Update: A step forward and then backwards
December 7th 2006 11:48
The miners were both the angels and devils for the past two trading days. Mining heavyweights such as BHP Billiton and Rio Tinto lead the market on Wednesday, buoyed by positive metal prices, as displayed by a 40.2 points surge on the ASX S&P 200 benchmark index. The Wednesday darlings however were shortlived as the miners dragged the index down to a closing of 1.5 points lower to 5465.2 points, as overnight metal prices plummented, however the southward heading market was halted by a relatively strong banking sector in an otherwise flat trading day, in anticipation of Christmas.
The hope of Benkaiser.NET Investment Portal's own Portfolio 1.5 - EW* reaching the 40% return mark was dashed as it experienced two days of negative closings with a total lost of $752 of after cost profits. Tuesday saw the portfolio peaked at a close of 39.8% while Thursday's closed the portfolio returns at 37.87%, 1.33% lower than Wednesday's 39.2%.Total portfolio value of the portfolio stands at $58,065 and profits, after first round of transaction costs, closed at $15,081.
*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.
The hope of Benkaiser.NET Investment Portal's own Portfolio 1.5 - EW* reaching the 40% return mark was dashed as it experienced two days of negative closings with a total lost of $752 of after cost profits. Tuesday saw the portfolio peaked at a close of 39.8% while Thursday's closed the portfolio returns at 37.87%, 1.33% lower than Wednesday's 39.2%.Total portfolio value of the portfolio stands at $58,065 and profits, after first round of transaction costs, closed at $15,081.
Winner stocks are highlighted in yellow
*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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Comment by aw
Just to be sure - why did you not intend to rebalance the portfolio? Busy, or not the scope of the experiment?
Comment by Benkaiser
Yes its not part of the observation as the success of the portfolio is dependent on the predictive content ability of the "fundamental technicality" factor mentioned in earlier posts. Essentially, we are testing this sole factor.
But currently I am in the process of picking stocks to start a new portfolio for observation in 2007. Portfolio rebalancing could come later if I find time to do the analysis. If the Portfolio 1.5 - EW is indeed viable then it is a lazy investing strategy as obvious indicators such as B/M, P/E or even for the fact, what type of industry each stock belongs are not known. LoL
Comment by aw
Comment by Benkaiser