Fantasy FTSE 100 competition 2024
Our FTSE100 Competition, which runs from 6th February through to 28th April 2024 is open to all.
You and your family and friends are invited you to take part in our next FTSE100 Competition, which will run from 5th February through to 27th April 2024.
Even if you do not win, you can have a challenge with your friends and family. We want to have as many entries as possible so please take up the challenge and enter (or forward to) as many people as practical as soon as you can. This competition is open to all.
The object of the competition is to invest a notional £50,000 in an Investment Portfolio of shares of not less than five companies and not more than ten companies quoted on the London Stock Exchange FTSE100, which over a specified period of twelve weeks makes the largest gain or smallest loss in total value. A maximum of £10,000 in any one company. Further details are contained in the rules below.
A weekly report will be sent out so that you will know how your portfolio is doing. These valuations will be emailed to all entrants.
You will only be making a notional investment based on knowledge of the companies in the FTSE100 and the current financial landscape.
The cost to enter the competition is only £10 per entry to be paid as explained in the rules. An entry is made by submitting the entry form either by email or by post.
The prizes will be a voucher for £100 and will be awarded to the contestants who have made the highest gain over the period or in the event of there being no gain the least loss will deemed to be the winner. A “wooden spoon” prize – a bottle of malt whisky – will go to the competitor with the poorest performing Investment Portfolio.
Please ensure your entries are made before 4th February 2024. I hope that you will enter and enjoy competition.
FTSE 100 Investment Competition (February
to April 2024) Rules
1. Objective: The object of
the competition is to invest a notional £50,000 in an Investment Portfolio of shares
in between five and ten companies quoted on the FTSE100 London Stock Exchange,
which over a specified period of twelve weeks finishes at the largest amount in
the competition, even if less than the commencing value of £50,000.
2. Entry: The competition shall commence at 08:00
hours on Monday 5th February 2024 and finish at 16:30 hours on
Friday 26th April 2024. The
starting price for the shares of each company shall be the closing price on Friday
2nd February 2024. Competitors
must complete an entry form and pay the entrance fee of £10. The form is supplied in both xlsx and pdf
format.
3. Investment Portfolio: A competitor shall in the entry form name
between five and ten companies for their shares to be in the Investment
Portfolio and the amount of the notional investment in each company (maximum
£10,000 in any one), which must total £50,000 for the whole portfolio. The composition of the Investment Portfolio
cannot be changed during the period of the competition. As no shares are actually bought or sold, the
value of each investment in a portfolio will be determined by the increase/decrease
in the value of your portfolio over the period in question. Each Investment Portfolio will start with a
total value of £50,000 and will be valued at the finish of the competition
based on the FTSE100 price of the shares in it at the close of business of the
London Stock Exchange on Friday 26th April 2024. No account will be taken of any dividends paid
during the period of the competition and will not figure in the calculation of
revised portfolio values.
4. Portfolio Name: A competitor may choose any reasonable
unique name for each Investment Portfolio entered, which will be used in
publishing interim and final results. Weekly updates will be posted online so if
you do not want your full name to appear there, please make sure that you
give us the name you wish displayed.
5. Communication: A competitor shall provide an email
address for communication, which will be treated as confidential. Competitors will be notified of the number of
shares held in each company in their Investment Portfolio and weekly reports on
the performance of all the Investment Portfolios in the competition and the
final result will be published by email to the competitors.
6. Payment: Payment of the entry fee must be made
before 5th February either by bank transfer or cheque. It will be preferred if a bank transfer is
used. A bank transfer for each entry
should be made to Rotary Club of West Fife Charitable Trust (sort code 80-06-55
account number 00707555). If paying by
cheque please make payable to Rotary Club of West Fife Charitable Trust should
be sent by post to Douglas Scott, 47 Craigdimas Grove, Dalgety Bay, KY11 9XR with
the entry form giving the competitor’s Investment Portfolio name and email
address. A cheque can be sent for a
number of entries, but it must have with it a note of all Investment Portfolio
names and an email address for each entry.
7. Result and Prizes: All the Investment Portfolios will be
ranked according to their finishing value. The winner shall be the competitor whose
Investment Portfolio is valued at the finish at the largest amount in the
competition, even if less than the commencing value of £50,000. The prize will be a voucher for £100, with a
wooden spoon prize, a bottle of malt whisky to the competitor with the lowest
value Investment Portfolio.
8. Demoted Companies: In the event that a company leaves the FTSE100 Index during the period of the competition its shares shall remain eligible for the competition and shall be valued at the London Stock Exchange price and be included in the result of the competition.
