The email read: Do you have what it takes to compete in CNBC.com’s Million Dollar Portfolio Challenge? Ooo, a challenge!
This started when two buddies and I made a bet to see who could earn the most money out of one dollar, after one year. We started the challenge last December 2006. If I can appreciate that dollar significantly by December 2007, I’ll win!
(We’re just playing for bragging rights and are going by honor that each of us will keep track of just that single dollar’s earnings accurately.)
With all that talk of investing bets, entering the Million Dollar Portfolio Challenge was a no-brainer. Here are the rules:
On March 5th we’ll give you $1,000,000 CNBC Bucks to play with. Make your picks on NYSE, NASDAQ, or AMEX and see how big a return you earn on your portfolio. Make up to 50 trades per day.
Each week one player will win $10,000. After ten weeks, only twenty players will make it to the finals for a chance to compete for the Grand Prize – $1,000,000!
You can earn bonus dollars to grow your portfolio. When you register for the contest, you’ll have a chance to refer 5 friends. You’ll receive an additional $1,000 CNBC Bucks for each one that signs up to play.
Ah. So that’s why he referred me. Dammit, he’s already $1,000 CNBC Bucks ahead of me.
If anyone else would like to enter this challenge, let me know! C’mon, it’ll be fun! Plus, I get an extra $1,000 CNBC Bucks!
Every once in a while, I’ll publish my trades & holdings on BizThoughts, so you can see how poorly I’m doing. I’m an amateur investor at best (and am nowhere near as good as someone like, say, a Playboy Playmate). But, heck, it’s only CNBC Bucks. And who doesn’t love a good challenge?