Total Market Value: $1,450,101.35 (-2500.66)
Total no. of Units: 931,900.3089 units (+2829.5494)
Dear Investors,
Sorry for the late coming report, the global market is heating up and the HK index have been up for 6.16% since 2014, at the same time it has broke the 6.5 years long term resistance at 25000, so i have high expectation it will go up to a new height in the next 1-3 years.
But few might question why my fund is only up for 2.41% since 2014, although it is also because of roughly 2% of dividend has been paid (or reinvested).
The key reason is that when a market is going up (bullish), all the major companies (blue chips) will lead the rise, most of these companies are actually part of the index, so rise of these companies results in the rise of the index,
However i do not like to invest into large companies, mainly because they represent the index already, if i invest in them, my fund performance will only as good as the index, how is it possible to beat the index by investing in companies which are already part of the index?
Most of my investments goes to small to medium large companies, these "second & third rank" companies usually follow the rise of the large companies, but once they pickup the steam, they surge so much more than their big brothers, and at the end of a bull market, even those rubbish, companies that have no value will start skyrocketing because the market will become so irrational, that's the time when i will take the profit and leave, and of course, wait for it to collapse, this is the forever cycles of our modern economy :)
So be patient and i am expecting something big from Oct to Dec
regards,
Calvin
