Dear Investors,
Latest Fund Price: $1.5854 (+1.3%)
all the details about what i have been doing, profit & losses, current assets, what i am holding, value, breakdowns are all in the attached PDF, unless you have high interest in money management (highly double it, haha), have a look when you have trouble sleeping, the numbers surely can help! just a quick summary for you what i have achieved in the last 5 years in case you don't have the time
Fund performance: +58.54%
Annualized return: +9.65%
* hang seng index: +24.75%
investors joined: +108
investors left: -5
money subscribed: +$1.31 million
money withdrawn: -$53,451
market value: $1.453 million
units created: 917,047.4222 units
fund price: $1.5854
realized profit and loses:
HKD: +113,281.35
GBP: -165
USD: +14,949.63
CNY: N/A
Comments:
not super great result, there are funds (although very little) can achieved +100% in the last 5 years, however there are about 90% of the mutual funds were unable to outperform the market in the last 5 years, so i think i did alright as an amateur.
My Vision (the value of one dollar):
no doubt i start to run this fund as a retirement fund, first of all i find financial needs for my retired parents, as well as the needs of some of my family members and friends that are the major investors of this fund, also i am not hoping for super quick ultra rich, my desire for money is so little, in the beginning investment was more like a game to me (like play chess or computer games), i want to get high score not because i love the money, but i love the game. But now when i have become maturer, i start to understand the value of money and how it affects people's life.
over the years working in financial industry let me understand how fragile our financial system is, bigger the institution, less trustworthy, low interest rate, high inflation, normal citizen got scared and become extreme sensitive to the current highly volatile world, money is not secure, corruption in company, government money-printing involvement doesn't help but push the greed in wall street even further, in the end we can all foreseen the inevitable conclusion: each dollar worth less and less
Many people do not want to get ultra rich or have the most luxury life, they just want "sufficient amount of money" for the rest of their life, so i have set these goals for my fund,
1. investment amount can be low enough for normal people ($1)
2. outrun the inflation (assume to be 5% annually)
3. low cost (friction-less finance)
i want to put an extra note on the 3rd point, low cost, in the last 5 years, my total trading cost is about $10,000 (1.08%), although it is quite low but i feel it is not low enough, usually a professional fund charge 5% initial fee, 1-3% commission for the salesman, 1.5%- 2.5% management fee depend on each fund, and extra 15% so called performance fee if the fund manager do well, it ate up at least 7-10% of the investors' profit (IF there is profit), how many fund can have 7% return in the first year just to break even? my approach to my fund will always find way to lower the cost, zero management fee, and more over, i hope some day i can buy a small broker firm, so i can offer completely free trading fee, all the cost except tax must be eliminated!
in these way hopefully i can keep the value of each dollar being invested here unchanged!
regards,
Calvin
p,s. PDF only disclose to investors only through email
