Earn money with UpDown.com with no risk

While I was researching for a project, I came across UpDown.com and thought it was a great way to earn some real money with zero risk. Sounds too good to be true? I thought the same thing, but go to the site and as I always recommend do your own due diligence.

So how does UpDown work? Basically, upon sucessful signup to the website, you are given a virtual portfolio worth $1,000,000 USD. With this portfolio, you can compete in contests for real $’s depending on the contest rules and how your portfolio performs.

Just recently, I entered the December 2008 Contest with a total prize pool of $3,000. The rules of this contest are simple:

December 1st, 2008 thru December 31st, 2008

Contest doesn’t accept entries after December 7th, 2008

Prize distribution:

• 1st Place winner: $500.00

• 2 – 10 place winners: $100.00

• 11 – 20 place winners: $10.00

• 21 – 100 place winners: $1.00

• 101 – 1,000 place winners: $0.50

• 1,001 – 5,000 place winners: $0.10

• All others who beat the S&P 500: $0.01

• Total Earnings Each Month: $3,000.00

That is right, if you simply beat the S&P 500, you win at least $0.01 and as much as $500….not bad for a virtual portfolio. If you are interested, feel free to sign-up with the below link:

As of right now, you can only trade stocks on the long and short side…I can’t wait until options become available. If you decide to signup, good luck…

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