GEAR - BetaShares Geared Australian Equity Fund (hedge fund)

[qldfrog]

If you have the time, better to use call/ put option on indexes but, you can pay a fortune for options brokerage fees, may not have access to these and it is more comfortable to deal with stocks like gear/BBOZ..options are a world and language of their own

 

[divs4ever]

GEAR is my pick for the competition in October

i do not hold GEAR yet, but expect it to hit some 'headwinds' in the rest of September , potentially giving me a chance to dip my toe in the water , however in October i am thinking the US will throw a massive stimulus plan ( or market bailout ) to rescue the mid-term elections in early November ( and am thinking our ASX will get a boost from that action )

PS if i can get an entry-point i plan to CAREFULLY accumulate GEAR into the longer term ( as i expect an L-shaped recovery going into 2023 )

Top 10 Holdings .. Portfolio Turnover 6.57%​

BHP	BHP Group Ltd	9.97%
CBA	Commonwealth Bank of Australia	8.06%
CSL	CSL Ltd	6.86%
NAB	National Australia Bank Ltd	4.77%
WBC	Westpac Banking Corp	3.67%

Top 10 Holdings

CODE	COMPANY	ASSET
ANZ	Australia and New Zealand Banking Group Ltd	3.30%
WDS	Woodside Energy Group Ltd	3.13%
MQG	Macquarie Group Ltd	3.10%
WES	Wesfarmers Ltd	2.58%
TLS	Telstra Corp Ltd	2.23%

unlike many portfolios

of the top ten in this fund , i hold BHP , ( a trivial amount of ) WBC , WDS , MQG ( 'free-carried ' ) and WES so my concentration risk is lower than many investors

 

[qldfrog]

One of my winners of the year choice: a broad geared asx index, up after following recession and pivot/mad run up of markets