My AustSuper ASX300 'low cost averaging' trading adventure

[So_Cynical]

I added FKP to the super portfolio today at 15000 @ 0.375 ~ after the housing starts announcement the SP got as high as 0.40 before closing at 0.39 ~ nice to be in profit straight away...a rare event in these times.

So im now almost fully invested again, i have 1K in the transaction account in the hope that i can exit one of the (now) 5 open positions..it took a while but the plan is coming good.
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[So_Cynical]

I added FKP to the super portfolio today at 15000 @ 0.375 ~ after the housing starts announcement the SP got as high as 0.40 before closing at 0.39 ~ nice to be in profit straight away...a rare event in these times.

So im now almost fully invested again, i have 1K in the transaction account in the hope that i can exit one of the (now) 5 open positions..it took a while but the plan is coming good.
~

Now i have 5.5K in the transaction account thanks to the 20.55% profit i received today after my exit of 3900 shares in BPT @ 1.07 (wish i could do that every 3 weeks ) Also nice to see my Super balance starting with a 6 for the very first time.

Now im in 2 minds as to what's next?, do i wait for a pull-back down to 4050 or do i just jump straight in and hope the rally continues? Maybe a quality miner. :dunno: Maybe the Ishares small cap ETF as a mining proxy. :dunno: its nice to actually have these decisions to make, shows im making progress.

 

[Ves]

Hey - I'm currently looking at options of gaining more control over my "minimal" super account. It looks like they have improved the AustSuper service to allow for 80% of balance to be in ASX300 direct shares / term deposits of your choice and also live market ordering (as if you were using an online broker like Commsec). Is this correct?

 

[So_Cynical]

Hey - I'm currently looking at options of gaining more control over my "minimal" super account. It looks like they have improved the AustSuper service to allow for 80% of balance to be in ASX300 direct shares / term deposits of your choice and also live market ordering (as if you were using an online broker like Commsec). Is this correct?

Yes correct...just like comsec except much slower..takes maybe 20 or 30 seconds for your order to go thru, and then a few minutes later you can see the executed buy order on the transactions page.

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AustSuper need to take the next step now and expand the Superdirect option to include the all ordinary's and include the best (largest cap) 12 hybrids and the best 12 LICs....it is inevitable so why not just get on with it, oh and they also need to drop the brokerage fees..paying around $20 for a 5K trade seems a bit much considering the market pull that Aust biggest superfund would have.

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Also i have added SDM - Sedgman to the super portfolio @ 1.52, paid a bit much though darn impatience...low debt and some cash with a very strong pipeline of projects.

 

[Ves]

Cheers mate. I use Commsec with my personal shares, so I guess the brokerage doesn't phase me too much. I'm not trading short-term or medium-term. Brokerage in Australia with the majors is probably comparatively expensive though, can't disagree there.

I guess I need to get off my **** and fill some forms out and get my money rolled over. Is it as easy as applying on-line, getting some ID certified and filling out a rollover form & insurance application and they will do the rest?

 

[So_Cynical]

I guess I need to get off my **** and fill some forms out and get my money rolled over. Is it as easy as applying on-line, getting some ID certified and filling out a rollover form & insurance application and they will do the rest?

I use Commsec for my private trading/investing to.

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Assuming you don't have an AustSuper account, its going to take 2/3 to 5/6 weeks to get it all done, 2/3 if it all goes well and 5/6 if it doesn't...with me it didn't because i had 2 super accounts that i rolled into AustSuper and one of the cheques was somehow lost :dunno: yes i said cheques because they do actually use cheques.

From memory you setup the AustSuper account first with the usual requirements and then fund it by filling out the rollover form/s from your other accounts and posting it....snail mail and cheques in 2012. the account you open is just a normal one and once its established and funded you open a Membersdirect account that like attaches to you normal account (has its own web site, login and password) and you do your trading from the Membersdirect site.

http://www.australiansuper.com/inve...e/super-investment-choices/member-direct.aspx

 

[So_Cynical]

I added FKP to the super portfolio today at 15000 @ 0.375

Superfund trade #4 completed today due to the execution of my FKP sell order, 11.1% profit on the 11000 shares i sold, with the remaining 4000 shares left in as a long term hold.

Original capital deployed $5625 = 15000 shares.
Capital/profit withdrawn $4620 = 11000 shares.
Capital/profit remaining $1660 = 4000 shares.

Love it.

4 super fund trades exited in profit in just 7 weeks...im on fire, not to mention that my CPU trade is 9.4% in profit, from memory the sell order is in at $8.45 i think...thinking about it ill have to wait until i exit CPU then ill spilt the remaining cash into 2 equal lots.

 

[So_Cynical]

Opportunity presented its self to me today in the form of SAI so i added it to the super portfolio @ 3.89 (including brokerage ~ 0.02 cps) leaving my transaction account with about $10 in it and a total of 9 stocks in my portfolio...interesting that the closed trade profit is now equal to the portfolio paper loss, the systems working and $600+ in dividends/credits to come.



I posted in the SAI thread here https://www.aussiestockforums.com/forums/showthread.php?t=3824
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[So_Cynical]

(2nd-July-2012) I purchased 850 CPU shares today at $7.45 and seriously considered taking a profit on my BPT holding..but i reckon oil could run a little so ill hold off for a few days and see what happens.

