CNBC Portfolio Challenge First Day Rankings

Following the first day of trading results, the top player rankings for the 2008 CNBC Million Portfolio Challenge were first posted early Teusday evening.

Before I start bragging about my first day success, let me make a some observations that players should consider in the early going.

First the top player, had a first day gain of 15.5%. Assuming he had the total bonus points of $17,000.00, then his gain for the day was around 13.8%.

The numbers below assume full credit of bonus points:

The player ranked number six assuming full bonus credits, has a gain of 10.7%.

The player ranked number ten has a gain of 10.2%.

The player ranked number twenty five has a gain of 9.4%.

Now my first day success was a total return of 7.4% giving a rank of number 784 and a very comfortable positioning for the first day of trading.






Now with only 700 people ahead of me and no doubt half of them with similar portfolios in that list, cutting it down to maybe half of those, I could vault into the top rankings any day now assuming I stay positive and no mistakes.

At least its fun to have a shot at the first weeks prize just so long as its the Yankees that I will see at the World Series.

But I can have much more fun with the grand prize money.

We will see.