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 final result for the IBN Network Portfolio at the market close on Friday, May 11, 2007:Status | |
| Portfolio Opened | March 21, 2007 |
| Stocks Purchased | Avnet (AVT) |
| Cash Position | 0.6% |
| Portfolio Value | $1,122,000 (top 14% in ranking) |
| Gain to Date | 12.3% (11.6 % from bonus bucks) |
The portfolio took a big hit with Bruker BioSciences (BRKR) dropping from $11.56 to $8.20 two weeks ago, apparently due to disappointing earnings, which only slightly increased from last year. BRKR recovered to $9.02 in the final week.
Here is how the individual stocks performed. Avnet (AVT) and Apple (AAPL) were the two big gainers in the portfolio at 13% and 16% respectively. The other stocks finished flat or lower: Intuit (INTU) - 1%, Millicom International (MICC) - 0%, Gol Linhas Aereas Inteligentes (GOL) - -4%, Bruker BioSciences (BRKR) - -12%.
Although the IBN portfolio did not finish in the top ten, it was educational and fun to participate in the contest. For reference, the top finisher had $4,886, 000 (389% gain!)and the tenth finisher had $3,503,000.
For more on Strategies and Plans, check back every Monday for a new segment.
Photo Credit: CNBC.com
This is not financial advice. Please consult a professional advisor.
Copyright © 2007 Achievement Catalyst, LLC
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