Portfolio update

I thought I really should update the performance of the portfolio as it has been a rough week for some of the stocks.

I have decided to sell out of AVE at this point in time as I think it is going to be a bit stagnant looking at the chart. I will look to reenter the share if it drops back to a bargain price again.

The portfolio now shows :

RHD Bought at 65c now trading at 72.5c for a PROFIT of 7.5c (11.5%)
SCV Bought at 80c now trading at 81c for a PROFIT of 1c (1.25%)
FEA Bought at 63c now trading at 63.5c for a PROFIT of 0.5c (0.8%)
CKL Bought at 59c now trading at 59c for BREAKEVEN (0%)
MCP Bought at $2.65 now trading at $2.72 for a PROFIT of 7c (2.6c%)
AVE Bought at $2.19 now trading at $2.65 for a PROFIT of c (21%) -- SOLD
MPH Bought at $0.225 now trading at $0.23 for a PROFIT of 0.5c (2%)

Portfolio
Cash : $45,955
RHD : $11,153
SCV : $10,125
FEA : $10,079
CKL : $10,000
MCP : $10,264
MPH: $10,222

Total : $107, 789

Month 1: Profit of $4,688. Annualised this is a gain of 56%.
Month 2 (to date): Profit $3110. Annualised this is a gain of 37%.

Closed Trades :
ITD Bought at 41.5c SOLD at 57.5c for a PROFIT of 16c (38%)
AVE Bought at $2.19 SOLD at $2.65 for a PROFIT of 46c (21%)

The return this year is 7.7% for this portfolio. Still there is not many shares to buy which may mean that the portfolio could become stagnant in the next few months while I am searching for undervalued shares.

Good Luck Investing.