Looking to top the CNBC Portfolio Challenge leader board? The following links will help; Week 10 Final Portfolio, Contest Wrap-up and Thoughts • July 18 Bonus Bucks Answers

Tracking Our CNBC Million Dollar Portfolio: Part 2

The time we last posted our CNBC Portfolio on March 28, we were in the top 1% and had a ranking of 2530 and a decent total return of 27.19%. Initially we had made some profits trading shares of Crystallex Corp. (AMEX: KRY) and CV Therapeutics Inc. (NASDAQ: CVTX). As of yesterday, our portfolio appreciated even more as we now have a total portfolio gain of 51.03%. We are also proud to still be in the top 1% and our ranking has moved up to 1458, our highest to date out of the hundreds of thousands contestants that have participated. We are mostly holding shares of Fremont General Corp. (NYSE: FMT) because the stock is hovering near 52-week lows and could see a major bounce. Some upside catalysts for the stock include the hiring of a new auditor, financing moves, putting the company on the selling block like fellow subprime lender NovaStar Financial Inc. (NYSE: NFI) has done, or a bailout of the subprime sector that would initiate a major short squeeze. Though the stock is risky, if any of the above scenarios play out, Fremont shares could help your portfolio crack the leaderboard.Have any other investment ideas for the CNBC Portfolio Challenge? Post your picks below to share with other investors. We will also take a look at them in a future blog post to determine if they are worth holding for the portfolio challenge.

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It's that time of year again. CNBC's Million Dollar Portfolio Challenge will be getting underway on Monday, May 12. The tournament is similar in fashion to last year; each contestant receives 1 million CNBC Bucks and can trade stocks with a minimum market cap of $500 million. In addition to 10 pretty cool weekly prizes, there is a grand prize of $500,000 to the lucky contestant who finishes with the highest portfolio return. The only twist to the tournament is that currency trading is now allowed.

We'll be doing a number of things this time around to help with your trading success and so you can have better shot at winning the tournament. Follow the links below to learn more, and good luck!