Moomin Valley

Personal Finance, Investing, and Economics

Sunday, August 31, 2008

Carbon Planet

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Carbon Planet is a privately held Australian company "whose mission is to enable every individual and business on the planet to manage...
2 comments:
Saturday, August 30, 2008

Preliminary Report for August

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August was an OK month and better than recent months. Our investment return was around 5% in Australian Dollar terms, 3% in currency neutral...

Leveraged ETFs

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A lot of nonsense is written about leveraged ETFs (ETFs that usually provide 200% long or short exposure to a given index) on the internet. ...
Friday, August 29, 2008

Which Type of Hedge Funds Give the Most Diversification Benefits?

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I recently read a very interesting article about using hedge funds to diversify that was discussed by AllAboutAlpha . Adding hedge funds to ...
Thursday, August 28, 2008

Recent Moves

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I sold out of NNDS and PSPT because the expected rate of return until the takeover deals close is less than my rate of margin interest. Yes ...
Wednesday, August 27, 2008

Glaring Market Inefficiency

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Allco Equity Group continues to trade at a ridiculous valuation of $(A)1.75 per share while having net assets of $4.76 per share. The value ...

Where Do Visitors to Moomin Valley Come From?

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Sydney and Canberra are joint most popular cities - I do eliminate my own visits but not any Snork Maiden does from work :) New York is the ...
Tuesday, August 26, 2008

Qantas Chart

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This is a pretty classic inverted head and shoulders. The target is around $4.50 if it plays out.

Managed Futures Funds

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The Australian Financial Review recently (16-17 August edition) highlighted two lesser known managed futures funds offered in Australia that...
1 comment:

US and Australia Sign Deal on Financial Markets Access

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Does ">this mean that Australians will be allowed to buy unlisted US mutual funds? Or does it only cover exchange traded products? ...
Wednesday, August 20, 2008

Attitudes to Money and Gifts

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As I've mentioned we're going to China later this year. Yesterday Snork Maiden's mother told her she wants to give her or us a t...
4 comments:

Large European Listed Private Equity Firms

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The firms discussed in this post are the European firms among the top 10 in the LPX index . I've already covered (and invested in) 3i -...
Tuesday, August 19, 2008

Are Australian LICs Better Investments than Index Funds?

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There are many "listed investment companies" (LICs) in Australia, which are similar to closed end funds in the US with the differe...
2 comments:
Monday, August 18, 2008

How Come Australia Has Less Government Spending than the US and Has Free Healthcare for All?

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Following up from my comments on this post of Madame X, I thought I'd have another go at comparing Australian and US government spendi...
1 comment:
Sunday, August 17, 2008

3i vs SVG

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After finding that I couldn't invest in the Bear Stearns and Lehman Brothers funds I considered investing in two large UK listed privat...
Saturday, August 16, 2008

The Best Private Equity Funds Show Persistence

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There has been endless debate about whether the best mutual and hedge fund managers show real skill in terms of being able to achieve persis...
Friday, August 15, 2008

Listed Private Equity Newsletter

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LPX is a global index of listed private equity firms and funds. Though I can't find a public source for the fifty stocks composing the ...
Thursday, August 14, 2008

UK Listed Private Equity Strongly Outperforms Public Equity

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Source . This chart explains why this sector is so interesting :)

U.S. Listed Private Equity

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In case you didn't know, there is a U.S. Listed Private Equity ETF . The problem is that many of the companies on the list are not even ...

Interactive Brokers Can't Add Private Equity Stocks

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Unfortunately, Interactive Brokers can't add the two private equity stocks I discussed on Tuesday and Wednesday . The reason given for ...
Wednesday, August 13, 2008

Bear Stearns Private Equity

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I bet you thought that Bear Stearns ceased to exist? This fund, though now managed by J.P. Morgan, retains the Bear Stearns name. Like the L...
Tuesday, August 12, 2008

Lehman Brothers Private Equity

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Lehman Brothers Private Equity is a closed end fund trading on the Amsterdam/Euronext exchange. It's only a year old. As the chart above...
Monday, August 11, 2008

Listed Private Equity

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I'm researching potential listed private equity investments. Currently I have a little under 7% of net worth allocated to private equity...
4 comments:
Saturday, August 09, 2008

Good News for Temporary Residents

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On Friday the Australian government announced that they are backing down on their plan to grab temporary residents' superannuation cont...
2 comments:

The Rich Don't Focus on Real Estate

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The Australian data above from the Tax Review as well as US data I've seen before refute a myth popular in get rich quick circles that ...
3 comments:
Friday, August 08, 2008

Arkmile Calls Off its Wind-Up Action

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Challenger and Arkmile call off their legal action against each other and Arkmile drops its call for a meeting of shareholders and promises...
2 comments:

Why is "The Motley Fool" Still in Business?

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I've always wondered how "The Motley Fool" remains in business since the 2000-2002 bear market. Many of the companies they pra...
1 comment:
Thursday, August 07, 2008

Breakout

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The NASDAQ 100 finally broke out the range it was stuck in for the whole of July. If this was an inverted head and shoulders formation (It d...

Distribution of Australian Net Worth

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Another highlight from the tax review are these charts of the distribution of net worth and income in Australia. The chart above shows the m...
2 comments:
Wednesday, August 06, 2008

Architecture of Australia's Tax System

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The first stage of the Commonwealth Government's tax review was released today. The 366 page document describes Australia's tax and...

Carpet Cleaning

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I hate wall to wall carpets. Some people tell me: "all you need to do is vaccuum clean them" but I find they are extremely hard to...
2 comments:
Tuesday, August 05, 2008

PeopleSupport Sells Out for Lower Bid

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PeopleSupport received a takeover offer for $12.25 per share from Indian conglomerate Essar. This is a premium to recent prices but below a...

July 2008 Report

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Another bad month but not as bad in terms of absolute returns as July. However, the month was worse in risk-adjusted terms. In the chart, mo...

Applied for Chinese Visa

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I finally got everything I need together and went to the Chinese Embassy (pictured above) today to submit my visa application. This is the f...
2 comments:
Friday, August 01, 2008

Was Snork Maiden's Superannuation Grabbed Already?

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No contributions were paid into Snork Maiden's superannuation (retirement) account during July. We checked her payslip online and contri...

Frustrating Month

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But at least it was better than last month. On the other hand I'm going to record "trading" losses for the first time in six m...
Thursday, July 31, 2008

Arkmile Sets Up Challenger Infrastructure Fund Website

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Arkmile is calling for the winding up of the Challenger Infrastructure Fund (CIF.AX) - sale of the assets and the distribution of the result...
Tuesday, July 29, 2008

:(

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61 of 84 Starbucks stores in Australia will close , including all stores in the Australian Capital Territory :( These are the only non-US st...
2 comments:

Snork Maiden Granted Temporary Visa

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Some good news - Snork Maiden got a letter today from the Australian Immigration Department granting her a temporary spouse immigration visa...
1 comment:
Wednesday, July 23, 2008

Superannuation Handbook 2007-08

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I just finished reading The Superannuation Handbook 2007-8 by Koken and Smith. It is a pretty comprehensive coverage of Australia's ver...
Friday, July 18, 2008

Thinking Things Through

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I'm continuing to think things I discussed in recent posts . I clearly can't handle the medium term (from more than a day to month...
5 comments:
Sunday, July 13, 2008

How Much Will It Cost to Visit China?

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More than I was expecting... We decided to fly via Hong Kong as Snork Maiden doesn't need a visa to visit there (she's a PRC citizen...
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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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