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05-01-2015, 04:59 PM
(This post was last modified: 31-12-2015, 03:11 PM by CityFarmer.)
End-year 2014 result
It is measured by NAV methodology. The () is the STI performance ex-dividend, the benchmark.
3 month -2.29% (2.7%)
6 month 0.22% (3.36%)
1 year 17.70% (6.24%)
Since Inception (1 Oct 2012) 52.7% (10.05%)
Few parameters of the NAV, since inception
Monthly average (volatility) 1.67%, vs STI of 0.40%
Standard Deviation (volatility) 2.7%, vs STI of 2.7%
To put them in perspective, Yeoman Cap is having similar numbers, with monthly average of ~1.6%, and standard deviation of ~2.2%. After considered the differences in diversification level, I should be doing OK.
Preliminary Review
Top 5 holdings in descending order of vested capital, at the end of 2014, are
- YZJ
- ShengSong
- CM Pacific
- Penguin
- M1
In 2014, I have rotated 5 stocks out, and replaced with 6 new stocks. All rotated out stocks were profitable, except one, which was only broke-even. The outstanding one is Memstar Tech, which had an annualized gain of 360%, by XIRR.
The best in performance in existing portfolio is Penguin. The best should be yet to come for the stock, and more to expect in 2015.
The worst in performance in existing portfolio is Challenger Tech. It is not in the top-5 list. The story still remains intact, thus it will continue to stay in my portfolio, unless a better one arrives.
The "wrong" of the year, was with ITG. I learned a valuable lesson. I trusted the management, while their past records showed otherwise. VB buddies had reminded me, but I was too arrogant to ignore, and thinking that the high free-float would mitigate the risk. I had been proven wrong, very wrong indeed.
The "rights" of the year, were with Penguin, SGX and Sheng Siong. I managed to get a fair prices. The stocks were both defensive and yet with significant growth ahead.
The 2014 performance is the worst in the last 3 years, since the change to Peter Lynch style. I wish a better one in 2015.
It is measured by NAV methodology. The () is the STI performance ex-dividend, the benchmark.
3 month -2.29% (2.7%)
6 month 0.22% (3.36%)
1 year 17.70% (6.24%)
Since Inception (1 Oct 2012) 52.7% (10.05%)
Few parameters of the NAV, since inception
Monthly average (volatility) 1.67%, vs STI of 0.40%
Standard Deviation (volatility) 2.7%, vs STI of 2.7%
To put them in perspective, Yeoman Cap is having similar numbers, with monthly average of ~1.6%, and standard deviation of ~2.2%. After considered the differences in diversification level, I should be doing OK.
Preliminary Review
Top 5 holdings in descending order of vested capital, at the end of 2014, are
- YZJ
- ShengSong
- CM Pacific
- Penguin
- M1
In 2014, I have rotated 5 stocks out, and replaced with 6 new stocks. All rotated out stocks were profitable, except one, which was only broke-even. The outstanding one is Memstar Tech, which had an annualized gain of 360%, by XIRR.
The best in performance in existing portfolio is Penguin. The best should be yet to come for the stock, and more to expect in 2015.
The worst in performance in existing portfolio is Challenger Tech. It is not in the top-5 list. The story still remains intact, thus it will continue to stay in my portfolio, unless a better one arrives.
The "wrong" of the year, was with ITG. I learned a valuable lesson. I trusted the management, while their past records showed otherwise. VB buddies had reminded me, but I was too arrogant to ignore, and thinking that the high free-float would mitigate the risk. I had been proven wrong, very wrong indeed.
The "rights" of the year, were with Penguin, SGX and Sheng Siong. I managed to get a fair prices. The stocks were both defensive and yet with significant growth ahead.
The 2014 performance is the worst in the last 3 years, since the change to Peter Lynch style. I wish a better one in 2015.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