In previous posts, How to Trade the CNBC Million Dollar Challenge (Part 1), I discussed how to use leveraged ETFs to trade the market volatility. I discussed using two ETFs that track the S&P 500 but are levered to return twice (200%) of the daily performance:. (1) Proshares Ultra S&P 500 (SSO) and (2) Proshare …
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In the last post titled How to Trade the CNBC Million Dollar Challenge (Part 1), I discussed how to use leveraged ETFs to trade the market volatility. I discussed using two ETFs that track the S&P 500 but are levered to return twice (200%) of the daily performance. The first ETF is Proshares Ultra S&P …
How To Trade the CNBC Million Dollar Portfolio Challenge (Part 2) Read More »
What would you do if you had a million dollars? Would you buy something? Invest it? Give it away? 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 …
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Widely watched investor Jeremy Grantham has turned decidedly negative in his portfolio recommendations and remains disenchanted with U.S. economic leadership. In his newly released quarterly letter to investors, asset manager GMO’s chief investment strategist has revisited his attention-getting early 2009 letter predicting “seven lean years.” At that time Grantham forecast 2% average annual GDP growth, …
How is my portfolio strategy going so far? GetRichInvestments is holding steady in the 99.73 percentile as of today – see graph below. This means that I am still in line to contend for one of the great prizes in the coming weeks. I am happy to have my portfolio in this position. Maybe this will quiet …
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In markets like we experienced the previous week, you must make adjustments to your monthly income investments. First, start with a list of defensive stocks that can hold up in all market conditions. You should make sure these stocks pay a decent dividend for income. You then sell covered calls on these defensive stocks for …
Ever wanted an opportunity to play around with individual stocks with no risk, just to see how good your stockpicking skills are? CNBC is running a contest called the Million Dollar Portfolio Challenge which basically amounts to a fantasy stock market. You can spend one million fictitious dollars buying stocks, and the person with the …
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Investment guru Warren Buffett gave a wide-ranging interview to Charlie Rose, which aired on Monday evening. He discussed the economy’s prospects, the state of Washington and who will succeed him as the chairman of Berkshire Hathaway. The interview came shortly after Buffett published an Op-Ed piece in the New York Times, called “Stop Coddling The …
A video from CNBC showing Warren Buffett discussing his thoughts on investing in gold. Would you buy a 67 foot cube of gold or farmland and stocks? This is part of my rationale for investing for monthly income rather than taking a cube of gold. See video below.
The latest strategy comment from Jeff Saut is below. Gist: It’s too late to panic. That’s what you should hvae done months ago. I leave with these thoughts from legendary investor Jim Rogers: When asked how he made his money, Mr. Rogers answered, “I sell euphoria and buy panic.” The way he determines that is …
