2013年02月基金報告

Fund price of this month 本月基金價格: 
HK$1.3036 (+0.29%)
Fund size: HK$924,680.33
No. of investors: 98
 

Still too busy to write a monthly report, since the fund have been run for couple years and pretty much on track, so I have decided i will get out details quarterly instead of monthly to save time.

i have purchase gold again due to the gold price drop, gold and properties (land) are the only two things that can preserve value in long run. Gold as the ultimate currency and properties (land) is the ultimate asset.

that's why in the biblical history, when God favor a person, He never promise to give him money, cows, sheep, but lands - promise land! or in the old days even nowadays, people call those who own land - landlord!

although in the past history, the appreciation of stocks or business venture always outrun gold and properties, yet its risky nature make many investors tend to feel safer investing in gold and properties. Anyway, here are few figures.

Investors count: 98
Fund size: 924,680.33
Latest unit price: $1.3036 (+0.29%)

Asset allocation:
Cash (all currencies): 6.48%
Loan: 40.01%
Business Venture: 1.28%
Gold: 3.58%
Manulife Mutual Fund: 18.87%
Morpheus Fund: 6.37%
Stocks: 23.41%
Total: 100%

The market is adjusting, so I will go defensive mode.

Morpheus Fund 2013 (initial capital $50,000 since Aug, 2012):
01 -1.9% $61,346.29
02 -4.0% $58,892.44
Comment: 較為不順的一月，往後會保守一點，宜至情況改善。

2013年01月基金報告

Too busy this month, so I will only state few important things

Fund price of this month 本月基金價格: 
HK$1.3007 (+3.97%)

Fund size: HK$922,644.72
No. of investors: 98

New Supporting Business: 

A. Cittababy 寶寶之城: www.facebook.com/cittababy, www.cittababy.com

it is a family business run by my cousin, if you want to buy babywear that is direct import from USA, check our website out and you will have a 10% discount.

B. 小倆口 S-Yoco: http://www.facebook.com/pages/%E5%B0%8F%E5%80%86%E5%8F%A3-S-Yoco/519120701442921, www.s-yoco.com

the only Taiwanese burger shop in HK, start running by one of my primary schoolmate in Feb, 2013.

Address is 96, Electric Raod @ Ching Fung Street, Tin Hau (香港天后電氣道96號@清風街地舖), come for a burger if you are around.

Both business are currently support by this fund, me act as business consultant and handle their insurance for both business.

HAPPY CHINESE NEW YEAR!!!

2012年12月基金報告: 以一個馬鼻跑贏

Fund Price of This Month 本月基金價格: 
 HK$ 1.2654 

Basic Information 基本資料

Launch Date 發行日期	2009/6/4
Launch Price 發行價值	1.00
Currency 貨幣	HKD 港元
Investment Management Fee 投資管理費	0.00%
Market Value 市值	HKD 882,782.83  港元
NAV per unit 單位資產淨值	1.2654

 

Calendar Year Performance 年度表現

Years		2009		2010		2011		2012
Fund	7.24%		22.07%		-27.34%		24.53%
HS Index	9.49%		18.09%		-27.48%		22.98%

Cumulative Performance 累積表現

	YTD 年初至今	Months 6 個月	1 yr 1 年	3 yrs 3 年	Since Launch 成立至今
Fund	24.53%	21.32%	24.53%	19.89%	26.54%
HS Index	22.98%	17.50%	22.98%	13.79%	23.28%

 

Manager's Comment 投資經理簡報

重要的會在2012年報說, 簡單本月總結2012年十分不錯, 但也只是跑贏大市一個馬鼻。受惠美國ＱＥ３，全球股市上升，本基金的股票，基金及私募基金上升至15%-38%不等。帶動本基金在2012年上升24.53%。

亮點是私募基金莫菲斯基金，自8月來，5個月一共上升25.07%，以五五分帳計算，真實是共升了50.14%。

*莫菲斯基金簡報by Kkman

Keeps moving strong, end 2012 with a high note. Let's be ready for 2013!

Top 10 Contribution Distributed by Groups

As of 31/12/2012,

Doing some statistic work, the top 10 contribution amount (equivalent to HKD) distribution by groups are:

1. Family (68.51% from 14 people)

2. UK Friends (17.45% from 3 people)

3. UK Caterham secondary schoolmates (5.377% from 8 people)

4. University of Bath schoolmates (5.177% from 19 people)

5. Church (2.09% from 6 people)

6. Manulife Colleagues (0.659% from 30 people)

7. HK Friends (0.456% from 11 people)

8. China Friend (0.174% from 3 people)

9. Primary schoolmates (0.014% from 1 people)

10. HK CWGC secondary schoolmates (0.003% from 3 people)

Total Investment Amount ~ HKD 710K

*exchange rate to HKD as of 31/12/2012
GBP 12.5240
USD 7.7514
CNY 1.2429

MECHCalvin Fund 2012 Summary - The World Has Not Ended

Dear Investors,

Happy new year to you, 2012 have been a fantastic year for me, but fantastic doesn't mean everything is beautiful and pretty. Here is a bit of quick summary before the annual report is ready.

