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.
personal finance, investment, stocks
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