Wednesday, 3 September 2014

Portfolio update

So reporting season has concluded. It was an eventful period for me as it was the first time i went through a EOFY season. Like with most things, we saw the good, the bad and the ugly. Some companies produced astonishing returns while some others didn't. I'll leave market analysis to others.

I had to tweak my portfolio a bit. I downsized a position as i had too much of my money tied to the one stock which isn't the best idea. I also had the opportunity to purchase a new stock which I'm extremely excited about. When i first started i set out a target to try to achieve a 15% return on my investment in my first year. This is still my current target.

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