Monday 12 March 2007

AU shares - market update

The Aussie market was up 58 points, or a nice round 1.0% today. All told I've recovered around 2/3 of the loss experienced since the market peaked at the end of February. It will be interesting to see if the market is really resuming it's bull run, or if this is a "correction trap" (I just made that up ;0 ). If the market does keep going up for most of '07 I'll be looking to buy a few more Index Dec-20 5,500 Put Option Contracts so that I've got some insurance against any nasty surprises. I'm still collecting the old paperwork for my stock portfolio so I can work out how much capital gains tax I'd be liable for if I liquidate my holdings and reinvest the funds into a tax-sheltered superannuation account in the new tax year.

Enough Wealth

1 comment:

mOOm said...

It's called a "bull-trap" :)