Monday, May 07, 2007

CNBC Million Dollar Portfolio Challenge - IBN Network Update #2

As part of the Investors Blog Network (IBN) Festival #4, a portfolio was submitted to the Million Dollar Portfolio Challenge. Here is the status of the IBN Network Portfolio at the market close on Friday, May 3, 2007:


Portfolio OpenedMarch 21, 2007
Stocks Purchased

Avnet (AVT)
Bruker BioSciences (BRKR)
Intuit (INTU)
Apple (AAPL)
Millicom International (MICC)
Gol Linhas Aereas Inteligentes (GOL)

Cash Position


Portfolio Value

$1,082,000 (top 16% in ranking)

Gain to Date

8.2% (9.6 % from bonus bucks)

The portfolio took a big hit with Bruker BioSciences (BRKR) dropping from $11.56 to $8.20 in the past week, apparently due to disappointing earnings, which only slightly increased from last year. Versus last week's results, this drop resulted in a 5% reduction in the portfolio gain and a 7% drop in ranking, showing the higher risk associated with concentrated portfolio.

For more on Strategies and Plans, check back every Monday for a new segment.

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This is not financial advice. Please consult a professional advisor.

Copyright © 2007 Achievement Catalyst, LLC

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