Suitably Flip

CNBC Million Dollar Portfolio Challenge - Thursday, Week 4

Many of you have been asking what's up with the ETF RFN, which executed a distribution, thus causing the per share price to plummet on Wednesday. I emailed CNBC to inquire whether this impact would be adjusted in the portfolios. Last I heard from them, they were still deliberating, but it appears that accounts holding RFN have indeed been adjusted upward accordingly. Let me know if your portfolio(s) show anything different, as the impact was significant.

The technical issues on this end that have constrained the full-featuredness of this week's posts are slowly coming to an end. Suffice it to say that Facebook worm was a gnarly one, particularly for an immuno-compromised machine.

I promise this will be the last morning you need to jump into the comment thread for your Bonus Bucks answers. Once we're back to normal capacity, I'll make it up to you with some bonus content.

Meanwhile, today's final reallocation for Week 4 will again use our two most recently modified ETF baskets (as detailed in Friday's post).

Please keep us all updated with your progress. Many of you are reporting great results in the comments and via email.

And remember, there's still plenty of time to vacate your currency portfolios in time to turbo charge your Week 5 performance.

Email me with any questions, lingering RFN issues, etc.

Update: Reader Tom from Oregon sends in an excellent tip for expediting the currency drainage process.

Found a significant improvement in the currency draining process that I wanted to share… Let's assume you have $100k, so you can buy 10 contracts.  Open a position in the NZD/JPY (long or short, doesn't matter).  If you go long 10 contracts, when you go to close the position, sell 20 contracts, which will simultaneously close out the 10 you bought and create a short position of 10 contracts.  Benefits are two-fold:Half the number of clicks to empty the accountSince you are always in a trade, it will not let you complete the trade if you pick the wrong currency by accident.  Didn't happen a ton, but as many times as I had to click, occasionally I would select the wrong currency by accident.  I then had to figure out what currency I had bought to unwind it, which just added time.

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CNBC Million Dollar Portfolio Challenge - Thursday, Week 4

Many of you have been asking what's up with the ETF RFN, which executed a distribution, thus causing the per share price to plummet on Wednesday. I emailed CNBC to inquire whether this impact would be adjusted in the portfolios. Last I heard from them, they were still deliberating, but it appears that accounts holding RFN have indeed been adjusted upward accordingly. Let me know if your portfolio(s) show anything different, as the impact was significant.

The technical issues on this end that have constrained the full-featuredness of this week's posts are slowly coming to an end. Suffice it to say that Facebook worm was a gnarly one, particularly for an immuno-compromised machine.

I promise this will be the last morning you need to jump into the comment thread for your Bonus Bucks answers. Once we're back to normal capacity, I'll make it up to you with some bonus content.

Meanwhile, today's final reallocation for Week 4 will again use our two most recently modified ETF baskets (as detailed in Friday's post).

Please keep us all updated with your progress. Many of you are reporting great results in the comments and via email.

And remember, there's still plenty of time to vacate your currency portfolios in time to turbo charge your Week 5 performance.

Email me with any questions, lingering RFN issues, etc.

Update: Reader Tom from Oregon sends in an excellent tip for expediting the currency drainage process.

Found a significant improvement in the currency draining process that I wanted to share… Let's assume you have $100k, so you can buy 10 contracts.  Open a position in the NZD/JPY (long or short, doesn't matter).  If you go long 10 contracts, when you go to close the position, sell 20 contracts, which will simultaneously close out the 10 you bought and create a short position of 10 contracts.  Benefits are two-fold:Half the number of clicks to empty the accountSince you are always in a trade, it will not let you complete the trade if you pick the wrong currency by accident.  Didn't happen a ton, but as many times as I had to click, occasionally I would select the wrong currency by accident.  I then had to figure out what currency I had bought to unwind it, which just added time.