The Simple Weekly Income system

[So_Cynical]

Trade #20

• ICN - Icon Energy
• 15380 Shares @ $0.13
• Week 20 - 21/05/2013

Ill be away for 2 weeks so will put the system on hold, unless i can get some free wi-fi.

I'm back and will continue on...surprisingly the Portfolio is only down 6.5% :dunno: thought it would be worse.

Trade #21

• IBC - Ironbark Capital
• 3900 Shares @ $0.505
• Week 21 - 24/06/2013

IBC went ex div today and fell a little more than it should...adds a little diversity to the mix to.

 

[So_Cynical]

Trade #22

• MAQ - Macquarie Telecom
• 260 Shares @ $7.65
• Week 22 - 20/06/2013

Double bottom :dunno: just want to keep the diversification theme going before i get stuck into the Goldies, miners and services stocks.

Portfolio now down 10.2% ~ when i started this the all Ords was 4712 and now its 4743 so with more than 17 of my 20 stocks bought with the index higher than it is now and was at the start..10.2% down is prob about right if not over performing a little. :dunno:

 

[So_Cynical]

Trade #23

• FMG - Fortescue
• 680 Shares @ $2.92
• Week 23 - 24/06/2013

Getting hit now, Portfolio down 11.28% with only 2 stocks out of 23 in profit...but on the plus side im almost at the half way point as far as initial dollar/s roll out goes.

 

[So_Cynical]

Trade #24

• CDA - Codan
• 1340 Shares @ $1.49
• Week 24 - 02/07/2013

Portfolio now -9.39%

 

[So_Cynical]

Trade #25

• EHL - Emeco
• 8500 Shares @ 0.235
• Week 25 - 08/07/2013

Portfolio now -0.81%

The portfolio had a good week with the SP recovery of ERJ, timely to at the half way point with 50K in and 50K to come....conclusions/feelings so far?

Well i think the discipline of 1 stock per week is somewhat working as is the small position size and 2nd parcel rules all limiting my early losses..diversification is also working because if i had been throwing everything at the mining and mine services stocks of would of been hammered.

Overall i think this system has potential, some fine tuning to come...im toying with the idea of not selling losers at all, i mite set up a mirror portfolio and see how that works.
`

 

[So_Cynical]

Trade #26

• EGP - Echo Entertainment
• 720 shares @ $2.77
• Week 25 - 17/07/2013

Portfolio now +6.32%~ was down 11.28% just 3 weeks ago.

A remarkable turn around in the portfolio with the take over announcement concerning APK, the rising oil price for ICN, the 100% rise in ERJ and the slight turn in sentiment for gold and minerals in general helping my FMG, PGI and EHL positions.

Portfolio now holds 24 stocks of which 15 are in profit.

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Something not often talked about on this forum is the opportunity gained when a portfolio reaches a certain size, as in holds a number of stocks large enough to open up the portfolio to the positives of random positive announcements/corporate actions.

I have seen this positive opportunity benefit play out in my personal portfolio over the last 6 years and now just 6 months and 24 stocks into this experiment we are seeing it play out in this portfolio...the positives of holding many diverse stocks.

 

[So_Cynical]

Trade #27

• PFL - Patties Foods
• 1520 shares @ $1.31
• Week 27 - 26/07/2013

Portfolio now +7.71%

Interesting that the 2 stocks i have averaged down with (ERJ & UGL) are at either end of the portfolio according to $ up/down, ERJ is the biggest cash winner and UGL the biggest cash loser..the double edged sword of the market.

 

[So_Cynical]

Trade #28

• TRY - Troy Resources
• 1420 shares @ $1.40
• Week 28 - 31/07/2013

Portfolio now +3.86%

 

[So_Cynical]

Trade #29

• BLD - Boral
• 470 shares @ $4.24
• Week 29 - 09/08/2013

Portfolio now +2.81%

 

[So_Cynical]

Trade #30

• EZL - Euroz
• 2030 shares @ $0.985
• Week 30 - 15/08/2013

Portfolio now +5.66%

Portfolio has been in the green for 5 weeks now, 30 parcels in total with 16 in profit, with 8 of the 10 biggest losing parcels purchased between Jan 23 and April 11..a tale of 2 half's :dunno:

 

[So_Cynical]

Trade #31

• TWE - Treasury Wine
• 430 shares @ $4.68
• Week 31 - 22/08/2013

Portfolio now +4.14% ~ portfolio has been in the green for 6 weeks now.

