Don't Miss Out On Great Gains! - Best Investment Newsletter

Click for FREE sample of Kirk Lindstrom's Investment Letter

Don't miss out! Subscribe Now

Search For More

Friday, August 01, 2008

CNBC Million Dollar Portfolio Challenge Final Results

How did you do in CNBC Million Dollar Portfolio Challenge? The contest ran for 10 weeks from May 12, 2008 to July 18, 2008. Contestants started with a million dollars in play money and they could earn "bonus bucks" by answering trivia questions which could be found at CNBC Bonus Bucks Trivia Answers.

My best performing portfolio, Core Conservative 1, was in the top 0.4%

My worst performing portfolio, Newsletter Explore 1, was in the top 0.8%

This chart shows the overall market did not do so well:

Click chart courtesy of for full size image

Here is the total list of all five of my portfolios:

NameTotal Value*Gain/Loss
6274Explore 1$1,505,106.14505,106 (+50.5%)
4525Explore 2$1,541,633.08541,633 (+54.2%)
3230Explore 3$1,581,312.32581,312 (+58.1%)
3147Conservative$1,584,879.41584,879 (+58.5%)
3470Momentum $1,572,000.00572,000 (+57.2%)

* Value as of 7/18/08 at 4pm EST.

My successful strategy was to remain conservative in the bear market (200 day moving average is resistance rather than support in bear markets) by keeping a large cash position then buying the big dips and answer the daily trivia (answers here) questions. I was too busy to actively trade it so I did not "sell the pops." In my newsletter, I "buy the dips" then "sell the pops" to lock in quick profits on shares I trade around core positions. This strategy has worked out well for me this year as I am ahead of the market by about 8% YTD.

Kirk's Investment Newsletter
Click for a FREE SAMPLE issue
(should open an email window)
Corvette driving into mailbox

To find out how I've profited greatly from these difficult market conditions, subscribe to "Kirk Lindstrom's Investment Newsletter" today!
  • Since 1/1/1999 through 7/31/08 my "explore" portfolio is up 180% while the S&P500 is only up 19% and Warren Buffett's Berkshire Hathaway is only up 62%
  • Subscribe TODAY and get the August 2008 issue for FREE!

Followers - Click "follow" to get an email alert for new articles

Kirk Lindstrom's Investment Letter Performance