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 . . .
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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! 
Back 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! 
Today’s big stock market news for me is the CNBC Million Dollar Portfolio Contest! As the name suggests, the top prize is $1,000,000.00. CNBC is also giving away a Maserati GranTurismo Convertible Sport and 10 Exotic One&Only and Atlantis Resort vacations. This is the biggest online stock market simulation game I have seen. 
Monday, August 8, 2011 the market seemed to crash! And, to make it even worse, this happened after a couple of down weeks. What should I do now? Should I buy, sell or hold? 
It seems that way too few people are investing. I also think that most wait too long to start investing. We all know the reasons people don’t start investing: “I don’t have enough money.” “I am too young.” “I am too old.” “I don’t know how to start!” That last reason is the one I want help people overcome. 
The second quarter of 2011 has ended. Time to review my inMessment Game results and see how I have done. I will share the Good, the Bad and the Ugly events of Q2. 
I have been wondering for the last few years if ETFs are increasing volatility in the stock market. This seems even more acute in the commodities market for things like gold, silver, corn, etc. The recent high volatility in the silver market and the high volume of silver ETF shares seem to support my thoughts. 
This post gives a high-level view of what Mutual Funds and ETFs are. Understanding the different ways to invest goes a long way to build your confidence when investing in the stock market. There are nearly as many different options as there are people ready to give their opinion of which one is best. 
