Dear Investors,
the latest fund price: $1.2250 (-0.0007, -0.057%).
the market have gone totally upward in a single month by more than 5%, because of the war on Syria didn't happen, also the Fed surprise the market they will continue QE for longer time. but my fund still dropped slightly, mainly because the stocks i pick are very defensive, and have very slow respond, but they will catch up slowly, also because the subscription increase.
in Aug, the total subscription is $833,685.05, market value $1,021,835.45, which give me 22.57% growth thus fund price is $1.2257 a unit.
in Sept, the total subscription have increased to $883,685.05, which market value have also increased to $1,082,514.98, yet only give me 22.5%, thus fund price become $1.225 a unit.
Although my fund is extremely small, actually tiny, a small size fund should be around at least $5-10 million USD, still you can see i am facing the problem every fund manager is facing, the growth rate must overrun the subscription speed in order to achieve captial gain, otherwise value per unit will be diluted even the fund is actually making more money.
Anyway, less complain and more on the update, i have brought couple more new local stocks, that many mainstream fund managers might be too afraid to choose, mainly because they are small size, mainstream fund managers like to pick those mega huge internationl incoperation, because they are safe, if HSBC fail, people will say: what's wrong with HSBC? but if a small company fail, people will say: what's wrong with the fund managers?
but i rather take the chance, the new stocks i picked are well known to local HK-ese, e.g. 759 stores 阿信屋, japan home 日本城, tsuiwah 翠華, they are all expending, 759 store is planning to open up to 180 stores by the end of this year, japan home plan to open 100 more new stores in Asia within the next 3 years, and the boss of tsuiwah got caught taking business trip on economic class by a reporter, good sign because you know the luxery of a company management usually is inversely proportional to the return of the shareholders, so one day if you see me driving a Ferrari, it might be time you consider to leave this fund, haha.
Anyway, don't want to write too much, as you can see this fund is becoming more mature, and i have set a great course of the direction in long run, so i can spend less time on this fund and more time on other business, e.g. insurance, baby shop, chinese tea, etcetc.
This fund will grow, but it will also take time, since over night wealth is nothing but a scam, i hope the steady growth of this fund can help some of you to achieve your dream, e.g. get marry, buy house, business startup, pay tax, even retired.
Patient is a virtue :)
regards,
Calvin
the latest fund price: $1.2250 (-0.0007, -0.057%).
the market have gone totally upward in a single month by more than 5%, because of the war on Syria didn't happen, also the Fed surprise the market they will continue QE for longer time. but my fund still dropped slightly, mainly because the stocks i pick are very defensive, and have very slow respond, but they will catch up slowly, also because the subscription increase.
in Aug, the total subscription is $833,685.05, market value $1,021,835.45, which give me 22.57% growth thus fund price is $1.2257 a unit.
in Sept, the total subscription have increased to $883,685.05, which market value have also increased to $1,082,514.98, yet only give me 22.5%, thus fund price become $1.225 a unit.
Although my fund is extremely small, actually tiny, a small size fund should be around at least $5-10 million USD, still you can see i am facing the problem every fund manager is facing, the growth rate must overrun the subscription speed in order to achieve captial gain, otherwise value per unit will be diluted even the fund is actually making more money.
Anyway, less complain and more on the update, i have brought couple more new local stocks, that many mainstream fund managers might be too afraid to choose, mainly because they are small size, mainstream fund managers like to pick those mega huge internationl incoperation, because they are safe, if HSBC fail, people will say: what's wrong with HSBC? but if a small company fail, people will say: what's wrong with the fund managers?
but i rather take the chance, the new stocks i picked are well known to local HK-ese, e.g. 759 stores 阿信屋, japan home 日本城, tsuiwah 翠華, they are all expending, 759 store is planning to open up to 180 stores by the end of this year, japan home plan to open 100 more new stores in Asia within the next 3 years, and the boss of tsuiwah got caught taking business trip on economic class by a reporter, good sign because you know the luxery of a company management usually is inversely proportional to the return of the shareholders, so one day if you see me driving a Ferrari, it might be time you consider to leave this fund, haha.
Anyway, don't want to write too much, as you can see this fund is becoming more mature, and i have set a great course of the direction in long run, so i can spend less time on this fund and more time on other business, e.g. insurance, baby shop, chinese tea, etcetc.
This fund will grow, but it will also take time, since over night wealth is nothing but a scam, i hope the steady growth of this fund can help some of you to achieve your dream, e.g. get marry, buy house, business startup, pay tax, even retired.
Patient is a virtue :)
regards,
Calvin
