You can read my brief overview of the CNBC Million Dollar Portfolio Contest fore some more details on what it is all about.
I currently have six Equity holdings in only one portfolio. The contest gives you five portfolios to play with. CNBC gives you one million dollars in each portfolio. $900K to trade in Equities (Stocks and ETFs) and $100K to trade in Currencies. I have not traded any currencies yet.
The image at the top of this post shows the performance of my one Equity portfolio. At this point I am up $12,833 (1.43%). It was very helpful that Monday, Sep. 19, 2011, the stock market started out way down and then went up all day. I figured since it was down it was a good time to jump in. Then by the end of that first day I was up over $15K. Today I am down a little.
Here is a snapshot of my current Equity holdings in inMessment Portfolio 1:
The CNBC contest site has some pretty nice features. There is an Analyze Portfolio tab that give some interesting stats on your portfolio.
I like the My Top 5 Sectors part but it lumps the ETFs into one “sector”. I wish it was smart enough to know if the ETFs were sector specific.
I also like the ASSET ALLOCATION section. Again, it lumps the ETFs into one grouping.
CNBC has also added a LEADERBOARDS section on the site. You can see your Game Rank Position here. With my fist portfolio I am ranked 35363rd. I am not at a big risk of winning the vacation trip this week!
It also has a listing of the top twenty players. I was shocked to see that the top two players had made over $200K in the first two days of trade. Clearly there is a lot I still need to learn.
That is why I like investing games so much. They are a lot of fun for me and over the next many years I hope to learn enough to be confident as an investor.
I have my own inMessment Game that I started on Investopedia. Come and join me in that game and we can learn to invest together in a safe environment.
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