Hello
KDK Fund is happy to report that it has had an amazing time of it since it started back on March 23rd of this year. The fund is focused on building wealth through investing available (financial, human, networking, etc.) capital to companies and projects that match its value and profit potential pillars.
Notes
- The fund currently has investments in companies that are working on providing value in the areas of Climate Change through Hannon Armstrong and Hive Blockchain, Cryptoassets (think Bitcoin and Ethereum) mining through Hive Blockchain, DNA Therapeutics through Voyager Therapeutics, Space Travel through Virgin Galactic, and an SPAC (blank check company) through Social Capital Hedosphia with a focus on non-USA tech. Previous investments included one covering Lidar, an important component in autonomous vehicles through Microvision.
- From March 23rd, the fund has grown by 280%. There are a few reasons for this.
-
First, this quarter was the highest gaining quarter for the market since 1987. Most everyone made money if you were on the long side starting in March. This is not normal and not expected going forward.
-
Second, added funding came in from our partner KDK Options. The added volatility has increased their business. We are beneficiaries of their work as a percentage of their profits comes to the fund. Unlike the first point, we do expect higher capital funding from KDK Options going forward.
-
Third, we were able to find companies and projects to invest in that were hit hard in March, yet reached our target sell prices way sooner than expected. This allowed us to roll over the capital into other investments.
- We were also able to start the second of our investment goals; dividend paying investments supporting these initiatives. A link to that blog post can be found
here.
We are expecting the rest of the year to be an accumulation period for the fund. We plan to incorporate investments that we will be able to sell call options for extra revenue by the end of the year. Good luck to all.
**All posts on this blog are information and opinions only. They are not to be considered recommendations to buy or sell any security. Please do your due diligence first before trading and investing. Please direct all questions and comments to the blog, kdkfund@gmail.com, or on twitter @kdkfund.
