« Housing Adventure: Home Viewing Marathon
Personal Carnival No. 6 »

million dollar portfolio challenege

It’s Just Money posted a call to get some people to join him as he participates in CNBC’s Million Dollar Portfolio Challenge. I’m going to join in. I’ve always wanted to do my own little virtual stock market playing and this seems like a fun way to give it a try.

Of course, playing the stock market in this sense, is very much a game and a poor indication of actual real investing. For me, investing is putting money in and expecting it to grow. There is jump, hip, hopping around to get the best short-term returns and following all the up and downs of the day to day market. It’ll be a fun adventure for a few weeks — hopefully it’ll hold my attention for the span of the contest — if not, there I’ll be making a 10-week long-term investment and seeing how it plays out.

If you wanna give it a try, go to the Million Dollar Portfolio Challenge website or email me for a referral and I’ll even “earn” extra “cash” from it. Game starts March 5th.

This entry was posted on Friday, March 2nd, 2007 at 8:51 am and is filed under fun, investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “million dollar portfolio challenege”



  • hopper
    March 6th, 2007 00:47
    1

    Donna,

    Guess what! Watch out for this in your CNBC Portfolio Challenge. Look closely at your purchases. It also happened to some friends of ours.

    Is this a joke? No it ain’t.

    I signed up and entered my stock purchases/transactions today, Monday, March 5th. They were posted to my “portfolio” BUT with Friday’s closing prices!???!

    I knew they would screw something up, but I didn’t think it would be something so simple as daily prices. Maybe I should ask for some 2004 prices if they are backdating transactions! :)

    This game has the feel of being made up by some advertising dork on Madison Avenue who’s never heard the stock market.

    If this is the way it’s gonna be run, with its already “too stupid” contest rules, CNBC will become the laughing “stock” it has often so richly deserved (pun intended).

    I emailed them as I know others have also. I’ll post up if they ever fix it.

    Keep up the good work. :)

    B. Hopper


  • Gary Shingleton
    March 12th, 2007 12:35
    2

    The CNBC game is loaded with problems. The site is so busy that it is difficult to get on, but they keep promoting the game and signing new people up. I have heard of many mistakes on trades. I have two portfolios, one of them has a balance of minus $165,000, thats right NEGATIVE, I owe money to someone LOL. At least I know about how many oprtfolios there are as I am in last at 257,636. This game is a real disapointment and has become a joke. As most everyone knows it is not real investing, but just make a huge gamble and see if a stock makes a big jump up. They should make a rule that you have to have no more than 10% to 20% in any one stock. If you bought the stock and it goes way up, you could hold on to it even though it may go over the 20%.


  • Donna Jean
    March 12th, 2007 12:47
    3

    I’ve not been pleased with the game so far, but I got started late (like Saturday afternoon late). The partner seems to be enjoying it, but I think it’s not worth doing at this point.

    The partner told me about the limits on who you can invest in, so the smaller stocks I’m interested in aren’t available. I don’t care about winning, I just wanted a chance to get a feel for the system.

    For now, I’ll check in occasionally to see if it’s worth wasting any more of my time. However, my orders place on Saturday won’t even be placed until this afternoon. I am amused that the partner is enjoying it, even with all the problems the system has, and he was even surprised I didn’t tell him about it — he read it on another PF blog (woot! he’s reading PF blogs!).

Leave a Reply