Portfolio 701: Surging Ahead
January 22nd 2007 14:53
Portfolio 701* is just shy of $330 away from its first $1,000 profit, in less than a month, as it surged by 0.64% to finished Monday off with a record high return of 3.49%.
There were fourteen gainers and two neutrals after discounting brokerage costs. Top peforming stock was IMA.
The portfolio value on Monday finalised at $53,970 and after-costs profit at $770.
The ASX S&P 200 benchmark index performed brilliantly with a 1% gain or 53.5 points to 5,726.6 points on the back of a rally in metal prices and the US cold-snap fueled oil prices. The positive sentiments are expected to continue as expectations on Wednesday's release of local CPI figures influencing the Reserve's decision on raising interest rates remain mild
A new record was created again by Portfolio 1.5-EW* with a 1% gain to a closing of 41.1% with valuation at $59,425 and after-costs profit at $16,378.
More than half of the portfolio stocks were gainers with LIM being the best performer.
On paper, the two portfolios are generating a total profit of $17,148 to date or a return of 16.87% collectively while the widely observed ASX S&P 200 benchmark index generated a return of 10.9% to date since August, 2006, when Portfolio 1.5-EW* was launched.
Casual observation indicates 701 and 1.5-EW are beating the market.
*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.
There were fourteen gainers and two neutrals after discounting brokerage costs. Top peforming stock was IMA.
The portfolio value on Monday finalised at $53,970 and after-costs profit at $770.
The ASX S&P 200 benchmark index performed brilliantly with a 1% gain or 53.5 points to 5,726.6 points on the back of a rally in metal prices and the US cold-snap fueled oil prices. The positive sentiments are expected to continue as expectations on Wednesday's release of local CPI figures influencing the Reserve's decision on raising interest rates remain mild
A new record was created again by Portfolio 1.5-EW* with a 1% gain to a closing of 41.1% with valuation at $59,425 and after-costs profit at $16,378.
More than half of the portfolio stocks were gainers with LIM being the best performer.
On paper, the two portfolios are generating a total profit of $17,148 to date or a return of 16.87% collectively while the widely observed ASX S&P 200 benchmark index generated a return of 10.9% to date since August, 2006, when Portfolio 1.5-EW* was launched.
Casual observation indicates 701 and 1.5-EW are beating the market.
*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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