It’s time for another Grow Your Dough Throwdown update.
We’ve reached the midway point, and the competition is definitely heating up. The Dow Jones shows no sign of letting go, hitting that phenomenal 17,000 mark.
Side note – isn’t that freaking crazy? It seems like yesterday that it was March of 2009 and the Dow Jones was at 6,500, and now we’ve hit 17,000? As my Filipino mom would say, “What the heck is that?” I digress, I digress…..
For those of you who are new to the Grow Your Dough Throwdown, here’s a brief recap on what this Throwdown is all about:
I opened seven different accounts with seven different online brokers and investment sites, and deposited $1000 into each. The idea was to see how each would compare after a year’s worth of growth. To make it more exciting, I solicited several other personal finance blogging experts to join me in the fun.
Each of them has opened up an account at an online investment site of their choice, and deposited $1,000. As a rule of state, we cannot deposit any more money throughout the year, but we can trade as much as we want. Since I opened up seven different accounts, I’m using only one account with my numbers compared to them. So how is it going? Let’s take a look.