Moomin Valley

Personal Finance, Investing, and Economics

Tuesday, July 31, 2007

Recovery

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I fixed the damage caused to my futures account on Friday and then some. HIgh volatility in today's session was very useful for this pur...
Saturday, July 28, 2007

That Was a Bad Idea

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It was a very bad idea to put so much reliance on an essentially untested or minimally tested model. The progress in winning back some profi...
Friday, July 27, 2007

Trying a New Way of Using the "Model"

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Just thought of a new way of using my model results and so am going to make a bold prediction for tomorrow. Direction: Up Predicted rise in ...
1 comment:

Five Years Ago Today

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I moved back to the US from Australia and now we are on the verge of moving back to Australia again. I produced a NetWorthIQ style snapshot ...
2 comments:

The Model Missed This One

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But Oscar was calling for an up day too, so I wasn't the only one. I made some money on the long side and then just when I realized tha...
Thursday, July 26, 2007

The Returns from Housing

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Following up from my recent posts I thought it would be useful to write down a simple equation that really sums up a lot about the decision ...
2 comments:
Wednesday, July 25, 2007

Wednesdays

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Maybe I should add this to my model? That is a huge effect not to be arbitraged away already. Weird.

Housing Simulation for Canberra

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I plugged the actual numbers for our own situation into my housing simulator. These include a 7% mortgage rate current in Australia, Snork M...
4 comments:

Renting vs. Buying Simulation

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It seems to me that the best way to address the financial aspects of the renting vs. buying conundrum is to use simulations. There are too m...
13 comments:
Tuesday, July 24, 2007

New Trading Strategy Working So Far/"Subprime Woes"

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My new trading strategy is to hold a minimal or small position overnight (currently equivalent to 1100 QQQQ shares) and to increase my posit...
1 comment:
Monday, July 23, 2007

How Will Moving to Australia Affect My Investment Choices?

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There are two main ways that an international move of this sort should affect investment choices: 1. Differences in tax policy - I don't...
Sunday, July 22, 2007

Buying vs. Renting Again

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A very good article on buying vs. renting.
Friday, July 20, 2007

Rule #1: Don't Lose Money

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Is a famous saying of Warren Buffett. Actually, it's OK to lose money as long as you don't lose too much. To illustrate this point I...
2 comments:

How Much Does it Cost to Move to Australia?

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I just agreed with a moving company to go ahead for an August 3rd pickup of my stuff. The cost: $4175 including insurance against loss for d...
2 comments:
Thursday, July 19, 2007

Need to Try Something Different

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Today was meant to be a big trading day with lots of news releases, the FOMC minutes, and Google earnings. But I didn't sleep last night...
2 comments:

Equity Curve Generator

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Corey linked to this interesting Applet . It seems to have some built in assumption about the variance of the amount won or lost. Plug in W...

Economics of Homeownership

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The naive thinking in this kind of article is just poor economics. It's the way most people think though. Yes it's true that the ho...
4 comments:

Umm

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Big down day in the market and I still manage to lose money going long... what is wrong with me? First two trades went OK but the third lost...
Tuesday, July 17, 2007

First Australian Futures Trade

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Did my first actual trade of the Australian Share Price Index Futures. Using my Interactive Brokers account and trading on the Sydney Future...
3 comments:
Monday, July 16, 2007

Trying to Model the All Ordinaries and S&P 500

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I tried applying the same model I am using for trading the NASDAQ 100 to the All Ordinaries and S&P 500. The results were very poor for ...
Sunday, July 15, 2007

Housing Preferences

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Been taking another look at Australian real estate sites for our desired location. We should be able to pay $A350-$A450 per week in rent ($U...
Saturday, July 14, 2007

Professional Trader?

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My first two weeks as a supposedly professional trader (as I'm no longer earning a salary) are not going well. I've lost $3800 or 16...
4 comments:

I Wasn't Paid

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today, which is great news. So I am effectively already on unpaid leave from my job. I went to the local immigration office this morning. Lu...
Friday, July 13, 2007

Terrminating Green Card Application

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Just faxed this letter to Sydney. Hope it does the trick. There is no point in pursuing a green card if I don't intend to stay in the US...
1 comment:
Thursday, July 12, 2007

June Report

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I finally have the data together in almost final form to be able to present to you my net worth and investment performance report for June. ...
Wednesday, July 11, 2007

Powercut

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We were going to spend yesterday on packing, dealing with Snork Maiden's visa issues and then maybe getting around to some work on her P...
Tuesday, July 10, 2007

Visa Application Lodged

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Anyway, yesterday, Snork Maiden finally got her visa application lodged for her work permit (457 Business Visa) for Australia. Her employer ...
Monday, July 09, 2007

Contingency Plans

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Latest development is I will meet the university's immigration lawyer (she also worked for me on all my visas) this coming Thursday and ...
3 comments:
Thursday, July 05, 2007

Do I Need to Go to Canada?

