Random Aussie share picks   Update 2018

Here is the June 2018 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 Roth’s Top Stocks book and held  them (hypothetically) for a 14 year period. Now, occasionally, I will provide an update on the progress of the share portfolio.

The last 3 years has seen an increase in the value of the portfolio of $113,407 to $449,148.

The portfolio since 2000 has risen $349,148 which is $75,794 more than when I started these articles in July 2014. As you can see all but two of the stocks (Maxitrans and Amcor) are above 100% profit since 2000 and three are above 400%.

The current total of $349,148 (total minus $100,000 originally invested) divided by 18 years = $19,397 per year. So for the last 17 years you had $19,397 extra in your life (per year) just by deciding to buy shares and sit on them.

The share price fall in the banks is understandable as it is a reflection of what has been announced at the Melbourne Royal Commission into Banking recently.

If I had included AMP in these shares you would have seen a dramatic drop in their share price. So much so that they were this week excluded from the top 20 listed ASX shares.

It must be really hurting AMP but of course is not unwarranted after the shocking revelations of miss management and corruption that have occurred there.

Unfortunately for many of the mum & dad investors who own AMP shares, they are being punished for something that is out of their control. I do feel sorry for them.