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) |
| 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.
Copyright © 2007 Achievement Catalyst, LLC
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