The closing date of submission will be tomorrow 15/7/2015. Apparently, I have join this contest and submit my portfolio yesterday.
If any of you are keen to join it, click on the link below for more information.
The investment objective for this contest is to allocate the initial capital of SGD $50,000 to a minimum of 1 to maximum of 8 stocks with 8% return per annum. No short selling is allow for the portfolio.
After I have conducted my selection, I have settle down with 5 stocks. And till date, these 5 stocks with an investment value of $49,965.50 is sitting with a profit of $3,376.645, capital gain of 6.74%
Nevertheless, I have also set up another portfolio only to invest in the STI ETF for comparison purpose with an investment value of $49,830 is sitting with a profit of $1057, capital gain of 2.12%
Therefore, this Invest Idol portfolio have beaten the STI ETF (Index) by 4.62%
However, the main objective for this contest as I have mention earlier on, is to have a minimum of 8% return per annum.
In general, I also did a calculation on the projected ROI for this portfolio base on the target price to sell, thus the average projected ROI will be at 10.15% and have also exceeded the contest criteria by 2.15%.
For the contest confidentially purpose, I could only be providing the details at the latter date, which I hope that my readers will not mind about it.