Just when you thought the Grow Your Dough Throwdown was done, we're back for another year.
It's time for Grow Your Dough Throwdown 2.0.
I had a blast throwing down with my fellow personal finance bloggers that I knew that I wanted to do it again. But if I did it again, I wanted a few things to be different:
- More bloggers joining the fun.
- A much easier way to track the performance for each blogger.
Motif Joins the Fun
I got a chance to meet Nick and Saquib who work at Motif Investing at the Financial Bloggers Conference this past fall. They were excited to meet me and share how much fun it was watching the throwdown. #blushing
They then expressed interest being involved if I did it again. It sounded appealing but I wasn't sure if I wanted to partner with just one company.
Well, that quickly changed when they told me that they could build a custom leaderboard that could track all of portfolios on a daily basis and show which bloggers were in the lead.
That's all I needed to hear. I was sold.
The Good Financial Cents Motif
Another cool feature by using Motif is that we can create our own. Below you see the “Good Financial Cents' Motif. Really original, right? Ha!
Anyone that has a Motif account can actually buy my Motif which is pretty cool.
I have no idea why they would want to do that – ha!
A quick disclaimer: as a financial planner I need to say that investing should always be considered a long term strategy. This throwdown is meant to be both fun and education in nature. This throwdown is not and should not be treated as investment advice. Please see the bottom of the post for a more in depth disclaimer.
If you scan my holdings below, you'll notice that there really isn't a them or a clear strategy. Most of the stocks I bought had a decent dividend with the entire portfolio offering a 8.8% dividend yield.
Provided my initial investment just maintained it's original value an 8.8% return would be much better than what I did in last years throwdown.
This Years Players
This year we have some returning players as well as some fresh faces. Here's who I
suckered convinced to join me this year:
- Paula from AffordAnything.com
- Glen from FreeFromBroke.com
- Larry from InvestorJunkie.com
- Robert from TheCollegeInvestor.com
- Rob from DoughRoller.net
- Latisha from YoungFinances.com
- Julie from InvestingToThrive.com
- Bob from ChristianPF.com (new)
- David from MoneyUnder30.com (new)
- Peter from BibleMoneyMatters.com
- J. Money from BudgetsAreSexy.com (new)
- Ryan from CashMoneyLife.com (new)
- Joe from StackingBenjamins.com
- Phil (“PT) from PTMoney.com (last year's champ)
- Harlan from ConsumerismCommentary.com
- Steve from MyWifeQuitHerJob.com (new)
- Miranda from PlantingMoneySeeds.com
- John from FrugalRules.com
- Deacon from WellKeptWallet.com (new)
The throwdown has just started and there has already been plenty of smack talk going around. I wouldn't have it any other way. 🙂
What About The Other Portfolios?
Instead, I've decided I'm going to leave those accounts opened an continue to show how the portfolios grow over time. Investing should be about the long-term anyway, right?
Now you can see short-term results with GYD 2.0 and the start of long-term results with last year's throwdown. 🙂
Want to Try Out Motif?
If you're interested in either building your own motif our investing in some of the pre-built motifs, you can earn up to $150 by opening an account today.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly. Content posted by third parties on this site is screened in order to protect clients' privacy and comply with regulatory requirements. Content containing sensitive personal information, inappropriate language, information about specific investments, misleading information, information about other companies or websites, or information related to litigation will be removed. Content posted by third-parties on this site remains the responsibility of the party posting the content and is not adopted or endorsed by GoodFinancialCents.com or Alliance Wealth Management, LLC. Any opinions or statements posted by third parties are their own and may not be representative of the experience of others and are not indicative of future performance or success. Third party content on this site does not reflect the views of GoodFinancialCents.com and have not been reviewed by the principal owner, Jeff Rose, as to accuracy or completeness.