Update: Bitter Sweet
November 30th 2006 10:11
Movements in the market today was rather volatile but it ended up positive with the ASX S&P 200 benchmark index adding 0.5% to a close of 5482.1 points. The volatile display was generated by two constracting factors arising from overseas and local leads. Analysts believed the positive ending today was a correction but indicators are pointing to a downside for the market as compared to views two days ago, which believed the market was going to be on a sideway trend but a happier ending is possible for the end of the year.
The overseas lead from the US market was based on raising the third quater economic growth while the local front produced a rather negative outlook for the market as consumer spending is believed to be going south in the coming periods.
Meanwhile the Portfolio 1.5 - EW* had a good closing by beating the benchmark index by nearly half a percent, as returns closed 0.99% higher to 35.6%. Profits, after transaction costs, closed $425 higher to $14,063.
For those of you who keep track the Portfolio 1.5 - EW, what do you think? Do you think it is a viable investment strategy?
*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 overseas lead from the US market was based on raising the third quater economic growth while the local front produced a rather negative outlook for the market as consumer spending is believed to be going south in the coming periods.
Meanwhile the Portfolio 1.5 - EW* had a good closing by beating the benchmark index by nearly half a percent, as returns closed 0.99% higher to 35.6%. Profits, after transaction costs, closed $425 higher to $14,063.
Winner stocks are highlighted in yellow
For those of you who keep track the Portfolio 1.5 - EW, what do you think? Do you think it is a viable investment strategy?
*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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