[APPLE PROJECT] Performance as of 26.08.2022

PERFORMANCE

Since the inception of this fund in September 2021, this fund is up 19.12%. 

Overall, this fund is way above the S&P 500 which stands at -362% and also the Dow Jones Index which stands at -3.01%.

S&P 500

DOW JONES

BRUNEI 汶莱 - 4 Days 3 Night - Seri Begawan, The Empire Hotel, Jame' Asr Hassanil Bolkiah Mosque

 

BRUNEI 4 Days 3 Night - Seri Begawan 汶莱 4天3夜 自由行 - 斯里巴加湾市 Places: - Jame' Asr Hassanil Bolkiah Mosque - Coffee by 7T1 - Seri Bagawan Floating Village - Sultan Omar Ali Saifuddin Mosque - Phongmun Restaurant - Roasted Sip Coffee - The Empire Hotel Brunei - High Frequency Cafe Partial video of Royal Brunei Boeing 787 is provided by Vecteezy.com

BRUNEI 汶莱 4 Days 3 Night - Seri Begawan, Sultan Haji Omar 'Ali Saifuddien Bridge, The Empire Hotel

BRUNEI 4 Days 3 Night - Seri Begawan 汶莱 4天3夜 自由行 - 斯里巴加湾市 Places: - Sultan Haji Omar 'Ali Saifuddien Bridge - Temburong District - Batang Duri Recreation Park - JAB GYM - Food Street @ The Mall - Istana Nurul Iman (Palace) - THE EMPIRE BRUNEI

[TRAVEL] Kuching, Sarawak - 4 days 3 nights - Blue Pond, Cove55, Damai Beach, Fairy Cave, Borneo Culture Museum, Buntal Seafood 古晋 砂拉越 4天3夜 - 新尧湾碧湖，COVE55度假村，仙洞，海滩，婆罗洲文化博物馆，文丹海鲜

 

[TRAVEL] COVE 55 Resort, Santubong, Kuching - 2 days 1 night free & easy recharge

 

[INVESTMENT] MEMO – 31.03.2022

Hello, hello!

It’s the last day of March 2022.

PEACE TALK

There was some progress in the peace talk between Ukraine and Russia as Russia pleaded that it will "drastically reduce" military combat operations in Kyiv of Ukraine. Most of the western media still have some doubts over this positive progress and some believe this may be a "smokescreen" for the Russian forces to re-strategize in Ukraine.

YIELD CURVE INVERSION

Bloomberg on 28.03.2022 reported that the spread between five-year notes and 30-year bonds inverted for the first time since 2006 when five-year yields rose to 2.63%. Why is this pertinent?

The inverted curve has proven in the past few past major occasions to be relatively reliable lead indicator of a recession. Then,what is “inverted yield curve”?

Investopedia explains that “an inverted yield curve occurs when short-term debt instruments have higher yields than long-term instruments of the same credit risk profile”. It further explains that “an inverted yield curve is unusual; it reflects bond investors' expectations for a decline in longer-term interest rates, typically associated with recessions.”

It this a reference or sign of recession? I do not know.

On top of that, inflation is real even before the Ukraine Russia conflict. And we can feel the impact of inflation now. The cost is that our money is declining in true value over time.

MY INVESTMENT

Having said that, I am maintaining a long time-horizon buying dips in the assets and businesses that I want to hold for the next decade. 

Quoting Benjamin Graham, "In the short run, the market is a voting machine but in the long run it is a weighing machine."

PORTFOLIO

These three (3) months have been a roller coaster riding. Current month for March 2022 our portfolio is up 4.19%. However the overall performance for this year is still down 5.18%. 

Stay safe.

MNMLH

31.03.2022

[UNBOXING] ZZUOM Coffee Machine CM6826T - Office Cafe

 

[INVESTMENT] MEMO - 18.03.2022

Hello, Hello!

In times of this unstable market environment, we also obviously do not know how long the conflict between Russia and Ukraine will last. So I am taking a step back, making coffee, doing a lot of reading and thinking over the past weeks. 

I have read Morgan Housel’s new book THE PSYCHOLOGY OF MONEY and a few classic, LEARN TO EARN by Peter Lynch.

As my portfolio is partially exposed to China market in $BABA (Alibaba) $0700.HK (Tencent) and $03690.HK (Meituan Class B), my portfolio is still down this month. 

The only positive news I know for this week is that China government made a strong signal to stabilize financial market, promising to ease regulatory crackdown, support technology companies and stimulate the economy.

As for the past few weeks, I have added some position in  $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) . Apart from that, nothing much to update.

Happy weekend and stay safe.

MNMLH

18.03.2022