"By drawing upon the community-based globalization made possible in the Web 2.0 age, we are challenging the way investment management works today.
How? By cultivating an interactive social network of ambitious individual investors and young financial professionals centered on content, community, and competition.
But not only is The UpDown a destination for investors to collaborate and compete using virtual portfolios and real-life brokerage simulations, its members also have a chance to make real money derived from their on-site analyses.
By aggregating the trading activity of its members, we compile a community-based investment strategy, which is then used to manage a real-life fund. We believe that the organic competitive analysis is the ultimate hedge to investment risk. Instead of just one fund manager, we have an entire community.
The revenues from this fund are shared with the top members of The UpDown on a weekly and monthly basis. It all comes down to the individual investors - the more qualitative their insight, the higher the fund dividends, and the more money they'll earn."