Latest fund price: $1.7699 (-0.0773, 4.18%)
Total Market Value: $1,568,039.12
Total units: 885,935.9229 units
Dear Investors,
Hong Kong and China market plunged even further this month, it not just cancelled the rise in May, the index has reached new low this year, what a surprise! My wife and I have a joke between us, whenever she travelled with me, the stock market must fall, so she were not entirely happy I paid too much attention to the stock market when we were travelling, and I always make fun of her for the fact that she always bring bad luck to me (not just in investment, I tend to lose more in computer games when she is next to me, haha). So I have become smarter this time, in order for us to enjoy the honeymoon, I have sold most of my shares beforehand, seeing how the stock market behave in July and Aug is quite hilarious to me.
Yet it doesn’t mean I can prevent all the paper loses, my long term mutual fund holdings dropped quite dramatically, also I was too eager to re-enter the market result in buying too early (still not mature enough after 7 years!), never the less my fund still fall significant less than the market.
However I have more experience now to understand how important holding and purchasing power is, since no one can predict the market (although many have tried and still trying), when the shares is showing negative, it is essential to remain a holding power, meaning you can afford to take the temporary paper loss, the difference between rich and normal people is that rich people have all the time they need to wait for short loss to rebound, while normal people might sell and realized the loss either due to panic or actual needs of the money.
While purchasing power meaning rich people have money to buy more stocks at lower price, while others can only look at all the cheap stocks but can do nothing about it because they have ran out of cash, in the future I am hoping to expand both holding power and purchasing power in my fund management.
In 2014 I have realized a 100k profit, this year I have realized a 200k profit, I am expecting next year I should be realized 400k-500k of profit and I am confident and feel comfortable with the stocks I have chosen.
After some rest, I have start looking for more investors that fit my requirements again,
1. Think long term
2. Have basic understand of my investment philosophy
3. Comfortable with volatility
My expectation is that my fund can grow to at least 5 million by 2020.
Regards,
Calvin
親愛的投資者，
香港和中國市場在本月進一步暴跌，它不只是取消了上漲的五月份，該指數甚至已經達到了今年以來的新低，真是意外！我的妻子和我之間有個玩笑，每當她和我一起旅行時，股市一定下跌，所以她並不十分滿意我在跟她旅行時太關注股市，我總是取笑她總是給我帶來壞運氣（不只是投資，就是我玩電腦遊戲時，只要她是我的旁邊就經常輸，哈哈）。因此，我這一次變得更聰明，為了讓我們好好享受蜜月，在出發前我已經賣走了大部分股票，眼看著股市在七月和八月的行為是有點滑稽。
然而，這並不意味著我可以阻止所有的賬面損失，我長期持有的共同基金跌幅相當顯著，同時我太急於重新進入市場令我購買得太早（7年後還不夠成熟！） ，但我的基金下跌仍然比市場顯著少。
不過現在我擁有更多的經驗，明白持貨能力及購買力是多麼重要，因為沒有人能夠預測市場（雖然很多人已經嘗試, 而且仍在嘗試），當股價呈現負數，保持持貨能力是十分重要的，意思是你可以受得起暫時的賬面損失，富人和普通人之間的區別是，富人們有能力及時間等待短期的損失反彈，而普通人可能由於恐慌或實際錢的需要, 賣出手上的股票而導致實際損失.
購買力意味著富人有錢以更低的價格購買更多的股票，而其他人只能看著所有便宜的股票，但甚麼也做不到因為他們已經花光了錢，在將來我希望在我的基金管理上, 可以同時擴大持貨能力和購買力。
在2014年我實現了10萬的利潤，今年我已經實現了20萬的利潤，我期待明年我應該可以實現到30萬到40萬的利潤，我對自己選擇了的股票有信心感到安心。
經過一番休息，我又已經重新尋找更多附合我要求的投資者，
1. 思想長遠
2. 對我的投資理念有基本理解
3. 接受波幅
我期望我的基金能在2020年增長到至少500萬。
regards,
Calvin
