Investing is Easy – Fusion Fund buys ANZ
September 23, 2008 3:07 pm by Dean Morel
There is one important thing. Buy Fear Sell Greed. With little time for detailed research (bad move Dean) but a lot of money to put to work in the Fusion Investing Fund, the fund just bought 1,000 ANZ shares at $18.10. While Westpac Bank would have been a more conservative investment the greater potential of ANZ and my better understanding of ANZ swung my decision.
Fund Performance to Date
- 4 of 6 positions (67%) outperforming the index.
- The -0.6% return compares favourably to the -15.4% for the ASX200.
- Fund dips into red for second time since inception (Apr 08)
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