Portfolio 701: First Positive
January 13th 2007 06:27
What is the point of participating in the sharemarket? To make money of course! And it feels nothing better when the money you invested in the shares are generating returns, be it speculative or genuine investments.
Making money is making money regardless of the methods or strategies you use. But of course, the question is do you want a series of repeated patterns of returns or just one big jackpot? Ultimately it comes to the choice and investment objective of the individual.
At Benkaiser.NET Investment Portal, pragmatism rules, and any kind of strategies that work then why not? The smell of money is not fishy, that is certain.
On Friday, 12th January, 2007, the Portal's second portfolio, Portfolio 701*, made its first positive return of 0.36% after four days of negative performance since its inception for observation on Monday. Certainly a positive sign for the portfolio despite the profits are still in negative waters after being shaved off by transaction costs.
The time is forward three months or longer, if necessary, for the portfolio to perform at least as well as the previous Portfolio 1.5-EW* which generated a record top returns of 40.58% in just five months.
Portfolio 701* closed the week with a value of $52,340 and after-costs profit at -$860.
On Portfolio 1.5-EW*, it climbed 3.11% to a closing of 37.28%, valued at $57,819 and profits after costs at $14,772.
The local market had a better performance yesterday as the ASX S&P 200 benchmark index added 44.5 points to a closing of 5609.4 points aided by the recovery of the resources stocks, particularly the miners.
*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.
Making money is making money regardless of the methods or strategies you use. But of course, the question is do you want a series of repeated patterns of returns or just one big jackpot? Ultimately it comes to the choice and investment objective of the individual.
At Benkaiser.NET Investment Portal, pragmatism rules, and any kind of strategies that work then why not? The smell of money is not fishy, that is certain.
On Friday, 12th January, 2007, the Portal's second portfolio, Portfolio 701*, made its first positive return of 0.36% after four days of negative performance since its inception for observation on Monday. Certainly a positive sign for the portfolio despite the profits are still in negative waters after being shaved off by transaction costs.
The time is forward three months or longer, if necessary, for the portfolio to perform at least as well as the previous Portfolio 1.5-EW* which generated a record top returns of 40.58% in just five months.
Portfolio 701* closed the week with a value of $52,340 and after-costs profit at -$860.
On Portfolio 1.5-EW*, it climbed 3.11% to a closing of 37.28%, valued at $57,819 and profits after costs at $14,772.
The local market had a better performance yesterday as the ASX S&P 200 benchmark index added 44.5 points to a closing of 5609.4 points aided by the recovery of the resources stocks, particularly the miners.
*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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