Contrarian Portfolio Update

Contrarian Portfolio Update

Contrarian Portfolio Update

At the beginning of each financial year I recommend buying the 10 worst performing stocks in the ASX 200 and holding them for 12 months.

We are almost at the half way mark of the year and the portfolio has gotten off to a great start with a current gain of 13% vs SPDR S&P ASX 200 FUND (STW) which is up 3.4%.

 Two adjustments have been made with the portfolio so far;

  • Bellamy’s was sold at $13.03 after the Chinese announced the takeover bid. I could have got more but was fearful of the deal falling over; at $13.03 investors were risking¬†around 35% to make 1.6%.
  • Costa group 1 for 4 rights issue was taken up @ $2.20. This brings the entry price down to $3.30

The 10 dogs are collectively looking good again after a different bunch returned 25% in FY19.



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