2007 was a forgettable year,while 2008 presented opportunity,which I tried to seize to the best of my ability, at about the same time that I lost my 'career' of seven years.
I bought over 5000 units of Fidelity's China Focus Fund in late September, which turned out to be a badly-timed purchase as the AIG and Citigroup shoes had yet to drop in the ongoing financial crisis.
As markets around the world tanked in earnest in October, I dipped my toes into a Singapore fund and a Japan fund.
On the rebound, I sold the former for a measly $2 profit after fees, while retaining the latter.
Then, in January 2009, I decided to buy into a Vietnam fund, getting over 7000 units of it.
2009 presented me the opportunity to cash out of mistimed positions as markets around the globe rallied between 20% to over 100%, and by May, my China Focus fund, having dropped as much as 26% at the low point in 2008, had climbed past my cost price. My Vietnam fund had already achieved this the previous month, and the Japan fund followed suit shortly after.
On November 17th, I travelled to S'pore just to dispose of these profitable investments, realising a gain of S$ 2 669.82 on an initial investment of S$ 9 400, ergo returning 28.4%.
Saturday, November 28, 2009
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