MECHCalvin Fund [Correction & Special Announcements]

Dear Investors,

A. Correction

I made a small mistake and left out a stock holding in my calculation which affected the performance, the INCORRECT figure for April, 2015 were shown

Latest fund price: $1.8567 (+0.2349, 14.48%)
Total Market Value: $1,665,188.06
Total units: 896,857.2372 units

the CORRECT figure for April, 2015 should be as following
Latest fund price: $1.8798 (+0.258, 15.91%)
Total Market Value: $1,685,888.06
Total units: 896,857.2372 units

B. Special Announcement 1

I will be in Europe for honeymoon from 22/5 to 14/6, in order for me to enjoy the vacation, I have cashed out many highly volatile holdings, for the big winner i mentioned in my last fund report (1246:HK), I have sold 80% of the holding and realized $150k profit! yet it seems like it still haven't lost its steam and keep drive up to 480%! The remaining holding I have still worth another extra $80k, so I expect the fund price will still have a small jump to around ~$1.9 per unit by the end of May (this fund soon will be doubled!)

C. Special Announcement 2

My wife have quit her job (apparently she had enough after 10 years of work!), she will be staying in Sweden for another month after our 3 weeks honeymoon, after she is back, she will help me taking care of the admin work of my business (both insurance and MECHCalvin fund), this is good news, because this kind of careless mistake will be hugely reduced, guarantee!

That's all! Anyway, I will be writing my next fund report from England, see you then!

MECHCalvin Fund now accept RMB￥

I just have my 95th investor and my first investor from mainland China. MECHCalvin Fund now accept RMB￥ as the new currency. The currencies MECHCalvin Fund accept have now increased from 3 to 4.

1. HKD
2. USD
3. GBP
4. CNY

European Situation

This morning the HS index have dropped more than 500+ points, this is due to Spanish 10 years note government generic bonds have exceeded the critical 7%. Rumors say IMF might bail out from the previous agreement of financing Greece, it makes other countries who involved in the agreement such as Holland and Finland also announced if IMF withdraw from this agreement, they will do the same.

The market atmosphere have quickly turned negative due to the agreement which gave positive hope to the market previously might turn sour.

When the market is full of fear, I am ready to use the previous cash reserve to enter the market, if you want to join as well, feel free to contact me.

Special Offer: End in 10th June, 2012 (Sunday) HK time

Dear Investors,

The trouble of Europe has extended to result in more fear on the market, as Warren Buffett said, "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" is the fundamental winning formula in investment, thus i suggest if you have no time to invest and want to get a grip of the investment do subscribe to this fund, the following are the major benefit of my fund.

1. MEHCalvin Fund is an open-fund, which means investors can subscribe and withdraw your money anytime you want, however in special occasion esp. huge market drops like now, I will send out invitation like the last one to remind investors the chance, of course i normally accept subscription as well, however frankly speaking you won't get much when it is "peaceful" on the market, if you want to get the best out of your capital, you must buy when the market is "shocking".

2. MECHCalvin Fund is also a no-load fund, which means 1. no commission, 2. no front charge and 3. no 12b-1 charge. Neglect my job as a salesman, i hate both commission and all charges on fund, as you can see how much the fee affect your returns as shown in the pictures below.

like many great fund managers in the past, i believe the fund's performance should already speak for itself, salesmen are not required, however i support consultant fee, which should be paid to those adviser who give good advise to investors, yet this expense should not be included within the fund.

3. MECHCalvin probably the first fund do not charge management fee, performance fee as well, also the entry fee is as low as HK$1, as no-load fund do have management fee, MECHCalvin Fund should be the first fund that is completely free. Of course there are spending for this fund, e.g. bank charges for sell/buy stock, yet it will be too insignificant will not affect the performance at all.

4. However, MECHCalvin do charge 1% withdraw fee when you withdraw your money, it is an act to encourage people stay here for long term investment, which also is the key to earn from fund investment, those people want to switch between funds 30 times a year usually gain nothing, the only way for you to gain from investment is to put your money into those will have long term growth, then do nothing but wait for it to growth.

Within this special offer period, this 1% withdraw fee will be waived for any subscription is made between now and the 10th of June.

This is an replied for those who constantly worry this will affect my business, as Warren said: "As a businessman have made me a better investors, and as an investor have made me become a better businessman." they help each other rather than conflict with each other.

