How can Rainmaker help you, with regards to stocks
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Have you always wanted to invest in the stock market, but were just not ready to take the plunge? Too many financial advisors, but not enough room for thinking? Let’s start with the basics.
These days, it’s all about the experience. Rainmaker wants to offer you that fantasy gaming experience about the stock market, which so many people are intimidated by.
Implementing a strategy
Like any other game, strategy and planning is required. Just like in the fantasy game of Warcraft or Contra, you need a strategy to beat your opponent. Similarly, in Rainmaker, we need a clever strategy, which involves perfect planning and execution to build your portfolio. Be well informed, decide a budget, learn from your losses, and be confident in your strategy. There’s a mantra among day traders: “Plan your trade and trade your plan.”
Strategies can be investing money which we won’t need for the next five years, exploring passively managed index funds, limiting active stock trades to 10 % of a portfolio, investing in an IRA (Individual Retirement Account), or using the Dollar costing average.
Building from a small capital
First, let us understand the definition of small-cap stocks? Small-cap companies are those that have a market capitalisation of less than Rs 5,000 crore.
In Rainmaker, there is a nominal amount of money which has to be spent on the app. There are even contests for free, for you to get practice. The experience on the app is hassle free. You select a team, create a portfolio, and join the contest. Once you’ve joined the contest, you have to select your stocks.
If you are still slightly less confident, there are contests to gauge and improve your understanding, skill, and ability along with increasing familiarity to the application. These contests are free of any cost and do not yield any monetary rewards.
More you play, more you learn
Practice makes all of us perfect! If not perfect, we can always strive to learn more, before taking the plunge in the real stock market. This app gives you confidence and practice. You can see which strategies work, how much you want to invest and understand your risk appetite.
This portfolio/team value determines the winning or losing rank of a user in a contest.
More stocks you have, risk is spread out
Diversification can help an investor manage risk and reduce the volatility of an asset’s price movements. Remember, however, that no matter how diversified your portfolio is, risk can never be eliminated completely.
You can reduce the risk associated with individual stocks, but general market risks affect nearly every stock and so it is also important to diversify among different asset classes. The key is to find a happy medium between risk and return.
Rainmaker aims to revolutionise virtual trading in India. Making money, educating yourself and having a fantasy experience has never been better! Download the app now, to get a revolutionary experience! Available on Android and iOS.
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