Sun 25 Jan 2009
Apparently the CNBC Trading Contest is now over… Oddly enough, with my strategy of doing very little, I didn’t even notice that the contest finished up.
I’m quite impressed by my performance this year. My best portfolio ranked 5,673rd place at the end of the contest which put me in the top 1.1% of contestants with a cumulative gain of 73.6% since November 17 when the contest started (9 weeks).
Wow. If only I could boast about that type of return in my real trading accounts…
Here are the results broken out by portfolio:
- Shiny (gold stocks) : +73.6%
- Important (giants) : -8.4%
- Dividend : -11.8%
- Growth : +15.7%
- ou812 : +5.3%
Incidentally, over the same time period the S&P 500 returned -2.2%.
Obviously, my Shiny portfolio benefited from the sector the holdings were in (Gold Stocks) more than anything, and gold stocks returned around 69% over the same period.
If only the other 5672 people who finished in front of me would be disqualified so I could compete in the final trading round…