict just added a “return on investment” ranking – so that we can see who made the most out of their limited capital.

Although I am not on the list (Note: I wonder why, was my initial investment too low to be included?), I noticed that “Economist” is number 1. Furthermore, I’m relatively sure that the person currently in 3rd place is an economist.

Constantly economists are put down for their lack of forecasting ability – however they seem to be doing pretty well when their is money on the line 😉

Update:  The next day it was updated to include Goonix and myself.  Goonix is 8th, and I’m 19th.  I wasn’t involved in the election trading though so I’m not taking this as evidence of me being the worst economist 🙂

16 replies
  1. goonix
    goonix says:

    I would have been 6th had I not withdrawn most of the profit a couple of months back. 🙂

  2. Matt Nolan
    Matt Nolan says:

    @goonix

    I was under the impression that the included withdrawals in the return. I heard the equation was:

    ROI=(Current portfolio + withdrawls – deposits)/deposits

  3. Matt Nolan
    Matt Nolan says:

    I’m also ranked 426 – even though my ROI would be substantially higher. Supposedly they only included people who put in $20 or more. However, I put in exactly $20 – so it must be people whose initial investment was over $20.

  4. Eric Crampton
    Eric Crampton says:

    My ROI was great ’till I spend everything chasing a 20% gain on the climate stocks rather than saving it to earn returns elsewhere. That price being so out of what unduly offended me.

  5. Luke H
    Luke H says:

    I’m in a similar boat guys – I made a bit of money during the election off a $250 deposit and then withdrew everything.

    Months later, I deposited a similar amount of money and started trading again, following a somewhat different strategy. Counting just that deposit, my ROI would be about 1040%, more than double what it is counting my election trading.

    So it would be nice if you could reset the calculation if your account balance goes to zero, but that would be a bit iffy as well I s’pose. Just the way the cookie crumbles …

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