CNBC News Releases's "Million Dollar Portfolio Challenge" Kicks Off Today

Kevin Goldman
Million Dollar Portfolio Challenge

ENGLEWOOD CLIFFS, N.J. April 28, 2008---How would you like to put our money where your mouse is?

Registration for the second " Million Dollar Portfolio Challenge" is now open at Contestants will compete for a grand prize of $500,000 with a first prize of $250,000, a second prize of $100,000 and three third place prizes of $50,000. The prizes are awarded to those with the largest portfolios as a sum of equities, currencies and cash.

In addition, there will be 10 weekly prize winners with prizes that include a pair of tickets to the Super Bowl XLIII, nine holes of golf with Annika Sorenstam and a package at her Academy, a seat at the 2009 World Series of Poker and a getaway to Turks and Caicos at the Grace Bay Club (complete list below). The weekly prizes are awarded to one player each week who has the biggest percentage gain from Friday (close of market) to Friday (close of market).

Trading begins May 12, 2008 on and will last 10 weeks, ending July 18, 2008. Each contestant can only play one account; each account will get five (5) portfolios of $1 million "CNBC Bucks." This year, is introducing a new element to the contest: each portfolio is allocated $900,000 "CNBC Bucks" to trade stocks and $100,000 "CNBC Bucks" to trade currencies. In last year's Million Dollar Portfolio Challenge, currencies weren't traded. For a complete set of contest rules and to register for the Million Dollar Portfolio Challenge visit

For stock trading, participants are provided with a fictional trading account, $900,000 in "CNBC Bucks," and the ability to trade individual stocks on the NYSE, NASDAQ and AMEX exchanges. Contestants can trade currencies in virtual real-time, 24 hours a day, seven days a week. Trading stocks can be done any time, but orders are netted out and processed once each trading day after the market closes. Individuals can be awarded bonus money into their trading accounts throughout the contest by answering six (6) trivia questions each day that will appear on and referring friends that register to play.

With the world currency markets so volatile, the Million Dollar Portfolio Challenge will familiarize individuals with how to trade currencies. In addition to hand on experience with trading, there will be a 10-part educational series about the foreign exchange markets.

The weekly prizes are listed below:

WEEK 1: Week Ending 5/16/08, 4:00 pm
Two (2) Tickets to Major League Baseball's World Series

Win two tickets to game three of the 2008 MLB World Series. Prize includes roundtrip flight and hotel accommodations

WEEK 2: Week Ending 5/23/08, 4:00 pm
The Cloister at Sea Island Weekend Getaway

Enjoy three day/two night accommodations for two at Sea Island, Georgia's luxurious hidden gem, the butler-serviced Sea Island Suite at The Cloister. Enjoy one round of golf per person at one of Sea Island's three championship resort courses, and other amazing amenities, including time in the new Cloister Spa.

WEEK 3: Week Ending 5/30/08, 4:00 pm
Sony Style HD Home Entertainment Makeover

Bring High Definition and the ultimate in theatre technology into your home. This Sony Style HD Home Entertainment Package includes: a flat panel 52" LCD with Full HD 1080p, high-resolution video and surround sound with depth and clarity. You also get the most from the Blu-ray disc player which is enhanced by the advanced audio performance of the Sony Style home theater system with BRAVIA® Theatre SyncTM technology*. Products come with a 3-year extended service plan and white glove delivery.

WEEK 4: Week Ending 6/6/08, 4:00 pm
Jamaica Getaway
Jamaica Getaway Flying Privately with Blue Star Jets

Four day, three night accommodations at the gorgeous Royal Plantation Ocho Rios, Jamaica. The stylish, boutique property set on Jamaica's lush northern coast, pampers guests with 74 chic, ocean-view suites, an extraordinary private villa, impeccable service and two private beaches and fly privately with Blue Star Jets. You'll have access to Blue Star Jet amenities.

WEEK 5: Week Ending 6/13/08, 4:00 pm
Set of two TAG Heuer Timepieces

Men's Grand Carrera Automatic Chronograph TAG Heuer Watch and Ladies Carrera Automatic Chronograph TAG Heuer Watch with a diamond bezel.

WEEK 6: Week Ending 6/20/08, 4:00 pm
ANNIKA Academy Golf Outing of a Lifetime

Play with the best of them! Share Annika's passion for golf and fitness with this one of a kind experience. Roundtrip flight and four day/three night hotel accommodations for two at the ANNIKA Academy at the Reunion Resort in Orlando, FL. At the ANNIKA Academy you will get individualized golf instruction by Annika's personal swing coach, Henri Reis, custom made fitness and nutritional programs with her trainer, Kai Fusser, golf swing analysis with Callaway Performance Analysis System, club fitting, and other fabulous amenities, including nine holes with the Annika herself.

WEEK 7: Week Ending 6/27/08, 4:00 pm
Turks and Caicos Getaway Flying Privately with Blue Star Jets

Enjoy a lavish four day/three night trip for two in a beachfront suite at the luxurious Grace Bay Club in Turks & Caicos. Unwind on 11 acres of immaculate beachfront, sip rum punch at the Caribbean's longest bar, master the art of traditional bonefishing and indulge in uninterrupted relaxation complete with gourmet fare and butler service.

Travel privately with Blue Star Jets. You'll have access to Blue Star Jet amenities.

WEEK 8: Week Ending 7/4/08, 4:00 pm
Weekend in a Bentley

Drive around for three days, and two nights in a Bentley with chauffeur services.

WEEK 9: Week Ending 7/11/08, 4:00 pm
World Series of Poker

Guaranteed seat at the 2009 World Series of Poker Main event. Not only do will you get a chance to compete, but you'll be staying at the Rio All Suite Hotel and Casino as long as you're playing in the Main event.

WEEK 10: Week Ending 7/18/08, 4:00 pm
Super Bowl XLIII

Trip for two to Tampa, FL to watch the two kings of football compete in the ultimate championship.

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