I sold 550 CPU shares today @ $8.27 for a profit of 9.9% with the 2.2% dividend to come, paid on the whole holding...so all in all a pretty good result for a 45 day trade...SAI up a little again today and SDM under performing the sector.

MMmm i wonder if i get the franking credits seeing that i was in the trade for 45 days and its held by a superfund. :dunno:

Anyway UGL looks interesting...i like the idea of global property services.

 

[skc]

SAI up a little again today and SDM under performing the sector.

Got some SDM after the trading update and you are right about it under performing the sector. I haven't seen any analyst report covering the update and it appears that Perpetual has been a seller.

The actual financial report for SDM is not coming out until 23 Aug, so we might see a bit more conviction after that. That's my holding plan anyway...

 

[So_Cynical]

Got some SDM after the trading update and you are right about it under performing the sector. I haven't seen any analyst report covering the update and it appears that Perpetual has been a seller.

The actual financial report for SDM is not coming out until 23 Aug, so we might see a bit more conviction after that. That's my holding plan anyway...

The day i brought it i made a watchlist of 15 mining and civil services stocks, SDM is the stand out worst performer, just my luck hey..i make a list of 15 stocks and spend the whole day going over them all (having a sicky) i mean like 6 solid hours just to come up with the worst performer.

Anyway im tempted to double up or at lest buy a few more but just don't have the funds and they haven't really fallen enough....i have $4500 to go back into something and have decided to pass on SDM and UGL.

 

[So_Cynical]

WHC - Whitehaven Coal became Super stock #10 today...a bit of a mile stone 16 Months into this and i have gone from 4 stocks to 10 ~ i have added $11600 to the transaction account with the bulk of that back in late 2011 to buy IMF (7K) but haven't added anything at all since May...other than that its just dividends that get added to the transaction account.

So 16 months in and i can confirm that i am in actual profit, it may be only $1800 or so but it is profit...perhaps a 4.3% profit in 16 months, considering the GFF hole i was in just 10 and 3 months ago its a pretty good result i reckon.
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[Julia]

So 16 months in and i can confirm that i am in actual profit, it may be only $1800 or so but it is profit...perhaps a 4.3% profit in 16 months, considering the GFF hole i was in just 10 and 3 months ago its a pretty good result i reckon.
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4.3% in 16 months?
You'd have done better in cash with a lot less effort involved.

 

[So_Cynical]

4.3% in 16 months?
You'd have done better in cash with a lot less effort involved.

True, however this is a long term adventure so lets see how im going in May next year, that will be 2 years in total and will provide a more genuine picture of how this long term plan is working out.

Thinking about it

The day i put my cash into a bank is basically the day i give up...or the day when all my 'effort' has been rewarded.

 

[prawn_86]

4.3% in 16 months?
You'd have done better in cash with a lot less effort involved.

Depends on what tax bracket he is in and the holding period and franking credits of the shares he owns

 

[skc]

4.3% in 16 months?
You'd have done better in cash with a lot less effort involved.

Nothing ventured, nothing gained. Can't fault someone for trying...

 

[VSntchr]

Nothing ventured, nothing gained. Can't fault someone for trying...

Also, the knowledge gained through the process has a value too...

 

[George Washingto]

WHC - Whitehaven Coal became Super stock #10 today...a bit of a mile stone 16 Months into this and i have gone from 4 stocks to 10 ~ i have added $11600 to the transaction account with the bulk of that back in late 2011 to buy IMF (7K) but haven't added anything at all since May...other than that its just dividends that get added to the transaction account.

So 16 months in and i can confirm that i am in actual profit, it may be only $1800 or so but it is profit...perhaps a 4.3% profit in 16 months, considering the GFF hole i was in just 10 and 3 months ago its a pretty good result i reckon.
~

Does anyone know what portfolio software that screenshot is from?

 

[Julia]

True, however this is a long term adventure so lets see how im going in May next year, that will be 2 years in total and will provide a more genuine picture of how this long term plan is working out.

Thinking about it

The day i put my cash into a bank is basically the day i give up...or the day when all my 'effort' has been rewarded.

Disagree. There are times when it's simply more profitable to go to cash.

Nothing ventured, nothing gained. Can't fault someone for trying...

I'm not faulting anyone, skc. Simply pointing out a bit of reality.
Prawn's point, however, is very valid.

 

[So_Cynical]

Does anyone know what portfolio software that screenshot is from?

Stator

http://www.stator-afm.com/

Also its not a single screen shot..i had to edit 2 screen shots then paste one at the bottom of the other...so i could get all the info in.

Disagree. There are times when it's simply more profitable to go to cash.

No Disagree. with the exception of a bubble burst like March 2008 to march 2009, it is a more profitable proposition to stay in the market as proven by my non super results since mid 2007...the slightly below average result that i have achieved with my super over the last 16 months is due almost entirely to 1 poor stock selection.

GFF would certainly be one of the worst ASX300 performers over the last 16 months, definitely in the bottom 15 or 20% i would think...any of the bank or financials would of given a much more positive result...even RIO and BHP would of been a better result.

Due to money constraints at the time i had to choose 3 stocks and i got one very wrong...even if i had spread the money out a little thinner over 4 stocks this would of almost certainly given me a better result...anyway this is a silly exercise, just take the super portfolio performance over the last 3 months with trading profits of 3.7% factor that out over 12 months and you get 14.8% PA, but that's a silly exercise to.

May next year will provide a clear picture...2 years into a 7 to 9 year plan.