Thursday, 8 May 2008

My Portfolio: Year 2, 6 month return

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 in January when the market hit its lows.

I am comfortable with both the companies I own and as always will look to add more positions as the opportunities arise. I'm in no hurry to be fully invested as I believe the market is in for a bit of turmoil yet and I expect above average returns to be difficult to attain over the coming 6 months.