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 WHAT IS CELEBDAQ AND HOW DOES IT WORK?
CELEBDAQ is a celebrity stock exchange game. Instead of shares in companies you buy shares in celebrities. To play you have to sign up. Once you're signed up we'll give you a cool ten thousand pounds (that's Celebdaq pounds, not real cash!).
The aim of the game: to make as much profit as you can by buying and selling 'shares' in listed celebrities. The person with the highest weekly percentage gain is crowned Top Trader.
HOW CAN YOU MAKE MONEY?
1) Dividends: Every day we count how much press coverage each celeb gets. Then on Friday the shares you own will pay out a dividend, depending on how much press coverage those celebrities received. The more press coverage a celeb gets, the more money you make. To get the full pay-out you have to own the celeb from Monday to Friday.
2) Capital Gains: Just like in the real world, share prices rise and fall as demand for them changes - so as well as receiving dividends, you can make money by day-trading and buying low (when demand for a specific celeb is low) and selling high (as the celeb gets more press coverage and the demand for them increases). Prices are updated every 20 minutes so you can make or lose money on a celeb very quickly.
WHERE TO START?
1) First, create your membership and sign up (see below).
2) Once you're registered, the best place to start is My Portfolio which is where you can begin buying and selling celebrity shares.
3) Keep one eye on the market and the other on the entertainment press, and you could soon be raking it in!
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STEP 1: HOW DO I SIGN UP?
It's incredibly simple to sign up for Celebdaq and there are plenty of handy hints along the way to help you.
All you need to do is click on Create Your Membership, this will take you to the sign up process where you will be guided, step-by-step, through the registration. You will be asked to choose a username and password (both at least 6 characters) and enter some basic details. You can then use this username for all the other bbc.co.uk services you want.
Don't forget when choosing your member name that you won't be able to change it, so make sure you pick something that you're not going to be embarrassed by in a few weeks time. And nothing rude or offensive either!
If you get stuck just click on one of the helpful prompts that run alongside the registration form and you'll get full details of what you should be doing.
If you have already got an account from another bbc.co.uk site (like Sportdaq) that you'd like to use, then please hit Sign In.
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STEP 2: HOW DO I START PLAYING?
Once you've signed up go to My Portfolio, this will take you to the heart of your trading empire where you can conduct all your transactions. You can only get to your portfolio if you sign-in first. Find out more about your portfolio.
USING THE TRADING TOOL TO BUY AND SELL SHARES
First select the celeb you want to buy from the drop-down list. If you want more information either about the celeb or about their price history before you buy, click the VIEW PROFILE tab.
Second, choose the number of shares you want to BUY or SELL. You can type in the number you want to buy/sell and click the '=' button to see how much you are spending on that star.
If there's just one name you want to spend all your cash on you can choose BUY MAX to purchase as many as you can afford. You will be charged one per cent commission on all transactions.
Once you are happy with your choices, choose either the CHECK TRADE button, which allows you to see the sums before you buy/sell, or just dive straight on in and complete your purchase by clicking on the EXECUTE TRADE button. You can buy as many or as few celebs as you want.
CONFUSED? USE THE AUTO PORTFOLIO
The Auto Portfolio generates a list of celebs for you. The list will include four from the current fastest-rising shares, plus one random celeb for luck.
Many beginners find that the Auto Portfolio is the easiest way to start buying shares. This function is only available to you when your portfolio is empty and you own no shares.
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STEP 3: HOW DO I FIND OUT ABOUT A CELEB?
You can find out more about a celeb by clicking VIEW PROFILE on the Trading Tool inside your portfolio.
Alternatively, every single celeb listed also appears on one of the MARKET LISTS down the left-hand side of the page in the main navigation.
Clicking on the Overview will take you to a profile of all the shares listed on the market. You can also choose from any of the market sectors including TV, Pop and Movies...
Once you've found the name you want, click on the TRADE button which will take you to the celeb's profile page where you can read more about them and make any purchases you want to. Every listed celeb has a profile page. See Kylie's page below...
CELEBS' PAGES
1) DATA - If you wanted to take a look at how Kylie's shares have been performing, then you'd click on the DATA tab for regularly updated graphs, a price history and loads of facts and figures.
2) PROFILE - If you wanted to know more about Kylie you'd click on the PROFILE tab.
3) NEWS - For an archive of news stories all about Kylie you'd click on the NEWS tab.
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STEP 4: CAN YOU GIVE ME SOME TIPS?
The Insider has some great investment tips. You can read the Daq Diary which lists celeb events to watch out for.
Dividends and capital gains are closely related. When a celebrity’s dividend payout increases, they become more attractive (financially!), demand for them increases, and their price goes up.
Demand for a celebrity can increase because people expect a story to break. The story does not actually have to break for the price to go up. Demand can also increase because people expect people to expect a story to break. Demand can also increase because people expect people to expect people to expect… You get the point: it’s all mind games.
If you’re in it for the dividends, find out what ‘dividend yield’ is!
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STEP 5: I'VE GOT MORE QUESTIONS WHERE DO I GO?
If you have any other questions check out the detailed FAQ section.
If you're unsure about any of the terminology used on the site have a look at the Glossary.
If you need to speak to us directly Contact Us.
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