I’ve been buying Australian today, adding to a recent position and starting a new one. Cash flowed in from selling MMA.AX in buyback for $0.70 (NTA-tax benefit) and a trimming back of Telstra late last week.
Cash balance still high. Despite my initial suspicions to the MMContrarian buy back, it was nice to get a large cash inflow at this time. I’m still working on my historical analysis for the ASX200 and aim to complete that prior to hitting fully invested again.

On another note I just received a prospectus for Capital Series Australia from Commonwealth Bank. Tomorrow I’ll give you a few good reasons why it is a lousy proposition and why almost all financial offering are not a great deal.
1. Are you prepared to read 120plus pages of legalese?
2. and understand it and its implications?
3. Pay for the privilege; pay for the packaging, marketing, commissions, unnecessary downside insurance and more.
4. Be guaranteed to underperform the market over the next 5.5 years.
5.Getting $100 back in five and a half years times is a really bad deal. It would be an incredibly bad result over this coming 5.5 years. Considering inflation…I’m getting carried away…more tomorrow.

Related posts:

1. Thumbs down on Capital Series Australia
2. Bill Gross says Buy Australia
3. Investing is Simple – Start Buying
4. CompuCredit Corp. (CCRT) Insider Buying
5. Australia is all that and more