I've just discovered a social networking site with a twist: It's all about investing $1,000,000 in funny money and beating the S&P 500. If you do, you earn REAL money.
You're also compensated for bringing people into the network. And finally, you get paid based on your analysis of investments -- if a lot of people find your analyses useful, then you get paid even more.
How does UpDown.com make money? Well, since it's a startup, the short answer is they don't. However, that seems a bit flippant, doesn't it? Initial investors in the venture are paying for these outlays. The goal is to make money from the wisdom of its members. you see, they'll look at those individuals who consistently beat the market and learn from that, eventually turning that knowledge into a money-making machine.
I've decided to try it. Why don't you do the same?
Be sure to check out the development of my free eBook, "Stock Investing Basics."
Want to learn how to sell anything online? Here's how.
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