My retirement account (SMSF) gained $15,299 (+4.83%) to $332,134, with the gains in the stock market amplified by our modest amount of gearing (8 ASX200 index CFDs, code: IQ). No employer superannuation contributions were deposited into our SMSF bank account during December, but I expect all the December quarter employer contributions (SGL and salary sacrifice) will be processed in late January (around $6,000 is due).
The estimated valuations for my half of our real estate assets (house and investment property) were up again this month, by a relatively modest $4,525 (+0.55%) to $830,283. The forecast rate of rent rises during the next few years, coupled with net immigration to Sydney and possibly higher than trend inflation rates, should support (or slightly boost) house prices in the suburbs our properties are in. Affordability issues may cap price rises, although on previous occasions I have been surprised by continued strength in the top end of the housing market at times when the more 'affordable' suburbs have been in a down-turn.
My stock portfolio gained $13,438 to $66,140 net equity during December (due to the high gearing levels). The market (ASX200) break above the 4800 level was on thin trade during the holiday season, and I don't expect it to move much higher until company profits see further benefits from the Australian economic recovery later in 2010.
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