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CNBC's Million Dollar Portfolio Challenge

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TechnoPotamus
Posts: 11626 - Karma: 3,522
hey dudes.


CNBC is having a portfolio challenge/stock picking challenge where you get $1,000,000 fake dollars to make your best possible portfolio using equities and currencies. First place wins a real 1 million dollars, second place gets a maserati and then they've giving away 10 vacations. It's a pretty big contest.

Anyway, it started yesterday and runs through November so you should enter, what do you have to lose?




i'm up $10,000 since yesterday so it's kinda fun, especially if you have a clue about stock markets. post up your best picks or just call me a big tool for doing this or idk, go sit on your thumb and rotate.
Sep 20 2011 11:34AM
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Sno.
Posts: 12155 - Karma: 6,147
I don't know how I moved up in this thing. Dumb luck I guess.  I was in the 11th percentile, now I'm in the 95.52% percentile (well as of last night) but I'm up again today.  I guess we'll see.  There must be a lot of people playing, because even in the 95.52% game rank percentile, I'm still 25,466th
Sep 27 2011 10:31AM
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PhaedeD
Posts: 11498 - Karma: 327
im up 20 grand in 2 days.
Sep 27 2011 10:37AM
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PhaedeD
Posts: 11498 - Karma: 327
I forgot you can only make 25 moves a day and screwed myself over for the rest of the day now. I decided I would try and buy large amounts of some lower priced stocks hoping for them to go up a dollar or 2 and sell sell sell. it worked for a bit until it wouldnt let me make anymore moves, now im stuck with a bunch of really shitty stocks hahaha hopefully they go up today and they are up tomorrow morning so i can sell.

PNRA guys, panera bread.. i made 16,000 in 1 day off that stock.
Sep 27 2011 10:44AM
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Sno.
Posts: 12155 - Karma: 6,147

I wonder what the strategies are of the people in first place.  This is my top performer...up 10% again todayClick for larger image

Sep 27 2011 10:59AM
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zues
Posts: 6434 - Karma: -5,332
thanks man lets see what my accounting skills can do
Sep 27 2011 12:18PM
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Sno.
Posts: 12155 - Karma: 6,147
I knew they were giving away 10 vacations.  What I didn't realize is the people who win the vacations are the weekly top % gainers. So you don't even need to be in the top of the contest to win this, just be the biggest rebounder of the week.  I'm actually hoping for a shot at this this week. 
Sep 27 2011 12:26PM
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skiminnesota
Posts: 9093 - Karma: 429
in the black. lol just barely
Sep 27 2011 2:32PM
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Sno.
Posts: 12155 - Karma: 6,147
did you see the 6,000 daily bonus bucks! I suck-- i havent been doing this at all until now!
Sep 27 2011 2:35PM
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Sno.
Posts: 12155 - Karma: 6,147
and...just as i was kickin' butt...up 108,000 for the day....stocks plummet-- and continue to plummet. up 70k and falling
Sep 27 2011 3:24PM
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PhaedeD
Posts: 11498 - Karma: 327
well today is starting off realllly shitty..
Sep 28 2011 10:24AM
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Charlie_Kelly
Posts: 11953 - Karma: 12,292
up 5600 today. havent touched my stocks in 5 days.
Sep 28 2011 10:36AM
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PhaedeD
Posts: 11498 - Karma: 327
damn lucky you! all my stocks that were making money last friday are now making me broke today!!

One thing I wish they would have made possible with this game that most online trading programs let you do is the ability to set a sell price on stocks. so like if I buy something for 13.50 I can set it to sell all my stocks in this company when it hits 14.00. I wish they would have put that in, its a great feature to make quick sales that allows you to make some money quickly.
Sep 28 2011 10:45AM
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PhaedeD
Posts: 11498 - Karma: 327
does this shit lag realllly bad on anyone elses mac?? its just on my iMac it works great on my macbook pro but its sooo slow on my imac its crazy. when i scroll down it doesnt go anywhere then all of a sudden its at the bottom of the page. soo annoying!
Sep 28 2011 11:57AM
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Sno.
Posts: 12155 - Karma: 6,147

yes, it freezes like 100 times/day.

What is going today also, the quotes that are shown on the screen aren't at all accurate with where each stock actually is. The numbesr are all F'd today.  I don't know whether to trade based on what the real market is doing, or based on the weird off numbers on the cnbc site today.

