Swim or Sink
August 30th 2006 13:24
Sink or swim, survival of the fittest and I wish not to sink into the sea of ever limited time and never ending load of work and academic commitments. Just how I would like for my portfolio to perform, to swim to profits and not sink down to the reds. Like the market today, the portfolio performance was lacklustre with its closing value fell to 10.35% from 10.41%. But consolation came today with NLG, among the loser stocks, swam out of the red to breakeven, recovering the brokerage fee of $ 30. In terms of profits, TPI crawled back up by $90 to $400 while DOW took a $180 plunge from $590. AVO gained $10 and the bigger winner stock was MRE taking in $70 closing at $923, and to date its share price gained 37% since 1 August 2006. Imagine the cash was invested in MRE instead of throwing it into the bank, which only earns slightly above 5% of interests annually, but of course, the market is much much more riskier than a bank default risk.
Overall the market was rather flat with the ASX S&P 200 benchmark index fell 0.1%
The real action for the portfolio actually starts on 1st September 2006 as by then, I hope to have expand the portfolio with another but final set stocks picked from the August period and have it observed for two to three months. A portfolio performance analysis for the month of August would be tested out to determine whether it beat the market (benchmark index) in terms of risks (Sharpe Ratio) and abnormal returns (Jensen Alpha). It would take some time as I have to obtain additional data for every stocks in the portfolio from a public source.
Overall the market was rather flat with the ASX S&P 200 benchmark index fell 0.1%
Winners stocks are highlighted in yellow.
The real action for the portfolio actually starts on 1st September 2006 as by then, I hope to have expand the portfolio with another but final set stocks picked from the August period and have it observed for two to three months. A portfolio performance analysis for the month of August would be tested out to determine whether it beat the market (benchmark index) in terms of risks (Sharpe Ratio) and abnormal returns (Jensen Alpha). It would take some time as I have to obtain additional data for every stocks in the portfolio from a public source.
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