This virtual stock market iPhone app lets you invest wisely in Oscar nominees

The red carpet is rolled out, the limos are arriving, the flash bulbs are popping and the first presenter is about to ask for the envelope, and you are perched on your couch reviewing  your virtual Oscar stock portfolio with the free “The Envelope” iPhone app.

This inventive iPhone app includes a virtual stock market in which you invest $10,000 in your predicted Oscar winners. I’m investing my full $10,000 into Sandra Bullock for best actress. If Sandy goes down, my portfolio is going to bust!

Your pick’s stock will rise and fall up until the envelope is opened on stage, so daily upkeep of your Oscar stock picks is crucial. The iPhone app offers a rock star section of expert Oscar picks, so if you are on the fence about a nominee, take a cue from the “All Star” section.

And of course, the iPhone app is from the Los Angeles Times, so there is a section to keep up on the latest movie news and Oscar buzz. You can also share your picks on Facebook and Twitter, and compare you rank to other users of the iPhone app.

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