It's Official: Goodbye 2006 (with a 19%)
December 29th 2006 10:55
Trading for the year 2006 ended on 29th December, 2 PM, to be exact. The bull continued its run since it was born four years ago as the market posted a return of 19% for the year 2006, performed by the ASX S&P 200 benchmark index which closed 9.4 points higher to 5669.9 points. The All Ords fared better by a point 8, ending the year with 19.8% return for the index.
Thomson Financial noted the year with: "This was the year of record takeovers, with the value of announced deals more than doubling to about US$158 billion"
Since the start of the four-year bull run the market performed a staggering 88% return and the run, as believed, would not end anytime soon with expectations that the market will post a 10% return in addition with an expected 4% divided yield for the year 2007.
The positives might be there for the sharemarket but caution must be taken into account, dilligently, as the slide of the US economy is solidying by the day. The fact that the Aussie market being highly correlated to the US doesn't sounds too good. The Portal takes the view of "Looking North" in order for the local economy to park into stability which augurs well for the sharemarket. Afterall the local market underpeformed the MSCI (ex-Japan) index by 10% this year
Australia in the coming year would see a fragmented economic growth as Victoria and NSW are expected to go sideways economically while Queensland and WA would hold the parties.
Back on the Portal's portfolio, the Portfolio 1.5 - EW* closed the year with a rather impressive return of 39.87%, down by 0.29% from yesterday's record of 40.16%. Total value of the portfolio closed at $58,908 and after-cost profits stood at $15,861.
YML was the most active stock with an intraday movement of 12.20%.
Cheers for the "fundamental technicality" factor for bringing us the good returns in Portfolio 1.5 - EW.
As the year is coming to a close, there are several tasks that the Portal would like to accomplish, and the foremost being fine tuning the current investment strategy employed for the Portfolio 1.5 - EW by way of more in-depth reseach and hopefully, conduct empircal tests to determine the factors in a more concrete settings.
Meanwhile the Portal is in the process of identifying stocks since mid-November, for a 2007 showcase and observation. So far the incomplete set of stocks have turned positive. Remember, the "fundamental technicality" factor is used as a predictive content element.
Also in the pipeline is a mini economic research project that the Portal hope to get start rolling; The Economic Potential Righs Valuation/Quantification Project.
Till then, Benkaiser.NET Investment Portal signs off the last market and portfolio update for 2006.
Wish you all a very Happy New Year!
*Disclosure
NOT SPECIFIC INVESTMENT ADVICE
This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person.
The blogger makes no recommendations as to the merits of any investment opportunity referred to in its website. It is advisable to obtain specific investment advice before making anyinvestment decisions relying on the information provided. While the information available in this publication is obtained from sources believed to be reliable, the blogger gives no assurances or guarantees that the information is accurate, complete or current.
The information is provided for informational purposes only and not intended to constitute legal, financial or professional advice. It has no regard to the investment objectives or circumstances (financial or otherwise) of particular recipients, and is not an exhaustive outline of available investment opportunities.
Appropriate professional advice should be obtained prior to acting on any information contained in this publication. The blogger will not be liable for any loss or damage incurred by any person directly or indirectly as a result of reliance on the information contained in this publication.
PAST RESULTS
Any past results shown or mentioned in any of our reports or web pages do not guarantee future performance.
ACCURACY OF DATA
Whilst all information on this site is believed to be accurate, we take no responsibility and give no assurances that it is accurate. We advise that you to double check any
data before acting upon this information.
Thomson Financial noted the year with: "This was the year of record takeovers, with the value of announced deals more than doubling to about US$158 billion"
Since the start of the four-year bull run the market performed a staggering 88% return and the run, as believed, would not end anytime soon with expectations that the market will post a 10% return in addition with an expected 4% divided yield for the year 2007.
The positives might be there for the sharemarket but caution must be taken into account, dilligently, as the slide of the US economy is solidying by the day. The fact that the Aussie market being highly correlated to the US doesn't sounds too good. The Portal takes the view of "Looking North" in order for the local economy to park into stability which augurs well for the sharemarket. Afterall the local market underpeformed the MSCI (ex-Japan) index by 10% this year
Australia in the coming year would see a fragmented economic growth as Victoria and NSW are expected to go sideways economically while Queensland and WA would hold the parties.
Back on the Portal's portfolio, the Portfolio 1.5 - EW* closed the year with a rather impressive return of 39.87%, down by 0.29% from yesterday's record of 40.16%. Total value of the portfolio closed at $58,908 and after-cost profits stood at $15,861.
YML was the most active stock with an intraday movement of 12.20%.
The winner stocks are in yellow.
Cheers for the "fundamental technicality" factor for bringing us the good returns in Portfolio 1.5 - EW.
As the year is coming to a close, there are several tasks that the Portal would like to accomplish, and the foremost being fine tuning the current investment strategy employed for the Portfolio 1.5 - EW by way of more in-depth reseach and hopefully, conduct empircal tests to determine the factors in a more concrete settings.
Meanwhile the Portal is in the process of identifying stocks since mid-November, for a 2007 showcase and observation. So far the incomplete set of stocks have turned positive. Remember, the "fundamental technicality" factor is used as a predictive content element.
Also in the pipeline is a mini economic research project that the Portal hope to get start rolling; The Economic Potential Righs Valuation/Quantification Project.
Till then, Benkaiser.NET Investment Portal signs off the last market and portfolio update for 2006.
Wish you all a very Happy New Year!
*Disclosure
NOT SPECIFIC INVESTMENT ADVICE
This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person.
The blogger makes no recommendations as to the merits of any investment opportunity referred to in its website. It is advisable to obtain specific investment advice before making anyinvestment decisions relying on the information provided. While the information available in this publication is obtained from sources believed to be reliable, the blogger gives no assurances or guarantees that the information is accurate, complete or current.
The information is provided for informational purposes only and not intended to constitute legal, financial or professional advice. It has no regard to the investment objectives or circumstances (financial or otherwise) of particular recipients, and is not an exhaustive outline of available investment opportunities.
Appropriate professional advice should be obtained prior to acting on any information contained in this publication. The blogger will not be liable for any loss or damage incurred by any person directly or indirectly as a result of reliance on the information contained in this publication.
PAST RESULTS
Any past results shown or mentioned in any of our reports or web pages do not guarantee future performance.
ACCURACY OF DATA
Whilst all information on this site is believed to be accurate, we take no responsibility and give no assurances that it is accurate. We advise that you to double check any
data before acting upon this information.
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