Income Portfolio

[nomore4s]

Etrade been having some problems this week. I use Mac Prime and it's platform cr@ps all over Etrade & Commsec imo.

 

[Sean K]

I was going to get very very angry, but it was late and I had one too many rums, so I left it. I was going to buy more if it broke up anyway, so I'll just sit on it. I'm going to write to explain the problem though so they might do something about it. Pretty ordinary.

 

[nomore4s]

Looking like a good stuff up at the moment - are you going to trade one of the parcels and maybe sit on the other one for a bit longer?

 

[Sean K]

I've got no idea really. This sits between a long term buy and a trade. Not sure which one it is. Will wait and see how it unfolds and what the market does in general. If 6.50 forms up as support I might add more.

 

[nomore4s]

Current open positions for the Income Portfolio.

Still have $14,107.10 for investment.

Going along nicely but will look at closing some positions in the next few months as companies report profits & d/e payouts.

*Please note - All prices are average entry price including entry fees. Current value & profit/loss does not include the d/e payments.

 

[nomore4s]

Current open positions for my Income Portfolio.

Still have yet to sell any stocks out of this portfolio but will be looking to exit WBA very shortly.

Due to the strength in the market and the performance of this portfolio to date I have had to re-adjust my goals and have split it into 2 sections - Income & Growth.

Income will be the original idea and Growth stocks will be more actively traded but with a long term trend following bias. I will update the blog when I have finalised the 2 portfolios.

 

[Sean K]

Some awesome gains there Nomore4s! Nice work.

 

[MRC & Co]

Go CCP!

 

[Iron Man]

Well done

 

[nomore4s]

Thanks guys, but it has more to do with the market then any great skill on my part.

A quick update on a few stocks.

NAB has SPP @ $21.50 and I will be putting in for the full amount @ $15,000 and hoping it doesn't get scaled back too much.

FLX has a takeover offer on the table @ $16.95 + $1.00 d/e. ATM the plan is to hold on for a bit to see if any better offers come but I doubt any will so I will look to exit that position shortly around the $17.95 area.

 

[nomore4s]

Sold OMH @ ave $1.661 the other day.

I have also been stopped out of all the trades except SSM in my trading portfolio so I will update all those results when I get time.

 

[nomore4s]

Current open positions for the income portfolio as well as the 1 closed trade & dividends received.

Sorry I forgot to add I received 202 NAB shares in the SPP @ $21.50 that are included in the results.

 

[Sean K]

NWH has been a champion.

 

[nomore4s]

Yeah it has and it's still going

 

[nomore4s]

Have closed some trades out before I went away to Canberra.

All closed on 04.09.09

WBA @ Ave of $0.535909

NAB x 152 @ $27.38

Also NHC declared a 4.5c d/e and a special 72.75c d/e today - bonus

 

[nomore4s]

FLX closed out on the close today @ $16.75

 

[nomore4s]

Income portfolio as of 10/10/09

 

[nomore4s]

Exited some stocks today.

REF @ $0.5748892
IVC @ $5.69

NWH x 2000 @ $1.755
CCP x 1000 @ $2.38
Both these stocks are now pretty much free held.

 

[MRC & Co]

Beautiful.

 

[nomore4s]

Quick update with this portfolio.

Due to the large open profits in this portfolio and what looks to be at least a medium term top I have decided to liquidate this portfolio.

I am using basic T/A to decide when & where to exit these stocks - a case by case basis will now be used to exit as the market tells me too.

Stocks exited today are

CBA @ $51.6641
NAB @ $29.06
SUN @ $8.60
MMS (x1000 only) @ $3.92619

Will post more info on my decision later when I have more time