I am a big believer in index funds. I think 99% of people are better off investing their savings in index funds rather than individual stocks.
With that said, it’s still fun to track how individual stocks perform over time. This year I’m conducting a stock-picking contest and I want your stock picks for 2018. Here’s how it works.
You pick three stocks. Each is assumed to represent 1/3 of an imaginary portfolio. I will track the returns of each of the three stocks for every person who decides to participate. I will use Jan. 2, 2018 (the first trading day of the year) through Dec. 1, 2018 (the last trading day of the year) as the timeline for tracking returns.
Here are my three picks: (Disclaimer: I don’t personally hold any of these stocks)
Dollar General (DG)
Leave a comment below with your three stock picks for 2018 along with their ticker symbols in parentheses. Be sure to provide a name (or alias) in your comment so I know who picked which stocks. If for some reason you are unable to leave a comment, shoot me an email with your three picks at firstname.lastname@example.org.
I will provide quarterly updates throughout 2018 to show how everyone’s stock picks are doing. This is just a fun experiment I want to run. It will be neat to see how everyone stacks up against the S&P 500. This contest is open to anyone and everyone. Heck, have your kids pick three stocks for you.
I haven’t decided what type of prize the winner will receive at the end of the year, but I’ll keep you all informed. I will be accepting picks until Jan. 21, 2018 at midnight. Any comments / emails after that time won’t be accepted.
Note: I realize that the year has already started, but this idea just popped into my head today. I will still use Jan. 2, 2018 – Dec. 31 2018 as the official timeline for tracking the stock returns.