Do you want a chance to win a million dollars just by picking stocks with play money? You’re in luck because you can do just that in a new online portfolio challenge. CNBC has regular contests but this one is the biggest ever. The rules are simple. Starting on March 5th you will be given $1,000,000 of play money in your portfolio. You can then buy and sell stocks within that portfolio with the goal of making as much money as possible during the ten weeks of the contest. After the ten weeks is up you move into a playoff with the top ten finalists with a brand new $1,000,000 portfolio to determine the winner over the next two weeks. Not only is there a one million dollar grand prize, but each week they are giving away $10,000 as well.
- Grand Prize: $1,000,000
- 10 Weekly Prizes: $10,000
- 50 First Prizes: Free Year of CNBC Plus
You don’t have to be a stock picking genius or even make a ton of trades every day to win. A couple solid selections could land you in the winner’s circle. At the very least this is a great opportunity to test your trading strategies with fake money to see how well you do. And who knows, you may walk away with some real money to invest. Register today for your chance at $1,000,000.
Courtesy of: Million Dollar Portfolio Challenge
Author: Jeremy Vohwinkle
My name is Jeremy Vohwinkle, and I’ve spent a number of years working in the finance industry providing financial advice to regular investors and those participating in employer-sponsored retirement plans.
When does the next contest begin?
The link to sign up does not exist that I can find.
Thanks for your help.
It looks like they have fixed it. As of this morning my portfolio stock prices have returned to Monday's closing price. Hopefully they can keep things working properly, but I think the volume of players for this contest was higher than anticipated.
I do like this setup better than previous contests which essentially allowed day trading. Previous rules would allow people to trade throughout the day with just a 20-minute delay. I think by eliminating these traders and focusing on just using closing prices it will give everyone a fair shake at doing well.
Here's what happened to me and others today with CNBC's Portfolio Challenge.
Is this a joke? No!
I signed up and entered my stock purchases/transactions today, Monday, March 5th. They were posted to my "portfolio" BUT with Friday's closing prices!???!
I knew they would screw something up, but I didn't think it would be something so simple as daily prices. Maybe I should ask for some 2004 prices if they are backdating transactions! :)
This game has the feel of being made up by some advertising dork on Madison Avenue who's never heard the stock market.
If this is the way it's gonna be run, with its already "too stupid" contest rules, CNBC will become the laughing "stock" it has often so richly deserved (pun intended).
I emailed them as I know others have also. I'll post up if they ever fix it.
Keep up the good work. :)