Hit and run: my investment selling of 2010 in review

Back in 2009, Shirley Won had reported the extraordinary result of the Creststreet Alternative Energy Fund. Despite the recession that was hitting worldwide, the Creststreet Alternative Energy Fund, under Steve Martin management, had reported gains of 94%.

Following my search and after reading about the Creststreet Alternative Energy Fund and his young manager (in 2009, Steve Martin was only 28 years old!), I decided to invest in the Creststreet Alternative Energy Fund. I initially invested 1 000$ in the Creststreet Alternative Energy Fund. I was in heaven. In my mind, the Creststreet Alternative Energy Fund was going to be the investment that was going to double the value of my initial investment. I never had any doubt on Steve Martin skills, even while knowing so little about the majestic.

Steve Martin had joined the Creststreet Asset Management Ltd. in 2005. But on February 2010, Shirley Won announced Steve Martin departure of Creststreet Asset Management Ltd. In result, Steve Martin was leaving behind the management of Creststreet Alternative Energy Fund. Oh noooooo!

I took time to study my options. After what, I decided to sell the units I was holding of the Creststreet Alternative Energy Fund. I sell my 29.229 units for 1 110.69$, making a cutty profit of somewhere of 100$. Selling my units of the Creststreet Alternative Energy Fund was a good decision to take. Following Steve Martin departure, the value of the Creststreet Alternative Energy Fund take a plunge. The Creststreet Alternative Energy Fund later catch up, but without Steve Martin, my interest wasn't there anymore.

2010 selling(s) in a flashback...

Basically, the Creststreet Alternative Energy Fund was the only investment that I sell in 2010.