There are also concern about the possible conflict of interest between my job working in Manulife who offer mutual funds, my answers is: my job title is an insurance adviser, my trust in Manulife is always place in insurance and retirement planning rather than their funds, Manulife is an insurance company after all, in fact all my clients know my view on Manulife's mutual funds, that they are never the strength of this company. My association with Manulife's fund usually are from MPF and monthly investment plan, which we have able to offer extremely good platforms rather than extremely good funds.

i hope by the end of the 10th of June, i will able to collect at least HK$100,000 to get ready, so far i have roughly ~HK$25,000 waiting to be collected up-to-date.

The current unit price (up-to-April) is 1.1454, for example if you invest HK$10, you will get 10/1.1454 = 8.7305 unit.

please contact me for details if you want to invest into this fund

best wishes,

Calvin

p.s. what is 12b-1 charge?: An extra fee charged by some mutual funds to cover promotion, distributions, marketing expenses, and sometimes commissions to brokers, differ from management fee or front charge

公告: 御龍基金轉名為莫菲斯基金

御龍基金(Dragon-Tamer Fund)現改名為莫菲斯基金(Morpheus Fund)

網址為：http://morpheus-fund.blogspot.com/

莫菲斯Morpheus是荷里活科幻電影，駭客任務(港譯：廿二世紀殺人網絡，原名：The Matrix)的一個虛構角色，其中電影最為人知的鏡頭，是莫菲斯要主角尼歐（Neo）選擇吃下紅藍兩顆藥丸中的一顆。在這套電影的情節中，這個世界的人是生活在一個虛擬的電腦內而不自知，只有小部份生活在真實世界的人才知道真相，他們希望「喚醒」所有在虛假中被騙的人類，但他們還是可以選擇是否願意被「喚醒」。

根據電影，如果你吃下藍色的藥丸，就當沒有事情發生過，繼續過自己的生活，繼續相信自己一直相信的人事物，繼續生活在舒適但虛假的世界中；但如果你吃下紅色的藥丸，就會被帶離舒適但虛假的世界，進入痛苦但真實的世界，而莫菲斯就是擁有這兩顆藥丸的人。電影中的主角最後當然選擇了紅色的藥丸，要不是哪來三套戲做？ 

所以新名稱的理解很簡單，莫菲斯基金的基金經理認為，市場大部份的投資人都是活在虛假中而不自知，相信一些大眾都認為是合理其實是錯誤的東西，而他希望能夠透過這個基金「喚醒」一部份人看清真相。

P.S. 但真正改名背後是由我老豆一手推動的，原因不會在這裡多說，如有興趣就私底下問，總之整個故事就有點令人汗顏的感覺。

特別報告 - 新派息基金

親愛的投資人，

這是一個特別通告，大概兩個月前我開始有為麥加文基金設立一個姊妹基金的想法。事源有一日老媽子（本基金的最大投資人）問這個基金表現如何，我說比大市表現好，但暫時未算十分特出。跟著她問那樣有沒有錢派？我說很難，你的資金是升了值，但如果要拿錢那就當提款。老媽子跟著說：哪有甚麼用？

跟著另外有幾個同事兩個多月前又是提了款，雖然是幾百元，說是要錢用云云（也有可能是在公司成績未出現，怕我一下不幹就拿錢跑了，哈哈哈）。有人出出入入，在管理基金上也是十分正常。但重點是我慢慢開始了解有些投資人（多數是女性），對一些可以長期增值的投資沒有太大感覺。

好像我老媽子，你告訴她現在放一萬元在一個地方，十年後可拿回一億元，她也會告訴你，那我未來這十年一分錢也拿不到怎麼辦？沒有興趣！但如果你對她說每個月有幾百月派，她就感覺得很實際。

基於這個原因，我決定設立一個「派息基金」。在介紹派息基金之前，我想簡單地介紹一下現在你們投資的麥加文基金，麥加文基金是行內稱為「價值基金」。

所謂價值基金是以增值最大化為目的，所以價值基金的基金經理，都是會選擇那些價值型的企業的股票。價值型的企業的特色是她們都有很好的前景，而且在其行業有領導地位，盈利強勁，而其企業賺到了錢，大多數會用來擴展本身業務，而不會派太多股息給股東。所以價值基金買入這些企業股票，從中得到的利息不會太多，就是有利息基金經理也會用來再投資，但長遠來說其價值會不斷加增。如下圖所示：

