Latest Fund Price: HK$1.5635 (+0.69%)
Market Value: HK$1,452,602.01
Numbers of Units: 929071.4175 units
Dear Investors,
I still haven't delivered all my dividend, esp. few friends I have not seen for quite awhile, i will keep the dividend into reserve and will contact you individually, if no preference i will reinvest the dividend.
I saw some funny faces when i pay dividend to few colleagues at office, $2, $4, $6, so many coins and it's just too much fun! some said although little, still better than bank, damn right it is!
anyway 5 years have passed and i am looking forward to the next 5 years, i have stopped fund raising for 6 months when i have reached the 1 million mark, however people (who know the existence of this fund) have started to give me money into the fund, so i feel i have enough money to work so i have stopped asking people to join or fund raising.
In my next 5 years i set simple goals.
1. I have repeatedly said 90% so-called active fund managers cannot beat the market in long run, i have proven i belong to the 10% that can beat the market in the last 5 years, and i expect i will continue to do so in the next 5 years.
2. I want to expand my fund to 5 millions, my capability of wealth management have increased.
3. I will find way to lower the trading cost even more (so far is 1%), 1% seems little, 1% of 1 million is only 10k, 1% of 1 billion is 1 million, although 1 billion in the eye of modern financial world is like $1 in an average person's eye, nobody cares, however i want to be push the running cost even lower, better donate that 1% to people who needs it, do you know $100 a month can feed 5 children in Africa?
4. Fully transform it as a long term retirement fund, which represent long term steady growth.
5. Find options to legalize this fund, option can be private fund with legal rights, or public (mutual fund) for normal citizen to join.
Let's see how it goes after another 5 years, it will be year 2019 baby!!!
regards,
Calvin
