2019 NZ Stock Picking Contest
Hi all...well, its that time :-)
Would love to get a big crowd for this coming years competition...I am proposing the same rules as 2018's comp.
1) Pick FIVE different NZX-listed equity instruments (incl. Smartshares and foreign companies listed in NZ). Companies/Funds with a market cap of less than $10m may not be selected.
2) Each pick has an equal weighting.
3) Picks in by 7pm January 2nd 2019 (New Zealand time); ie, prior to trading opening.
4) You may not use the alias that belongs to someone else on sharetrader.co.nz, or misrepresent another person.
Returns calculations
1) Each will start with a notional portfolio of $10,000
2) Returns will be calculate from the last closing price of 2017 (which i think is Dec 31st 2018) to the last closing price of 2019.
3) Its a 'total return' comp, so Dividends will be included - but NOT benefits from imputation credits or other tax-specific benefits.
4) Rights issues are included according to the 'Snoopy Formula'. This does not increase capital, but recognises a capital gain/loss on the rights for the year.
5) If a selection delists or otherwise somehow dissolves; it will be kept but manually adjusted in your selections to reflect the realised situation resulting from the event causing this.
6) Winner is the person who has the largest %age increase.
There are THREE ways to enter:
1) via this survey form: https://1drv.ms/xs/s!AuUMI8ycnlsfhf0...A1E8E32CC4F%7D
2) email to sylvestercat2018@gmail.com
3) private message to me on sharetrader
I won't publish what people are picking before Dec 31st.
Happy Christmas / New Year everyone...and happy picking.
Your faithful puddytat,
Sylvester