Moomin Valley

Personal Finance, Investing, and Economics

Thursday, May 31, 2007

Simulated SPI Trading

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When I get worried about something I tend to do some research on the issue to reassure myself that it's not a real problem. So in this s...
1 comment:

Soul-Searching

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I envy people who seem to know what they want out of life. I'm confused. When I'm trading instead of focusing on my job and on acade...
4 comments:
Tuesday, May 29, 2007

Doing My Taxes

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Finally getting around to this. One advantage of moving to Australia will be simpler tax rules and forms though at higher income levels the ...
4 comments:
Sunday, May 27, 2007

Thinking About the Future

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Is something some people think I do too much of. Too much thinking about possible outcomes can result in "analysis paralysis". How...
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Saturday, May 26, 2007

Shanghai Volume

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This chart is from Maoxian's blog . It just shows volume of the Shanghai A shares. It does not include the Shenzhen market which is smal...
Friday, May 25, 2007

Persistent Overbought State Clearing?

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It's looking like the market will begin a new upswing about Wednesday next week. It's also looking like the persistently overbought ...

Australia

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Snork Maiden was offered the job in Australia. But she still needs to do a phone interview with the guy in Arizona next week. Looks like sh...
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Thursday, May 24, 2007

Ditto

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Yes it (SPX) failed for a third day in a row to close at a record high after trading higher intraday. The model switched to short in the ear...
Wednesday, May 23, 2007

S&P 500 Fails to Close at Record High

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for the second day in a row. Today and yesterday the SPX traded above it's record closing high from 2000 but closed below it. The NASDAQ...

Bureaucracy

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On May 16th the U.S. Consulate in Sydney mailed a letter to my lawyer here in the U.S. with the date for my interveiw for green card visa. J...
3 comments:
Monday, May 21, 2007

Financial Disclosure

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Ron Paul's financial disclosure statement . Apart from cash, he mainly owns real estate, gold stocks, and bear funds. A surprising (to m...
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Wednesday, May 16, 2007

Private Equity

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Thought I'd follow up my recent investment in a listed private equity fund with some thoughts on private equity. It certainly is "...
4 comments:

ETF Cheat Sheet

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This ETF cheat sheet is very helpful. This one only covers the US market. Bespoke plans on coming up with a cheat sheet for international E...
Tuesday, May 15, 2007

Allco Equity Partners

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This evening I am buying 4000 shares of Allco Equity Partners . They are trading for $A3.87 per share so that is an allocation of about 3% o...
1 comment:

Update

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Today went pretty well. I started the day with some horribly losing positions and closed them for a profit (kind of - by making one much big...

Taking Over a Mutual Fund

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An interesting story concerning the manager of the TFS Market Neutral Fund, which I am invested in . Marketers and managers of funds can be...
3 comments:
Monday, May 14, 2007

Chinese Stock Market Update

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Shanghai opened down and Hong Kong up on Sunday night just like I expected. But then the Shanghai market quickly reversed to the upside. Th...
Sunday, May 13, 2007

Market Update

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The bull market remains intact - the model is indicating that overbought conditions will persist next week. We might be very close to the fi...
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Saturday, May 12, 2007

Drawdown

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That's what traders call it when they are losing money and their account is going down... I'm down 15.9% on my trading capital so fa...
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Thursday, May 10, 2007

Google World Update

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I now found that most large US cities have some realistic building models as do some famous world cities - I checked out Sydney, Hong Kong, ...
Wednesday, May 09, 2007

Magazines Meme

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Clifford tagged me with the magazines meme. So here goes: 1. Barrons - I have a subscription and read it online now. 2. Scientific American...
Monday, May 07, 2007

Google Earth's Latest Cool Feature

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As I mentioned that I was obsessed with Google Earth, I have to share with you the latest cool feature I discovered. Many of the buildings ...
4 comments:
Sunday, May 06, 2007

Passive and Trading Income

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I was wondering where I was at so far this year (first four months) regarding passive (nothing to do with " passive investing ") a...
2 comments:
Friday, May 04, 2007

Interactive Brokers IPO Prices at $30

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So I have been allocated 200 shares! Looks like they'll start trading on Friday .
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Passive Investing and Entrepreneurship

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Many personal finance bloggers and personal finance gurus are in favor of passive investing. Invest your money in the market portfolio rathe...
5 comments:
Thursday, May 03, 2007

Junk Stocks, Bad Trades, and Complicated Security

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Several themes today.... I bought 25,000 shares in FLIP.OB , aka FTS, this morning. Yes it's a penny stock. Literally. I bought at 1.84 ...
4 comments:
Wednesday, May 02, 2007

April 2007 Report

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All figures are in US Dollars unless otherwise stated. This month saw very strong performance, which has been the case for the last several ...
1 comment:

Separately Managed Accounts

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I logged into the smaller of my Mom's new accounts for the first time since we started investing with a certain manager of separately ma...
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Tuesday, May 01, 2007

Symbion Again in Merger Talks

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Symbion Health (SYB.AX) is again in merger talks. There is a bid from Healthscope (HSP.AX) and a couple of private equity firms that values...
1 comment:

That's Insane

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Said Snork Maiden. This was when I told her the difference in commissions between trading a stock index futures contract on the Sydney Futur...

