千呼萬喚，狗股基金又到了年結的時候．
狗股基金總結全年升２２．９８％，息率４．７２％，相對大市升２５．２８％，落後２．３％．
２００６狗股基金組合
２, ５, ６, ８， １１， ２３， ２６７， １０３８， １１９９， ２３８８
２００７狗股基金組合
２, ５, ６, ８， １１， ２６７， ２９３， ８８３， １０３８， ２３８８
剔除：
２３， １１９９
加入：
２９３， ８８３
增持:
８（！！）
2006-07 1-year holding peroid return (p1+d0-p0)/p0
23: 74.37%
2: 31.32%
267: 30.04%
1199: 29.05%
2388: 27.06%
11: 16.26%
6: 16.22%
1038: 14.23%
5: 11.41%
8: -3.47%
即全年最佳表現（包括股息）依次為２３， ２， ２６７；最差依次為８， ５， １０３８．
每月表現亦已如更新．
2007/03/31 01:36:35
y increase 8?
回覆刪除basically no future for 8?
only good thing is kicking jack so ass...
Because I have to maintain the weight of each stock as around 10% of the entire DOG fund portfolio
回覆刪除點解咁機器式買賣0既?
回覆刪除我都有儲狗股...以用供形式買入2,5,11,2388
唔會買入以下個d.
(883) 因為我已有857, 太相似
(1199) 我有1919, 太相似. 我計出黎, 1199 都有份成為狗股, 算係第十一隻
(6) 有2 就唔買6
(8) 太無前境
(293) 前年狗股之一...見佢股息無乜增長, 不預厚望
(1038) 李氏家族...唔敢買
(267) 錯失左上年買入機會, 而家打算買番幾手...
機械式買入,就係唔好俾藉口自己,要嚴守規律,咁先至係真正既狗股.
回覆刪除10隻有9隻回報都在10%起以上,睇唔出機械式操作有幾唔好
Can you explain why "when you pick the dogs for 2007, you used the historic yield rather than the future expected yield"?
回覆刪除i.e., if you use the future expected yield, you would replace 293 & 883 with 23 & 551.
How can you obtain the expected yield? It will come from your own analysis, that will include subjective view. Doing so means that I am seeking alpha by using active investment strategy. In addition, technically speaking, I have to wait all HSI consitutents to release report to calculate the expected yield of each and this is not very practical for an annually reviewed fund.
回覆刪除However, I set up DOG fund for passive investment, so I perfer using the objective historical yield.