The largest % loser and winner have both changed this week, FMG the biggest % winner at 44% and RIC the largest % loser at 27% ~ reinforcing the absolute fact that both winners and losers are not constant, one weeks loser can be another weeks winner.

 

[tech/a]

The largest % loser and winner have both changed this week, FMG the biggest % winner at 44% and RIC the largest % loser at 27% ~ reinforcing the absolute fact that both winners and losers are not constant, one weeks loser can be another weeks winner.

But had you kept your winning trades and culled your losing trades even at a 10% loss surely your portfolio would be performing much better??

 

[So_Cynical]

But had you kept your winning trades and culled your losing trades even at a 10% loss surely your portfolio would be performing much better??

I was going to actually calculate this (the above) but never got round to it...one clear difference would be that losses would be locked in and thus the positive side to the 2 edged sword of the market would be closed out so to speak...opportunity lost in exchange for the certainty of small loss.

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(27th-March-2013) Are you happy with being 1% down?

5 months later am i happy being 2.4% up?

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Trade #32

• SLX - Silex
• 820 shares @ $2.42
• Week 32 - 30/08/2013

Portfolio now +2.39%

Time for some 2nd parcels, Still very keen long term on Silex...recent positive news to.

 

[So_Cynical]

Trade #33

• CLV - Clover
• 3650 Shares @ $0.545
• Week 33 - 05/09/2013

Portfolio now +4.25%

I hold CLV in my real portfolio, prob should be getting some more at this level...Markets down and this portfolio is up. :dunno:

Another week and yet another largest % winner IPP up 54.94%

 

[skc]

Markets down and this portfolio is up. :dunno:

Another week and yet another largest % winner IPP up 54.94%

Your portfolio return is heavily skewed by a +/- one tick for ERJ which you have over 1m shares.

How's your portfolio compare to the XJOAI from the start of the exercise, including dividends?

 

[VSntchr]

Your portfolio return is heavily skewed by a +/- one tick for ERJ which you have over 1m shares.

How's your portfolio compare to the XJOAI from the start of the exercise, including dividends?

I always have trouble finding a source for historical performance/charting for the accumulation indicies...does anyone have a good source available for benchmarking purposes??

 

[skc]

I always have trouble finding a source for historical performance/charting for the accumulation indicies...does anyone have a good source available for benchmarking purposes??

http://www.afr.com/rw/AFR/Web/Tables/Share_Tables_Weekly/2013-08-31/JAwrdp130831.xls

 

[VSntchr]

http://www.afr.com/rw/AFR/Web/Tables/Share_Tables_Weekly/2013-08-31/JAwrdp130831.xls

:thankyou:

 

[So_Cynical]

Your portfolio return is heavily skewed by a +/- one tick for ERJ which you have over 1m shares.

How's your portfolio compare to the XJOAI from the start of the exercise, including dividends?

Ah good to see someone is paying attention, yes a big turn around for ERJ which was making this exercise look good just a few weeks ago, and was as of this week giving a neutral contribution...now i though this was a positive in that the general portfolio was performing ok and not needing the out perform of ERJ to make it look ok/good.

Will do a portfolio comparison next week.

 

[So_Cynical]

Trade #34

• IAW - ILH Group
• 26600 Shares @ $0.075
• Week 34 - 13/09/2013

17th-April-2013
Addition to rules: Buying 2nd parcels of a held stock

Second parcels can only be bought after the first parcel has fallen a minimum of 25% and 8 weeks has passed since the first parcel was purchased...or after 20 weeks has past, second parcels can never be purchased at a price greater than the first parcel.

Staying within the rules as 23 weeks has passed since the first entry into IAW..i find myself drawn to re-entry's for some reason.

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Portfolio now +2.63%