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November, 2024

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CNBC's Million Dollar Portfolio Challenge

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TechnoPotamus
Posts: 11626 - Karma: 3,522
hey dudes.


CNBC is having a portfolio challenge/stock picking challenge where you get $1,000,000 fake dollars to make your best possible portfolio using equities and currencies. First place wins a real 1 million dollars, second place gets a maserati and then they've giving away 10 vacations. It's a pretty big contest.

Anyway, it started yesterday and runs through November so you should enter, what do you have to lose?




i'm up $10,000 since yesterday so it's kinda fun, especially if you have a clue about stock markets. post up your best picks or just call me a big tool for doing this or idk, go sit on your thumb and rotate.
Sep 20 2011 11:34AM
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lineskier10
Posts: 11339 - Karma: 796
whats an equity?
Sep 20 2011 11:37AM
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1337
Posts: 31059 - Karma: 29,329
threads, looks like something i was supposed to do in economics class. might take a stab at it
Sep 20 2011 11:38AM
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Tinga
Posts: 11349 - Karma: 2,333
ugh wish i had done this last year. I had picked corn at $33 a share and now its up to about $46. I had commodities called last year. I wanna call craft beer now as craft beer sales have gone up 13% last quarter. but the only stocks you can buy in craft beer is boston beer and craft brewer's alliance. Boston beer is alright but cba's financials aren't looking so hot.
Sep 20 2011 11:38AM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
stocks/shares/mutual funds/ETFs


and Tingas i don't think commodities are part of it, but you can "buy" SPDRs of gold and gold ETFs for example which i've done
Sep 20 2011 11:45AM
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Snowcase
Posts: 11456 - Karma: 634
Look at businesses that supply craft brewers. Pick the one that supplies other industries that are also improving and one in which their supply prices have gone up less than the average.
Sep 20 2011 11:46AM
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PON3
Posts: 3817 - Karma: 783
You are my new favorite member by far. And I am really impressed by your knowledge of finance. I am a finance major and currently taking courses on corporate finance and another about securities and debt instruments. So I will also take this challenge and hope my course work and my internship I had during the summer pays off!! haha

10/10
Sep 20 2011 11:59AM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
having financial software for work comes in handy sometimes.

Click for larger image
Sep 20 2011 12:00PM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
thanks man! but don't be too impressed i really don't know much, i'm only a couple years out of school so i have boatloads to learn.

let me know how you do!
Sep 20 2011 12:01PM
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Brenone
Posts: 4944 - Karma: 296
Signing up right meow.
Sep 20 2011 12:03PM
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J.D.
Posts: 21362 - Karma: 5,143

Hmmmm... does insider trading count if it's done with fake money for a contest? Anybody know?

Sep 20 2011 12:04PM
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PON3
Posts: 3817 - Karma: 783
I stared at three of those screens when I interned at Merrill Lynch.

Where do you work at?
Sep 20 2011 12:05PM
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Tinga
Posts: 11349 - Karma: 2,333
eh places that supply to craft brewers are basically the same that supply to macro breweries. the macro trends far out weigh the micro.
Sep 20 2011 12:09PM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
red and green, red and green, all day long. too much red, not enough green.

at Wells Fargo
Sep 20 2011 12:10PM
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Mr.Turtle
Posts: 3690 - Karma: 96
Maserati will be mine
Sep 20 2011 12:11PM
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Snowcase
Posts: 11456 - Karma: 634
Why horizontal?
Sep 20 2011 12:45PM
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SkiThe603
Posts: 5376 - Karma: 498
i would but i know nothing of stocks
Sep 20 2011 12:46PM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
just how it's set up, i could change it but i guess i'm used to it now
Sep 20 2011 12:50PM
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Furrer92
Posts: 784 - Karma: 341
:( US, Australia and UK, no Canada?
Sep 20 2011 12:53PM
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molsongolden
Posts: 1649 - Karma: 162
threads because I might
Sep 20 2011 1:08PM
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a_pla5tic_bag
Posts: 9217 - Karma: 5,399
i actually had a project exactly like this in 5th grade. they wanted us to spend a million dollars and document all of the spending and compile it into a report.
Sep 20 2011 1:12PM
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.cam.
Posts: 1852 - Karma: 48
Should someone make a cult for this. People could ask for advice in it and we could post how we are doing.
Sep 20 2011 1:42PM
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dmc12380
Posts: 3545 - Karma: 792
Bloomberg terminal is cheating

jk but is the game measured in who has the highest return or is it measured in actual $ capital gain.
Sep 20 2011 2:56PM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
nah not bloomberg, i wish. Thomson Reuters SmartStation.