Sep 28 2011 1:15PM
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Sno.
Posts: 12155 - Karma: 6,147
on a side note, I finished yesterday in position 13, 443. Which I guess is 97.67 percentile.  Not doing well today though, but who is?
Sep 28 2011 1:16PM
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PhaedeD
Posts: 11498 - Karma: 327
not me at all down 26 grand today... but whatever im buying up a bunch of shit thats gone down like 2 to 4 dollars in the last few days hoping they will all jump up in the next couple days and I can sell! most are natural resource companies, they seem to go up and down a lot so if I am online and catch one when they go up I might have the potential to have some nice gains.
Sep 28 2011 2:31PM
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PhaedeD
Posts: 11498 - Karma: 327
and on a side note 13,443 is pretty damn good you got lucky as hell with the YOKU shit... how the hell did you hear about that or was it just a random purchase, I saw you made like 500k off that alone in a couple days!
Sep 28 2011 2:32PM
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skiminnesota
Posts: 9093 - Karma: 429
my is super glitchy as well (PC)

im not making money today, and my gains of yesterday have been wiped out. failing hard at this.
Sep 28 2011 2:37PM
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PhaedeD
Posts: 11498 - Karma: 327
just try and make good purchases while shit is cheap!
Sep 28 2011 2:56PM
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no_steeze
Posts: 23992 - Karma: 4,270
i couldn't know less about stocks. i really should take an econ class...
Sep 28 2011 3:01PM
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Sno.
Posts: 12155 - Karma: 6,147
by no means an educated pick-- I just looked up the most volatile stocks.  I also bought into the stocks that dropped the most at the end of last week, hoping they'd make big recoveries. Yoku was one of them.
Sep 29 2011 10:32AM
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Sno.
Posts: 12155 - Karma: 6,147
might want to buy into yoku now.  It is down about 22% today. If it rises back to yesterdays closing price within the next couple of days you'll make a lot.
Sep 29 2011 2:03PM
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.cam.
Posts: 1852 - Karma: 48
I bout 2,000 shares. I hope it goes up a ton
Sep 29 2011 2:36PM
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.cam.
Posts: 1852 - Karma: 48
*8000
Sep 29 2011 2:43PM
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Sno.
Posts: 12155 - Karma: 6,147
word. just bought 2000 shares of netflix, hoping it makes a return as well. It's down 14%.  I know netflix as a company has been going downhill but I think they just partnered with Facebook and yahoo.
Sep 29 2011 2:54PM
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PhaedeD
Posts: 11498 - Karma: 327
Thanks to Yoku and Paneras poor preference along with a few other companies im down 46k for the day hahaha... Luckily i bought while stuff was down, by no means down this bad but if stuff goes back up I could make some cake!
Sep 29 2011 8:34PM
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Sno.
Posts: 12155 - Karma: 6,147
how's this goin for you? Yoku up 13% since I bought in this time. Netflix up 4.
Sep 30 2011 11:37AM
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.RYAN66
Posts: 5381 - Karma: 235
I wish I bought last night. It sucks not being on est by the time I'm home market is closed
Sep 30 2011 12:32PM
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.cam.
Posts: 1852 - Karma: 48
Went up about 8000 dollars. i am going to hold onto it for longer though
Sep 30 2011 9:47PM
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.cam.
Posts: 1852 - Karma: 48
Ended up making 60000. Anyone make any good buys this week?
Oct 13 2011 6:02PM
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geteducated
Posts: 6410 - Karma: 86
way to diversify.
Oct 13 2011 6:09PM
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skithesprings
Posts: 9086 - Karma: 1,349
what sucks is that some millionaire economist is going to win the million dollars...

it's like having a golf tournament but letting PGA pros play in it.
Oct 13 2011 6:11PM
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skiminnesota
Posts: 9093 - Karma: 429
WFT happened?

granted i havent logged in like 2 weeks (been busy) so i missed something. but why is all my money back in cash?

someone hit the reset button? sucks for those doing well.
Oct 31 2011 8:59PM
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.cam.
Posts: 1852 - Karma: 48
Happened to me too and i was doing decent
Oct 31 2011 9:40PM
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awesomeness17
Posts: 639 - Karma: 27
Ya wtf? I havent logged in since the start but I had bought quite a few stocks and a lot of currency and now i have the exact same amount of money i started with. Oh well, can't really stand this games set up anyways, makes it way too hard i prefer http://simulator.investopedia.com/Portfolio/
Oct 31 2011 9:44PM
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Tinga
Posts: 11349 - Karma: 2,333
I guess there was a glitch that some people found out about to make extra money. CNBC found out about it and reset everything.
Oct 31 2011 11:51PM
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