Update: Portfolio Up, Market Down
December 2nd 2006 04:38
The market ended the week with surprise and dismays to many as the ASX S&P 200 benchmark index slided 54.2 points lower to 5427.9 points on the first day of December, 2006. This was despite a positive lead from Wall Street and relatively strong resource prices overnight. Banks of the big four lead the slide as profit taking took place after strong gains made in the sector previously.
While the market fell to negative territory, Portfolio 1.5 - EW* went the opposite and continued its upside run. It closed 1.82% higher to a return of 37.42%, just 2.8% from the 40% mark. Total value of the portfolio stands at $57,876 and after cost profits rose $766 to $14,829.
Good performance for the portfolio, indeed, now the question is; can the upside momentum be sustained and perhaps even break the 50% level? If it does by the end of the year, it would be a great gift for starting a new year.
Till then, have a wonderful weekend. Cheers.
*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.
While the market fell to negative territory, Portfolio 1.5 - EW* went the opposite and continued its upside run. It closed 1.82% higher to a return of 37.42%, just 2.8% from the 40% mark. Total value of the portfolio stands at $57,876 and after cost profits rose $766 to $14,829.
Winner stocks are highlighted in yellow
Good performance for the portfolio, indeed, now the question is; can the upside momentum be sustained and perhaps even break the 50% level? If it does by the end of the year, it would be a great gift for starting a new year.
Till then, have a wonderful weekend. Cheers.
*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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Comment by aw
Comment by Benkaiser
Thank you for visiting my site. With regards to your query, you won't be able to find the exact details of the portfolio formation factors as I am still testing out this strategy. But I have included certain general references as to how I pick the stocks, which includes specific set corporate movement information, certain attributes and firm characteristics.
For your information, I am about to start drafting a new set of portfolio from the month of december and have it observed forward 3 to 6 months, to test whether this strategy can be replicated successfully. So do come back and check out the stocks I am picking for the coming month. But be warned, this is not specific investment advice and make sure you consult a licenced expert before you dive into it.
Hope to see you again, mate.
Cheers