Moomin Valley

Personal Finance, Investing, and Economics

Friday, November 30, 2007

Trading Update

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This month's trading result is again negative due to a few big losses . But this week (so far) is the best individual week since May, wh...
Thursday, November 29, 2007

Update on Goals

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I've kept the 2007 goals on the sidebar but I've taken down the goals for 2008 and beyond as they are looking increasingly unrealis...
3 comments:

Is that the Bottom?

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Howard Lindzon is calling a bottom in the stock market here. Is this the bottom? My model appears to be exiting the noisy conditions that m...
Sunday, November 25, 2007

Australian Election

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I voted yesterday in the Australian Federal Election. Snork Maiden came along, even though she can't vote here, and I was surprised to f...
2 comments:
Friday, November 23, 2007

Searching NetWorthIQ by Country

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Networth IQ has finally added the ability to search by country . Not surprisingly, Australia seems to be the best represented country outsi...
2 comments:
Tuesday, November 20, 2007

Monday Night Trading

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I lost money today, but not too badly which was partly the result of a little skill and a lot of luck. Again I got too caught up in thinking...
Monday, November 19, 2007

Petrol Consumption

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Amazing that Australia uses more petrol than France that has three times the number of people. Price of filling up a Honda Ciivc here is cur...
6 comments:

Big Picture Update

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A good article about where we currently seem to be in somewhat longer term market cycles. I am also looking for the market to go down after...
Saturday, November 17, 2007

Change of Trading Tactics

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Since the big loss on Tuesday I've swtiched trading tactics. I now plan to do pure day-trading in the near term - only betting on the di...
1 comment:
Friday, November 16, 2007

Day Trading Environment

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Current market conditions are only suitable for day trading in my opinion. The SPX model has been stopped out (1.25% or greater market move ...
Thursday, November 15, 2007

Globex Glitch Trade

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Some glitch took down Globex (the Chicago Mercantile Exchange's electronic futures trading platform). I was actually watching the open o...
Wednesday, November 14, 2007

Starting Over

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All my stuff that I shipped from the US was delivered this morning. I haven't done any unpacking yet apart from removing and throwing aw...

The Problem is Me

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It's not the market nor the model, the problem is me. I just suffered my second worst loss per contract since I started trading futures....
3 comments:
Tuesday, November 13, 2007

Effect of Exchange Rate Fluctuations on Returns

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My recent net worth reports have shown huge fluctuations due to the volatility in the Australian Dollar-US Dollar exchange rate. Returns ar...
2 comments:

Stuff Arrives

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Just got a call from the shipper this morning. They will deliver my stuff tomorrow. They could have done today but I need to accompany Snork...
Monday, November 12, 2007

Model Facing a Crisis

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My trading model has been performing poorly in recent months - the model is frequently stopped out - the market moves more than 1.25% in the...
2 comments:
Tuesday, November 06, 2007

Need to Focus on Trades with an Edge

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This morning I fell victim to over-trading/over-confidence. I had been doing pretty well this month so far and then decided to make a trade ...
1 comment:
Monday, November 05, 2007

Price Dispersion

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This is purely anecdotal, but it seems to me that there is more "price dispersion" in Australia than in the US. Price dispersion ...
Saturday, November 03, 2007

Writing Off Croesus Mining

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I finally decided to write down Croesus Mining's value in my accounts to zero. The stock was suspended from trading ont he Australian St...
Friday, November 02, 2007

October 2007 Report

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All figures are in US Dollars (USD) unless otherwise stated. This month saw a record gain in net worth in US Dollar terms, mainly due to the...
1 comment:
Thursday, November 01, 2007

October Trading Report

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This month was again a poor one for trading and a good one for investing. It's somewhat arbitrary what I count as an investment and what...
Tuesday, October 30, 2007

Optimally Using Multiple Indicators

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I've tried estimating a single model for both the NDX and SPX. The rationale was that taking itno account the correlation between the in...
Friday, October 26, 2007

Sold Half My IBKR

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In after hours following the earnings release. I've long wanted to reduce my position for a decent price. I may buy back later if the pr...
1 comment:
Wednesday, October 24, 2007

Trading Update and Travel Finance

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Fifteen minutes is a tricky thing. It caused me to miss Apple's spectacular post earnings rise yesterday. But I still captured some of ...
1 comment:
Monday, October 22, 2007

Fifteen Minutes

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Not of fame but of volatility. Something that I am gradually (and painfully) learning is it often pays to wait 15 minutes after news is anno...
1 comment:
Sunday, October 21, 2007

Choosing a Superannuation Asset Allocation

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I checked out the "product disclosure statement" a.k.a. prospectus for Snork Maiden's superannuation fund a.k.a retirement ac...

