Latest fund price: $1.6053 (+0.077, 5.04%) new high, previous high $1.5675 on Mar, 2014
Total Market Value: $1,495,977.59
Total units: 931,900.9058 units
Correction:
due to a minor calculation error in Sept, the fund price for Sept and Oct have been slightly adjusted
Sept, 2014 $1.5312 (previously $1.539)
Oct, 2014 $1.5283 (previously $1.5297)
Dear Investors,
This month my fund have broken few personal records,
1. it has broke through $1.6 for the first time reaching a new high, due to one of my stock have been skyrocketing,
2. the stock have been skyrocketing was my largest single investment ($100k) so far
3. it has also captured the single largest profit up to date (+$110k, 110%)
While the market have been up and down, it went down due to occupy central (or umbrella revolution), then the shanghai-hong kong stock connect (滬港通) didn't do well as the market expected.
this is what i call "against the tide", i want to be one of those people just completely ignore the majority (aka the market), most fund managers give excuses saying, "hey i can't do well because the market has been bad." but they do go, they ain't gonna say because the market is doing well, they just give credit to themselves, they are just laughable.
there is a little story behind this small success, this stock (1271.HK) have been doing very well from day 1, in the last 6 months, i have already sitting on a paper profit of $25,000 (25%), if i sell it on any day, i can tell people, look! i have made $25000! to be honest 25% in 3 months is very good for most people, it is so tempting to just sell it, but i kept telling myself to be patient, sometimes i feel it is even harder to remain calm when you are winning, since losing in investment is so common to most people once they got a little bit of profit they want out, fortunately i didn't fall for the "temptation", i waited and waited and waited, finally it broke through the roof top and rise a massive 75% within a month!
this is a really good lesson for myself how important patient is... not only in investment
of course you can't expect every stock i pick is this good, tell you the truth, if i have selected 10 companies, and i have been wrong for 4 of them, 5 of them are doing ok, but i have been very right for one stock like this can give me 100+ % profit, i will be do just fine.
anyway, there is only one month left, my year-to-date fund performance is roughly 5.5% (6.7% include dividend paid in June), the market is doing roughly 2.9%, my fund performance is still just fair, but then again you have half of the mutual funds on the market is giving you 3% return, charge you 2% management fee, then claim they can have 12% average annual return, i am doing ok, and i will be happy if i can do 9% each year.
regards,
Calvin
