Firstly let me apologize for our late report, the numbers we were waiting for have just being handed to me.
We must realize that as we grow into a larger company it takes time for all our positions to close out & clear when other people are involved, just be aware we are a legitimate company, and were here for the long haul.
I'm happy to announce we seem to have come through this last 2 weeks relatively unscathed, more than I can say for most of the Worlds biggest financial houses, with a $600 billion write down in 3 months according to UBS.
Anyone out in the market place will have noticed the huge turn down in all the markets in just this past week, in particular the finance markets, this has taken the shine off some of this months profit's, but we accept that, it's called trading, we take the good with the bad.
The consensus's in the Australian market is we have just about hit the up curve in the U.
Other than more % increases in our mortgage belt through the Reserve Bank, we have just about exhausted all of the bad news.
I'm sure our American cousins would agree, only they have a real-estate turn down, too boot.
TRADING RESULTS.
Our trading in RWC 1 with the buying and selling of stocks, and options has held up remarkable well considering the volatility.
All the remaining positions in RWC 2 have various closing date's we move these in line with market conditions, we will see better returns as this market picks up.
RWC 1 February results are + 2.6% Gross.
RWC 2 February results are +2.2% Gross.
WAR CHEST.
We have consolidated our new funds into a war chest, so as to be in the best position to buy into this market, I'll say it again if you have spare capital give it a thought,
Don't be like most people, crying into their beer wishing they had bought into the market at the bottom, because we feel it's there now.
WITHDRAWALS
Please be aware there is a time lag of 30 days on withdrawal requests, keeping in mind all funds go back into trading by the 10th of each month, all requests after that date will roll to the following month, as per the terms in our web page.
This business is designed to help us in our retiring years, and is not put together as short term quick profit sort of business.
Till next week Keeping the dream alive. Dave & The RWC Team.