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From time to time, various Wall Street Raider fans have set up forums or blogs for players of W$R to swap stories, exchange ideas and game strategies, and check for developments relating to W$R.

We recently became aware that someone has set up a fan forum for W$R a year or two ago, at this URL:



New releases of Wall Street Raider or Speculator are also announced on this page.

Wall Street Raider now has its own secure website, since the WallStreetRaider.com domain name finally became available in 2019. Check it out!

However, the roninsoft.com website continues to be operational, for Wall Street Raider and our other software and publications.

CURRENT RELEASE: VERSION 8.57, released April 1, 2019

Version 8.57 is a revision of 8.50 and 8.55, which were released in December, 2018 and early February, 2019, and which built in an automated asset allocation system for banks, whereby each bank has asset allocation percentages for assets other than equities and business loans, which you can set for 5 categories:

  • Cash equivalents (cash and T-bills, the latter being introduced as a new asset class in v. 8.50);
  • Bonds (government and corporate);
  • Prime mortgages;
  • Subprime mortgage securities; and
  • Consumer loans

Also, some players wanted the ability to turn off automatic asset allocation, so we added a "Turn Off" button to the Asset Allocation Menu in v. 8.55, and we think we have fixed all of the errors that were occurring in automated bond trading. Accordingly, v. 8.55 is considered a "bug fix" and is a free upgrade to anyone who bought v. 8.50 -- and on Feb. 5, 2019, we emailed everyone who had bought 8.50 a link to download a free copy of 8.55.

One of the major changes in 8.55 was to change the accounting method for bonds held by banks and insurers, to use their adjusted cost (tax basis) on the corporate "books," rather than wildly fluctuating market value, when computing net worth, in order to smooth out fluctuations in their reported net worth (and stock price) somewhat, when interest rates are at extremely low or high levels. Another small change was to compute accrued interest on bonds up to the date of sale (paid by the buyer, received by the seller), except on D-rated bonds, which are still traded "flat," to use Street terminology, since they generally don't pay cash interest while in default.

We made a number of other improvements in 8.55 and a few in v. 8.56 and 8.57 as well. See the "Update Information" page on this website for details, which are too numerous to repeat here.

Unfortunately, and this is embarrassing, there were some serious malfunctions in the way banks traded bonds in 8.50, and another serious bug that was detected by several users later, in 8.55, which caused errors that could either unjustly enrich you or impoverish you if you owned a bank, when it did automatic bond trades, or could even make a game unplayable in some cases, as one error was actually corrupting the program code that was in live memory, by some sometimes trying to do a division operation with a divisor that was zero -- which microprocessors do not like! That was occasionally causing some strange results and sometimes astronomical values for money or stock prices, or sometimes adding up assets and arriving at a total of exactly zero. BECAUSE OF THESE GLITCHES, V. 8.57 IS A FREE UPGRADE TO ANYONE WHO BOUGHT V. 8.50 OR 8.55. Just email me at mdjenk@aol.com to request an 8.57 download link.

On September 15, 2015, v. 7.80 was released, which we expected would be the final significant upgrade, as we are about at the end of development of W$R, due to health problems (somewhat under control now), dwindling sales, and (mainly) having run out of good ideas for any major new features, after only 32 years of development (the first MS-DOS version was published in 1986). As such, WSR is probably one of the longest-running programs on the Internet (and going back a few years before there was an Internet, sold in stores, bulletin boards, and other places).

However, since the 7.80 release, the urge to tinker with the program never went away, so we eventually released version 8.0 and several minor upgrades after it. Version 8.0 was designed to make W$R MUCH more realistic and therefore more difficult for players to quickly finagle their way into the quadrillions or quintillions of net worth. The 8.0x versions cracked down on a large number of "loopholes" in the program, like the ability to buy futures on, for instance, a thousand times the actual world supply or annual production of a commodity. (However, I'm sure some users still find loopholes, but maybe not quite such large ones now.)

