CNBC has announced their fourth annual “Million Dollar Portfolio Challenge.” This is one of the largest prizes we have seen in a trading contest. This year’s prizes include a payout of $1,000,000, a Maserati GranTurismo Convertible Sport and 10 Exotic One&Only and Atlantis Resort vacations. All interested contestants have to do is register with a CNBC.com account. The contest starts on September 19th. Like last year, the contest will be sponsored by FXCM. The DailyFX team at FXCM has also put together tutorials for new currency traders.
What would you do if you had a million dollars? Would you buy something? Invest it? Give it away? Starting today, all aspiring millionaires can register to try their hand at managing a $1 million “CNBC Bucks” stock & currency portfolio for the chance to win the grand prize of $1 million in CNBC’s fourth annual “Million Dollar Portfolio Challenge” (http://milliondollar.cnbc.com).
“CNBC’s ‘Million Dollar Portfolio Challenge’ uniquely offers investors of all experience levels – serious, casual and even non-traders – the opportunity to try their hand at trading stocks and currencies,” said Tom Clendenin, Vice President, Marketing, CNBC. “Participants gain valuable experience about the equity and currency markets while also having the chance to win incredible prizes. Who wouldn’t love to be a millionaire?”
Trading officially starts on Monday, September 19 at 9:30 a.m. ET and, for the first time, the contest has gone international and is open to permanent residents of the U.S., UK and Australia. Registered “Million Dollar Portfolio Challenge” contestants all receive a virtual million U.S. dollars to fictionally trade stocks and exchange traded funds on the New York Stock Exchange, NASDAQ Marketplace, American Stock Exchange, London Stock Exchange and Australia Securities Exchange as well as currencies in real-time, in up to five separate portfolios. Complete rules can be found at http://milliondollar.cnbc.com.
Each week during the “Challenge,” the participant with the highest weekly percentage gain on Friday at 4:00 p.m. ET will win a three-night trip to one of Kerzern International’s luxurious One&Only (www.oneandonlyresorts.com) or Atlantis (www.atlantis.com) resorts around the world.
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Trading officially ends on Friday, November 25 at 4:00 p.m. ET. The participant who has the portfolio with the highest aggregate value at the end of the “Challenge” will be awarded the Grand Prize. The second place winner will drive away with a 2012 Maserati GranTurismo Convertible Sport.
Past “Million Dollar Portfolio Challenge” winners include: Mary Sue Williams of St. Clairsville, Ohio, a waitress at an Italian restaurant; Edward Burke, a jazz musician from Shippensburg, PA; and Stephen Weber, of Lakewood, Ohio, a systems analyst.