Lance Lai

Lance Lai

Switzer Expert

Read Lance's Profile

Lance Lai has had extensive experience in the Australian investment and commercial environment over the past 18 years. He is the Chief Investment Advisor to ACE Capital Management Limited a private investment company for sophisticated Japanese investors.

His present and past experiences are as follows:

Chairman and Chief Investment Officer of Accountancy Invest Funds Management Pty Ltd. A private investment company founded 2004.

Founder of Accountancy Invest Pty Ltd – Chartered Accountants, accountancy practice in North Sydney, specialising in accounting and tax work for investment clients since 1998.

2006 – present: Finance Chair of the Entrepreneurs’ Organisation (EO) – Sydney Chapter. EO is a global entrepreneurial organisation where membership is via invitation.

1990 – 1995: Deloitte Touche Tohmatsu, admitted as a Chartered Accountant in 1993 specialising in financially distraught company work outs. Specialties, include the clothing industry (manufacture and retail), clubs and bars, restaurants and commercial properties.

Latest Commentary

Chart of the week: Kingsgate and gold

Print this article

Update on Gold Position

In my gold update dated 14 June 2012, had a 20% buy at $1,616 and an accumulation of another 30% at $1,574 should it get there (with stop loss at $1,518).

On 21 June 2012, gold reached a low of $1,564, so our next 30% would have been bought. Gold fell as low as $1,547 on 28 June, and now sits at $1,598. Our stop loss was never activated.

I would buy another 20% now, at $1,598, taking the accumulated position size at 70% with an average entry price of $1,592.85.

You need to be a Switzer Super Report subscriber in order to read further. Please enter your Subscriber details below.

Sign in

Become a subscriber today!