Payment Difficulties

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We got our Australian credit cards (credit limit $A3,000) and immediately put $A1,550 of the outstanding balance for the car onto it. We nee...
Friday, October 19, 2007

Biggest Purchase Ever

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After some more to-ing and fro-ing and a couple of car inspections we bought the red car . It was either that one or the next model up from ...
1 comment:

Pro Forma Earnings :(

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I got messed up by this again today. I decided to play the Google earnings announcement. Up pops the EPS number on the Dow Jones newswire: $...
Thursday, October 18, 2007

Couple of Trades

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Did an NQ trade tonight (Wednesday morning in the US) that got back what I lost last Friday. This was an "overnight trade" though ...
Wednesday, October 17, 2007

More Test Driving

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Today, Snork Maiden got to drive a Holden Commodore (employer's car), a Ford Taurus (1997 model), a Holden Vectra, and a Ford Falcon (20...
2 comments:

Trading Strategies

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I'm putting together a suite of several different trading strategies. Diversification is good as it leads to more stable returns. Here a...
1 comment:
Tuesday, October 16, 2007

Accounting for a Car

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I've been thinking some more about how to account for a car in net worth and spending following my discussion with commenters on this po...
3 comments:

The Secret of Technical Analysis

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I understand technical analysis to be any method that attempts to predict market moves based on past price and volume action rather than fun...
Sunday, October 14, 2007

Test Drive

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We almost bought this car. As I write we have a 24 hour deposit on it. But after reviewing lots of websites we decided against it. We were ...
Saturday, October 13, 2007

Made a Trade

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And promptly lost. But everything wasn't bad about this trade. The model was short and I went short. I waited for the index to rise to w...
Friday, October 12, 2007

Can't Pull the Trigger

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Or press the button, or whatever. I've been tracking the market closely for a few days now, keeping the model updated etc. Last night in...
1 comment:
Thursday, October 11, 2007

Buying a Car?

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Looks like some of the cash I discussed yesterday will go towards buying a car. We've been debating how much needs to be spent on a car....
10 comments:
Wednesday, October 10, 2007

Allocating Cash

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We are about to receive a refund from Snork Maiden's employer of moving expenses. They've agreed to pay more than originally propose...
1 comment:
Monday, October 08, 2007

I Didn't Hear it on the Grapevine

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This morning I couldn't access the internet at all. After playing with all kinds of hardware and software settings for maybe an hour I p...
4 comments:
Thursday, October 04, 2007

September 2007 Report

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All figures are in US Dollars (USD) unless otherwise stated. This month saw very positive investment performance in USD terms, due to the sh...
2 comments:
Wednesday, October 03, 2007

A More Realistic PPP for Australia

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PPP means purchasing power parity. At least that's what it means in economics. There are the regular market based exchange rates between...
3 comments:
Monday, October 01, 2007

Two Weeks in Australia

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We've been here more than two weeks now and the frenzied phase of getting a household set up is winding down. We returned the hired car ...
Friday, September 28, 2007

Dot AU

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We got into our apartment today, spent a huge amount of money on appliances, furniture, etc. and got the phone and internet running. The las...
6 comments:
Thursday, September 27, 2007

Do You Have a Chequebook?

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Met up with a second friend (T) last night. He brought with him all my mail - I've been using his address as my address in Australia unt...
2 comments:
Wednesday, September 26, 2007

Follow Up

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My friend sent me an e-mail today. He starts: "this isn't meant to put any more pressure on you".... "but we have a tempo...
5 comments:
Tuesday, September 25, 2007

Get a Job

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Yesterday lunchtime, we met with one of my friends here at the "Labor Club". In the "old days" we used to hang out at th...
2 comments:
Monday, September 24, 2007

Beginning to Relax

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After the first week here we are beginning to be able to relax a little. We saw Parliament House, Floriade (and annual Spring flower festiv...
Sunday, September 23, 2007

Optimism and Pessimism About Finances

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It is easy to be optimistic about your financial situation when you are looking at projections of future finances. Well, as long as that is ...
1 comment:
Saturday, September 22, 2007

Friday

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We got all our utilities ordered, though to actually get phone/internet service a guy needs to come out to the unit. Likely we won't hav...
2 comments:
Friday, September 21, 2007

Rented Apartment Moving On To Next Steps

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We signed the lease on an apartment yesterday but can't move in till next Friday. They approved our application without even apparently ...
3 comments:
Tuesday, September 18, 2007

Not Very Frugal

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We looked at 4 apartments today ranging in rent from $A290 to $A450 per week. We only looked at the $A290 one to see what you could get for ...
1 comment:
Monday, September 17, 2007

Househunting

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Today we saw one apartment and one house. The apartment was in a brand new luxury building. Rent $A450 per week ($US1666 per month). It was ...
3 comments:
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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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