Performance Update
We have improved over time. And we will continue to do so
Author Archives: FIC
Recent Events: Covid, Chinese Equities and Russia Invasion
Covid give me some weird absolute alone time that helped a lot of soul searching.
Chinese Equities are as cheap as some Retailer stocks 3 years ago.
Russia invasion is creating a unique opportunity to buy things cheap. But make sure you are prepared to a must longer war than expected.
FIC Core Portfolio Performance As of Q4 2021
FIC Core Portfolio S&P 500 Total Return 2021 Q4 -1.72%1 11.03%2 2021-Calendar -1.1% 28.7%2 2020-Calendar 20.9%1 18.4%2 2019-Calendar 4.0%1 31.5%2 2018-Calendar -18.0% -4.4% 2017-Calendar 35.1% 21.8% 2016-Calendar 16.7% 20.1% FIC Core Portfolio is not a tax-exempt account however, the return posted here is before considering tax liability generated by any investment activities. Returns reported… Read More »
MNR/ILPT Acquisition
It was announced today that MNR (Monmouth Industrial REIT) will be acquired by ILPT at a $4bn valuation. Link here We, as one minority investor, while commending the management team of seeking maximizing shareholder’s return in MNR, disagree with the sale price. We strongly believe that such a high quality industrial portfolio with long term… Read More »
FIC Core Equity Portfolio Performance as of Q4 2020
Strong Q4 performance to flip a volatile year from deeply underperformance to outperformance!
Stay Calm and Carry On
Stay Calm and Carry On
FIC Core US Equity Portfolio As of Q4 2019
Year Main Fund (Money Weighted Return, Pre-tax) S&P 500 Total Return MSCI China Index 2016 (Feb 3) 16.7% 20.1% 16.9% 2017 35.1% 21.8% 55.6% 2018 -18.0% -4.4% -18.7% 2019 4.0% 31.5% 23.0% NOTE: 1. Past results do not indicate future performance. This is NOT an effort to raise funds nor this is an effort to provide… Read More »
FIC Core Portfolio Performance – As Of Q4 2018
Quarterly Commentary: S&P and Dow Jones Industrial had an extremely volatile Q4 2018, pretty much bringing major indices into bear market briefly before bouncing back to end the year with 4.4% loss for S&P 500 with dividend income We still believe that the equities in major indices are relatively richly priced, however less so after… Read More »
2018 Summary
Work: Consistently placed capital in commercial real state space and in common equities Investment return summary will be discussed in a separate post Personal Improvement: Running and Training: Total mileage: 2107 miles Number of Races: 10 (1 1-mile race, 1 5K-race, 1 4mile-race, 1 5-mile race, 1 10K-race, 1 15K-race, 1 15-mile training race and… Read More »
Publication Schedule
Now we are very busy analyzing and buying things (lots of good stuff getting closer and closer to be investible everyday) and we are actively screening a lot of opportunities now. (just imagine the “Black Friday” in stock market, not in ebay or amazon). As a result, our usual weekly publication schedule will change to… Read More »