Monday, December 5, 2011

Australian interest rate cut a winner

Well we got one right. We took the odds against ($2.35) back in mid-November about the Reserve Bank cutting the official interest rate by 0.25 percentage points and it has happened. At the jump the price was in to around $1.70 after being even shorter at the end of last week.
Overall the portfolio is chugging along nicely with a notional return since beginning operations on 15 November of 11.6%.
That's too good to be true over the long haul but heck, I'll enjoy it while it's there.

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