Every year, readers of The Great Race are given an opportunity to test their mettle as financial forecasters. Entries that come closest to the total portfolio value of The Great Race at the end of each year can win valuable prizes.
In 1988, we tracked a hypothetical $1,000 investment since January 4 in each of the following vehicles: an average over-the-counter stock; an average money market fund; an average mutual fund as determined by the Lipper Mutual Funds index; a 31/2-year certificate of deposit; a 90-day T-bill; gold; silver; a 30-year Treasury bond; and an average blue chip stock.The total portfolio value of The Great Race as of December 28, 1988, was $9,322.80.
The Meyers Report is pleased to announce the following winners of the Annual Great Race Contest for 1988:
(BU) First Place.
Evelyn F. Sims, San Antonio, Texas; forecast - $9,323.27
The first place winner receives a $500 U.S. savings bond.
- Second Place.
Bob Stuessi, Sandy, Utah; forecast - $9,323.31
The second place winner receives a large Garfield doll.
- Third Place.
R.P. Balog, San Antonio, Texas; forecast - $9,323.52.
Dennis Christensen, San Antonio, Texas; forecast - $9,323.52.
Carolyn L. Smith, Hainesport, New Jersey; forecast - $9,322.00
Carl A. Heldmaier, Mt. Prospect, Illinois; forecast - $9,322.00
Third place winners receive Garfield dolls that can be affixed to their car windows.
The Meyers Report thanks all who entered. For those of you who didn't win, you may find comfort in the old adage of frustrated sports fans: "Wait until next year!"