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End of financial year share update 2008 |
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Sunday, 06 July 2008 |
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Well here we go. It's been a very up and down year. At one point I was actually up 39% on my initial investment. I finished the financial year up 16% on where I was twelve months ago. I have to be pretty happy with that given that it's twice as much as what I would have received if I had left the same amount of money sitting in the bank. I have to be even happier given that in the same time the Australian Stock market has declined by almost 17% and has seen it's worse single year decline since 1982! To make a 16% return out of a market that made an overall loss of 17% is OK I think. The worse part is that I have lost "heaps" over the past month. Six out the past eight weeks have seen losses for me totaling almost $3000. To date I haven't mentioned figures, but I don't see any reason why I should continue to keep them secret. None of the figures I will quote are exact, but they are near enough! I started with $25000 and so far I have turned that into $31000. If I had left it in the bank it would be worth about $27000, so that's an extra $4000 in my pocket (so to speak). I'm not taking any of the money out, I'm re investing it back into the market so at the moment I have about $30000 in shares and about $1000 in cash. I also hold quite a few Telstra shares that I received years ago, but I'm not including them as they are a long term investment as opposed to the short term trading I'm talking about here. Below is my updated graph showing my portfolio's performance since I started in April 2007. It also shows the equivalent cash rate and the Australian All Ordinaries. I have also added a little graph to the top left hand side of the front page. This graph will update automagically every Friday evening with the current value of my portfolio (cash and shares), so come back every now and then to check on my progress.
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