Latest fund price: $1.5767 (-0.0286, 1.78%)
Total Market Value: $1,469,372.99
Total units: 931,900.9058 units
2014 Fund Performance: +3.77% (exclude 1.288% dividend)
2014 HS Index Performance: +1.05%
Dear Investors,
Happy New Year for start! another year (or 365 days have passed), this year is very mediocre for my fund,although still out perform the index, i did it much poorer than i expected :(
i have run this fund for 6.5 years, it has only grow +57.67%, many might be happy with this return, yet with this small fund size, i expect i could have done much better. well, too many mistakes and inexperience, sometimes without patient or unnecessary fear, make me still feel like an amateur..
yet my strategy works well, esp. handling opportunity, because it is very simple, i buy undervalue stock at low price and wait for them to become overvalue then sell it for profit, i ain't going to change my investment style, i will only optimize it.
every year, so many so-called experts try to predict the future, i listen to the wise man Warren Buffett, "Forming macro opinions or listening to the macro or market predictions of others is a waste of time."
What i concern more is the durability, Warren Buffett also stated "invest in stocks as you would in a farm" he brought a farm in his home town Omaha 20 years ago, sometimes it will give you good years and sometimes bad years, “Now, 28 years later, the farm has tripled its earnings and is worth five times or more what I paid,”
I am doing the same with the HK stocks, i wish in the coming years, i would able to say, 2014 was just another year didn't come out great but overall we are doing OK.
regards,
Calvin
p.s. I have started teaching from my youtube channel, you can have a look if interested in investment
