Welcome to your next Evolution.
Tonight’s Competition is called “Opening Bell”
Campers, this round each team will get a chance to trade on the American Grit Stock Exchange. Each team will be given $10,000 and the chance to invest in different stocks which offer varying levels of risk vs. return, based on if they go “boom” or “bust” (i.e the chatzy):
Stock 1 offers a 70% chance of increasing the value of your invested money for a 30% rate of loss/return (i.e if you invest $100, you would end up with either $70 or $130 depending on if the stock went boom or bust).
Stock 2 offers a 60% chance of increasing the value of your invested money for a 40% rate of loss/return (i.e if you invested $100, you would end up with either $60 or $140)
Stock 3 offers a 50% chance of increasing the value of your money for a 50% loss/return rate. (i.e if you invested $100, you would end up with either $50 or $150)
Stock 4 offers a 40% chance of increasing the value of your money for a 60% loss/return rate (using the same example as before, $40 or $160)
Stock 5 offers a 30% chance at increasing the value of your money for a 70% loss/return rate ($30 or 170$)
Your team may invest your $10,000 however you want, but you must do so in increments of $100. After everyone has bid, the chatzy will decide whether the stocks go boom or bust (i.e the win/loss result will be the same for everyone that chooses to invest in that stock, but how *much* you win or lose depends on how big of a risk you took). Alternatively, you can decide to keep all or part of your money in the bank (again, increments of $100), which means you will not have any gain or loss on that amount.
Each team will have 30 minutes to decide on an investment portfolio and PM me their choices. Then I will chatzy to see which stocks go BOOM and which ones go BUST. The team with the most money at the end wins the Evolution. As an additional bonus, the winning team will split their winnings evenly and have that amount added to their overall money won on the records page.
Challenge begins on my go at 6 PM EST. Good luck!
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