CNBC million dollar portfolio challenge (It's time for a new round.)

Today I saw the announcement on CNBC regarding the 3rd official CNBC million dollar portfolio challenge. This challenge runs from November 17, 2008 to February 6, 2009. We will regularly update this blog with bonus buck questions and answers during all CNBC challenges. There are some minor changes this time around versus the 2nd challenge. Currency trading is back and it appears that anyone who registers is eligible to receive a free real $25 FXCM Micro trading account. Free money? Once you register you can practice trading currencies before the start of the contest. You can play up to 5 - $1 million portfolios.

It is important to keep in mind the rules for equities. Cnbc.com will post a list of all stocks and exchange traded funds ("ETFs" and together with stocks, "Equities") that are eligible for trading in the Contest, all of which Equities must have a one hundred (100) day average trading volume of at least ten thousand (10,000) shares, and which stocks must have a market capitalization of at least Five Hundred Million Dollars ($500,000,000), and which ETFs must have a price per share of at least two dollars ($2.00), each as of the close of the markets on November 14, 2008 (the "Eligible Equities"). Equities cannot gain eligibility for the Contest after November 14, 2008. Any Equities that are not listed as Eligible Equities on Cnbc.com as of November 17, 2008 will not be eligible to be traded in the Contest, even if they may have been mistakenly left off the list of Eligible Equities. Equities that are deemed eligible for the Contest as of November 14, 2008 and subsequently fall below one or more of the above-described average trading volume threshold or the market capitalization threshold (for stocks) or share price threshold (for ETFs) will not lose eligibility for the Contest. Equities that are incorrectly placed on the Eligible Equities list as of November 14, 2008 will remain eligible to be traded throughout the Contest. Initial Public Offerings that take place after November 14, 2008 will not gain eligibility for the Contest.

Equity trades submitted on equity trading days (Monday through Friday, other than market holidays) at or prior to 4:00:00 PM (or 1:00:00 PM on Early Closing Days) will be priced at the Equity's closing price for such day, as such closing price is reported to Cnbc.com by Wall Street On Demand, an independent data provider, after the close of the markets on such day. Equity trades submitted on weekends, market holidays and after 4:00:00 PM (or 1:00:00 PM on Early Closing Days) on equity trading days will be priced at the Equity's closing price for the next trading day. For the complete contest rules visit http://contests.cnbc.com/milliondollar/rules.do

And now the exiciting part - Prizes!

  • 1st Prize: $500,000 plus a 10-hour Marquis Jet Card
  • 2nd Prize: $200,000
  • 3rd Prize: $100,000

Weekly prizes include:

  • Nine holes of golf with Annika Sorenstam and a package at her academy

  • Two weeks, two chances to win an MLB?? All-Star Game?? package

  • Cruise Scotland to the 2009 British Open aboard PerryGolf???s MS Andrea

  • Caesars Palace?? Las Vegas Golf Getaway

  • A trip to Grace Bay Club in Turks & Caicos flying privately via the Marquis Jets Card Program

  • Sharp AQUOS HD Home Entertainment Package

  • Three weeks, three chances to win an NFL Pro Bowl and Four Seasons Resorts package in Hawaii

Good luck to everyone! I look forward to reading your comments.

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About this Entry

This page contains a single entry by Sam published on October 27, 2008 5:29 PM.

Friday, July 18, 2008 CNBC Bonus Bucks Trivia Questions & Answers was the previous entry in this blog.

Get ready, set, start trading! is the next entry in this blog.

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