Version 8.0 and subsequent tweaks also include convertible bonds, a feature we had long wanted to implement, but always felt would be impossibly complex and difficult to build in, particularly when it came to doing complex transactions like mergers, liquidations, and spin-offs, if convertible securities of the corporate parties to such transactions were involved.

We had built convertibles into our other game, Speculator, but simply limited such complex corporate transactions where convertibles were involved in Speculator, to avoid the thorny problems, since players in Speculator don't control companies and thus can't force such transactions to occur.

After many long nights and much hair-pulling, wailing, and gnashing of teeth, we found it WAS a ridiculously complex thing to try to make work correctly.... However... we finally were able to implement convertible bonds in Raider, a fun new tool for investing and after much testing and tweaking, we eventually got the convertible bond prices to behave in a manner that is almost indistinguishable from the price behavior of real-world convertible bonds, which seemed like an almost impossible goal when we started. Players will find convertibles are not only interesting, lower-risk investments, but can also be issued at much lower interest rates than a company would have to pay on "straight" bonds or bank loans, and thus can be a good long-term financing alternative for companies you control.

Another recently added feature, suggested by a user, was to add stock price alerts, so you will be notified when a stock you are interested in buying or selling rises above or falls below a price per share that you specify.

Thinking back over recent years, here is a partial list of major features we have added at the request of players:

  • Put and call options trading.
  • Executive stock options and performance bonuses for CEOs.
  • Commodity futures trading.
  • Ability to invest in and store physical commodities.
  • Stock index futures.
  • Interest rate swaps (derivatives).
  • Stock price alerts, as noted above.
  • Automatic "sweeping" of cash balances to pay down a player's margin debt.
  • A system where players or companies can put stocks or assets up for sale, or view a list of stocks or assets being offered for sale (cheap) by other players or entities.
  • Advice ("from your lawyers") as to whether or not you should agree to settle or go to trial when antitrust suits are brought against your companies.
  • An "autopilot" system where you can turn most of the management of your controlled companies over to the simulation, when you control too many companies to properly manage them all yourself.
  • Cheats that involve being able to trade on "insider" information.
  • Ability to set asset allocation percentages for banks you control.
  • Addition of Treasury bills as a new asset class to invest in.
Obviously, we have had a wealth of good ideas contributed by users, including quite a few that we simply didn't want to take on, like building in rental real estate empire building and role-playing features. We have tried to keep the focus in W$R on stocks, bonds, options, futures, and other derivative investments, and not wander too far afield, like getting into Dungeons & Dragons, currency trading, or Bitcoin....

Click HERE for more details on new features in Versions 8.0 to 8.56.

The good ideas from players continue to come in.... Recently, one user suggested that he would love to be able to set asset allocation percentages for banks he controls, such as the percent the bank would invest in bonds, cash and cash equivalents, prime mortgages, subprime mortgages, and consumer loans. We added that feature in 8.50.

We were also reminded that corporations in the real world don't tie up all their liquid funds in bank CDs, so in the version 8.50, we made things a bit more realistic. Corporations now keep part of their cash as bank demand deposits (earning no interest), but also keep some of it in short-term paper, such as T-bills, so we added T-bills as a new asset class. This change makes banks more interesting, since any corporate customers they can attract that carry large cash balances will be providing those deposits to the bank interest-free, though there are overhead costs based on the total amount of bank deposits, including CDs (which are now only interest-bearing deposits of "the Public"). Still, that change can make banks more profitable and thus more interesting, although we also built in some more banking regulations and restrictions -- give a little, take a little back....

We've also added a number of new "ethical scenarios" since 8.0, including a couple more that you'll run into in 8.56, such as one involving (faulty) self-driving trucks, made by European auto companies, and some shady practices regarding health insurance claims denial by insurance companies. Other such "cheat" scenarios added since 8.0 include one involving autonomous killer robots (made by defense contractors) and another for a utility company that builds a windfarm on an Indian reservation, on a major bird migration route. All such "ethical" scenarios make for quick, easy profits... unless something goes wrong and backfires!

OUR STOCK TRADING GAME: Besides Wall Street Raider and Small Business Advisor, I now also publish Speculator: The Stock Market Simulation, a "spin-off" from Wall Street Raider that has been a parallel project for a long time, that I never seemed to get around to finishing.

