One of my aims for the Fusion Portfolio was to dispel or at least shake the certainty of belief many individuals have in always being 100% invested. Somehow people made a link between not being able to time the markets and being 100% invested when there is no link. I find it as crazy as suggesting beta is a good measure of risk.
The following chart shows the percent invested for the Fusion Portfolio compared to the ASX200 Index. As the index has moved from overvalued to undervalued the fund has …

The Fusion Portfolio is making the following trade at today’s close of US markets, Monday 28th October.
Selling the portfolio’s entire position in SPY, 2000 shares.
Buying 4,000 ULPIX, Ultra Bull Fund.
Due to the continuing strength of the US dollar the portfolio will record only a small loss of around 5% on the SPY position. This compares to the almost 17% drop of the SPY and 14% fall on STW.AX, the Australian S&P ASX200 index.
I will be writing a full portfolio update at the end of the month and will include my …

The fund continues to be perform strongly. Five out of six positions are outperforming the ASX200 index with only the ANZ marginally underperforming. The fund is currently in the green and I am looking at investment possibilities. If I do not make the time to invest in individual assets over the coming week I will invest some of the cash into an index fund.
Investing is a time consuming activity. If you don’t have both the time and considerable interest to analyse individual investments then index funds should be your …

I just returned from ten days holiday in New Zealand. Before leaving I placed a trailing stop order on the 1,000 ANZ shares the Fund bought in mid July. The stop was set at 5% below the recent high of $19.52.

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I’ve updated the Fusion Fund spreadsheet with the ANZ purchase.
OK looking picture after three months. The out-performance will slow, but with the power of fusion the gap will widen over time. Past performance is said to be not indicative of future performance. Disclaimer rant, you know the drill.

After three months investing in a bearish market the FI Fund has finally succumbed and slipped into the negative territory. I have updated the spreadsheet and PDF file and you can see them on the portfolio page.
The following graph highlights why I’m still feeling good about the performance thus far. The FI fund is kicking the leather off the index ball.

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The Fusion Investing Fund continues to outperform its benchmark. Although two months is around five years short of a meaningful record it is nonetheless gratifying to be outperforming. The only position entered this month was a Fedex June $90 Put.
Current positions have an average 9.9% outperformance. Cash included, the total outperformance is 4.8%.
The fund is looking closely at whether to establish long positions in Pfizer (PFE) and General Electric (GE) and continues to monitor Australian Banks.
The fund continues to hold a significant cash balance and will continue to invest this …

April 30 2008
FI Fund receives $3.17370 per Great Southern TREES2 (GTPGA) Security.
This total of $4,760.55 was directly deposited into the FI Funds model bank account.
Individual tracking
I now need to determine how best to track the total return of this security. I’m currently thinking about using an adjusted close basis. If anyone has a good suggestion please let me know.
Portfolio tracking
For my personal portfolio I use IRR . I need to determine if this is best for the FI Fund or if another calculation like TWR is most appropriate. Any input …