Moomin Valley

Personal Finance, Investing, and Economics

Wednesday, February 28, 2007

Recouping My Losses

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Today has helped me more than recoup my losses from the last big blow up . I closed out an overnight trade in NQ like 20 points ago so my IB...
4 comments:
Monday, February 26, 2007

Suze Orman is Extremely Risk Averse

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Suze Orman was interviewed today in the New York Times Magazine. I've read before about her extreme risk aversion. In the article she co...
9 comments:
Saturday, February 24, 2007

Snork Maiden's Taxes

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Looks like I will be doing Snork Maiden's taxes. The software she used last year won't let her file as a non-resident alien this yea...
14 comments:
Friday, February 23, 2007

New Trading Rule

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The big problem with my trading model has been that when the stochastic in the chart below is over 80 as it is today or under 20, I can'...
4 comments:
Tuesday, February 20, 2007

Credit for Federal Telephone Excise Tax Paid

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Now I know why I kept all my old telephone bills :) The standard credit for a single filer for the Federal Telephone Excise Tax Refund is $...
1 comment:
Monday, February 19, 2007

Wealth Cycle Investing

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Since Millionaire Artist wrote that Loral Langemeier's "Wealth Cycle Investing" was a very foreign in approach to her, I wa...
8 comments:
Sunday, February 18, 2007

Should You Rely on Trading Test Statistics?

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Henry Karstens recently posted a primer on testing strategies. A key indicator is what he calls "optimal f" which is related to t...
Thursday, February 15, 2007

Uh-oh Another Blow-Up

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Things were going very well this year until today. My trading was awful today and I've probably lost the profits I made this month so fa...
6 comments:
Sunday, February 11, 2007

Trading Performance Update

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My results since I made this post about money management strategy have largely confirmed what I wrote there. My system mainly produces winn...
4 comments:
Saturday, February 10, 2007

Penny Options Trading Gets Underway

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Today was the first day on which U.S. exchange traded options (ETOs) in QQQQ the NASDAQ 100 ETF can be traded in penny increments. Up till n...
Thursday, February 08, 2007

My First "Carnival"

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Believe it or not, this is the first "carnival" I've ever participated in: The first edition of 30s and 40s Personal Finances:...
1 comment:
Saturday, February 03, 2007

January Report

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Income and Expenditure Expenditure was $US2,515 - 76% of take home pay ($3,299). Expenditure is up this month because of paying for flights ...
Friday, February 02, 2007

Floridian Frugality?

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Posts by Cliff and Nirav about frugality and buying luxury on the cheap got me inspired to write something about "frugality" mys...
7 comments:
Thursday, February 01, 2007

Looks Like January was a Great Month

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In order to keep on track for my 2007 goal of reaching a net worth of $470,000 I needed to reach $374,000 this month. It looks like I am nor...
5 comments:

Paying for Grad School

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A good article about whether to pay for a graduate degree. My usual advice is if you aren't going to do a degree in a lucrative and/or ...
7 comments:
Wednesday, January 31, 2007

A More Sophisticated Approach to Portfolio Construction

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I don't think this article is as novel as the author and the blogger are making out. All it really says is build a balanced portfolio o...
2 comments:
Tuesday, January 30, 2007

Merger Mania

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Two of my stocks are now in merger talks: Powertel - a small Aussie telecom firm - and Symbion Health - an Aussie healthcare firm (what el...
2 comments:
Monday, January 29, 2007

Indexing vs. Active Management Again

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New research attempts to do a better job at assessing whether indexing or active management performs better for long-only mutual funds. The...
Sunday, January 28, 2007

Don't Worry So Much About Saving Enough for Retirement

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The NY Times discusses something I have commented on from time to time. Most people in the US end up saving enough for retirement. Poverty ...
5 comments:
Friday, January 26, 2007

Overnight Trading Proving its Worth

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I'd credit a signficant portion of the rising profits I blogged about in yesterday's post to adoption of the overnight trading tac...
3 comments:
Wednesday, January 24, 2007

IB Account Profit and Loss Curve

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The chart shows the cumulative profit in my Interactive Brokers account since I opened it in late October 2006 trade by trade. All closed tr...
2 comments:
Tuesday, January 23, 2007

Cushion of Profits

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I've managed to build my Interactive Brokers account which I use for trading futures up to $12,000. I originally put $10k into the accou...
Sunday, January 21, 2007

Small Caps and Small Funds

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Following up from the discussion about mutual fund costs , Friday's WSJ had an article about top performing small cap funds (pointed out...
Wednesday, January 17, 2007

Five Things You Probably Don't Know About Me

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I finally got tagged by Clifford with this so-called "meme" that is all over the blogosphere. So here goes: 1. I was born on the ...
3 comments:

Blame it on the Nucleus Accumbens

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My insula must be very active!
Monday, January 15, 2007

Mutual Fund Costs are not Important!

