I am proud to be the winner of Round 1 after participating with a
group of true "gamers." Thanks for the experience. Finishing ahead of Al
was a real job; who would have thought the stocks of MCD and KR would
have done so well? Not me. I plan on vigorously defending my
championship in Round 2 and (a tease) I have already chosen 21 stocks
with which to start my Round 2 portfolio, several of which you probably
have not heard of but all of which have upside potential regardless of
how the US economy and the US stock markets perform. Famous last words,
right? So keep watching this web site and participate in the fun and
excitement. Dad
Friday, December 29, 2006
Thursday, December 28, 2006
Clarification
The sudden jump up in my fantasy stock score is due to, as I
understand it, the correction of a mathematical error in the program
which has been occuring for some time. Since this is the first round of
what I hope will be many quarterly fantasy stock challenges, some
program "bugs" are to be expected.
There is a very important lesson to be learned here. Always know
where all your money is and how much you should have in your accounts.
Verify this quarterly, or more often if necessary, by, for example,
going to the originating source or to another source which cannot be
falsified or to another source which is subject to ongoing outside
audits. Never, never accept monthly statements as your only verification
source. If you learn nothing else from this challenge, remember this. Dad
understand it, the correction of a mathematical error in the program
which has been occuring for some time. Since this is the first round of
what I hope will be many quarterly fantasy stock challenges, some
program "bugs" are to be expected.
There is a very important lesson to be learned here. Always know
where all your money is and how much you should have in your accounts.
Verify this quarterly, or more often if necessary, by, for example,
going to the originating source or to another source which cannot be
falsified or to another source which is subject to ongoing outside
audits. Never, never accept monthly statements as your only verification
source. If you learn nothing else from this challenge, remember this. Dad
Wednesday, December 27, 2006
Tuesday, December 26, 2006
Next round is coming fast..
Just a reminder that our next round of competition begins January 2nd - you will need to have your portfolios in to me before 4pm on that day. If you want to keep your portfolio 'hidden' email it to me, otherwise posting on the board is fine.
Remember you have $100,000 in 'play' money to spend, and no more than 20% of that money can go in to any one stock. (If the stock goes up and ends up being worth more than 20% of your portfolio, that's your choice - but if it was me, I'd take some of the table and diversify)
Best of luck, looking forward to your picks!
Remember you have $100,000 in 'play' money to spend, and no more than 20% of that money can go in to any one stock. (If the stock goes up and ends up being worth more than 20% of your portfolio, that's your choice - but if it was me, I'd take some of the table and diversify)
Best of luck, looking forward to your picks!
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