The month started rather positively with overall gain of about 2.5% and ended with an overall lost of 1.5%. Total draw down within the month is almost 4%. In a month that looks very promising at the beginning and ended with disappointing results.
| Month Ended | Portfolio Value | Equity Value | Cash Value | DIV (Cum) | Vested | Chg | Portf Perf | STI Perf |
| 31/12/2010 | 107,021.21 | 98,120.00 | 8,901.21 | 91.7% | ||||
| 31/01/2011 | 104,898.73 | 78,760.00 | 26,138.73 | 75.1% | -2.0% | -1.98% | -1.00% | |
| 28/02/2011 | 105,063.58 | 18,350.00 | 86,638.58 | 75.00 | 17.5% | 0.2% | -1.83% | -6.26% |
| 31/03/2011 | 105,074.09 | 67,770.00 | 37,229.09 | 75.00 | 64.5% | 0.0% | -1.82% | -3.30% |
| 30/04/2011 | 105,679.51 | 24,650.00 | 80,954.51 | 75.00 | 23.3% | 0.6% | -1.25% | -1.03% |
| 31/05/2011 | 105,154.94 | 59,330.00 | 45,309.94 | 515.00 | 56.4% | -0.5% | -1.74% | -1.65% |
| 30/06/2011 | 104,713.75 | 73,430.00 | 30,643.75 | 640.00 | 70.1% | -0.4% | -2.16% | -2.58% |
| 31/07/2011 | 102,789.02 | 83,260.00 | 18,551.52 | 977.50 | 81.0% | -1.8% | -3.95% | -0.72% |
The market is always unpredictable. We need to live with it. July was a month with many negative financial news. Firstly, the Greek sovereign default and now the US debt ceiling. Even though the US debt ceiling is essentially non-event, the lack of economic growth is casting an extremely dark shadow on the investors worldwide. With the US unemployment potentially climbing up again, investors are looking else where to put their money. Gold is making new highs. Oil is not going too much higher partly because the US are selling part of their reserves.Moving forward, it is more prudent not to take any counter trend trades. Even though the potential for achieving larger gains, the risk is much higher. The chance of success is below 50% and it is not worth taking such risks.
