Thursday, August 23, 2007
Review of the Funds on hand ...
When I am reviewing the funds I am holding, I found that 90% of the funds on hand are still having a positive return despite the recent subprime issue. This year, I got the following with negative returns:
ABM AMRO Emerging Market Bond
BlackRock Merrill Lynch World Gold
Henderson HF-Pan European Property
The emerging market bond and part of the european property funds had been sold earlier, but having them in my portfolio is still a bad decision. I had reviewed the advises I got and the reasons that convinced me to make this poor decision. When I bought the emerging market bond fund, I have listened too much from my advisor and did not went through my normal routine for reading the Annual Report and fund manager's view on market. I sold the fund right after I had finished reading it's annual report. At least, that's a good. Last year, I got similar situation for Japan fund. I have to avoid repeating this kind of mistakes in the future.
I view myself as a long-term investor. In the past, I seldom took profit unless the main investment direction changed. I tried to make an escape plan on June, but eventually nothing has been concluded. The current subprime impacts have shown me a lesson for the importance of profit taking. I have to work out a strategy for doing so.
ABM AMRO Emerging Market Bond
BlackRock Merrill Lynch World Gold
Henderson HF-Pan European Property
The emerging market bond and part of the european property funds had been sold earlier, but having them in my portfolio is still a bad decision. I had reviewed the advises I got and the reasons that convinced me to make this poor decision. When I bought the emerging market bond fund, I have listened too much from my advisor and did not went through my normal routine for reading the Annual Report and fund manager's view on market. I sold the fund right after I had finished reading it's annual report. At least, that's a good. Last year, I got similar situation for Japan fund. I have to avoid repeating this kind of mistakes in the future.
I view myself as a long-term investor. In the past, I seldom took profit unless the main investment direction changed. I tried to make an escape plan on June, but eventually nothing has been concluded. The current subprime impacts have shown me a lesson for the importance of profit taking. I have to work out a strategy for doing so.
# posted by Lobo @ 7:10 AM 
