Saturday, June 14, 2008


Another goal completed, Friday, when we visited the Department of Immigration in Canberra to turn in Snork Maiden's immigration application and pay the $A2,060 fee. When processed they should award her temporary residence status in Australia. As a temporary resident you can work and receive government healthcare (Medicare). You can't receive other government benefits. After two years, our savings in health insurance should pay for the fee. Also after two years, they should grant her permanent residence in Australia and all rights apart from the ability to vote. Another two years on she should be able to obtain Australian citizenship with the obligation to vote and an Australian passport that allows visa free travel to most countries in the world. Still, today we were discussing maybe stopping off in another Asian country on our way back from China later this year. With an Australian work visa, getting a visa for Thailand, Singapore, or Hong Kong should be easy and the embassies are here in Canberra. I've been to both Thailand and Singapore as well as Malaysia. I'd like to visit Hong Kong some time, but no rush. Snork Maiden is most interested in visiting Thailand, I guess because that is the most exotic for someone from China.

The stockmarket finally has turned for the upside on Friday. This week, my trading was not at all good and by Thursday I was running three positions at close to $1,000 losses in each case. It was a rather anxious week. Friday night I got rid of a US futures position at a profit and my Australian futures (via a CFD) and US short options positions significantly improved. I'm not even calculating our current net worth or investment performance at this point in the month as I know they are so bad. I think Wednesday (Thursday in Aus) will be the low point for a while in the market. Wednesday was "Weird Wollie Wed" - the Wednesday of the week before US options expiry week. It seems the market often rises from there into options expiration and my model is now unequivocally pointing up.

1 comment:

Clifford said...

Congratulations! This is good news!