OK, I said I wasn’t going to post any article this weekend, but here is a short one.

Back On April 15, we launched a Stock Market contest (click link to see insights from the participants) in which a team of Goliaths (personal finance bloggers) were matched up against a team of Davids (people who were not personal finance bloggers). At the end of May, the Dow stood at 8500.33 and had gained average 12.34 points during the course of the contest, making the Davids the favorites.

The market tried to tread water in June, however, closing the month down 53.33 points at 8447.00.  Once again, we’ll project the Dow’s year end close, assuming a linear trend.

At the end of the day on April 14th (the 104th day of the year), the Dow was at 7920.18.

At the end of the day on June 30 (the 181st day of the day), the Dow was at 8500.33

This is a gain of 526.82, or 6.84 points per day. If we assume that the market will contain to gain at exactly the same rate throughout the rest of the year (yes, a ridiculous assumption), the Dow will be at 9185.58 at the end of the year.

How do our contestants stack up?

Team Player Player’s Guess Difference from projection
N/A Projected year end Dow 9185.58 0
No Team Kosmo @ The Soap Boxers 8999 186.58
David Peter Rabbit @ The Soap Boxers 9500 314.42
David Phil Ossifer @ The Soap Boxers 8500 685.58
Goliath Trevor @ Financial Nut 8500 685.58
David Black Hole 8492.48 693.10
Goliath Heidi @ Banker Girl 8400 785.58
Goliath Lazy @ Lazy Man and Money 8232 953.58

I also invited visitors to play along at home. Let’s see how they are doing.

Player Player’s Guess Difference from projection
Hilary 9500 314.42
Karchy 9777 591.42
Jeff 7800 1385.58

At this point, team David is still in the lead, but the fact that the Dow was down for the month of June has allowed team Goliath to get much closer.  Check back next month for the next update.

1 Comment

Share this article via email

Kosmo is the founder of The Soap Boxers and writes on a variety of topics. Many of his short stories have been collected into Kindle books.

Like this site? Subscribe via RSS, Subscribe via Email, or Follow us on Twitter or Facebook.

The permanent URL for this article is:
http://www.thesoapboxers.com/dow-contest-end-june/