Trading Strategies for the CNBC Million Dollar Portfolio Contest – NOT INVESTING!

The CNBC Million Dollar Portfolio Contest is only on for 10 weeks. Sep. 19 to Nov. 25, 2011. Then the contest is over. This is not investing. In fact, having an investing mindset is not likely to get me very far in the contest. This is the mindset in which I set up my first contest portfolio. At this point that portfolio is barely breaking even. To do well in a game like this I must have a short-term, maybe even day-trading mindset. → Read More . . .

In Full Swing After Two Days! CNBC Million Dollar Portfolio Contest

After just two days the CNBC Million Dollar Portfolio Contest is in full swing! I currently have six Equity holdings in only one of the five game portfolios. As of September 20, 2011, I am ranked 35363rd. I am not at a big risk of winning the vacation trip this week! → Read More . . .

Social Security Tax Cut Again! What will you do with the extra cash?

TaxBack in January of 2011 I was surprised by the 2 percent Social Security Tax Cut. At that time I decided to up my 401k contribution by 2 percent for 2011. I have been wondering what I would do in 2012 when the Social Security Tax Cut was rolled back. If Congress approves the President’s plan, Social Security Taxes will be cut again! → Read More . . .