Portfolio 701: Record Close
January 28th 2007 06:00
The shortened trading week for Australia Day was a boon to the Portal's Portfolio 701* and Portfolio 1.5-EW* both of which created record returns on Thursday.
On 22nd, January, 2007, Portfolio 701* was seen nearing the thousand dollar profit level, shy of just $330 and by Thursday's closing, it made an after-costs profit of $1,030. The number of gainers rose to seventeen, two neutrals and just fourteen stocks in the reds. Closing value of the portfolio stands at $54,230. A return of 3.99% in less than a month.
Thursday's market marked another record as the widely observed ASX S&P 200 benchmark index added 1.1 points to a closing of 5769.9 on the back of some positives from the metal market injecting a boost to the resource sector. Copper futures are indicating a tight spot market supply creating a prospective price rise.
Steam has not run out yet for the Portfolio 1.5-EW* as it went into another record and this time with a return of 43.92% and after-costs profit at $17,566 and valuation at $60,613. LIM remained the top gainer with a profit of $8,070.
Collectively, both the portfolios are contributing a total after brokerage costs profit of $18,596 to date or a return of 19.32%.
*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.
On 22nd, January, 2007, Portfolio 701* was seen nearing the thousand dollar profit level, shy of just $330 and by Thursday's closing, it made an after-costs profit of $1,030. The number of gainers rose to seventeen, two neutrals and just fourteen stocks in the reds. Closing value of the portfolio stands at $54,230. A return of 3.99% in less than a month.
Thursday's market marked another record as the widely observed ASX S&P 200 benchmark index added 1.1 points to a closing of 5769.9 on the back of some positives from the metal market injecting a boost to the resource sector. Copper futures are indicating a tight spot market supply creating a prospective price rise.
Steam has not run out yet for the Portfolio 1.5-EW* as it went into another record and this time with a return of 43.92% and after-costs profit at $17,566 and valuation at $60,613. LIM remained the top gainer with a profit of $8,070.
Collectively, both the portfolios are contributing a total after brokerage costs profit of $18,596 to date or a return of 19.32%.
*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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