Monday, July 16, 2007

CNBC Million Dollar Portfolio Challenge - Final Answer

Waitress is $1 Million Stock Guru by reports that a final winner has finally been identified in the Million Dollar Portfolio Challenge. She has never purchased a stock and used a strategy of holding stocks with upcoming earnings announcements that were likely positive.

As reported earlier, several of the contestants had allegedly cheated by using a computer glitch to place orders after the market closed, which was against the rules. To CNBC's credit, they identified the anomaly, investigated rigorously, and disqualified the top five contestants which had broken the rules.

In this case, the cheaters didn't win. Congratulations to CNBC's investigation unit. Unfortunately, in the real world, cheaters aren't always caught.

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

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

Copyright © 2007 Achievement Catalyst, LLC

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