Hot Fund: Lion Capital Philippines
I was analysing the prices of Lion Capital Philippines a few weeks ago, and the fund appeared to be doing very well. It was at 60% of its original value, which meant that many holders had lost money if they bought it long time ago. However, the percentage increases were very high for each year. Hence, I decided to buy it. I think there’s opportunity for money to be made, but the results in one month were astounding!
|
|
Cheque |
- |
3,801.5700 |
0.658 |
2,500.00 |
SGD 0.69200 |
2,630.69 |
130.69 |
5.23 |
|
| No. of units | Previous Price | Cost | Current price | Current Worth | Profit | Percentage Increase |
I had actually bought this earlier at $1000, before deciding to put in another $1500. Hence, the percentage increase is not a true reflection of the money I made earlier, but a combination of the two different prices I bought the unit trust for. It has actually increased 18.14% in one month!
|
Period |
1 wk |
1 mth |
3 mth |
6 mth |
1 yr |
2 yr |
3 yr |
5 yr |
10 yr |
|
Bid to Bid Returns (%) - SGD |
6.9 |
18.14 |
23.36 |
42.83 |
79.18 |
43.18 |
42.03 |
22.47 |
- |
Taken from http://Fundsupermart.com
This was after reading a very positive report on the Philippines in the newspaper. Hence, it is important to do some homework before buying any funds. I’ve not mastered the trick to really analyse a particular unit trust yet, but there are books that write about such topics. Perhaps I’ll share on these at another time.
There are other unit funds that I’ve bought and are making huge profits. Remember, I had only entered the market for only one and a half months. I’ve already made 5% as of today. This is way better than the NZ dollar fixed deposit, but risks are still inadvertent.
Judging from my experience with Lion Capital India, the price can continue to increase, so there is no need to sell now.
Sarah Tan - SingaporeProfit.com
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