January 2016

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AMG Substanz Swiss Mid & Small Cap Fund – Portfolio

I came across the yearly fund report of a very large Swiss Asset Manager today. It’s a cross over between a hedge fund and a value investor. And it works brilliantly. I thought I’d share the portfolio with you, as it is a great example of a diversified, dividend generating portfolio. Great call on the short Zurich… ^ And of special interest to me; their futures trading: (they do a…


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SMI Futures Trading – Real Trades – 29.01.2016

Even though a profit has been booked, one feels stupid selling at the days low. The error with the trade above probably is closing in the first place. If the market is prooving you right, you should double up, then exit later, or better still put a stop loss in place for the first lot and the new lot at a price where you still make a profit, bu have…


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Re-opening of Tweedy, Browne Global Value Fund II – A Good Sign

I follow this value investment company as they are one of the oldest and most venerable ones out there. From there recent press release: *** Re-opening of Tweedy, Browne Global Value Fund II The Tweedy, Browne Global Value Fund II – Currency Unhedged will reopen to new investors on February 1, 2016. As you will recall, the Fund was closed to new investors back in August of 2014, as it…





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SMI drop of 10-12% ahead?

Looking at this chart, I wouldn’t be surprised to see a sudden and fast drop down to 6800 – 7000 level. I’m acutally long with clients. But just looking at the chart and thinking of the momentum and positioning, that might be a real possibility. That would be a great buying opportunity considering 1) high dividend yields,  2) low interest rates, 3) support of low oil price for world economy….




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Importance of FX – Trading Gains when in Cash with Foreign Exchange Transactions

I was pleasantly surprised looking at a private account I have, which is extremely small in net assets. It’s an account that is pretty much dormant, except when in January there were major moves on the CHF Swiss Franc, I decided to buy EUR, USD and GBP. The chart above shows what just that move did. Interestingly that account did better than one I manage equities actively in. Nearly double…