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I'm fed up with hearing how people should look at the expense ratios of mutual funds when deciding which to invest in as if that was the...
6 comments:
Sunday, January 14, 2007

The Croesus Mining Saga Continues

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It now looks like Croesus mining shares will again be traded on the Australian Stock Exchange. A reverse split of 1 for 15 and a new capita...
Friday, January 12, 2007

Nobody Ever Went Broke by Taking a Profit, or Should you Let Your Winners Run?

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Beginning (and more experienced traders too) are often confused by the conflicting advice they get from different sources. Some argue that b...
Thursday, January 11, 2007

Annual Report 2006: Part V

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I promised that yesterday's post would be the last in this series, but then I came up with a new idea: the contribution of each security...
Wednesday, January 10, 2007

Annual Report 2006: Part IV

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This is the final part of the annual report where I review my current investment allocation and strategy: This is a screen shot of part of t...

Weak Economy, Low Inflation, Record Low Bond Yields?

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John Mauldin forwarded his subscribers (subscription is free) an interesting article by Hoisington and Hunt today. They point to low inflat...
Monday, January 08, 2007

Annual Report 2006: Part III

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The following table compares my rates of return on investment to the MSCI World Index and the S&P 500 Total Return Index: Both those ind...

Sold Telecom NZ

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I sold all my shares in Telecom NZ . I've owned this stock since 2000 when they took over AAPT - an Australian telecom start-up which I ...

Annual Report 2006: Part II

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A focus of many who seek financial independence is building passive income. Payments that come without you having to do any work for them. M...
Sunday, January 07, 2007

Annual Report 2006: Part I

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This is my first annual report. I covered some basics a few days ago . Here are the more or less final numbers for income, expenditure, and ...
2 comments:

Changing Distribution Method

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I've decided to stop reinvesting the distributions from my non-retirement Australian mutual funds managed by Colonial First State and re...

December Report

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Got back Friday from a long trip to Vermont and am getting up to speed - the coming week will be spent mainly on preparations for teaching t...
Monday, January 01, 2007

Accounts Restatement

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As I am tidying up my accounting spreadsheets for the end of 2006 I am also fixing some issues from the last several years. The major issue ...
2 comments:
Sunday, December 31, 2006

Missing Retirement Contribution

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My missing retirement contribution is now showing up on TIAA-CREF's website. But it's been parked in a money market fund despite my ...

TFS Capital Distribution

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So far I am very happy with my investment in TFS Capital's Market Neutral Fund . The fund distribution for 2006 has just been announced:...
4 comments:

Initial Assessment for December and 2006

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It will take quite a while it seems till I have final figures for December and 2006. One reason is that my supplemental 403b plan isn't ...
Friday, December 29, 2006

Hedged Trading

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Another new idea. Seem to be a lot of these as I struggle to find a method that fits my psychology well and uses the model signals. Trade 1 ...
Thursday, December 28, 2006

Buy Signal?

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NDX stock futures ran up a lot overnight but are now retreating. NDX needs to be about +5 from the close to trigger a crossing of the moving...
Wednesday, December 27, 2006

Pair Trade Update

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Just checking how the "pair trade" is working out. The concept was fine but if I think of just NCT and IYR in isolation I shorted...

NQ Chart

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A possible Elliott-Wave interpretation of the market action of the last month (using the NQ futures chart) ... we would be currently in wave...

Oversold!

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I just realized that in fact we are now in "oversold" conditions - the stochastic oscillator is below 20. This hasn't happened...
Monday, December 25, 2006

How Could I Add $105k to Net Worth?

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2006's results (to be reported in detail after January 1) were helped by foreign exchange gain and a small ($6-7k) inheritance amount. ...
Sunday, December 24, 2006

2007 Net Worth Goal

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Though we haven't yet completed 2006 I have added my 2007 net worth goal to the sidebar. $470,000. At this point I look like reaching $3...
3 comments:
Saturday, December 23, 2006

Overnight Trading

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I'm struggling to develop a trading strategy which won't involve me staring at the market all day. The idea behind developing the ...
2 comments:

Santa Rally?

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The market has been going up since July so maybe it is rather late in the day to talk about the "traditional" year-end "Santa...
Thursday, December 21, 2006

Don't Add to Successful Positions?

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Brett Steenbarger writes in his blog to take some profits when a trade works out. This seems to run counter to the idea of letting winners...
Wednesday, December 20, 2006

Volatile Weather and Markets and the Demise of Mutual Funds?

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This morning there was snow on the ground here in Burlington, VT and there were occasionally snow showers throughout the day. The markets op...
Tuesday, December 19, 2006

Closing the Australian Beta Trade

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As the model has now switched to sell, I closed out the Australian positions I opened to increase my portfolio's beta. The results are ...
3 comments:
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mOOm
I'm an economist and an active investor and currently live in Australia. I'm a global investor though I focus on investments in the Anglophone world and particularly in Australia. This blog tracks investment performance and discusses personal finance, investing, and trading from an economic perspective. In the picture, Moomin is looking for treasure.
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