After just two days the CNBC Million Dollar Portfolio Contest is in full swing!
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.