Suitably Flip

CNBC Million Dollar Portfolio Challenge - Monday, Week 4

Experiencing technical difficulties this morning (posting via Blackberry). Today's full content will be forthcoming a little later today.

In the meantime, I hope some of you were successful in emptying out your currency portfolios and are starting the week with leaner, equities-only balances.

Sound off in the comments with the details of any particularly depleted portfolios. I'm excited to hear how low some of our starting points are. I think our latest leveraged ETF baskets are well positioned to make some heroic gains, absent the dilutive effects of idle currencies.

And for those of you who made your first forays into currency trading during the systematic annihilation, a happy side effect may be a better familiarity with how the system works, and possibly some new ideas about how to incorporate them into your strategies for your other portfolios.

If you didn't get a chance last Friday to wipe out your currency balance on your happily languishing portfolios, you can still do so, but realize it won't help you for Week 4. That said, it's still worth doing to get those accounts set up for Week 5.

(For instructions on how to efficiently demolish your currency portfolio, check out last Friday's post.)

Update: Technical issues persist. For the time being, Monday's trivia answers are available in the comment thread to this post. Today's reallocation will involve the same two ETF baskets from Friday. So any portfolios you've got in today's winning group (which appears to be the ultrabulls, based on early trading), move half of those portfolios into the ultrabears and leave the other half in the ultrabulls. If you've got just one in today's winning group, allocate it according to birthyear. If odd, put it in the ultrabulls. If even, go with the ultrabears.

Also bear in mind, if you've got an ultrabull (say) in the winning group and it's one marked for ultrabulls tomorrow as well, you still need to reallocate it, such that all four ETFs are set back to 25%. The different percent change during the session can shift your allocation and you'll want to smooth it out before the end of the day even if that portfolio is staying in the same basket.

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CNBC Million Dollar Portfolio Challenge - Monday, Week 4

Experiencing technical difficulties this morning (posting via Blackberry). Today's full content will be forthcoming a little later today.

In the meantime, I hope some of you were successful in emptying out your currency portfolios and are starting the week with leaner, equities-only balances.

Sound off in the comments with the details of any particularly depleted portfolios. I'm excited to hear how low some of our starting points are. I think our latest leveraged ETF baskets are well positioned to make some heroic gains, absent the dilutive effects of idle currencies.

And for those of you who made your first forays into currency trading during the systematic annihilation, a happy side effect may be a better familiarity with how the system works, and possibly some new ideas about how to incorporate them into your strategies for your other portfolios.

If you didn't get a chance last Friday to wipe out your currency balance on your happily languishing portfolios, you can still do so, but realize it won't help you for Week 4. That said, it's still worth doing to get those accounts set up for Week 5.

(For instructions on how to efficiently demolish your currency portfolio, check out last Friday's post.)

Update: Technical issues persist. For the time being, Monday's trivia answers are available in the comment thread to this post. Today's reallocation will involve the same two ETF baskets from Friday. So any portfolios you've got in today's winning group (which appears to be the ultrabulls, based on early trading), move half of those portfolios into the ultrabears and leave the other half in the ultrabulls. If you've got just one in today's winning group, allocate it according to birthyear. If odd, put it in the ultrabulls. If even, go with the ultrabears.

Also bear in mind, if you've got an ultrabull (say) in the winning group and it's one marked for ultrabulls tomorrow as well, you still need to reallocate it, such that all four ETFs are set back to 25%. The different percent change during the session can shift your allocation and you'll want to smooth it out before the end of the day even if that portfolio is staying in the same basket.