Things that are happening in the last week of March

Here's the activities for next week, courtesy of Wells Fargo.

P&L for 2013 1st Qtr

P&L for Qtr one in 2013, though March is not over yet but more or less the positions are in place.

Currently the portfolio is down around $449.62 (-0.12%) and currently looking at the market conditions, it seems that US markets has risen to a close of 10% for Dow and Europe has been touching new highs prior to the Cyprus issue. However, Asian markets seem to be hammered everyday especially Hong Kong and China.

What we are anticipating now is the hot money to flow back to Asia once the interest in US and Europe dies off.

P&L for 2012

Kinda busy for the past 3 months.. As everyone knows, whoever is working in the bank is pretty much suffering from all sorts of attacks, especially if you are in a foreign bank. Let me post our P&L for 2012 - pretty good for what we have done so far with an increase of almost 33%!

It was a pretty good bull run for Hong Kong counters and we caught the ride. Unfortunately for 2013 YTD, Hong Kong is undergoing a heavy re-consolidation and not performing so well compared to US. I will be posting the 1st Qtr results soon. Watch out!

Hong Kong v.s Singapore car ownership

Did something during my free time.. on a comparison between cost of owning a car in Singapore and Hong kong.

A4 1.8 SG (COE at $92667 feb 2013) A4 1.8 HK as of 14 Feb 2013 (FX rate at $6.3) Difference Difference per year Car price $218,400.00 $56,015.87 $162,384.13 $16,238.41 Car park at office (MBFC vs Cheung Kong) $428.00 $793.65 -$365.65 -$4,387.81 Car park at home (typical MSCP in town area vs Kowloon City District) $95.00 $507.94 -$412.94 -$4,955.24 Petrol (Shell SG Vpower vs Shell HK Vpower) 60 litres $145.92 $172.67 -$26.75 -$320.96

This is not including parking along roadsides and shopping malls as it is pretty subjective so this is purely based on car ownership and parking at home and office.