Trading Result for April

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April turned out to be a good month in the end. I made $3278 from trading in my three US accounts. That's about a 10.9% rate of return (...
5 comments:

New Short: Salesforce.com

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An article in Barrons this weekend suggested that Salesforce.com ( CRM ) would be a good stock to short. As usual I checked out the financia...
Monday, April 30, 2007

Sydney Futures Exchange

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When I opened my account with Interactive Brokers I signed up to trade all electronically accessible US markets. But in fact one can trade m...
Sunday, April 29, 2007

Accounting for the Effect of Australian Superannuation Taxes on My Rate of Return

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The earnings of Australian retirement accounts, known as superannuation accounts, are taxed by the Australian government at 15%. Contributio...
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Thursday, April 26, 2007

Paid Off Balance Transfer

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I paid off my balance transfer on my Amazon.com Chase credit card. I've had a balance transfer for the last couple of years and have bee...

I Did Make a Trade After All

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Just before the close and going to my meeting of Graduate Porgram Directors I bought one Apple June $90 call. Looks like it worked out well....

Money Arrives

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The money arrived in my HSBC savings account today, even though 25 April is a public holiday in Australia (ANZAC Day). HSBC charge another $...
Tuesday, April 24, 2007

Token Arrives

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The "token" arrived from Commonwealth Bank in a bright yellow box with real Australian stamps stuck to it. Inside is this tiny ele...
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Sunday, April 22, 2007

Obsessions

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The Money Diva tagged me to write about my obsessions, obsessive thoughts etc: 1. Obviously investing and especially trading. Even though I...
2 comments:
Friday, April 20, 2007

Trading Update

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In the last couple of days I've wanted to place trades but just can't do it. Partly due to being up and then back to zero for April ...
2 comments:
Wednesday, April 18, 2007

IPO Update

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I just placed a couple of bids in the IB IPO. Very simple. I bid to buy 200 shares if the IPO price is $27 and below and 100 shares if it is...
3 comments:
Tuesday, April 17, 2007

Organizing

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That's the theme of the moment. 1. Have everything I need to fax in the stuff to set up the transfers from my Australian account to my U...
1 comment:
Sunday, April 15, 2007

Borrowing

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I still need to cover the trading, liquidity, and borrowing categories in my asset allocation series. Liquidity is pretty boring - I have ch...
Saturday, April 14, 2007

Moom vs The Model

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More dumb trading moves today and back to pretty much zero for the month. The chart is a regression of my monthly trading rate of return aga...
2 comments:
Friday, April 13, 2007

Pay Raise

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Today I received a letter from my Dean. The annual pay raise letter. This year's pay raise was 1.75% which is slightly better than last ...
14 comments:
Thursday, April 12, 2007

IPO

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I have an opportunity to participate in an IPO , in this case the IPO of Interactive Brokers - one of my US stockbrokers. When I lived in Au...
1 comment:
Tuesday, April 10, 2007

Can You Get at Your Money?

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This is the kind of problem that people that move internationally have. A little while ago I began to receive most distributions and divide...
4 comments:

Tax Extension

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Yes, I'm going to file an automatic extension. I just printed out the form. I think I am probably quite close to break even on my taxes....
2 comments:
Monday, April 09, 2007

Beta

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This part of my portfolio is where I hold traditional long-only mutual funds invested in stocks and bonds, I do modify my exposure to the st...

Industrial Stocks

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As I've mentioned many times, my investment style doesn't depend on being able to pick individual stocks which aren't in fact co...
Sunday, April 08, 2007

Moominhouse Fund

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Snork Maiden sent in the paperwork for setting up her Roth IRA :) The plan is to use these Roth IRAs a few years down the road to maybe buy ...
3 comments:

Real Estate Investments

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Continuing in the "passive alpha" theme we get today to my real estate investments. These include the TIAA Real Estate Fund, Newca...
Friday, April 06, 2007

Long-Short Funds

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I just saw an interesting post on levels of competence in investing. In this passive alpha section of my portfolio I am being an evaluator ...

Clime

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Another pair of fabulous twins today - Clime Capital ( CAM.AX ) and Clime Investment Management ( CIW.AX ). Clime Capital is the closed-end ...
Thursday, April 05, 2007

Everest Brown and Babcock

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This is my first post on a specific investment in my asset allocation series. Well, actually two investments: Everest Brown and Babcock ( EB...
6 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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