Ohio Waitress Wins CNBC Portfolio Challenge
Mary Sue Williams, waitress and former welder from St. Clairsville, Ohio, is the winner of the Million Dollar Portfolio Challenge, CNBC announced Friday. Williams, who has never owned a stock, was placed sixth overall in the last ranking, but prevailed after disqualifications resulting from verboten after-hours trading and manipulation of real stock prices for simulated portfolios. She will receive $100,000 upfront and $36,000 per year for 25 years, the Associated Press Reports.
Williams, 46, says she looked for stocks of companies with low debt levels and picked one stock a day to buy.