sharewise is a platform for people interested in the stock market. On sharewise members can issue buy or sell predictions for stocks. It is easy to see which stocks are currently of interest to the community and what other investors think about your favorite companies. Using sharewise is completely free of charge.
sharewise was initially founded by me, Stefan Nothegger, in 2007. A few years later sharewise was sold to the Japanese company Minkabu. In 2019 Minkabu decided to focus solely on the Japanese market and therefore to shut down the platform. Due to the committed user base which is very fond of sharewise I have decided to continue the platform together with my brother Christoph. This necessitated a complete rebuild of the platform from the ground up, which I have done in my spare time.
Minkabu owns all the rights to the old sharewise, so the new version is developed from the ground up. No line of source code is identical to the old sharewise. If there's a particular functionality you feel is missing, gather enough likeminded people in the forums and we will prioritize the feature in development.
This is correct. sharewise is the passion project of two people, so we are listening closely to the suggestions of the community. Our aim is not to be direct competition to other websites about the stock market but to build on our core functionality like predictions and the forums together with the community to offer you the best possible experience.
Using sharewise is completely free of charge. We earn money through advertising and affiliate marketing, therefore we would like to ask you to not use any ad blockers web browsing sharewise and allowing ads in our newsletters to allow sharewise to keep operating.
The old sharewise operated by Minkabu has been discontinued. As we value your privacy no user-specific data has been migrated to the new platform. However, you can voluntarily choose to import your watchlists, predictions, portfolios and articles from the old version of sharewise for a limited time.
Simply find a stock via the search or markets area, select buy or sell and the target price on the right side of the stocks page and submit. Alternatively you can add a detailed description to your prediction in a forum thread for the stock.
As soon as you change your prediction the currently active prediction is closed. Contrary to the old version of sharewise you do not have to wait until your active prediction is closed to publish a new one, everything is handled automatically in the background with the next price.
Once a contest is started you have to issue five predictions which fulfill the contest criteria. These predictions form your contest portfolio. Additional information can be found directly in the rules of the contest.
The theory on which "Catch the Monkey" is based was formulated by Burton G. Malkiel, Professor of Economics at Princeton University and one of the world's most famous investment strategists. In his 1973 book "A Random Walk Down Wallstreet" which has since been reprinted nine times, Malkiel claimed that it would be wiser to have your portfolio picked at random by a monkey than to trust expensive financial consultants - a claim that has become known as the "Monkey Business Theory". This theory is now put to the test by sharewise. According to Professor Malkiel, all available information is contained in the current stock price. Opponents of this theory include the well-known value-oriented investor Warren Buffett.
The player whose portfolio has the best average performance at closing time on the last day of the contest wins the prize. If there are multiple first place finishers the contestant who issued the first prediction is the winner. If KongVestor wins no contestant is awarded the prize.
In order to ensure a fair competition each person may only participate with a single account. To receive a prize a member's profile must contain the real first and surname (this is not visible to other members). In case a reasonable suspicion arises that a winner has broken these rules we reserve the right to validate the identity of that member and if need be withhold his/her prize.
Stocks are added to your portfolio with the start price of the corresponding prediction. This prevents potential abuse when selecting very volatile stocks as well as through over-the-counter trading and the 15 minute time delay on stock prices. Example: when you publish a prediction during the night it gets a temporary starting price until the first trade after the markets open, at which point both the prediction and your portfolio position get a permanent starting price.
The performance of a stock is the difference between the starting price of the position and the closing price on the last day of the contest expressed in percentage points. Should you close a prediction while the contest is still running the performance is the difference between the starting and end prices of the prediction. The overall performance of the portfolio is the average performance of all five predictions. Sell predictions are also allowed for which negative performances is counted.
Yes. Your portfolio performance will only be calculated once you have five predictions. The first five predictions you issue after the contest is started are counted, but you do not have to publish them all at once.
Errors can happen - incorrect price data or problems with the calculations can potentially influence the results. sharewise reserves the right to make corrections after an in-depth analysis. This is to ensure that every contest ends with a fair result. Contestants can object to the final results of a contest until three days after the contest ends.