2013年9月3日 星期二

MECHCalvin Fund Report Aug, 2013 - Buy When There's Blood In The Streets

Dear Investors,
The latest fund price is: HK$1.2257 (-0.0124, -1%).
Market value: HK$1,022,915.45

the global market is quite fluctuated, USA said she is ready to quit QE, then said it might be delayed, all these affect short term, also the heating situation that US will go to war with Syrian cause both gold and oil rise, i didn't invest in oil but it surely help the gold i have brought.

there is an old wall street saying: "invest when there is blood in the streets." many people who have bias towards finance always quote this and accuse investors love wars so they can make money, which is wrong, speculators loves global events that cause major panic so they can benefit from the timing, while investors only wish his investment can grow steadily, and war surely isn't something that cause stability on the market. When i have chance, i will write something about the difference between "speculating" and "investing".

although said that, any kind of events that cause panic or fear usually is a good chance to invest, since everyone fears tomorrow might be the end of the day and throw everything they have on hand, which will cause a major downside to stocks price, this gives a true investor a good chance to recieved all the undervalued stocks from those who are too chicken and have no confident in the future. yet in normal circumstances, investors have more interest in finding companies that can grow steadily and morally right in a political stable region, and we don't need those extra "good timing".

don't want to go into details into my action this month, i have done some minor stupid things again, such as selling too fast, the stock i sold this month have gone up 6% the day after i sold it, and further 3% in the next two days, and this isn't the first time, i can talk about bad timing forever.

regards,
Calvin