On March 5th, CNBC kicked off its 2007 Million Dollar Portfolio. Each week, the person with the largest gains will be given ten thousand dollars. On May 14th, the first phase of the contest will end. CNBC will give each of the ten highest ranked players and the ten weekly winners a fresh fake one million dollars. At the end of two weeks, the person in this group that has the largest portfolio value will be given one million real dollars.
So how can you win the CNBC Portfolio Challenge? Well, you can start by taking a look at last year’s winner. Although last year’s contest was called the Squawk Box Fantasy Portfolio Challenge, the objective was the same. At the end of the Fantasy Portfolio Challenge, Thomas Ko came out on top with a portfolio which was valued at over five million dollars. He accomplished this feat by investing all of his money into single stocks and riding them to the top of the challenge. Even though CNBC didn’t give away one million dollars last year, Ko did drive away in his brand new 2006 limited edition Maserati GranSport. Ko was also given an invitation by MSN to their Money Strategy Lab.
In addition to the one million dollars that you are given at the beginning of the CNBC challenge, you can also earn up to fifteen thousand more dollars each week to add to your portfolio. In order to do this, you must correctly answer two questions everyday. The first question, which is worth two thousand investing dollars everyday, is known as the video trivia question. The second question is the news question and is worth one thousand investing bucks. Correctly answering these questions everyday over the course of the contest can add an additional one hundred and fifty thousand dollars to your portfolio!