AZDavid

Sign up and see who can get the highest return over the contest period!

http://contests.cnbc.com/milliondollar/main.do

sahtt

Used to do those but I am not able to seem to find the time to manage multiple portfolios very effectively. I'll probably do it half ass just to see what happens.

lOOkatme

those contests are more about Luck than skill.


When that many people sign up and its for a short time period....its all about luck.


Its like scamming people.


let's say you have 1,000,000 people you send stock tips to.

you send 50% a buy for XXX stock. you send 50% a short for XXX (the same) stock.

Stock XXX goes up for 1 month.

You then send the newletter to ONLY the 50% who received the BUY article. thats 500K people.

you keep drilling down and down.

1 mill ---> 500,000 ----> 225,000 ---> 112,500 ----> 56,250

thats 6 times you were right....and now you can scam 56K people.

just like this contest.....its all about buyout news and other crap that people cannot consistently get right over 10-20-30 yrs periods...unless you cheat the system.

AZDavid

You are missing the point.... it is for fun

lOOkatme

I know it is.....but last time I watched a contest "sqwak box?" for a fancy luxury car....the gains were rediculous.


the people in first after a couple of days were up hundreds of percents....and the site was so slow......that I didn't even try to sign up.

there probably was a cheat method or something to it.

lOOkatme

Here is the results of the last one I followed.

the starting value of the portfolio was $1,000,000

150,221 players participated in the Squawk Box Fantasy Portfolio Challenge, a stock-picking contest that ran from 2006-04-04 through 2006-05-26. The winner of the Squawk Box Fantasy Portfolio Challenge, which was announced live at the end of the 2006-06-02 episode, was Thomas Ko of California. His $5,015,735 portfolio value outpaced all the other contenders. He was also the winner of a brand-new, limited-production, 2006 Maserati GranSport.

Chris S

It's like playing poker for free, ex. you can play multiple hands at once.

W/ no capital at risk, it encourages making high risk choices and hoping they pan out. You don't have the slightest chance in hell of winning if you manage your portfolio like it's your own real money.

I'm sure it has plenty of entertainment value for those who do it, though.

sahtt

Most of those guys just play pure momentum stocks. As soon as there is unusual volume, they scalp a quarter off it and so on.

I can assure you if you could really make 5 times your money that quick consistently you wouldn't need to be playing games. I have a spot for you on my team and I can match that sum with real money for you start with no problem.

cthree

It's entirely for fun and it's totally luck but if you enjoy it why not? It doesn't cost anything to play.

tritium_pie

http://img232.imageshack.us/my.php?image=1pctzc1.jpg

Hey! I'm in the top 1% for the CNBC Million Dollar Portfolio! Awesome... just 6848 people to beat.

How has everyone else done?