InvestSMART

Star lady scales slippery slope to success

MAKING money in this market is like trying to climb a landslide. Your legs keep pumping, but the movement is down, down, down. The racers who did best were the ones who managed to grab onto whatever tenuous handhold they could to arrest their slide.

MAKING money in this market is like trying to climb a landslide. Your legs keep pumping, but the movement is down, down, down. The racers who did best were the ones who managed to grab onto whatever tenuous handhold they could to arrest their slide.

Miners absolutely tanked during the four weeks, plummeting 8.3 per cent. Banks didn't do much better, falling 6.9 per cent. Not good news for a market made up mostly of those two sectors. But the broader top 200 index slumped a mere 5.9 per cent. Why?

Well, after being the whipping horse for so long, industrial companies shone. You can imagine the sound of the dollar crashing below parity with the greenback would have been music to the ears of Aussie manufacturers and exporters.

Celestial queen Doreen Daze pipped chef Louise Jessop for top spot. Louise led coming into the final stretch but was tripped up by a 13 per cent fall in Catalpa Resources. That was enough for Doreen to shimmy her way to the top, off the back of an incredible 5.5 per cent gain in the Virgin Blue.

Dartboard was the best performer of the week and claimed third prize at the expense of Richard Pritchard who tumbled to second last. Architect Edwina Harrison finished well and reader Qaiser Malik did well in the market. In fact, the only racer to underperform the benchmark was financial manager James Killian who had the dubious distinction of owning two of the three worst performing stocks overall. Next week, new race!

Patrick Commins

If you would like to compete in the world's premier shares race, please email investor@fairfax.com.au. All welcome!


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