Pakistan is the next largest trading partner of Sri Lanka within the South Asian region. Sri Lanka is the first country to sign a Free Trade Agreement (FTA) with Pakistan. 300 million during the last three years, which is a direct result FTA, which is operational since 2005. Recently a 27-member Pakistan-Sri Lanka Business Forum (PSLBF) delegation led by Abdul Rauf Tabani had been to Sri Lanka. They participated in the INTRAD-EXPO 2010, structured by the National Chamber of Commerce, Sri Lanka.
They were followed by Consul General of Sri Lanka in Karachi V. Sidath Kumar. This was the 3rd business delegation of the PSLBF in as many years. The business delegation also explored opportunities for investments and joint ventures in Sri Lanka. The delegation consisted of Heads/CEOs of leading Pakistani companies in textiles, fertilizer, sugar industry, service industry, IT, fresh vegetables and fruits, manufacturing, pharmaceuticals, tourism and leisure, construction, light engineering goods, rice, apparel, gems/jewellery, sports goods, and commodities sectors. The delegation also participated within an investment conference arranged by the National Chamber of Commerce. Conferences were also kept with BOI the Sri and Chairman Lanka Export Development Panel Chairman. The meetings centered on increasing the volume of bilateral trade between the two countries.
At the asset class level, only real estate lost money this month. Australian small-cap stocks were the best performing asset class. 3i, the UK private equity firm, and Generation Global shined. A few other funds defeat the index. Tribeca bounced from underperformance back again. Bluesky and Cadence sucked. Cadence went ex-dividend and I couldn’t be bothered to account for this properly in my own accounts, month when I have the dividend so it can do better next.
However, it dropped by more than the dividend and dropping in an up-market is bad. I’m still willing to provide them the advantage of the doubt that they can come back again. Bluesky was probably affected by troubles at the manager, known as Bluesky also, and lack of certainty about Wilson Asset Management taking over as the new manager.
I continue to be impressed by PSS(AP), where we are in the balanced fund now. By the end of the month we bought 1/4 million Australian Dollars by transferring money from Falafeland. This means that we will buy new US bonds for a couple of months as the existing ones mature rather than changing the proceeds into AUD immediately as the program is to buy about AUD 50k monthly.
After the month end, I immediately made an AUD 90k non-concessional (after tax) contribution to superannuation. As I plan to roll over my retail super account into a self-managed super fund following the start of the new financial season in July, I invested the amount of money in the CFS Wholesale Conservative Fund.
- Cash $_________________ (+)
- Have them come set for a complimentary preliminary meeting
- Q2 is Quarter 2 (Apr to June)
- 30-year Ending Balance
- Academically speaking, many less costly colleges are on par with Ivy League schools
- Started drinking at 6:30 on a normal basis
- 44$320,000 $10,000 0%
On a regular basis, we also make investments AUD 2k regular in a set of managed funds, and there’s also pension efforts. A couple of distributions from funds and dividends Then. USD 69k of corporate bonds matured (Royal Bank of Canada) or were called (Goldman Sachs) and I bought USD 275k of USD bonds (Tokio Marine, Anglogold, General Motors, CNO, Scorpio Tankers, Woolworths, Safeway, and Hertz).
There is still more than USD 100k to convert into bonds. I also bought 245 more shares (net) of CBAPH – Commonwealth Bank or investment company hybrid securities. I did some unsuccessful trading of silver futures and then bought 1000 more (net) stocks of IAU – a platinum ETF. I did some successful trading of Bitcoin futures. Total leverage includes borrowing inside leveraged (geared) mutual (managed) funds. The allocation is according to total resources including the true exposure in leveraged money. We currently don’t have any leveraged money.
So, the choice is not between diversification and active investing, because you can pick stocks and shares and be diversified at the same time. It should be centering on making the right decision on how much diversification works for you, . So, how varied is the normal investor’s portfolio? And if it is relatively diversified, could it be undiversifed for the right reasons? And what is the payoff or cost to being diversified?
Investors are thinly diversified: The typical buyer is not well diversified across either asset classes or within each asset classes, across possessions. Plus, they pay a price for being thinly varied: And in addition, investors who fail to diversify because they’re over unfamiliar or confident with their choices pay a cost. On average, they earn about 2.40% less a year, on the risk altered basis, than their more varied counterparts.