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SmootSmack 03-05-2007 09:08 PM

CNBC's Million Dollar Challenge
 
This has Saden and Schneed written all over it. We should hold a poll on who would win

[url=http://contests.cnbc.com/milliondollar/main.do]Million Dollar Challenge - Home[/url]

saden1 03-09-2007 03:50 AM

Re: CNBC's Million Dollar Challenge
 
You know, I'd hate to play this game because I'm a lazy motherf*er. Besides, there's no way in hell I can win against the market and other players. Short term investing is mostly about luck.


In the words of Bart Simpson “Can’t win. Don’t try.”

That Guy 03-09-2007 05:02 AM

Re: CNBC's Million Dollar Challenge
 
its easy to win. make 42+ accounts, invest each entirely into a single stock and collect your prize.

it IS a total crapshoot and purely based on luck though.

firstdown 03-09-2007 11:37 AM

Re: CNBC's Million Dollar Challenge
 
I played golf last Saturday with a guy who appeared on CNBC Fast Money. I knew the dud had a hugh house but after watching the show he is also very smart as hell. Its kind of cool how someone can act like a normal joe and then you see them on a show like that and sit back and just say that duds got it going on.

saden1 03-09-2007 01:38 PM

Re: CNBC's Million Dollar Challenge
 
[QUOTE=That Guy;286204]its easy to win. make 42+ accounts, invest each entirely into a single stock and collect your prize.

it IS a total crapshoot and purely based on luck though.[/QUOTE]

So, are you working your scheme?

That Guy 03-09-2007 05:01 PM

Re: CNBC's Million Dollar Challenge
 
[quote=saden1;286310]So, are you working your scheme?[/quote]

not really. with 400000000000000000000000 stocks, i mean, it's like buying 10 lottery tickets when the odds are 1 in 72 million and expecting to win :/.

I have a couple, but i think insider trading info would really help too.

the problem is, day traders always lose money. maybe they have a good day/week/month/year, but over the long run, with fees and speculation on speculation, the house always wins (unless they're riding on spamvertised penny stocks).

either way, finding someone who gets lucky on investments in a two week period and then bringing him on the show to talk about money is ridiculous. Investment is about the long term... it's impossible to turn 20-40% profit every month; you just can't keep that up.

answers to the daily bonus questions:
[URL="http://investing1848.blogspot.com/"]Adventures in Online Investing[/URL]


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