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Growth Portfolio 2 - August

August 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The Portfolio tread water for most of the month and shows a decline of 1.8% against the two benchmarks which are up by a similar amount. As we go to press, there are signs of a strong rebound with the FTSE closing the previous week up 4.5%, its biggest one week gain since March ‘03. We can only hope we are past the worst of the market drubbing and subscribers should therefore set up their small cap watchlists to avail of the small company bargains of which there are now plenty. It’s probably time to prune the portfolio and make way for new entrants, a process we started this month with the sale of our residual holding in Neteller. We should have sold back in April when we first started to voice concerns about its poten ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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