Moomin Valley

Personal Finance, Investing, and Economics

Thursday, April 30, 2009

I Got Paid!

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Finally. It's two months worth of pay. I paid off the credit card bill which was around $A3,800. Now we have $A6,000 worth of borrowing ...
1 comment:
Wednesday, April 29, 2009

Target Portfolio and Asset Class Performance: Australian Style

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As promised this post looks at the performance of our target portfolio from the perspective of an Australian investor. As I did in a post i...

March 2009 Final Performance Report

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Now all the unlisted fund returns are in for March I can present the final performance numbers. Australian Large Cap stocks, mainly via the ...
Tuesday, April 28, 2009

Asset Class Performance Through the GFC

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This post follows up with the performance in the last 4 month of the asset classes I discussed in the context of endowment style portfolios ...
Sunday, April 26, 2009

You Don't Have to Pay Cash to Save by Paying Cash

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A phenomenon we've encountered in Australia but didn't see in the United States is discount department stores that give a lower pric...
3 comments:
Tuesday, April 21, 2009

Take an Economics Test

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U.S. High School "Advanced Placement Economics Test courtesy of the New York Times. I got 18/18 but for a couple of questions that was...
3 comments:
Monday, April 20, 2009

Transferring TD Ameritrade Account to Interactive Brokers

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As there is so little in both my US brokerage accounts, I can't see much sense in keeping both open. Though Interactive Brokers charges ...
1 comment:

Sold Some Platinum Capital Shares

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I sold some shares in Platinum Capital (PMC.AX) to bring my allocation to the fund back under 5% of net assets and the gross asset allocatio...
Sunday, April 19, 2009

Monthly Automatic Saving

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The table shows our total automatic saving on a monthly basis. Unisuper and PSS(AP) are superannuation funds - the Australian equivalent of...
Thursday, April 16, 2009

Hedge Fund Returns for March 2009

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Credit Suisse/Tremont have lowered their estimate of hedge fund returns for March to 0.68%. HFRX have not changed their estimate from -0.03...

Investment Choice

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In this final post in this series I'm going to look at the investment choice in my super fund. You can either choose a preset mix of a...

Defined Benefit vs. Defined Contribution: Analysis

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I've run a few different scenarios to work out whether I should go for the defined benefit or defined contribution option. Scenario 1: W...

Defined Benefit vs. Defined Contribution

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The major decision I need to make in response to receiving my job contract is which type of superannuation (retirement) scheme to join. Yes...

Australians' Loss of Wealth

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According to an article in the Australia the Treasury Department says that the average wealth of Australians fell from $A249,000 in 2007 to...
Wednesday, April 15, 2009

Contract

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I finally got my contract today. Last night on Snork Maiden's insistence I sent another e-mail to human resources and my supervisor imme...
1 comment:
Sunday, April 12, 2009

Venice

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My paper was accepted for the Venice meeting. But as I mentioned , I can't use project funding for the trip. Registration would be E450 ...
4 comments:
Saturday, April 11, 2009

Port Douglas

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Last night, Snork Maiden and I booked a trip to Port Douglas (about one hour's drive north of Cairns in Northern Queensland) for us and ...
Thursday, April 09, 2009

The Answer to My Question:

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The answer to my question: "Can I use project funds to go to Europe" is "No". So I just wrote to the conference organiz...

Early Hedge Fund Returns for March 2009

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With 55% of funds reporting Credit Suisse/Tremont estimate that hedge funds gained 0.86% on average in March. It's better than HFR's...

Taleb on Rebuilding Capitalism

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A Black Swan in Canberra Nicholas Taleb has http://www.ft.com/cms/s/0/5d5aa24e-23a4-11de-996a-00144feabdc0.html?nclick_check=1">an ...
Tuesday, April 07, 2009

March 2009 Moominvalley Report

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We gained this month and so did the markets and we beat the market again. The following is based on the available data as a couple of funds ...

Initial Hedge Fund Performance for March

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The HFRX index is showing a 0.03% decline for March while stock indices rose more than 8% globally for the month. But a lot of the componen...
Sunday, April 05, 2009

Moom Returns Breakdown for Feburary 2009

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The returns for each asset class are also net of any movements in currencies. Losses have been adjusted up a bit since the close of the mont...

Snork Maiden Returns March 2009

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Snork Maiden finally saw a gain in her non-retirement investments this month after six losing months in a row. The gain was only $A332 or 3....

Can I Use Project Funds to Go to Europe?

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My paper about my funded research project was rejected by one of the two conference organizers in Europe I submitted papers to. They accepte...

AEP Announces Program To Maximise Shareholder Value

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From the press release: AEP ANNOUNCES PROGRAM TO MAXIMISE SHAREHOLDER VALUE: • $60 million pro-rata return of capital proposed • Continuatio...
Friday, April 03, 2009

Rationale for Joining LinkedIn

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This guy has almost the same rationale as I did for joining LinkedIn - getting more visibility for your own website (and yourself). The sam...
1 comment:

Sandisk Cruzer 16GB

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I got the 16GB version of the Sandisk Cruzer USB Flash Drive in JB Hi Fi for $A75. The local Apple reseller only had one rather ugly small...
Thursday, April 02, 2009

Moominmama in March

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The table shows Moominmama's performance in March. The MSCI World Index gained 8.29% and the S&P 500 8.76% (total return). But Moomi...

