I haven't visited the old Share Investor Portfolio for a while to see how it is shaping up over all this global turmoil in our stockmarkets but I suspect it has taken more than a battering.It might be good to share this with my readers so they can compare how well or indeed how badly they have done.
The biggest part of the portfolio, Sky City Entertainment [SKC.NZ] has dropped to NZ$2.91 as of today, Mainfreight Ltd [MFT.NZ] hovers just above 5 dollars , Fletcher Building Ltd [FBU.NZ] is below 5 bucks. Pumpkin Patch Ltd [PPL.NZ] is well below its IPO price of $1.25 and everything else bar Fisher and Paykel Healthcare [FPH.NZ] has had a good thrashing.
Including dividends, brokerage costs and tax credits the portfolio is down 0.75% .
So far it has withstood the riggers of the market rort but more bad news could come yet.
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Looking back @ the Share Investor Portfolio
Share Investor Portfolio - October 29 2007
Share Investor Portfolio - December 9 2007
I'm buying
I'm buying: Redux
Why did you buy that stock? [Sky City Entertainment]
Why did you buy that stock? [Pumpkin Patch Ltd]
Why did you buy that stock? [Mainfreight]
c Share Investor 2008
How about on a straight capital invested basis excluding tax credits and divdends etc etc etc
ReplyDeleteHow well have you done then?
Not good at all, down about 40% I would guess.
ReplyDeleteIt isn't realistic to look at it that way though.
You have to take into account the income that you receive, the tax that is ameliorated and the cost of the brokerage to get your real return.