Dear Investors,
Although the market value of mechcalvin fund have reached $1M, however the market crashed earilier than i expected, the latest fund price have dropped to $1.2310 (-0.0739, -5.66%), the market have dropped -8.66% in a single month, -10% at worst, but well, i consider it is a success.
Even the best fund drop when the market drops, it is the matter if the market drop -10%, you only drop 5, when the market rise 10%, you rise 20% that make the difference.
When i was a kid, i always thought 1 million is a lot of money, they used to call rich people millionaires, yet apparently, 1 million is not a lot anymore, we now call rich people billionaires, after 4 years, my fund have reached 1 million, 500k stocks and mutual funds here, 400k loan there, with 2 gold rings, and other random stuffs and cash, then you have a million, but i couldn't feel a thing.
What can 1 million do these days? if $10 for 3 apples, i can buy 300,000 apples, or 10,000 pizzas, 2,000 iphones, 2 toyota or 1 BMW. You can ate an apple in 3 mins, a pizza in 30 mins, an iphone become worthless in just 2 years, a BMW will only worth half its original price after it touches the ground, or i can turn it into 2 million, not a bad idea!
this world consist of 3 types of people, spenders, savers and investors. spender focus on now, savers doesn't want to risk, only investors willing to risk for a better future. in fact investing is "delay spending", when a spender look at $1, he sees what this $1 can bring him now, when a saver see $1, he sees one more $1 in his pocket, only when an investor look at $1, he sees the possibilties of this $1 will become in the future.
Although the market value of mechcalvin fund have reached $1M, however the market crashed earilier than i expected, the latest fund price have dropped to $1.2310 (-0.0739, -5.66%), the market have dropped -8.66% in a single month, -10% at worst, but well, i consider it is a success.
Even the best fund drop when the market drops, it is the matter if the market drop -10%, you only drop 5, when the market rise 10%, you rise 20% that make the difference.
When i was a kid, i always thought 1 million is a lot of money, they used to call rich people millionaires, yet apparently, 1 million is not a lot anymore, we now call rich people billionaires, after 4 years, my fund have reached 1 million, 500k stocks and mutual funds here, 400k loan there, with 2 gold rings, and other random stuffs and cash, then you have a million, but i couldn't feel a thing.
What can 1 million do these days? if $10 for 3 apples, i can buy 300,000 apples, or 10,000 pizzas, 2,000 iphones, 2 toyota or 1 BMW. You can ate an apple in 3 mins, a pizza in 30 mins, an iphone become worthless in just 2 years, a BMW will only worth half its original price after it touches the ground, or i can turn it into 2 million, not a bad idea!
this world consist of 3 types of people, spenders, savers and investors. spender focus on now, savers doesn't want to risk, only investors willing to risk for a better future. in fact investing is "delay spending", when a spender look at $1, he sees what this $1 can bring him now, when a saver see $1, he sees one more $1 in his pocket, only when an investor look at $1, he sees the possibilties of this $1 will become in the future.
regards,
Calvin
Calvin