但對於某些投資人來說，增值可能未必切合他們的需要。他們每天都有負擔，可能是家庭上，事業上或個人生活上，他們需要的是一種定期入息。

因工作需要，我定期都要去上課拿學分。公司長期都請一位講師，他以前是很多金融機構的高層，現在教下書，提供下意見給政府。後來有次他講下自己的歷史，原來他是一名孤兒，童年在孤兒院長大，但人很聰明，得到幾位當時在投資界為重量級的外籍人士提拔，成為其教父，教授他投資。

他說有些孤兒院收入是依賴投資收息，這個世界多得有不少成功的善心人，設立了不少基金，才可以支持不同的慈善機構運作，而他自己就是在這種祝福下成為社會上精英的「成果」。他的經歷和我跟老媽子的對話，成為我想成立一個派息基金的決定。

「派息基金」的是以可以穩定地定期派出高百份比的利息為目的，當然投資人可以選擇提取或將利息滾存。主要投資在一些穩定成長的企業，這些企業的特色是提供市場長期需要，如共用股，所以她們都比較穩健，有些甚至是半私營的，甚至最大股東可能是政府，這些企業倒閉的風險相對低很多。而且她們由於業務和收入已經很穩定，也沒有需要和野心擴張，所以賺到的錢很多時候都會回饋股東。但當然比起「價值基金」，長期的價值是不會增加太多，始終現實「針冇兩頭利」。我對這個基金的願景是希望她會成為支持多人的工具，被支持的投資人可以是單親家庭，沒有收入的學生，中小企老闆，慈善機構或想有穩定收入的一般人。

這個基金已經事在必行，我自己已經接觸了幾個對這個項目感興趣的投資人，應該會在今年成事。但基金名字仍未想到，我會選一個女性的名字（可能是未來另一半的名字，哈哈），這樣麥加文基金就會有一個伴。如果你已經是本基金的投資人，也感到得到利息比長期增值重要，當這個基金設立以後可以轉換過去。如下圖所示：

20110710 - Fund Report Special Update‏

各位投資者,

本月的基金報告因為會計問題會延誤推出. 基金是增長中, 3個月前的借貸已經連本帶利收回 (YEAH!), 但之前有些數據需要從新計算.

幾個簡單Update

1. 放走了宏利部份基金, 轉為7月份開始同2位朋友的基金合作, 一位專攻美國市場(High-Powered Fund), 一位專攻在港上市的中國股票 (御龍基金). 總投資金額為15萬.

2. 今年基金規模目標增長定為100萬港元. (現為33萬港元). 而且增長率會和自己公司業績掛鉤. 實在在保險公司工作應該是賣保險而不是基金, 當然背後的更大的原因是相信自己的基金, 長遠來說會比公司的基金更加優勝. :)

詳情會在下個基金報告.

20110604 - 成立兩週年特別報告

這個基金是2009年6月4日開始成立, 剛剛整整兩年. 兩年來不是那種「積極管理型」的方式, 大概有30%左右的回報.

恆生指數在2009年6月4日收市是18679.53點, 而2011年6月3日收市是22949.56點. 上升22.85%. 算是跑贏大市8%左右, 可接受.

因保險工作(和懶惰)關係, 今個月的基金報告未寫, 但可以預告在會有美妙的東西出現, 特別本基金會買入兩位年輕的基金經理的基金.

一位是小學同學, 當我在英國留學時他就到美國, 現在考律師牌中, 但因為有美國trading牌, 可以買賣美股, 而他也只會買賣美股. 另一位是舊同事, 現在是獨立投資經理, 主要是針對在香港上市的中國企業. 兩位無論投資的經驗, 市場, 理念和哲學都是完全不同, 但絕對是贏家. 大家留意下一個基金報告吧.

小弟還有半年左右就30歲. 中國人說30而立, 想要好好認真地對待自己的人生, 而事業是人生的一大部份.

問: 這樣即是說你之前不算太認真, hmmmmmmm, 不好那樣直接吧, 哈哈 >.<"

MECHCalvin Fund [unregistered] 特別基金報告A- 7th Jan 2010

特別基金報告, 發現奇怪現象所有基金在上一個報告一天後突然上升2%, 股票市場可能很平常但基金有這樣的升值是很多, 可能對很有經驗的經金經理其實都是很平常, 但這是我第一次遇到感覺很奇怪.
中國 17.4% -> 19.9%
印度 17.2% -> 19.3%
反向策略 4.8% -> 8.6%
整體純利: USD 1315.43 (+7.28%) -> USD 1780.78 (+9.85%)