Congratulations THID!
THID’s portfolio has taken the 2018 Biotech Stockpicking Charity Contest Crown with a 38.94% gain for the year.
THID’s chosen charity is the Methusaleh Foundation. The Foundation website states it is a 501(C)(3) organization, making donations tax deductible. Here’s the website link: mfoundation.org
In past Contests, some contestants have also donated to a charity of my choice. Of course, such donation is entirely optional. My chosen charity continues to be the East Bay College Fund. Here’s the link: eastbaycollegefund.org
Biotechs, to put it mildly, have seen better years than 2018. And despite today’s rally the Contest portfolio year-end numbers finished deep in the red.
So, given the poor performance of biotechs in 2018, the close to 40% gain by THID’s portfolio is impressive!
In fact, all 10 portfolios that ended the year in the green deserve kudos.
Here are the 2018 summary numbers:
The Contest median ended the year with a -21.22% loss. Also down for the year were the NBI (-9.32%), the SPSIBI (-15.11%) and the IXIC (-3.88%).
I will post a 12/31 update as well as more detailed 2018 Contest data as soon as I can get the time.
Meanwhile, the 2019 Contest deadline is rapidly approaching, so please post your portfolios:
The Contest submission deadline is Tuesday, 1/1/2018, Midnight, PST.
Here’s the link to the 2019 Biotech Charity Contest board:
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