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 CNBC.com Million Dollar Portfolio Challenge. Here is the status of the IBN Network Portfolio at the market close on Friday, May 3, 2007:

	Status
Portfolio Opened	March 21, 2007
Stocks Purchased	Avnet (AVT) Bruker BioSciences (BRKR) Intuit (INTU) Apple (AAPL) Millicom International (MICC) Gol Linhas Aereas Inteligentes (GOL)
Cash Position	3.5%
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.

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Photo Credit: CNBC.com

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

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