Portfolio 701: Steady up
January 12th 2007 00:34
As the market was lifted by a pause in the fall of commodity prices, so were the Portal's portfolios. The ASX S&P 200 benchmark index rose 55 points to a Thursday's closing 5564.9 points as the resource shares provided some posivitism for the market.
It is believed that a commodity rally would resumed after six months of roller coaster ride for the resource sector.
Meanwhile, Portfolio 701* had another day of its steady climb upwards. The portfolio on Thursday closed at -0.5% or 0.18% higher from Wednesday's -0.68%. It rose to a total of 0.9% since the first observation from 8th January, 2006.
A total of five stocks were in positive territories after deducting transaction costs and interestingly only two shares; MEO and IMA were from energy and material sectors respectively, despite the boost provided from the resource sector to the market.
Thursday's value of the portfolio closed at $51,890 while after-costs profit was -$1,310.
Crossing over to Portfolio 1.5 - EW*, it too joined the market and Portfolio 701, by closing 0.73% to 34.17%. After-costs profit closed at $13,462 as the value wrapped up to $56,509.
Fourth day into observation of Portfolio 701 is certainly too early to tell whether the replication of "fundamental technicality" factor investment strategy is workable but so far the indicators are doing fine.
*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.
It is believed that a commodity rally would resumed after six months of roller coaster ride for the resource sector.
Meanwhile, Portfolio 701* had another day of its steady climb upwards. The portfolio on Thursday closed at -0.5% or 0.18% higher from Wednesday's -0.68%. It rose to a total of 0.9% since the first observation from 8th January, 2006.
A total of five stocks were in positive territories after deducting transaction costs and interestingly only two shares; MEO and IMA were from energy and material sectors respectively, despite the boost provided from the resource sector to the market.
Thursday's value of the portfolio closed at $51,890 while after-costs profit was -$1,310.
Crossing over to Portfolio 1.5 - EW*, it too joined the market and Portfolio 701, by closing 0.73% to 34.17%. After-costs profit closed at $13,462 as the value wrapped up to $56,509.
Fourth day into observation of Portfolio 701 is certainly too early to tell whether the replication of "fundamental technicality" factor investment strategy is workable but so far the indicators are doing fine.
*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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