Jun 01, 2009
kosmo - See all 756 of my articles
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 long last, we unveil the first monthly update.
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 May 31 (the 151st day of the day), the Dow was at 8500.33
This is a gain of 580.15, or 12.34 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 11,140.92 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||11140.92||0|
|No Team||Kosmo @ The Soap Boxers||8999||2141.92|
|David||Phil Ossifer @ The Soap Boxers||8500||2640.92|
|Goliath||Trevor @ Financial Nut||8500||2640.92|
|Goliath||Heidi @ Banker Girl||8400||2740.92|
|Goliath||Lazy @ Lazy Man and Money||8232||2908.92|
I also invited visitors to play along at home. Let’s see how they are doing.
|Player||Player’s Guess||Difference from projection|
Visitor Mike missed the April 30 cutoff, but submitted a guess of 11,600 – a projected difference of just 459.08.
At this point, team Goliath seems to be off to a strong starts as the Dow has been fairly strong over the last 6 weeks. There are still 7 long months ahead of us before the end of the year – a lot can change! Check back each month for an update.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: