I’m fortunate to be sitting on some significant capital gains in spite of COVID, and all signs are pointing to a prolonged recession when stimulus runs out and with multiple waves of the virus spreading. Given the capital gains tax is 10%/15% within super (depending on whether you’ve held for 12 months or not), I’ve … More Do I take profits or hold?

I’ve decided to combine the past 2 quarters into a single post, since I’ve been lazy with my writing and because I’ve done a lot of stupid things even though I’ve recovered pretty well. Like pretty much every investor, the record at 31 March was way down! I finished at -26.22% for the quarter, against … More Q3 & Q4 FY20: Coronageddon!

In spite of a weak finish to HY markets, I managed to beat the index (I used ASX:VAS to benchmark my performance) again, with a return of 9.19% vs the index return of 0.51%. This brings my cumulative YTD returns to 22.66% against a benchmark of 3.25%. DDR fell significantly after a major run up, … More Q2, FY20 returns

I had a great start to FY20 hitting 12.45% returns against the benchmark of 2.72%. This was primarily realised by KGN, DDR and DMP, which combined, make up nearly 40% of my portfolio. Just goes to show the benefits of concentration. DDR is hard to value right now as the share price as run hard … More Q1, FY20 returns

So far this financial year DDR has continued the golden run, surging into the $7 bracket. I sold 60% of my holdings on the way up, at $6.08 and $7.21, to rebalance DDR back inline with my key portfolio holdings. I’m a long-term believer in DDR but it was getting heavy, and I’m not sure … More Rebalancing

I haven’t had time to document this but recently reviewed the close to FY19 and managed to outperform the benchmark again by 16.36% vs 14.1% for the VAS ASX300. This outperformance will be almost entirely erased by the capital gains bill that I will incur for the financial year just gone, so you could call … More FY 19 performance

If you look at my performance page for the first 3 quarters you’ll see I’m slightly behind the benchmark, but barring major problems with my core portfolio, my Q4 performance is going to ensure I smash the full-year benchmark once again (not as handily as last year, but beating the index is good enough for … More DDR and FMG are crushing it

After a short blackout period where I took a total break from looking at public markets, and a pretty long break from writing posts, here’s an update. I’ve turned over a chunk of my portfolio, added a couple of new ideas, and shut down some others.  The biggest call was getting out of Kogan after … More First post in 9 months

Although Kogan showed another outstanding result this year, growing revenue 40% and EBITDA 90%, the market does not support the current valuation and has punished the share price soundly.  The day the results were announced, I sold my entire holding for a 230% gain on my average buy.  A great result, but it’s hard to … More Kogan selloff and blackout period begins

My 4th quarter showed a return of -5.52% vs a benchmark return of +8.27%.  This was primarily due to a large decline in Kogan after the directors sold 6m shares at $7, having earlier invited offers around the $10 mark.  Nonetheless, I am pleased with my overall results for the year, showing a total return … More FY18 results and taking a break