Important notes before we start:
- I got married October 6th and I went from 88th place to 33rd since!
- follow me on Twitter and subscribe to me on CEO.ca
- For the 2020 Stock Contest, I will start taking picks December 15th, look for a how-to participate article sometime mid December
- All information regarding the stock contests can be found on my website www.everythingeven.com
- If you would like to donate or sponsor my site (a banner) please reach out - its getting harder to do this for free as it takes a lot of time and I suspect next year we will have +1,500 users in the contest
- My Watchlist have been updated to include Vanadium, Lithium, E-Sports, and Canadian Oil&Gas (they load slow - bug)
- Management Tracking V1.0 program is 99% complete. Working through bugs...
- Notable Mention: although @LucTenHave is in 21st position, his three picks are all over 50%
Last year the CEO.ca Contest results were embarrassing for just about everyone who entered. Only 31 out of 431 people survived unscathed. I, myself ended with an abysmal -54%. Yes, I too fell for the block chain hype!
Link to the 2018 Results https://ceo.ca/@evenprime/2018-contest-results
We are now ten months into 2019, would we fair much better?
General Contest Company Stats
- 894 contestants each chose 3 companies
- 752 different companies were chosen
- % of companies above 0% (222/752) = 30%
- % of companies in the negative (514/752) = 68%
- % of companies with no change (16/752) = 2%
Portfolios that are:
- Above 25% (98/894) = 11%
- Above 10% (145/894) = 16%
- Above 0% (213/894) = 24% therefore 76% of users are losing $$$
- Below 10% (604/894) = 68%
The numbers speak for themselves. We are not very good stock pickers!
So how about the cough, cough, overly pumped/marketed/hyped - I mean exciting stocks that everyone was ranting about late 2018? Below are the 20 most picked companies in the contest.
Seriously, spend a moment and look at this.
The average gain/loss of these is -35%. It seems to be the same trend year after year. The most picked companies more often than not shit the bed. My recommendation for the 2020 contest is to pick something that no one else is raving about. But even that requires some sort of due diligence, so chose wisely.
But all jokes aside we must remember we work too damn hard to be lousy with our money. Invest safely and do not be afraid to seek out financial advice. Things are never as easy and clear as they seem.
A reminder that being too focused can blind us from what is important.
I wasn't sure what to expect for the results as I haven't produced an article since March and I stopped watching the markets to focus on other areas of my life. But things are finally slowing down and I am able to spend more time on this stuff, so expect to seeme around a bit more often. I enjoy the stock contest although I will admit, I think we need a community seminar that teaches us how to pick better stocks for the contests.
I know the CEO.ca #StockPickingContest is just for fun but I do believe there is a hint of value buried within the statistics. I have found a few gems myself. Can you spot something notable? Please share!
ps I know its only been a month in, but marriage life is awesome!
With gratitude @EvenPrime
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