Flash Drives and Trees

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I just got an e-mail about a new social media things called Academia.edu . The organizers state: "Academia.edu was founded by Richard P...
Monday, March 30, 2009

Key

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Finally today I got the key to my office and Snork Maiden and I moved some of my books and files in there this evening. My computer should b...
2 comments:

Moominvalley, 2612, ACT, & Australia

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Continuing the http://moominhouse.blogspot.com/2009/03/2006-7-income-and-tax-for-act-and.html">series on income and tax in the ACT a...
Sunday, March 29, 2009

Sydney Trip

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Most of last week we were on a trip to Sydney together with the "Snorkparents". The picture is the view from Watson's Bay of t...
Friday, March 20, 2009

2006-7 Income and Tax for the ACT and Australia

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Following up on Friday's post I've calculated the per capita breakdown of different income sources for all ACT postcodes and Austra...

Annual Australian Tax Statistics 2006-7

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The annual report on Australian tax collections has just been published by the ATO. It's just crazy that "the vast majority of peop...
4 comments:
Tuesday, March 17, 2009

Credit Suisse/Tremont Hedge Fund Index Again Impacted by Rogue Fund

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The final Credit Suisse/Tremont numbers are in for February with the index losing 0.88%. In a replay of the Madoff scandal , equity market ...
Monday, March 16, 2009

Book Review: Tim Ferriss - "The 4-Hour Work Week"

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Snork-Maiden somehow convinced her employer to buy this book for their library :) I have mixed reactions. It's not one of these books th...
2 comments:
Sunday, March 15, 2009

Career - Next Steps

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The chairman told me that I interviewed very well and he doesn't have any feedback in that regard and if I find somewhere more matching ...
Friday, March 13, 2009

Didn't Get the Senior Lectureship

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I just heard that I didn't get the Senior Lectureship (Associate Prof in the U.S. system) position at the University down the street fro...
2 comments:
Thursday, March 12, 2009

Australian Unemployment Rising, But Still Low

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Chart at Peter Martin's blog .

Planning Our Trip to Europe

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Snork Maiden yesterday got a rejection e-mail for the paper she submitted to a conference in Slovenia. Having organized an international con...
1 comment:
Tuesday, March 10, 2009

Book Reviews: Gladwell

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I read Blink by Malcolm Gladwell. While it is a good read I found it rather frustrating. I agree totally with the tone of the http://en.wiki...
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Credit Suisse/Tremont Hedge Fund Index Estimated to Finish down 0.45% for February

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New York, March 9, 2009 Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish down 0.45% in February (based on 59...
Friday, March 06, 2009

Topped-Up Australian Margin Loan

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I paid down $A1000 of my Australian margin loan to reduce the risk of a margin call. It's one thing I can do to reduce anxiety. Still wa...
2 comments:

Day Starting Badly.... Will it End Well?

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Today I'm supposed to get my contract for the one year job and hear the outcome on the permanent job. Well, they said on both: "By ...

Hedge Fund Performance for February

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The HFRX (daily small sample) index lost 0.38% for February . As you know stock market indices fell sharply with the MSCI World Index down 9...
Thursday, March 05, 2009

February 2009 Report

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I don't feel like writing my standard monthly report this month - too depressing. The market keeps going down with the MSCI down 9.73% a...
Wednesday, March 04, 2009

Book Reviews: Zilliak and McCloskey and Taleb

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Snork Maiden brought home borrowed copies of Ziliak and McCloskey's "Cult of Statistical Signficance" and Taleb's "T...
Tuesday, March 03, 2009

World's Top 200 Universities

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All the universities I've studied or worked at are on this list . There's some luck in that. I've interviewed for jobs at some t...
1 comment:

Career Update

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The interview went smoothly but I think my chances are 50:50 on getting the job. Some people seem enthusiastic about hiring me while others ...
2 comments:
Saturday, February 28, 2009

Interview Preparation

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I completed my presentation slides on Thursday and today went over to a colleague's house to run the presentation by him. I was meant to...

Moominmama February 2009 Performance

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Moominmama's portfolio saw another loss this month of 3.66% in USD terms. The MSCI World Index was down 9.73% and the S&P 500 close ...
Thursday, February 26, 2009

Hedge Fund Performance for January

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While the HFRX index saw a gain for January , HFRI * had a loss of -.04% . That's still great compared to the equity markets. Credit Sui...

Abolishing Corporation Tax Makes More Sense

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Apparently momentum is growing to abolish Australia's system of dividend imputation . In Australia companies pass on tax credits attache...
Wednesday, February 25, 2009

Career, Financial, and Family Update

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Yesterday, I went to a meeting at the government department that is funding my research project . One person left early and the most relevan...
1 comment:
Tuesday, February 17, 2009

Bounce in the Baltic Dry Index

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As is the case for non-US crude oil prices there's been a bit of a bounce in the Baltic Dry Index of shipping costs. Of course, it cou...

Ordering Computer

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Some progress on the job front. A computer is being ordered for me from the project funds and a meeting being set up with the funders to d...

LinkedIn

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I just joined LinkedIn . I don't really understand how it works or whether it is useful, but figured it is yet another portal to channel...
6 comments:

Cable TV

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I went along to my local TransACT office to ask about changing our broadband/phone plan into one that includes cable TV. Snork Maiden's...
1 comment:
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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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