My net Investment performance from all sources 2011/12 financial year was a disappointing 0.64% which was well below the costs associated with the investing activity. Once again a loss for tax purposes and in tax terms I have not yet recovered the losses incurred in 2008.
The following chart shows the index performance on the Australian market. Despite some promising rallies the year end level just below 4100 was significantly below the start of the year.
The only positive from 2011/12 was the turn round in UXC. Over the last two years I have been accumulating shares at a cost base around 40 cents per share. The return to profit and the paying of dividends has been the investment that has kept me close to even.