Monday, May 14, 2007

CNBC Million Dollar Portfolio Challenge - My Wealth Builder Final Results

Here is the latest status for the portfolio I entered in the 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. I sold CBG again on May 8, 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 is the portfolio status as of the market close on Friday, May 11, 2007.


Portfolio OpenedMarch 14, 2007
Stocks Purchased Avnet (AVT)
Coach (COH)
C. B. Richard Ellis (CBG)
Google (GOOG)
Golden Star Resources (GSS)
Cash Position


Portfolio Value

$1,206,000 (top 6% in ranking)

Gain to Date

20.6% (12.3 % from bonus bucks)

Overall, I fell pretty good about this portfolio. Without the bonus bucks, the portfolio returned 8.3% for two months. Annualized, that is about a 50% gain per year. I wish my actual portfolio was doing this well:-) Individual stock returns were: Avnet (AVT) - 19%, C. B. Richard Ellis (CBG) - 16%, Golden Star Resources (GSS) - 4%, Google (GOOG) - 4%, and Coach (COH) - 0%.

The top finisher had $4,886, 000 (389% gain!)and the tenth finisher had $3,503,000. Since this portfolio did not end up in the top ten finishers, I will be participating in the second chance contest.

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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