I've finally launched my global equity fund. Going around asking for friends and clients for commitment. It's a test of true friendship and those who helped me when I need it, I'll be indebted.
For a start, I'm not truly convinced that we have seen the bottom. There's QT to contend with, plus earnings downward revision.
I calculated that S&P500's fair value is between 3050 to 3600. A 20% earnings decline means 3050. No earnings increase over 2022 means 3600. We are approximately at fair value at the moment.
For a start, the fund will be 25% invested into quality stocks. The balance will be used to sell cash secured puts to generate income.
Stay tuned. I expect around 8 - 16% return in the next 12 months.
