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