Stock Picking (Beat Boho) Contest - V2.0

[Spudd]

I decided to search and I found a site that seems reasonable. I will sign up and if anyone wants to join me please feel free! Especially Boho, since I named the contest after him.

https://www.howthemarketworks.com/register/152523

[Boho]

Quote:

Originally Posted by Spudd I decided to search and I found a site that seems reasonable. I will sign up and if anyone wants to join me please feel free! Especially Boho, since I named the contest after him. https://www.howthemarketworks.com/register/152523

I lost confidence in even the most promising looking simulators. This Investopedia will be the last one I try unless an actual brokerage decides to create one.

[easysurfer]

Quote:

Originally Posted by Spudd I decided to search and I found a site that seems reasonable. I will sign up and if anyone wants to join me please feel free! Especially Boho, since I named the contest after him. https://www.howthemarketworks.com/register/152523

Count me in. What do I have lose except Boho's pride?

Going to register and sign up now.

[easysurfer]

Quote:

Originally Posted by Boho I lost confidence in even the most promising looking simulators. This Investopedia will be the last one I try unless an actual brokerage decides to create one.

I'm starting the BoHO! BoHO! BoHO! chant in hopes you'll join Spudd's contest so we can see the Boho Shuffle there too .

[Boho]

In case I wasn't clear, I'm not doing howthemarketworks.

[sengsational]

I found that although I could scrape all players trades, I couldn't scrape corporate actions, except my own. But I forged ahead. But when people were getting stock for free, and it was undetectable, I gave up. I'm not sure I'll invest the time in another game.

[ransil]

Quote:

Originally Posted by Spudd I decided to search and I found a site that seems reasonable. I will sign up and if anyone wants to join me please feel free! Especially Boho, since I named the contest after him. https://www.howthemarketworks.com/register/152523

I'll play, ain't my money [emoji16]

[easysurfer]

Quote:

Originally Posted by ransil I'll play, ain't my money [emoji16]

Now that's the spirit .

[easysurfer]

I created a new thread for the Stock Picking Contest v3.0 which Spudd created. Here is the thread link for those interested:

http://www.early-retirement.org/foru...0-a-97638.html

[Boho]

FWIW, I'm still playing this. I have $86,632.69 cash that I'll probably use on Monday for an index fund once the S&P drops to a certain point, like around .7%. I'll probably end up getting it cheaper than that.

[easysurfer]

Quote:

Originally Posted by Boho FWIW, I'm still playing this. I have $86,632.69 cash that I'll probably use on Monday for an index fund once the S&P drops to a certain point, like around .7%. I'll probably end up getting it cheaper than that.

FYI - I won't end the Beat Boho v2.0 contest early but will just let that run til the end.

[Boho]

I've been hating Musk for a long time and finally made a feel-good short of TSLA to reward myself for recent gains.

[Boho]

I'm at $1,202,621.44. If my calculations are correct, since the start of the contest that's a 20.26% gain for me compared to a 21.82% gain by the S&P. I'm now holding all index funds, mostly S&P, and $829.29 cash. If I keep this position I'd be an average of .52% per year behind the S&P by the end of the contest, with the first year being behind, the second being equal, and the last being ahead. I'm going to try beating it though.

[ERD50]

Quote:

Originally Posted by Boho I'm at $1,202,621.44. If my calculations are correct, since the start of the contest that's a 20.26% gain for me compared to a 21.82% gain by the S&P. I'm now holding all index funds, mostly S&P, and $829.29 cash. If I keep this position I'd be an average of .52% per year behind the S&P by the end of the contest, with the first year being behind, the second being equal, and the last being ahead. I'm going to try beating it though.

Would you show your work/source please? I believe that your calculations on the S&P are not correct.

-ERD50

[FIRE'd@51]

Quote:

Originally Posted by ERD50 I believe that your calculations on the S&P are not correct. -ERD50

He didn't include 2 years of dividends on the S&P 500.

[Boho]

Quote:

Originally Posted by ERD50 Would you show your work/source please? I believe that your calculations on the S&P are not correct. -ERD50

From stockcharts.com, but I guess I didn't include 2 years of dividends. What's the correct gain for the S&P then?

[ERD50]

Quote:

Originally Posted by Boho From stockcharts.com, but I guess I didn't include 2 years of dividends. What's the correct gain for the S&P then?

Looks like if you select a 'predefined sector', it just gives the NAV.

I assume your url was:

https://stockcharts.com/freecharts/perf.php?$SPX

But when I select SPY, it gives actual total return (performance, including reinvested divs):

https://stockcharts.com/freecharts/perf.php?SPY

It shows 26.89% total return, and nunun's value should reflect that if he hasn't been taken out of the contest due to non-activity. You still have a lot of catching up to do.

-ERD50

[karluk]

Quote:

Originally Posted by ERD50 It shows 26.89% total return, and nunun's value should reflect that if he hasn't been taken out of the contest due to non-activity. You still have a lot of catching up to do.

It's even worse than that. Boho not only got the index performance wrong, but he gives his own portfolio value from the Investopedia rankings page. I went into some detail earlier this month explaining why the Investopedia rankings are hopelessly inaccurate. If Boho took the trouble to make an accurate calculation of his performance, he would be even farther behind the indexes.

[Boho]

Quote:

Originally Posted by karluk If Boho took the trouble to make an accurate calculation of his performance, he would be even farther behind the indexes.

Because I didn't pay interest on my three or so shorts? I didn't hold them too long. If you'd like to estimate the right account value, I'll go along with that.

[karluk]

Quote:

Originally Posted by Boho Because I didn't pay interest on my three or so shorts? I didn't hold them too long. If you'd like to estimate the right account value, I'll go along with that.

Boho, I know that you've been using significant leverage for many months now. In fact, it's the primary reason I think you've improved as an investor over the course of the game - instead of taking crazy fliers on stocks of companies you know absolutely nothing about, you've recently stuck mostly to index investing and have used the very valid strategy of increasing expected return by increasing risk through the use of leverage. It's not your fault that Investopedia has messed up leverage by failing to charge interest on margin accounts.

If you really want to let us know how you're doing, it's well within your power. Just post screen shots of your corporate action history. As far as I know, all of the interest charges are posted there - they just haven't been subtracted from your portfolio value.