The FT’s doing their annual stock picking competition, the deadline’s midnight on the 2nd February.
Summary (to save you a click)
Every year, FT writers compete to pick a portfolio of five stocks that they predict will generate the highest return over the next calendar year.
To join in, you need to select five stocks and decide whether you want to go “long” (betting the price will rise) or “short” (betting the price will fall). The deadline for entries is midnight on February 2 2020. February 3 will be counted as the start date.
You must pick individual stocks from the alphabetical list provided. The list contains stocks from the FTSE All Share, Dax 30, Eurostoxx, S&P 500, Dow Jones and Nasdaq. Once you click on the list and start typing the first letter of your desired company, the list will jump to all companies beginning with that letter to make selection easier.
If you want to go long or short on a commodity, say oil, you must find a listed stock that will act as a proxy for that (eg BP or Shell).
Entrants who pick the same company more than once will be disqualified from the competition.
The winner is the portfolio that has generated the highest overall return by December 31 2020. This will be calculated by adding up the annual percentage loss or gain of each five stock picks and dividing it by five. If there is a fine margin between two leading entries at the end we will add in dividends to the total return of the longs, and subtract them from the shorts. Currency movements are not taken into account.
If your company is taken over, you take the price at which it is trading at the end of the period, or the final price if it is delisted. If your company is suspended, then you get the suspension price.
The three readers with the best performing portfolios will be invited in for a VIP tour of the FT’s London offices in January 2021, giving them the opportunity to meet all the writers and columnists they have beaten.
I’m thinking of entering, is anyone else? I’d be curious to know if you use our app to help you make your choices