[BTC-EQTY] Version 2 - An Investment fund with proven returns!

[xaviarlol]

Interim monthly Snapshot and forecast:

Snapshot:
BTC-EQTY-B has performed extremely well compared to the overall market. Mining stocks broadly fell significantly this month due to increased competition and fears about significant increases in difficulty. Asicminer fell as low as -25%, dipping to a low of around 3.3-3.5 BTC / Share before rebounding back to over 4 BTC per share. BTC-EQTY-B purchased additional shares of ASICMINER during the fall, which have now made a significant profit after the rebound. Earnings from other activities were strong, and more than made up for this fall.


BTC-EQTY-B again outperformed every known fund available to the public. Other funds, such as Sandstorm, saw heavy losses this period while BTC-EQTY has so far seen an increase in NAV and a relatively large dividend at the end of the month.
Current NAV per share is 0.212 BTC per.

Forecast:
BTC-EQTY-B should see a continued gain on NAV by the end of the month, as mining security prices stabilize (which appear to be starting to do so). Revenue from JD will likely slow as huge amounts of investment has diluted the return and turnover has remained stable.

An estimated dividend of at least 2 BTC (~5% yield, ~60% APY) will be paid at the end of the month.

Thank you for choosing BTC-EQTY-B, the best performing BTC fund 4 months running!

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[MPOE-PR]

So without further adieu...

Further ado. Adieu means bye (well, literally, "to god").

[xaviarlol]

So without further adieu...

Further ado. Adieu means bye (well, literally, "to god").

Thanks, I thought it looked odd. Spellcheck fail.

[johnsoft]

Okay, I'm in for a couple shares. Let's see where this goes!

[ninjaboon]

Interim monthly Snapshot and forecast:
An estimated dividend of at least 2 BTC (~5% yield, ~60% APY) will be paid at the end of the month.

So any new updates on your dividend yields?

[xaviarlol]

Hey all,

Dividends have been issued for this month.

Quick update:
As most people are already aware, bitcoin assets have crashed in epic fashion, and the Just-dice whale made a triumphant return to clean out the JD bank roll. However, I am pleased to say that BTC-EQTY was able to weather the storm superbly. Our NAV is down just ~19%, while the broader market is down more than 50%. Other investment funds have had losses of between 30% and 80%, so I am extremely pleased with the result of BTC-EQTY, but disappointed with the market in general (duh). We are still the best performing fund listed on these forums.

For more fund details, you can check the fund report here: https://docs.google.com/spreadsheet/ccc?key=0AuQ3xQRnpXqEdG5yMHZCaVkydWM5V1pzZld6WmtZa2c&usp=drive_web

[Deprived]

We are still the best performing fund listed on these forums.

If that's true then it's only because LTC-ATF ceased trading last week (paid out full NAV/U shortly after BTC-TC/LTC-Global announced closure).  The forums aren't just this section.

Here's what you need to beat to be best performing:



That's just under a year's trading - we closed right after the announcement of BTC-TC/LTC-Global closure, paying out everyone full NAV/U in LTC.  There were only 5 losing weeks of the 52, with the last losing one being -1.22% in June (caused by LTC rising 25% vs BTC).  The recent bad weeks just meant we only made 0.5%-2% per week instead of 2%-5%.

So you've still got a way to go tbh.

EDIT:  Those figures include dividends paid - although mainly growth LTC-ATF did pay out dividends a few times to reduce excess capital.

[xaviarlol]

We are still the best performing fund listed on these forums.

If that's true then it's only because LTC-ATF ceased trading last week (paid out full NAV/U shortly after BTC-TC/LTC-Global announced closure).  The forums aren't just this section.

Here's what you need to beat to be best performing:



That's just under a year's trading - we closed right after the announcement of BTC-TC/LTC-Global closure, paying out everyone full NAV/U in LTC.  There were only 5 losing weeks of the 52, with the last losing one being -1.22% in June (caused by LTC rising 25% vs BTC).  The recent bad weeks just meant we only made 0.5%-2% per week instead of 2%-5%.

So you've still got a way to go tbh.

EDIT:  Those figures include dividends paid - although mainly growth LTC-ATF did pay out dividends a few times to reduce excess capital.

You are comparing a different time, of course the returns are going to be different. BTC-EQTY-B started in July. I usually write "Best performing fund 4 months running", (which is when it first opened till now) but did the short version in my previous comment.

[Deprived]

We are still the best performing fund listed on these forums.

If that's true then it's only because LTC-ATF ceased trading last week (paid out full NAV/U shortly after BTC-TC/LTC-Global announced closure).  The forums aren't just this section.

Here's what you need to beat to be best performing:



That's just under a year's trading - we closed right after the announcement of BTC-TC/LTC-Global closure, paying out everyone full NAV/U in LTC.  There were only 5 losing weeks of the 52, with the last losing one being -1.22% in June (caused by LTC rising 25% vs BTC).  The recent bad weeks just meant we only made 0.5%-2% per week instead of 2%-5%.

So you've still got a way to go tbh.

EDIT:  Those figures include dividends paid - although mainly growth LTC-ATF did pay out dividends a few times to reduce excess capital.

You are comparing a different time, of course the returns are going to be different. BTC-EQTY-B started in July. I usually write "Best performing fund 4 months running", (which is when it first opened till now) but did the short version in my previous comment.

So how much profit per share have you made from start of July until now (increase in NAV/U + dividends paid)?  For LTC-ATF it was only 35-40% in that period so you haven't got to beat much.

[BitThink]

Sorry to be off topic. Deprived, may I ask whether you will plan to create a new fund, or maybe you think there's no good chance to invest at the current stage? Thanks.

[Deprived]

Sorry to be off topic. Deprived, may I ask whether you will plan to create a new fund, or maybe you think there's no good chance to invest at the current stage? Thanks.

No plans at present.  It's trivially easy to run a 'profitable' fund - just invest in fixed-rate bonds and deposit the rest in Coinlenders.  Of course a fund manager doing that would just be skimming fees off for doing very little (other than adding an extra layer of CP risk).  But it would seem to make a profit if looking at results - unless/until one of the 'safe' investments defaulted.

Investment-wise there's a few worthwhile investments around (none of them mining BTC as primary income source) - but not enough for me to want to run an investment fund (I wasn't running one anyway).  Trading has always been where the profit is - simply because making a profit investing requires good underlying investments, whilst trading doesn't.  When most securities are shockingly bad it's hard to make a profit from relying on the security actually performing well - far easier to rely on stupid market participants of which there's no shortage.

[xaviarlol]

Just a quick note to confirm that BTC-EQTY does not have any exposure to Bitfunder. Our BTC-TC assets will convert to direct shares.

Sorry to be off topic. Deprived, may I ask whether you will plan to create a new fund, or maybe you think there's no good chance to invest at the current stage? Thanks.

Investment-wise there's a few worthwhile investments around (none of them mining BTC as primary income source) - but not enough for me to want to run an investment fund (I wasn't running one anyway).  Trading has always been where the profit is - simply because making a profit investing requires good underlying investments, whilst trading doesn't.  When most securities are shockingly bad it's hard to make a profit from relying on the security actually performing well - far easier to rely on stupid market participants of which there's no shortage.

While I agree with most of that, some users (or customers) don't want to have to know about how the investments work, what is available, what the risk is etc. For that, even sticking cash in a CL account and charging a small fee is not as unreasonable as it sounds. But obviously that would make for a lazy and bad fund manager.

Then again, how many people who bought in to sh*tstorm and smidge's fund wish that those funds just threw the money in CL.