I believe it's highest return, by % of course.
Sep 20 2011 3:22PM
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skiminnesota
Posts: 9093 - Karma: 429
lol currency trading is blowing my mind. i stuck my 100k in the EUR/USD and was like what of it. the other 900k in each portfolio i actually have atleast a decent grasp of what im doing.

i did have to be a fatalist though and buy some gold funds. lolololol
Sep 20 2011 3:33PM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
did the same thing. i just don't know what i'm doing with currencies at all so i did the same exact thing.

the 900k is done decently well, or so i think at least, and I def have 2 gold funds in mine....hey the daily gains don't lie man!
Sep 20 2011 3:35PM
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skiminnesota
Posts: 9093 - Karma: 429
GR made me 7k today WIN!
Sep 20 2011 3:38PM
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.RYAN66
Posts: 5381 - Karma: 237
Yeah this. I am going to do this as soon as I get home. I love stocks and playing without my money is a win just in case lol
Sep 20 2011 3:39PM
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skiminnesota
Posts: 9093 - Karma: 429
im also going to gamble hardcore in my tech fund and buy NFLX as it goes down. IMO there is still value there and once they roll out their "content upgrades" i intend to hold a sizable number of shares.

but who knows, it could keep tanking and ill lose. hahaha
Sep 20 2011 3:40PM
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skiminnesota
Posts: 9093 - Karma: 429
sorry for the post whoring, but does anyone know anything about an android app that would keep me in the game while im not at my computer?
Sep 20 2011 3:43PM
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Sno.
Posts: 12155 - Karma: 6,152
yeah this is pretty rad. I'm definitely in. Thanks for posting this thread. 15 minutes left of trading, right?
Sep 20 2011 3:46PM
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Mr.Turtle
Posts: 3690 - Karma: 96
correst

also fuck your sig, the Bills are winning the Superbowl this year
Sep 20 2011 3:48PM
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Sno.
Posts: 12155 - Karma: 6,152
yeah i think that quote was from 2008.  I'll keep an eye out for a new sig.
Sep 20 2011 3:51PM
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Sno.
Posts: 12155 - Karma: 6,152
sorry for so many posts, but does this site brutally slow for everyone else? Or just me?
Sep 20 2011 3:53PM
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Mr.Turtle
Posts: 3690 - Karma: 96
don't bother, its still relevant I'm just in denial
Sep 20 2011 3:55PM
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Petey.
Posts: 5736 - Karma: 4,885
ooo exhilirating
Sep 20 2011 3:56PM
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WikiWiki
Posts: 5584 - Karma: 426
whoo im in
Sep 20 2011 3:57PM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
well see that was my rationale for buying bank of america....i was like ok they just dumped 30,000 employees, stock fell even more, but that will turn around and be a good buy.

BUT, the contest ends in november and i don't think it will turn around much at all before then, so i dumped it and picked up some other better performing stuff.



also, yes trading ends at 4 p.m. Market hours in the U.S. are 9:30 a.m. to 4:00 p.m. EST.



Sep 20 2011 4:11PM
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Sno.
Posts: 12155 - Karma: 6,152
hmm, yeah. You can't invest in anything remotely long term. I wanted to go for Philips magnavox since they've finally produced some freaking docking stations for the droid-- but I don't think they'll hit the market until the contest is over.
Sep 20 2011 4:14PM
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WikiWiki
Posts: 5584 - Karma: 426
up 8k in 54 minutes of game time so far- cant wait for the Australian markets to open so I can make some more $$$
Sep 20 2011 4:22PM
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Dan.
Posts: 7201 - Karma: 1,126
in.
Sep 20 2011 4:24PM
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Sno.
Posts: 12155 - Karma: 6,152
yeah I suck. The market closed with me pretty much down in everything.
Sep 20 2011 4:25PM
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theJones
Posts: 676 - Karma: 158
i was stoked about this until i remembered i was from canada… how did we get shafted so hard
Sep 20 2011 4:28PM
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Steeze_Minister
Posts: 1432 - Karma: 240
threads for when i have time to do this
Sep 20 2011 4:35PM
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SPskier543
Posts: 2413 - Karma: 324
just bought 2176 shares of apple, hopefully it will go up and ill make BANK
Sep 20 2011 4:39PM
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613.
Posts: 827 - Karma: 164
fucking laame
Sep 20 2011 4:44PM
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SPskier543
Posts: 2413 - Karma: 324
its easy, take the amount of money you have, type in a corporation you think is good, divide the total money by the amount it costs for one share, buy that many shares and see what happens. i know thats an awful way to do it but its fake money so why not try
Sep 20 2011 4:47PM
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CassiusClay
Posts: 1757 - Karma: 2
Ahhh this is what I'm looking for in NSG. Start betting on high risk, or you won't have a shot.
Sep 20 2011 5:12PM
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.RYAN66
Posts: 5381 - Karma: 237
just signed up, so stoked for stocks to open tomorrow.

seriously anyone wanna make this a cult?

where we can help each other and brag about our big wins.
Sep 20 2011 5:51PM
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.cam.
Posts: 1852 - Karma: 48
Ill make a cult.

Should I do an investing cult or just one for this contest?
Sep 20 2011 6:02PM
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Balto
Posts: 25985 - Karma: 4,404
no one on here is going to win
Sep 20 2011 6:03PM
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