February 25th, 2007 at 07:40 am
I was watching Suze Orman last night (yeah.. we're such party hoots!! ) when an advertisement for CNBC Million Dollar Portfolio Challenge came up.sign-up
I start Monday, March 5th, next Monday.
I've signed up and am ready to trade!! I have no expectation whatsoever, but I think it could be fun.
If you're interested, you can
After Ima's comment, I realize I might not have given enough information. Below are some of the rules. To view the whole thing: Click Here
The Contest is a stock trading game that provides Participants with a fictional trading account, One Million (1,000,000) fictional dollars (“CNBC Bucks”) and the fictional ability to trade individual stocks on the NYSE, NASDAQ and/or AMEX exchanges. At the end of the Contest, the winner will be announced on CNBC television and/or CNBC.com.
January 4th, 2007 at 01:10 pm
Here's a little advice for you starting to invest in the stock market thinking you're going to get rich of of of these Penny Stock (you know, those ending with an .OB or .PK): YOU WON'T!!! If you're going to learn from experience, please learn from mine.Get Rich Slowly
I started trading about a year ago. I thought I would be a millionaire by the end of this year. I was in la-la-land, that's what happened! At first, I thought I couldn't go wrong with penny stocks. Some of them went up 100% in a day. That's great. Exactly what need. All I have to do is find the right ones. Well, good luck with that!
Even though I did well three times with returns close and even over 100% in days, I did bad about a dozen times. The end result is that I lost about 20% of my initial capital in 1 year. For more reasons why not to buy penny stocks, J.D. at
(very a propos!) wrote about The Beauty of Penny Stocks
I still hold one penny stock which will be gone tomorrow. But now is time to get serious. To get (re-)started, I've decided to go with mutual funds. Two of my criteria are that it has to be:
- a no-load fund
- rated 5-star by MorningStar.com
My first pick is TWEIX. It is an American Century Investments fund.
Is has posted a Year to Date Return: 17.76% and 5-Year Average Return: 10.61%. Both very decent returns.
Scottrade let's me chose whether I want to reinvest dividends or not. I've chosen to do so.
The second type of investment I've chosen to go with is a Real Estate Investment Trusts or REIT. Even though real estate is not very hot right now, REITs are. And my pick was FUR.
Forbes has a good article about them: REIT Money Flows Into 2007
TICKER # Shares Buy Price Current Price
FUR 60 6.69 6.85
TWEIX 46.508 8.68 8.59
I'll keep the performances posted.