The world has not ended in 2012, obviously, and the world continue according to her course of history. In the past, there were always different kind of "end of the world" and lurk people into fear, it could be a mega volcano, alien invasion, millennium bug, collapsing of the global financial system, terrorism, etcetc. yet the world turning still under the grace of God, and will remain turning within His time. Many companies survive through time, e.g. Manulife (insurance company) have reached her 125 years, Citibank 200 years (almost as long as the American history), some Japanese companies have last over 1000 years!

This make me think of the ultimate question: what make something last? how i can make sure my fund will sustain and continue her contribution to this world until the end? even long after i am dead?

My fund are unique and separated from other funds in this world mainly base on 3 factors,
- accept minimum investment as little as HKD $1
- free of charge
- no limitation of investment type as long as its legal.
 

They brought 3 questions will forever evolve in my head

1. how to make good use of a single dollar: many people including some of you here did ask, what can $1 do? it is too little! contrast to popular believe, successful people pay attention to fine details, and rich people pay attention to small money, in my investment career, i will be forever searching any chance of using $1 to buy something worth $2 or more, and i would like to use this fund to prove $1 do matters in fiance, so does other little things does matter in this world, this is the foundation of MECHCalvin Fund.

2. how to offer extremely low cost (even free) service to public with extremely high return: i am not a big fan of taking profit from other people, however i do not feel making profit is an evil act as long as it is done fairly. This is my personal preference because I am always fascinated by stories that some individual can cause huge influence to this world with extremely low or even none resources to begin with, to achieve such status of impact will always be my dream.

3. how to set people free from narrow mind and limitation: creativity probably is the greatest gift of men, however 9 out of 10 people i have met choose to limit themselves, sometimes by environment, sometimes by various factors, but most of the time by themselves. Every fund have a field they want to expertise in, and to me i would like to see variety in my fund, explore 1 million way to make money is always make me happier than making 1 million dollars with a single way.

In 2012, my fund have growth from 390k to 880k, it is like seeing a baby gain her weight in such a short time, it did give me a bit of joy, although she is still very weak, the potential of her future always excited me.

Last but not least, in the upcoming annual report i will disclose my ultimate objective of this fund, for those who knows me, I am not a money lover, money is merely a tool for me to do what I want, how to use money is always more important than how to make money to me. But as investors like yourself, you will get a piece of what i am doing, and you can choose how you want to do with your money, e.g. enjoy life, spend in something you want, charity, science research, keep it, start your own business..

So please bear with me, I will get back to you soon with something interesting

best regards,
Calvin

2012年11月基金報告: Skipped

Dear investors,
I have been extremely busy closing till the end of year, also in Dec there will be a annual report, thus i think i will skip this month's details fund report. (i might write something regarding to the current investment strategy in next week, only if I have time)

the fund price for Nov is $1.1899 (+2.38%)

the market seems to show a "small bull", thus everything kind of going up, today I have met a friend back from UK, he put $100 here last Nov, now have become $116.7, so the growth in the past 1 year is roughly 16.7%.

i will soon open a new investment catalog, named: business venture, basically support various business around me at very early stage, the funding will be backed up majority by my insurance business, ultimately you will see this fund become the "father" of many new business and great brands.

Merry Christmas and Happy New Year :)

Calvin

"p.s. the private fund "Morpheus Fund" have achieved quite excellently since Aug, the fund manager do have a small msg.

Manchester city manager Mancini said: to get approval from fans, there's only one way- "Win, win, win, win, win, win, win"

很慶幸暫時做到了，當然希望愈持久愈好。但亦要提醒自己及大家 - 幸福不是必然的。如果有一個月份失利來臨，要保持積極心態，調整策略。同時請大家多多包容：至少記起這個失利的月份來臨前，大家得到了多少。

Cheers!

KKMan

Morpheus Fund performance
2012 actual return: initial $50,000
08 +3.0% $51,500
09 +1.2% $52,118
10 +6.2% $55,349.32
11 +7.6% $59,556.51"

2012年10月基金報告: 站在世界最高點之前

Fund Price of This Month 本月基金價格: HK$ 1.1646

Basic Information 基本資料

Launch Date 發行日期	2009/6/4
Launch Price 發行價值	1.00
Currency 貨幣	HKD 港元
Investment Management Fee 投資管理費	0.00%
Market Value 市值	HKD 812,478.79  港元
NAV per unit 單位資產淨值	1.1646

Investment Manager/Investment Advisor 投資管理人╱投資顧問

Tien Ho Calvin Yim 嚴天浩

Investment Objective 投資目標

麥加文基金是以價值投資為主導的基金, 目標是為投資者長遠累積財富

Calendar Year Performance 年度表現

Years		2009		2010		2011		2012
Fund	7.24%		22.07%		-27.34%		n/a
HS Index	9.49%		18.09%		-27.48%		n/a

