Reality Wealth Corporation's Late February 08 Update
Dear Valued Members.
COMMUNICATIONS.
We learn from experience,one of the most important facets of any business is communications, good or bad, even if there is very little to talk about since last time.
We have just performed our first bit of offensive trading in this last week, since the beginning of this month, and this is Very good news, as it indicates to me that the market is showing signs of bottoming out, as the saying goes were in the bottom of the U.
TRADING
To Quote the Wall St. Journal head line this weeks "Investment Managers Ride The Commodities Price Boom" we have opened up a little more exposure to BHP. in RWC 2 dealer book. RWC 1 Dealer book is doing it's job and keeping our portfolio in line for some plus numbers this month.
MEMBERS SUPPORT
We would like to pass on our most heart felt thanks to our membership for the fantastic support, in these trying times, of market uncertainty, as it has taken all of our cash base to support all of our open positions, since the Margin banks 25% increase in cash requirement in mid Jan 08, and this cash is due almost entirely from members support, and by achieving this we will be well rewarded when these positions expire, over the next couple of months.
DIVIDENDS
We have just qualified last week for a $1.13c Interim dividend with our CBA (Commonwealth Bank of Australia Shares) $17,185.04 this will be paid to us in April, so will be slotted to our April returns.
Our resource shares of Zinifex will be reporting on Monday the 25th and going X-dividend at the end of March, it's not known yet how much they will pay this year, we hope the same or better than last year, that will bring is approx. $35,000 for April as well, and the good news is it's all fully franked. (Tax Paid) on both payoffs.
SPARE CASH.
I would not normally ask this question of members, but what were seeing in this market place is the opportunities that come along once in a decade, if anyone of you out there has some spare cash, NOW is the time to put it to work, you buy in this market when the blood is thickest on the pavement, when the smaller players have exited.
MILLIONS OF MUMS AND DADS
Added up between America through all of Europe, Asia, China, India, and Australisia, that amounts to Many Millions of Mums and Dads, and when this market looks good for them again, Guess who will be already in the market when they jump back in, "you and me, that's right".
One again members thanks for your great support, and faith in both myself and the RWC team.
I found this cool web site: http://www.blackgolden.biz/?mode=R&ref=krishma99