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 stockcharts.com for full size image

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

Game Rank	Name	Total Value*	Gain/Loss
6274	Explore 1	$1,505,106.14	505,106 (+50.5%)
4525	Explore 2	$1,541,633.08	541,633 (+54.2%)
3230	Explore 3	$1,581,312.32	581,312 (+58.1%)
3147	Conservative	$1,584,879.41	584,879 (+58.5%)
3470	Momentum	$1,572,000.00	572,000 (+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)

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!