Cumulative Performance 累積表現

	YTD 年初至今	Months 6 個月	1 yr 1 年	3 yrs 3 年	Since Launch 成立至今
Fund	14.45%	0.98%	8.54%	16.22%	16.46%
HS Index	17.45%	2.98%	9.67%	-0.98%	17.75%

Cumulative Performance Since Launch 自成立日起的累積表現

 

Manager's Comment 投資經理簡報

本月的基金市值衝破80萬大關，港股因為美國ＱＥ３的熱錢流入連升十日，之後再升穿今年新高。受惠的最主要是地產股。但由於新資金流入基金，盡管在股票基金的升勢下，本月的基金價格整體還是比上月下跌了１個多百分點。

當基金的規模還未成熟時，其基金價格的波幅是非常敏感的，就像嬰孩一樣，一點點的東西就可以影響到他，任何人提出或加入一些金額，都足可以影響基金價格。

題外話，今個月１４日，菲利克斯·保加拿（Felix Baumgartner）成功破了超高空跳傘的世界紀錄，由紅牛能量飲料（Red Bull Energy Drink）贊助，利用一由氦氣球懸吊的太空艙將保加拿載運至海拔超過12萬英尺（36,600公尺）、已經進入同溫層的超高空，直接穿著有加壓作用的太空裝進行跳傘，並在不靠飛行器輔助的自由落體狀態下突破音障。

過程可在這裡觀看：http://www.youtube.com/watch?v=FHtvDA0W34I

這個舉世矚目的創舉對我來說的意義，是他不是第一天就可以站在世界的最高點，他之前做過無數次不同地區，不同高度，在地穴，在世界第一高的大樓，在巴西里約熱內盧的基督像上，在跨海大橋，在台北101等無數地點成功過。這說明要成就偉業，是要一步步，經過各種不同的挑戰，最後才可以成為獨一無二。

股票方面，地產股都向好，恒大地產已開始有起色，而金朝陽集團更加不停創歷史新高，而渣打的表現還是反反覆覆，但我也不會太擔心，銀行股最終都會回到其合理水平。可提一點是近來香港政府打擊樓市，嚐試壓抑炒風，另當日地產股全線下跌，但在我眼中，香港是由市場主導的自由市場，其運作是以需求來決定，而不是由政府來決定，所以我看新政府的作動作影響不大，而地產股全線下跌後過了１日後又回升就可知道。

今個月也第一次買入*創業板的股票，中國優通(HKG: 8232)主要在中國從事提供光纖佈放服務。 集團以傳統佈放方法及微管及微纜系統集成方法為中國主要電信運營商提供服務，公司市值很小，但潛力很大。

私募基金方面，盡管是五五分帳，分帳後其表現都已有10.70%，我都是由基金經理kkman自己解說："個人來說，暫時性的成績算是滿意的，相信你亦是這樣想。強調只是暫時性，仍然不會鬆懈，繼續審慎樂觀應對。另外，可能部分mechcalvin參與者認為我在這浪升市不算太突出，在這種合作模式之下（獲利及虧損5\5分帳），你們在大升市是不「著數」的，因為要交50%保費。那麼，你們買了「保險」，會有甚麼「保障」？ 就是我「拍心口」，我們的戶口不會暴跌，而且不是「空口講白話」，而是萬一發生了此事，我要真金白銀賠50%跌幅給各位！所以，「抗跌力」，「穩中求升」才是本基金的重點。股票如人生，不可能永遠一帆風順，在風雨中的表現，才真正決定你的成就。"  **如對他的基金操作哲學有興趣了解者，可到最後一頁看下文

共同基金方面，因為小型股飈升的關係，亞洲小型公司基金也繼續節節上升。

茶葉生意方面，完全未有進展，和合伙人之間還是找尋機會如何打入英國的中國茶葉市場

最後借貸方面，今個月再借出１３萬，跟其他投資項目不同，我暫不會公開借貸人（公司）的身份，借款跟投資之間的不同，就像股票跟債券的不同，投資人是生意的參與者，但借貸人只是借貸人，所以長遠來說，借貸不會成為本基金的主力。

Remarks 註解：

*香港創業板 
香港創業板（Growth Enterprise Market，簡稱GEM）是香港交易及結算所有限公司全資附屬公司香港聯合交易所有限公司經營的一個新股票市場。

香港創業板於1999年11月25日推出，仿照美國的納斯達克（NASDAQ）進行設計，主要目標是給有增長潛力的新企業提供融資渠道，新興科技企業是香港創業板的重要組成部分。相對於聯交所主板市場來說，創業板具有更高的風險，主要供專業投資人士參與。

**莫菲斯基金的基金操作哲學 by Kkman 
本基金，或簡單來說，小弟的戰略是：

1.          穩守突擊

2.          在平凡的時候，做出不平凡。

Defense is the key of success: Many people do show paper for their account, but turn out to sustain heavy loss at times and cannot realize their profits. While my fund stress on defense. Usually my fund would rise when the market is flat, more importantly, able to shield a big portion of market drop at bad times. The trade off, is relatively weak rise during odd months of market crazy rise. So when market rise a lot, please 多多包容 my lag behind the market. Your patience will be rewarded in multiples.