Category Archives: Financial

Long Game Savings – App Review

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Recently I have been trying a variety of different savings applications to see the different types of apps and what their strengths and weaknesses are. Right now the application I am using is called Long Game Savings. According to their website, over half of Americans play the lottery and 40% of Americans have no savings, so they created an application to combine both to help Americans save more money.

The only negative I have currently found is the interest rate compared to other savings account. The rate is only 0.1% interest. But when they combined the concept of being able to win money is intriguing.

There are 2 types of currency with this app, the first being real money that you transfer in from your checking account and the other currency being coins. Currently the app is free to use and you use the coin currency to try to win money. You gain coins by saving money and can win up to a million dollars.

Give it a try and let me know your thoughts.

Stockstream – Twitch Channel

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Watch live video from StockStream on www.twitch.tv

StockStreamLive is a social experiment billed as “The worlds first cooperative multiplayer Stock Market game using real money.”. Mike Roberts, the creator put $50,000 into an account on Robinhood which stocks being voted on by the channel’s chat. Think Twitch Plays Pokemon but using real money in a stock market. The experiment ends when the account reaches a balance of $25,000, so a loss of half the starting amount.

While I don’t participate in chat for the channel, I routinely monitor the portfolio and twitter feed @stockstream. It is interesting to see the gains and losses that Mike is getting with this experiment. Currently at the time of publication Mike is up over $1,000.