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I had to reprint this article by Yves Smith at Naked Capitalism because it lays out so clearly why the PPIP is little more than attempt to prevent banks from realizing losses by using the public purse to overpay for so-called toxic assets. As Yves points out, it is not that there is [...] Well, what a difference a year makes. Last year I reported a 45% return and this year gave almost half of that back with a -21.3% return after brokerage and dividends. That compares to a decline in the XAO of -39% over the same period. The graph shows my relative poerformance compared to that [...] Unless you’ve been living under a rock you would know that good returns in the stockmarket have beeen scarce this year and my portfolio has been no exception. Over the last 9 months, my portfolio is down -3.8% and that result was helped along by a well timed trade back in January. [...] As expected, returns continue to be tough to grind out in 2008. The All Ordinaries index is down -11.7% over the past 6 months. Over the same period my portfolio is up 2.7% over the same period after brokerage and dividends. The out-performance was mainly due to the well timed trade in ANH back [...] Reverse Corp (REF) as it’s name suggests, provides reverse call charge services. Basically if you are ‘out and about’ and need to make a call to a fixed line phone and you either have no money, or your pre-paid mobile is out of money, you can call Reverse Corp’s service and get connected free [...] That was tough 3 months. Returns have been much harder to come by in the last 3 months as the All Ordinaries index has fallen almost -13%. As can be seen below the 2 companies I own shares in are down in line with the broader market. The reason my Portfolio has managed a [...] As mentioned on Friday, ANH’s 2Q08 cashflow report was a little on the disappointing side. The company failed to build on the momentum of the first quarter when they posted their first pre-tax profit. Last year ANH acquired a company called Webfirm and at that time noted that Webfirm was expected to contribute $1m [...] So it’s been exactly 1 year today since I began investing in the Australian stock market after a long absence from the investment market scene. No miraculous returns were made but all things considered I’m reasonably happy with the 45.3% return after brokerage costs and dividends. As can be seen above, the portfolio consists [...] Three months ago I said that I would post my portfolio gains every quarter so here we are after 9 months. My Portfolio of a massive 2 stocks is up 26.3% over the last 9 months compared to the All Ordinaries which is up 12.9% over the same period. PWK has forged ahead on [...] It hasn’t been the best of months for my portfolio falling 16% from a month ago and sending the total return over six months into negative territory whilst the All Ordinaries rose another 4% over the same period. PBP’s share price continues to suffer as uncertainty remains with respect to the legal claims being [...] |
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