Big returns in Make a Million

Competitors in Moneyweb’s Make a Million competition have notched up impressive returns. Over a 100 contestants have notched up more than 25% in little more than two months, an effective annual return of about 150%.

There are 1 340 competitors in the game, 750 of which have made money so far. The returns include trading costs of about R120 a trade.

But there is more than a little luck involved, with top competitors riding the price volatility of small-cap stocks such as Anbeeco, Beige and Acc-Ross. On Wednesday, the top-placed trader was Marlene with a return of 140%; she had turned her initial R10 000 into R24 057.

Read more at MoneyWeb.co.za