Angie Ellis wins the six-week shares race
Angie Ellis, of 80 20 Investments, has won the six-week shares race, with four of her 10 picks firing to finish with her original $100,000 worth $121,754.
Her $10,000 investment in Advance Nanotek, which makes materials such as a broad spectrum UV absorber used in sun creams, ended the race worth $21,921 — the best performing tip of all.
Software company Livetiles was her second-best performing pick, with her original $10,000 worth $16,087. And her pick of Mount Gibson, the iron ore producer, was worth $15,066.
Splitit, the "buy now, pay later" rival of Afterpay, was also held by second-place holder Chris Conway, of the sharemarket newsletter Marcus Today. Their original $10,000 in the stock is worth $13,506.
Conway’s second-best performer was Rhipe Ltd, an IT company, with his original investment worth $13,000 to end the race with his portfolio worth $113,359.
Not all of Ellis' picks paid off. She held Simble Solutions, the energy management software company, with her original $10,000 in the stock worth $6,771 — the worst-performing tip of all.
The sharemarket, as measured by the S&P/ASX 300, was down by almost half a per cent to 6,154 points as at the close on Thursday — the day the Shares Race finished for the week.
The Shares Race is a fantasy shares game that ran for six weeks. Players started with $100,000, divided evenly across 10 stocks. Their progress was reported weekly