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 …

Now is one of the times you need to be a net buyer of stocks.
While I don’t have strong conviction that the bottom is in I do see a lot of extremely good value in the market at the moment. I have been focusing on US stocks recently and will continue to do so as I also believe now is a great time for international investors to be buying US assets. From my perspective the Australian dollar is at a 25 year high against the US dollar. While the upward …

Quotes to Live By
Too much prosperity makes men greedy and their desires are never controlled sufficiently to stop at the point of attainment. Seneca
The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.” Bertrand Russell, philosopher, mathematician, author, Nobel laureate (1872-1970)
They are my two favourite quotes. Both are cornerstones of my life philosophy.
Another recent favourite is an Anthony Robbins quote, or at least a modern maxim attributed to Robbins.
Once you have mastered time, you will understand …

I often see this confusion in fundamental investors, how can you call a bottom? The thing is you can’t. Technical investors know that and never proclaim they can. Fusion investors also know they can’t time market bottoms, but they also know they can increase their chances of getting close to the bottom by combining fundamental and technical analysis in a mixing bowl along with some behavioral finance. Fusion analysts know they don’t have to nail the bottom, to outperform they simply buy at prices lower than 50% of other market …

The Fusion Investing Portfolio initiated a starting position of 1,000 shares in PFE at $17.68 at 23.40pm AEST.
I will update this post with more details tomorrow. The preferred outcome is for PFE to continue to head lower to allow a sizable position to built at lower prices.
If you’re looking for something good to read try this new post on Seth Klarman at Seeking Alpha

The Fusion Investing and Analysis Fund has sold 5 FDX June $90 Puts (FDXRR) at $4.00.
For an fusion analysis of Fedex see yesterday’s post.
With 28 days to expiration selling at $4.00, gives cost if put of $86, return on total risk of 4.65%, annualised to 60%, return on buying power of 15.5% and a 2.5% discount from the price.
This transaction delivers $2,000 cash to the fund. I anticipate holding until expiration. I’ll update this entry with further details tomorrow.

Anyone interested in the volatile technology stock of an Emmy award winning company? If so, I may have the company for you.
Thesis
This Emmy Award winning company delivers the best arms to the video on demand war lords. They are a classic pick and shovel provider. On a GAAP basis they entered profitability in Q3 2006 and their finances have shown continuous improvement since then. They appear to have mastered cost management and have diversified their segment internationally and their customer base. This has shown up in increasing revenue and …