Since my last post on October 8, 2017, I did not make a follow-up post. Well, here it is today.
Since my initial allocation into the aerospace and defense, retail, and financials, I did carry out additional trades or portfolio rebalancing. Taking a passive management approach throughout the life of this competition has certainly paid off.
About two weeks ago, I received the email notifying me that I came right at the cut off at the 200th place mark. Pursuing this passive strategy, I generated a profit of $87,474.08 utilizing a starting capital of $1,000,000.
Once again, I reiterate my frustration with the typical stock trading challenges since it promotes drastically concentrated portfolios that could make or break your performance.
Regardless, Capitalize4Kids is holding a second competition with a duration of two months. We are actually a few days in the competition already, but stay tuned for my next post as I once again re-allocate my portfolio.