I have scaled the numbers to a beginning net asset value of US$100,000 and currency losses are integrated in the outcome of each security. (The sum of net currency losses was in the neighborhood of $4,500 on this scale).
Of note this year:
1) Average cash balance was a sorry 10.7% and there were long stretches in which the cash balance was zero.
2) Texhong Textiles and Enterprise Group were one night stands that resulted in shotgun weddings:
Note: the entries in blue are open.
3) Crude was not responsible for the nature of the overall showing:
Over the past year several of you have taken the time to share your ideas, strategies, knowledge and experience with me. I am very grateful.
My decision making was far from exemplary this year and I'll pick apart the why's and wherefores in the very next post before going on to review the state of play with respect to my major positions.
Happy New Year