Just a quick update on our portfolio fund. The investment toward agriculture through fertiliser producers (write up and discloser of companies yet to come) which were bought on August 19th - the second low relative to the 09th of August - have now been stopped out for a slight profit of a couple of percent.
One of the main rules in the way we run our investment fund, is to make sure that no winning investment ever turns into a losing one. Moving stop losses towards and/or slightly above entry level is very helpful tool for that, once in profit. This trade will be counted as a "break even" despite a slight win.
Trade: Global Fertiliser Producers
Opened: 23rd of August 2011
Related Link: N/A
Risk: POFC 33.3%
Return: ROR +1.5% (Stopped Out)
Since I've started this portfolio theme on the blog, we currently have no longs for the moment. Cash levels now stand at 96%. There are a few shorts making us money on the downside, and even though these trades have minimal risk compared to the overall fund, their return is so far very good. I will be updating the portfolio data properly on the weekend.
US Dollar has totally exploded to the upside against the Singapore Dollar.