It’s only taken three weeks, but the Fund has a new hero – Reject Shop has come to the Rescue!
A $2,000 profit and a 38.1% return is a very nice way to start indeed – thanks Raphael for giving us this boost with your (opportunistic) takeover offer.
Just imagine if we extrapolated this out for a full year – we’re looking at a 21,000% return! That’s turning the initial $5,200 Reject Shop investment to just over a million dollars! Ah the fun of extrapolation! I can’t quite see these shares being worth $439 each this time next year, but we can dream right?
OK back to reality – which is not all sunshine and roses. And speaking of roses, as our old friends Guns N’ Roses foresaw, there has been some ‘Cold November Rain’* falling on stocks this month. Who managed to take shelter, and who copped a soaking?
First, let’s look at the big picture – the overall November 2018 Fully Franked Fund performance.
Looks good on paper, but if you do the math – a $2,947 overall increase, despite adding $2,000 of cash, and $2,000 profit from the Reject Shop – someone’s been letting the team down……