In Speculator, you are not a billionaire tycoon who can influence or manipulate stock prices, but just a small, middle-class investor with a $100,000 inheritance to invest or speculate with. Rather than having an emphasis on taking over and managing companies, this is a "pure" trading game (which doesn't let you take over companies). It will that test your ability to research companies and profitably trade or invest in them. You may find it a lot more challenging than Wall Street Raider, as you have to be a nimble trader in stocks, bonds (including convertibles), options and futures. Besides which, we have made trading stocks or futures considerably more treacherous and difficult.

For details, or to try out the free (shareware) version, CLICK HERE. The shareware version (1.23) now has short sales, options trading and futures trading enabled (but you have to make some very good stock and bond trades in only 3 years in the shareware version to become eligible for the more advanced trading levels -- vs. 30 years to do so in the Registered Version).

W$R YOUTUBE VIDEO NOW AVAILABLE. An ardent fan of Wall Street Raider has recently been posting very detailed videos on a new YouTube channel, RakeM, showing users how to play (and win at!) Wall Street Raider, using versions 7.60 and 7.8x (and probably v. 8.0 soon). These are very well done, and Rakem (Mark Slatcher) has now completed posting all 55 episodes for 7.60, in which he played a game from start to finish (or to absurdity, with quintillions in net worth), showing how to maximize the use of various features and clever strategies. He is a very accomplished player, and found ingenious ways to generate unbelievable levels of net worth. The creativity of some W$R players is truly remarkable. (But be aware, that thanks to his discovery of some massive "loopholes," many of the tactics he shows in v. 7.60 through 7.8x are now either not possible or have been significantly restricted in 8.0.)

Here is the link to Rakem's newer series on 7.8x, which links to all of his other W$R videos: Wall $treet Raider YouTube VIDEOS

Rakem has also begun a (free) video tutorial. on YouTube. The tutorial series will go through every feature of the simulation, showing how each works. It is not about strategies, unlike his video series mentioned above.

NOTE FOR NEW PLAYERS -- RONINSOFT.COM TUTORIAL: A (free) step-by-step online tutorial for getting started playing Wall Street Raider, at: www.roninsoft.com/tutorial.htm. (The current release links from the W$R "Game Options" menu of W$R directly to the RoninSoft.com tutorial.) This is a VERY basic tutorial for new players, like how to buy or sell a stock, and so it may not be of much interest to experienced W$R "junkies."

ONE LAST NOTE: I still hope to find a new publisher that would have the resources to be able to "modernize" the program and still keep it working correctly, to carry on its development (and market it) for other platforms, like iOS and Android-based devices. Software firms that have attempted to "port" it up till now, even as simplified "dumbed-down" versions, have all failed to create a version that worked, and have given up or run out of funding.

After my continuously tweaking this program to massage every number in it since I began work on W$R in 1984, it has gotten ridiculously complex, and it is a minor miracle that it works at all. So I am not too optimistic about the possibility of finding a well-funded publisher to take it over, particularly since it is the extreme example of a "niche" program that only appeals to a small slice of the population -- generally, those of you with high I.Q.s. :-)

I'm 74 now, so I will not be around indefinitely, but will keep this website going and continue to provide free replacements for at least the next few years (hopefully). To all those of you who have supported Raider's development with your good ideas and by buying the upgrades over the years (15 times or more for some of you), many, many thanks for your support! I never made much money publishing Raider, but I have had a great deal of satisfaction from all the emails and letters from long-time players who say W$R was what enabled them to embark on and succeed in careers as hedge fund and mutual fund managers, options floor traders, and finance teachers, or as successful investors in the market -- not to mention the enjoyment I've gotten out of the intellectual challenge of matching wits with users, in my (vain) attempts to plug every loophole! (Sad to say, you guys have always found NEW loopholes....)

-- Michael Jenkins, May 27, 2019

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Send Mail to:  mdjenk@aol.com with questions or comments about this website or Wall Street Raider.

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