Money and how to make $273,354 profit Update Nov 2014
Firstly my apologies as this update is late. I’ve now set myself an alarm so in future I won’t forget.
Here is the second update from my original post . If you need to refresh your memory here is a link to the original article. Basically I chose 10 shares from Martin Roths Top Stocks book and held them (hypothetically) for a 14 year period. Now, each two months I will provide an update on the progress of the share portfolio.
Some of the shares listed have decreased in value over the last two months but also some have increased. Overall the portfolio has decreased since Sept 2014 about $25,762 or 7.68%.
Maxitrans has declined the most and then Rio and the banks. This can probably be explained by the volatility in the commodity prices which also affects the banks as they have huge share holdings in the mining industry. Maxitrans also announced a 3% revenue drop and difficult trading conditions in the last 12 months.
The next update will be in January 2015. We’ll see what happens then!