What would you do if you had a million dollars? Would you buy something? Invest it? Give it away? Starting today and for the first time in the UK, all aspiring millionaires can register to try their hand at managing a $1 million “CNBC Bucks” stock & currency portfolio and have the chance to win the grand prize of $1 Million US Dollars in CNBC’s fourth annual Million Dollar Portfolio Challenge.
“CNBC's Million Dollar Portfolio Challenge uniquely offers investors of all experience levels - serious, casual and even non-traders - the opportunity to try their hand at trading stocks and currencies," said Charlotte Westgate, VP, Marketing & Communications, CNBC in EMEA. "Participants gain valuable experience about the equity and currency markets while also having the chance to win incredible prizes. Who wouldn't love $1 million?"
Trading officially starts on Monday, September 19 at 9:30 am ET/2.30pm UK and, for the first time, the contest has gone international and is open to permanent residents of the U.S, UK and Australia. Registered Million Dollar Portfolio Challenge contestants all receive a virtual million U.S. dollars to fictionally trade stocks and exchange traded funds on the NYSE, AMEX, LSE and ASX exchanges as well as currencies in real-time, in up to five separate portfolios. Complete rules can be found at http://milliondollar.cnbc.com.
Each week during the “Challenge,” the participant with the highest weekly percentage increase at the close of business in the US on Fridays (4:00 p.m. ET/9pm UK) will win a three-night trip to one of Kerzern International's luxurious One&Only or Atlantis resorts from around the world.
Trading officially ends on Friday, November 25 at 4:30 pm ET/9.30pm UK. The participant who has the portfolio with the highest aggregate value at the end of the “Challenge” will be awarded the Grand Prize. The second runner-up will drive away with a 2012 Maserati GranTurismo Convertible (Maserati GranCabrio Sport in the UK).
Past “Million Dollar Portfolio Challenge” winners include Mary Sue Williams of St. Clairsville, Ohio, a waitress at an Italian restaurant; Edward Burke, a jazz musician from Shippensburg, Pa., and Stephen Weber, of Lakewood, Ohio, a systems analyst.
CNBC’s 2011 Million Dollar Portfolio Challenge is exclusively sponsored by FXCM.
“We are pleased to be the exclusive sponsor for CNBC’s Million Dollar Portfolio Challenge this year,” said Sameer Bhopale, Chief Marketing Officer, FXCM Inc. (NYSE:FXCM).
“With the growth of retail traders actively joining the currency market, the contest gives us an opportunity to not only show off our platform’s superior trading technology and execution, but also to provide education, news and research on the forex markets. It gives traders an opportunity to test the FX market and test their strategies while playing for the grand prize.”
Follow the “Million Dollar Portfolio Challenge” on both Twitter at @cnbcMDPC (hashtags: #Ifihadamilliondollars ; #portfoliochallenge) and Facebook at http://facebook.com/cnbcmilliondollarportfoliochallenge.