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Personal Finance

Australian Shares Holding – September 2019

The portfolio has grown by almost 4% since March. The modest growth is mostly due to the overall ASX market going up after RBA announced two interest rate cuts. Most holdings in the ASX is probably overpriced at this stage – not a good time to buy unless there is a good dividend on offer.

I added two new companies to the portfolio. The first one is the undervalued PACT Group, and the second one is a well-known Australian LIC called AFIC (Australian Foundation Investment Company). AFIC purchase was boring, but it was a reasonable purchase due to many companies I am keen on are overpriced at the moment. To date, I still haven’t managed to reduce my portfolio’s Australian market exposure by much.

Asset allocation:

Australia:16%
International:12%
REIT:9%
Fixed Interest + Gold:6%
Cash + Property:57%

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