Wednesday, 1 November 2006

Update: AU Stock Portfolio - 1 Nov 2006

My direct share investments in Australian Shares as at 1 October. The stock market performed strongly in October and my Portfolio has increased by $17,882.11, or 8.69% (after adjusting for a $5,000 share purchase during the month).

These shares are held in accounts with two margin lenders (Comsec Securities and Leveraged Equities). My overall gearing ratio decreased from 121.4% to 109.2% - I don't intend to borrow any more against the existing equity as it is important to have a more conservative LVR as the market gets overpriced and more likely to suffer a significant correction.

During the month I purchased an additional 1,112 shares in Australian Pipeline Trust for $5,000 through a company share purchase offer. This was an average
price of $4.50 per share - currently APA is trading at 4.60.

I also have paid for another $10,000 worth of Telstra shares via the T3 installment issue, but these shares haven't been listed yet. Allocations and pricing will be finalised during November.

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