Stock Picking Contest(s)

Stock Picking Contest

Every year  around this time people start posting their goals, weight loss challenges, recaps of the previous year and my personal favourites: Stock picking contests!

This year I entered two different contests – which are run slightly different.

Contest 1: Roadmap2Retire’s Stock Picking Contest

Sabeel from Roadmap2Retire runs an annual contest where he invites financial bloggers to choose 1 stock they think will perform the best over the next 12 months. Typically whoever wins this contest will pick a weed stock, or some penny stock that happens to jump 60% over the year.  Instead of gambling on something like that, I wanted to pick a stock that I would be comfortable owning, and one that I intend on buying this year.  I probably wont win the contest with a strategy like this, but I’m an investor – not a gambler.

The stock I chose was: Transcontinental (TCL).  I’ve had this company on my watchlist for about 6 months, after it screened very well in my summer stock screen.  I even wrote a follow up post about the company about 2 months ago, after it had dropped in price to a discount of about 30% from its 52 week high.  You can read that full post HERE.

 

Contest 2: AssetBasedLife Stock Contest

Paul from Asset based life is also running a stock picking contest.  This one is a little more in depth, as you are not required to just pick 1 stock and hold it all year.  In this contest, you are given $100,000 (USD) of play money, and can buy as many companies as you’d like.  You can also buy and sell throughout the year.

So far 15 people have registered for this contest, and I am happy to say I am currently sitting in 1st place (up 7.39% in 10 days!).  Obviously there is still a lot of time left to go – but anytime I can brag about beating some fine people like Nelson from Financial Uproar, Paul from AssetBasedLife, DividendGrowthInvestor , Mrtako  and others you know I will!

I am not sure how active I will be in this contest, ideally my picks will continue to make gains, and I won’t have to make many trades.  The strategy I used was to pick companies I am familiar with, which I think have good growth potential and which had recently dipped quite a bit.  Here is the list of stocks I started with:

Stock Price Purchased # of Shares
Artis Reit 9.3 1000
Dollorama 32.37 500
Laurentian Bank 38.7 499
Power Corp 24.52 750
Interrent Reit 12.98 1100
Transcontintenal 19.57 1000
Caledonia Mining 5.72 997
Xcco Technologies 9.18 1500
Richelieu Hardware 22.87 570

Currently all my holdings are up, except for Interrent Reit. which is just down .08%.  My biggest gainers are Laurentian Bank (12.87%) and Richelieu (8.13%).

 

I’ll try to post a quarterly update each month until these contests are done!

 

11 Comments on “Stock Picking Contest(s)

  1. Thanks for sharing the contest with your readers, Jordan. Looking forward to seeing how this year turns out. After one week, I am right at the bottom of the table lol

    R2R

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  2. very cool. Im in roads and the other one seems really cool. Like your picks!

    I was watching richeleu before but nice to see a bounce.

    good luck
    cheers

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  3. Damn! Wish we had heard about these and I definitely would have gone into them. Would definitely be a good way to show off our growth screener we developed.

    Like

  4. Pingback: Weekly Linkfest #36 - Financial Uproar

  5. Pingback: 2019 Stock Picking Contest | Asset-Based Life

  6. I Picked Dollarama one year when it first came out in Nelson’s stock picking contest 🙂 Can’t go wrong with that one, love it. Do you guys have Dollarama in Mannitoba?

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    • Yes, they have a LOT of them here…and the few times I have gone in – they’ve been pretty busy.

      I usually buy some bar supplies from there (syrup bottles, ice cube molds, fine strainers, etc)

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  7. Hi there, this weekend is nice in support of me, for the reason that this moment i am reading this
    enormous educational paragraph here at my house.

    Like

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