Author: Leon

Q2 was another great result, even ahead of the strong rally on the index. My portfolio returned 20.46% in the quarter, against an index return of 13.76%. This means that Financial Year to Date my returns are 45.18% against the benchmark return of 13.65%. I added 4 new stocks this quarter, and made small reductions…

It’s amazing how much more clear-headed you get when you take a month off looking at public markets multiple times a day. I might have to make this a yearly ritual. Looking at my portfolio things are close to where I left them at the end of August. Reece and Kogan were the main performers,…

Around 2 years ago I realised that my thinking was getting clouded; so I decided to take a month-long break from investing – no public markets, no HotCopper, no AFR. I read back on that original post just now and this paragraph is eerily similar to how I’m currently feeling: “One thing that’s clouded my…

Domino’s put out their FY20 results and it’s not a surprise to me that the shares reached an all-time high. Key callouts: Success during COVID-19: Hardly a surprise, Domino’s has made a few tweaks to ensure success during this period (like contactless delivery) and scaled up their delivery team to meet demand. Huge growth in…

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…

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…

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,…

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…

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…

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…