Investment tactics Hung Pui Ki, Majesty

Investment Objective 1.Not to lose 2.Expected annual return at least 10%, can even as high as 50%

Economic cycle

About 5 years About a year About 3 years

Economic cycle vs long term HSI(70s) = 100 HSI(2010) = 20000

Performance of HSI Buy at Sell at Annual gain >50%

Tactics 1.Not to buy at the lowest (but to sell at low) 2.Not to sell at the highest (but to sell at high) => Make sure you are to win

Target price 1.Buy the HSI at Sell the HSI at Questions: 1.Do you believe that the HSI will finally be back to 30000? 2.Then, do we stand any chance to lose?

Return Average time to be back to = 2 yrs Max. time taken to be back to ≈ 5yrs Average capital gain: Time = 2 yrs, Buy at 20000, Sell at Annual return = 20% Min. capital gain: Time = 5 yrs, Buy at 20000, Sell at Annual return = 8% Risk Free return ≈ 2%

Investment Objective 1.Not to lose 2.Expected annual return at least 10%, can even as high as 50%