How did your portfolio do last financial year?

[ROE]

Is that because your capital base prevents you from accumulating without moving the price? Or is it a function of large dollar amounts preventing you from taking the same % sized positions in somewhat riskier positions?

Allocate large amount of capital to a stock or trade position, it's a psychological thing
I can risk 20K-30K in a position and lose it and it doesn't bother me....it just like a cup of coffee
because with this amount I can make it back within a few months....

but at 100K or 75K it starts to bother me, not that I have loss any money yet but there is always that thought
I did pretty well up to now so capital preservation becomes a bit of an issue...

for example I dont want hard work earns 100K in gain this year, then lose it next year,
I want that 100K to keep growing. I haven't been reckless still applied the
same disincline but its a psychology thing

but hopefully this year I will break this psychology barrier....

Stock move and I have large capital gain, I happy to hold not an issue the issue is
allocate large capital I have at hand from trading gain or dividend or saving ...

I have 200K in CCP from capital gain and I dont have an issue and still holding every single share

and yes I tend to play with a higher risk stocks, with CBA or WOW 100K is really nothing but I like stock
that has a bit of issue, a bit of an ugly ducking, or small cap that can go either way or big boys slam dunk it.

 

[VSntchr]

Our portfolio is extremely liquid with short term holds reflecting the instability of the market and risk of exposure to long term holds. The result for the past financial year has been a net growth overall of 23% (after tax and living expenses).

After tax and living expenses you made 23%! That deserves a CONGRATULATIONS!

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Allocate large amount of capital to a stock or trade position, it's a psychological thing
I can risk 20K-30K in a position and lose it and it doesn't bother me....it just like a cup of coffee
because with this amount I can make it back within a few months....

but at 100K or 75K it starts to bother me, not that I have loss any money yet but there is always that thought
I did pretty well up to now so capital preservation becomes a bit of an issue...

Thanks for providing your thoughts on the matter. I hope its an issue that becomes more relevant for me in the coming years

I have 200K in CCP from capital gain and I dont have an issue and still holding every single share

and yes I tend to play with a higher risk stocks, with CBA or WOW 100K is really nothing but I like stock
that has a bit of issue, a bit of an ugly ducking, or small cap that can go either way or big boys slam dunk it.

I share your philosophy on the small caps - this is largely my area of choice. And yes for CCP too...its my second biggest holding...I got it cheap (hint: it was probably close to a 10 bagger for you at my entry price)...

 

[Purple XS2]

Tax: I'm carrying a lot of accumulated losses from the GFC period, so allowing for that to be offset, capital gains tax this financial will be just a few %.
Living expenses: day job.

So net portfolio gain for 2012/13, haven't done the final reckoning, and the input to the investment pool grew during the 12 months, but in round figures, probably 100%.

Virtually all of that in the last six months, and 95% portfolio is biotech.
And mostly a single stock: AHZ (with some help from a couple of others).

Scoreboard? ASF stock tipping competition tells the story

 

[Julia]

Yep. Which is a point I never thought I'd be at so young. I haven't "worked" for a couple of years now, but I've been working on a few little projects on the side.

Ah, so truly life changing indeed. Good for you. I did it via property before shares, and went without much to get to early retirement, but oh how it was worth it to escape the corporate world.

Congratulations to all others who have done so well this FY also.

 

[blue0810]

Sector performance

17.29 XJO
27.11 XDJ
25.07 XSJ
5.08 XEJ
-10.24 XMJ
31.11 XXJ
10.6 XNJ
41.21 XHJ
9 XUJ
37.33 XIJ
30.32 XTJ
17.41 XPJ
-8.33 XSO

 

[AlterEgo]

+36.7%, mostly mean reversion system trading. I'm reasonably happy with that, but hopefully I can better that this financial year.

 

[craft]

+66% on investment capital outside SMSF.

+45% for SMSF – I have put some more details about the SMSF return on this thread.


https://www.aussiestockforums.com/forums/showthread.php?t=25070&p=781653#post781653

 

[sydboy007]

Only set up my SMSF last December.

My goal was stable income rather than a lot of capital growth, but it hasn't quite worked out that way.

Had:

12.25% capital growth
2.77% Gross income
Total: 15% over 7 months

Pretty happy with the performance considering around 1/3 has been in an ILB, with shares accounting for around 50% and hybrids 20% till June when I did a sell off of some shares and moved more into hybrds which seemed to have allowed me to sell out of the shares at near their peaks.

Some shares look a good buying opportunity at the moment, but I think I'm going to sit things out for awhile and just bank the income till I get a better feel on how QE tapering is going to go and what happens in Europe when Italy or Spain implodes.

 

[sinner]

Net for the FY is 11%.

Annualised standard deviation of monthly returns is 5.64%.

Most of the returns thanks to the Bank of Japan, as well as the strong performance from US indices.

