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$1.18

Discussion in 'Managed Funds & Index Funds' started by MJK, 29th Mar, 2007.

  1. MJK

    MJK Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    280
    Hope its cool to mention this....:rolleyes:

    I couldn't help but get a little excited about My NavaInvest Retail unit price being up over $1.18 as of 27th March.
    :p
    Whilst my funds invested in LPTs are coping a hit my DCT aussie blue chips appear to be the tonic at the moment.:D

    MJK
     
  2. DaveJ

    DaveJ Well-Known Member

    Joined:
    13th Nov, 2005
    Posts:
    123
    I don't think the market has made up its mind yet but good work!:rolleyes:

    Just shows there is no need to panic in volatile times nor try to guess the markets. Funds are generally not something you want to try and trade into and out of as the entry/exit delays can and do usually hurt you.

    They are medium term investments.

    Just my opinion,

    DaveJ

    P.S. I don't hold Navra.
     
  3. MJK

    MJK Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    280
    I have no intention of trading the fund. I'm in it for the income long term.

    With my average buy in at 1.10 its looking good for some juicy distribution before end 06/07 and my holding value is well up for a fund I've been spending the profits on every qtr for the last 2 years or so.

    I'm happy to milk this fund.:D

    MJK
     
  4. gad

    gad Well-Known Member

    Joined:
    5th Sep, 2005
    Posts:
    150
    Location:
    Canberra
    30 Sept 05 - App. $1.1864, Red. - $1.1828

    We have come along way he he

    (just being cheeky)
     
  5. TryHard

    TryHard Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    863
    Guess we have ! ...

    Distributions :

    Year 05/06


    17.7278 17.24%

    Year to Date

    5.5000 5.16%

    Cents distributed since September 2005 unit price of $1.18 = 23.22

    Guess that's why they call it an INCOME fund :)


    Just being cheeky too ;)

    PS out of interest the unit price on 30 Sept 2004 was 1.0728
     
  6. Rick

    Rick Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    103
    Location:
    QLD


    I've made 2 seperate investments into the fund
    1 at $1.06
    1 at $1.20 :eek: :D

    The second one was to get in before a distribution to boost my income levels for the year, so it served it's purpose.

    Waiting to see if it gets back to $1.20 today before this distribution.
     
  7. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart
    is the distribution calculated today?

    5.16% for a quarter is pretty good isnt it?
     
  8. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    Not all of the increase in unit price will be distributed - some of that increase is unrealised capital gain, and there may also be some management fees from this quarter.

    Steve has indicated it is likely to be around 4.5c distribution for the quarter (to be confirmed).
     
  9. Jayar

    Jayar Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    130
    voigtstr,
    I think you'll find the 5.16% was the total for the first 2 distributions.
    If we were getting that amount per quarter, we'd all be happy little Vegemites.:D
    Jayar
     
  10. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    16th Aug, 2005
    Posts:
    793
    Location:
    Brisbane
    Hi everyone,

    Note that Sim said 4.5 cents here, not percent!

    Mark
     
  11. Insight

    Insight Brisbane Buyers Agent

    Joined:
    24th Sep, 2006
    Posts:
    229
    Location:
    Brisbane
    I heard a guy tell the joke 'What do you call a failed trader?? A) An investor!'

    He was a woodchuck charging 5k for weekend trading psychology courses though.

    If you have a vehicle that is not going to vanish, then the best time to be buying is when there is blood in the streets, which there isn't much of at the moment actually.

    I have seen some pretty nifty and powerful timing tools, such as the coppock indicator on monthly charts.. Hey I think I actually found an indicator that works reasonably well, as it just says when to buy, which is basically after the markets have shown much weakness just beginning to reverse. When to sell is unanswered though, have to invent a better machine.

    Personally I have this nagging feeling that I'm doing something wrong investing in resi property as an asset class when there is a popular magazine for sale at the news agents called 'Australian Property Investor', till I work out something better I will continue to keep investing though.
     
  12. TryHard

    TryHard Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    863
    I wouldn't worry too much Insight ... the majority of the stories are regurgitated and most of the projects advertised in there are aimed at people who can't read (and who certainly can't add up!)