CNBC.com is sponsoring another Million Dollar Portfolio Challenge from May 12, 2008 to July 18, 2008. This year's contest will involve trading both equities and currency, starting with $900,000 and $100,000 in fictional dollars for each account respectively. In addition, each player will be allowed five portfolios.
Last year's winner used a strategy of buying stocks just before an earnings announcement, with the expectation of positive results. I plan to use a similar approach in one of my five portfolios this time. Buying low priced stocks is another stock selection method I plan to use. Of course, I will also submit selections from my own stock picking method based on The Unemotional Investor.
To join the fun, sign up at the CNBC.com Million Dollar Portfolio Challenge. Good luck!
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This is not financial or investing advice. Please consult a professional advisor.
Copyright © 2008 Achievement Catalyst, LLC
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