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 years winner. Although last years 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 didnt 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...
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