CNBC Million Dollar Portfolio Challenge Update

The million dollar portfolio challenge is in full swing over at and shockingly, I’m not winning! I’m playing two portfolios in the game and my best portfolio ranks in the 82nd percentile and officially in 118,677th place as of the end of trading Friday (10/14). From the $1,000,000 starting balance they give you my best portfolio now has $1,059,353 for a gain of 5.94%.  Of the two portfolios this isn’t the one I expected to be performing the best. I’ll keep my specific holdings a secret for now, but I will say I hold 4 US stocks in this portfolio and hold one foreign currency. The stocks are actually performing very well for me, but I’m taking a beating in the forex trading. This is to be expected however, because I really had (have) no clue about currency trading as I mentioned in my original post on the game. … Continue reading

September 2011 Investment Portfolio & Goals Update

I’m a little late with this post this month, and no, it’s not because I was too scared to see the results in writing this month (ok, maybe a little scared…) September was a wild ride for the markets as a whole, and since my portfolio is almost completely invested in stocks I felt that pain this month. Despite what the numbers say now, I’m actually very happy with how the month turned out. I gained in my 401(k) only because I’m new to my job and the portion of my contributions that didn’t evaporate was enough to increase my still tiny balance. I’m very happy with how much I was able to save in September. I increased the value of my cash savings account by almost 4.5% but also withdrew from this account to contribute to my Roth IRA and stock up on some of my holdings at fire-sale … Continue reading

August 2011 Investment Portfolio & Goals Update

One of the reasons I started this blog is to lay it all on the line and give the readers of this blog an inside look at my investments and my personal financial journey. I guess you could think of it as putting my money where my mouth is, literally. There’s really no point to tracking these kinds of things without knowing what you’re shooting for. So to start things off I’m going to lay down some general goals that I’ve set for myself. 1. Have a total portfolio value of $100,000 by Dec. 31 2012 2. Have 6 months of expenses saved in a liquid savings account by the end of 2011. 3. Have a total portfolio value of $1,000,000 by age 45. The first two goals are obviously short-term goals and will change over time. The third goal, of having $1 million by the age of 45 is … Continue reading