CNBC’s “Million Dollar Portfolio Challenge”
I'm an investor, and I love to play the stock market. I may (read: “probably will”) share some of my ideas about certain stocks on this blog in the coming days, weeks, months, etc.
Perhaps you’ve seen where CNBC is running a twelve-week contest called the “Million Dollar Portfolio Challange.” Entrants are given an imaginary portfolio of $1 million to invest in stocks. In each of the first ten weeks of this contest, the player whose portfolio gains the greatest percentage in value wins $10,000 in real money and becomes a finalist to compete in the final two weeks. Ten more finalists are determined by the top 10 portfolio gainers overall for the whole ten-week span. Those twenty individuals then start anew with a $1 million portfolio and compete for the final two weeks. At the end of those two weeks the player whose portfolio has the highest value wins a grand prize of a real one million dollars.
Well, I love a challenge, so I thought I’d have a go at it. Yesterday was the third day of the third week in the contest, and here is my standing so far:
Perhaps you’ve seen where CNBC is running a twelve-week contest called the “Million Dollar Portfolio Challange.” Entrants are given an imaginary portfolio of $1 million to invest in stocks. In each of the first ten weeks of this contest, the player whose portfolio gains the greatest percentage in value wins $10,000 in real money and becomes a finalist to compete in the final two weeks. Ten more finalists are determined by the top 10 portfolio gainers overall for the whole ten-week span. Those twenty individuals then start anew with a $1 million portfolio and compete for the final two weeks. At the end of those two weeks the player whose portfolio has the highest value wins a grand prize of a real one million dollars.
Well, I love a challenge, so I thought I’d have a go at it. Yesterday was the third day of the third week in the contest, and here is my standing so far:
Number 1,996 may not appear to be wonderful, but when you consider that there are at least a quarter million contestants, it’s not too shabby either: (1,996/250,000 = 0.8%). I’ve managed to do well I believe, but I’m obviously going to have to do much better if I expect to win anything. My high water mark (in terms of rank) so far was after the end of trading on Monday this week, when my score looked like this:
Anybody else like the stock market?
1 comment:
I thought I did when my Sirius stock was almost up to $9 but now is taking a beating. I decided I hated it when my Arotech stock reversed split 14-1 and never regained strength. The market's not for the weak of heart, that's for sure, especially when you don't know what you're doing, which I obviously don't.
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