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In a couple of e-mails with the immigration lawyer over July 4th the conclusion seems to be that I should resign from my job ASAP. The neat ...
1 comment:

Independence Day

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It's July 4th and I'm at my office on campus. But strangely enough this is a sign that I am independent and free. To some degree. I...
2 comments:
Tuesday, July 03, 2007

Ups and Downs

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Feeling a bit down due to doing stupid trades against the model (I know these trades are wrong and stupid and still do them) I went downsta...
5 comments:
Monday, July 02, 2007

Update on Passive and Trading Income

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As June 30 is the end of the Australian tax year when mutual funds make major distributions and provide information on the tax treatment of ...
4 comments:
Saturday, June 30, 2007

Trading the Model: First Annual Report

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It's been one year now since I started trying to trade the model - time for an assessment. I didn't trade much this month but did p...
Friday, June 29, 2007

Flight Booked

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First day back home a lot got done, culminating in booking our flights to Australia for mid-September. We got a very good price via a websit...
Wednesday, June 27, 2007

How Big a Tip Did the Personal Finance Bloggers Leave?

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That will remain a secret (the bill was about $81) but there was no disagreement on that or how to split the bill :) Last night I met up wit...
3 comments:
Tuesday, June 26, 2007

Wall Street

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I wanted to post a blogpost from Wall Street, but Starbucks was too busy. I am at least writing this one at the intersecton of Wall and Broa...
Monday, June 25, 2007

Back in New York

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I'm back in New York (actually right now I'm in Jersey City which is a much cheaper place to stay but only two stops on the PATH tra...
Saturday, June 23, 2007

International Moves and Frugality

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I rarely post about the spending side of the equation but after spending yesterday working with Snork Maiden on move preparations I thought ...
1 comment:
Friday, June 22, 2007

Avoiding an Immigration Pitfall

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I suddenly realized today that if my employment terminates on June 30th my H1B status does too. There is no grace period to leave the countr...
Thursday, June 21, 2007

End of Negotiations

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My negotiations with my university didn't last long. They didn't budge at all and so I'm not going to budge either. I plan to re...
4 comments:
Wednesday, June 20, 2007

Back from the Trip, Meeting with Dean

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Yesterday afternoon we drove back from Boston after dropping my brother off at the airport. I think for all of us the visit to Gloucester wa...
Friday, June 15, 2007

On the Road

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I'm in Massachusetts now travelling with Snork Maiden and my brother who is visiting for just over a week. His first time in America (an...
2 comments:
Sunday, June 10, 2007

TD BankNorth Sucks!

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Snork Maiden has a savings account with TD BankNorth. Don't worry, she also has one with HSBC but keeps this one because her pay is paid...
3 comments:
Friday, June 08, 2007

Evidence on Overnight Trading

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Interesting evidence on why overnight trading and closing the trade within the first hour or so is a good strategy when using directional t...
2 comments:

Australia: Part III

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Today we got the formal offer letter from the Australian position. It's OK - just need to push the start date off by about a month to 1 ...
Thursday, June 07, 2007

Australia: Part II

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Some reasons why we've decided to move to Australia: 1. So far it's the only good job offer that Snork Maiden has received. There ar...
5 comments:
Wednesday, June 06, 2007

Rick's Cabaret

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New investment: 500 shares of Rick's Cabaret . Wallstrip umm "profiled" it and I checked out other blogs and the numbers and ...
4 comments:
Tuesday, June 05, 2007

Australia: Part I

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We have pretty much decided to move to Australia though we still need to work out/negotiate all the details. I'll explain in another pos...
8 comments:
Sunday, June 03, 2007

May Report

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All figures are in US Dollars unless otherwise stated. This month saw weaker performance especially when compared to the market, but net wor...
3 comments:
Friday, June 01, 2007

May Trading Performance

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The model had its first losing month in a long time. It ended down -0.87% on the month while NDX gained 3.24%. However, my trading accounts ...
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...
2 comments:
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...
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About Me

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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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