Here is the latest status for the portfolio I entered in the CNBC.com Million Dollar Portfolio Challenge. Overall, my long term picks have done surprisingly well in this short term contest.
I entered a portfolio based on the modified Unemotional Investor portfolio which I described in My Stock Picks for Q1 2007. (Disclosure: I closed out this portfolio on March 2, 2007 as described in Q1 Stock Purchases Update - Closed All Positions and I repurchased Avnet (AVT) and C. B. Richard Ellis (CBG) on April 20, 2007.) In addition, I purchased Google (GOOG) and Golden Star Resources (GSS) which are stocks I like but were not identified by the system. Here are the status details as of the market close on Friday, April 27, 2007.
|Portfolio Opened||March 14, 2007|
|Stocks Purchased||Avnet (AVT)|
C. B. Richard Ellis (CBG)
Golden Star Resources (GSS)
$1,172,000 (top 6% in ranking)
|Gain to Date|
17.2% (9 % from bonus bucks)
I wish I was doing this well in my actual investment portfolio:-) The contest provides a "test" of the real world stock picks I have made, which makes me feel pretty good about the Unemotional Investor stock picking system.
Since there are only two weeks left in the contest, I will invest the remaining cash position in Avnet (AVT). At this point, it does not look like this portfolio will be in the top 10 finishers at the contest completion.
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Photo Credit: CNBC.com
This is not financial advice. Please consult a professional advisor.
Copyright © 2007 Achievement Catalyst, LLC