This is the end of week #5 of the CNBC Million Dollar Challenge and I have good news to report.
Last week, my goal was to finish this week in the top 28% with a portfolio value of $1,033,500.50. I'm proud to say that I exceeded my goal. This week I am in the top 25% with a portfolio value of $1,056,035.15. Putting my portfolio against the celebrities, I am in fifth place.
I'd like to say that this progress was all because of shrewd investing, the truth is that it is benign neglect. I've had a very busy week and haven't been doing much trading. I was able to answer a few trivia questions for additional cash.
I've just checked my portfolio and, if the market is good on Monday, I will take the profit on several of my holdings. Then I have to make some good picks to reinvest.
Next week, I hope to finish in the top 20% with a portfolio value of $1,070,400.75. Let's see if I can do it.
This is so much fun, especially since it's not my money, it's not even real money.
1 comment:
Too much has been made of Don Imus' rude remark. Don recognizes his stupid mistake, and has sincerely apologized. Decent people would accept his humble admission of wrongdoing and forgive him. Those with an agenda will want to hold on to this and milk it for all it's worth. There has to be some fairness...Consequences have to meet the crime and not exceed it. Imus should not have to make up for all the injustices flung at a community in the past.
ms/sss
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