 

[qldfrog]

amazing returns all around:
A different story here, I will get back to you in a week or so when I can do the details:
3 accounts/strategies
* one a great looser luckily with the smaller capital involved but still
* one decent grandfather which still got a few bad hits with gold and the banks timing (went in too early in 2012)
* one TA strategy which sadly missed the uptrend as it was started end 2012 but stopped losses reasonably well and should turn break even or so

so for me a wasted year but for what i hope is experience and teaching.
would have preferred that learning experience not to happen in that time as i might not have such a nice general uptrend again to play with...
live and learn
will get back in details when I can compile these.
Would be keen to also know of other not so great experience: with the massacre on the resources, I would believe I will not be the only one to expect an ATO refund on my trading this year!!!!

 

[Zedd]

108% before tax. 10yr average up to 18%. Record vs XAO now 8/15.

 

[odds-on]

amazing returns all around:
A different story here, I will get back to you in a week or so when I can do the details:
3 accounts/strategies
* one a great looser luckily with the smaller capital involved but still
* one decent grandfather which still got a few bad hits with gold and the banks timing (went in too early in 2012)
* one TA strategy which sadly missed the uptrend as it was started end 2012 but stopped losses reasonably well and should turn break even or so

so for me a wasted year but for what i hope is experience and teaching.
would have preferred that learning experience not to happen in that time as i might not have such a nice general uptrend again to play with...
live and learn
will get back in details when I can compile these.
Would be keen to also know of other not so great experience: with the massacre on the resources, I would believe I will not be the only one to expect an ATO refund on my trading this year!!!!

You are not alone, my return is a double digit %, unfortunately it has minus sign in front of it!

My concentrated portfolio policy of 2 or 3 stocks means it is volatile and the returns could be different in 6 months’ time (but who knows, such is life). A few learning points for me from this year:

1. Time horizon - my contrarian views really need a longer time horizon (2-3 years) and I just do not have the required patience.
2. I really enjoy the study of gambling/investing/trading but must accept I am just not good at it in practice, this always make me think of the Yogi Berra quote "In theory there is no difference between theory and practice. In practice there is."
3. I am comfortable with a concentrated portfolio due to it being a small % of my net worth.

In summary, I just have to seriously think about where my edge is to achieve the excess returns. No point beating around the bush about it, if I have no edge (business analysis, psychological, money management, technical analysis…) then there is no point playing the game.

Keeping an open mind and taking my personal circumstances into account, after some further reading, a strategy I am considering this year…

1. Short-term concentrated portfolio aimed at buying the “favourites” after a dip and aim for small % gains. Recycle the capital.

Any other suggestions?

Uncle Warren and Uncle Jack keep whispering into my ear – average into an index tracker and forget about it!

 

[Klogg]

Net gain 42%. However, mine includes 14months as I started 2 months before the start of last FY... and I haven't bothered to separate it out.

Overall, quite happy with my first year, but I made a few HUGE mistakes...

 

[Trembling Hand]

1. Time horizon - my contrarian views really need a longer time horizon (2-3 years) and I just do not have the required patience.

These are two very conflicting traits to be trying to smash together.

Keeping an open mind and taking my personal circumstances into account, after some further reading, a strategy I am considering this year…

1. Short-term concentrated portfolio aimed at buying the “favourites” after a dip and aim for small % gains. Recycle the capital.

Any other suggestions?

You are just doing the normal, ie what most who lose do, thing. Jumping from one unproven method without practise to another.

If you are heading down the trading path unless its back tested and forward tested you are wasting your time.

 

[odds-on]

These are two very conflicting traits to be trying to smash together.



You are just doing the normal, ie what most who lose do, thing. Jumping from one unproven method without practise to another.

If you are heading down the trading path unless its back tested and forward tested you are wasting your time.

TH,

Thanks for the advice, it is appreciated. I will scrap the trading idea. Time for a break from the very interesting but frustrating investing game.

Cheers

 

[Trembling Hand]

TH,

Thanks for the advice, it is appreciated. I will scrap the trading idea. Time for a break from the very interesting but frustrating investing game.

Cheers

If you have the trading bug you may want to have a look at the chartist and trade along side him. At least you will be doing two good things - following a proven method and watch a profitable trader.

 

[cbc]

Up about 260%

Would av been a lot more if I didn't hit a few issues out of my control.

See what happens this year.

 

[Knobby22]

I was up 28% at one stage but ended up about 10% up. No gearing.

 

[Porper]

TH,

Thanks for the advice, it is appreciated. I will scrap the trading idea. Time for a break from the very interesting but frustrating investing game.

Cheers

If you have been trading ASX stocks only I wouldn't be too hard on yourself.

Don't forget that all the claims of 100% or 260.0% gains on here are just people behind a computer who don't have to prove their disclosures. They can say any random figure that comes into their head.

The odd person I personally know to be profitable on here don't shout about it. They know who they are and if you read enough posts you'll know who to take notice of.

 

[McLovin]

Net gain 42%. However, mine includes 14months as I started 2 months before the start of last FY... and I haven't bothered to separate it out.

Overall, quite happy with my first year, but I made a few HUGE mistakes...

That's a great first year, Klogg.