My personal portfolio
A new trade opened
Maintaining that there may be a little more life in the global stock market cycle before the next significant correction occurs, I bought the Australia 200 Index (AS51) today, paying 5485.5 for a September contract, including spread-bet dealing costs. Australia is often a strong late runner in bull markets, benefiting from the highly cyclical recovery in mining shares, in addition to its other industries.
(See also yesterday’s My Personal Portfolio, which includes a listing of my other spread-bet positions.)
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