Moomin Valley

Personal Finance, Investing, and Economics

Monday, September 28, 2009

Snork Maiden's Tax Assessment

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Just got the tax assessment and the amount payable is less than half of what I expected : $A301.45. not payable till 23 November either and ...
Thursday, September 24, 2009

Another Job Opportunity?

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My chairman told me today that they'll finally be able to readvertize soon a position that might be relevant to me. The position has bee...
Saturday, September 19, 2009

More Leaks from the Henry Tax Review

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Needless to say almost that I don't like any of these proposals personally except the pay as you drive road tax perhaps and I don'...
2 comments:
Wednesday, September 16, 2009

More Details on Moom's Taxes

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I now submitted my tax return and as promised here are all the details. You can compare these numbers to last year's too . The main diff...
2 comments:
Saturday, September 12, 2009

August 2009 Report

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This report is based on the available data as a couple of funds as usual won't report till near the end of the month. As usual everythin...
Friday, September 11, 2009

Moom's Australian Taxes 2008-9

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I just did my tax return. It only took 2 1/4 hours because I prepared a spreadsheet last year when I did our first tax returns after returni...

Credit Suisse/Tremont Early Returns for August 2009

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Are 1.68% with a very similar overall picture to HFRI . I'll post more detail with the final numbers.
Thursday, September 10, 2009

Optimism Hits a Record High in Australia

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It's probably hard for my American readers to imagine this is possible . I guess because we missed out on any kind of recession really (...
2 comments:
Wednesday, September 09, 2009

HFRI August Numbers are in

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About a week earlier than normal: They confirm the general picture shown by HFRX but the overall index came in stronger as did many styles ...
Saturday, September 05, 2009

Initial Hedge Fund Performance for August 2009

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First off the blocks HFRX reports a 1.25% gain for hedge funds in August. The distribution across "styles" is pretty similar to th...
Friday, September 04, 2009

More Unisuper Glitches

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I was actually sent a statement by Unisuper yesterday, but the glitches continue . I noticed that my account was about one month behind wher...

Carbon Planet

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More details of the scandal . I'm glad I didn't invest in it.
Thursday, September 03, 2009

There's Been No Recession in Australia

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According to the official data .
Tuesday, September 01, 2009

Snork Maiden's Investment Account

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It's doing pretty well (in AUD): Most of the gains are savings of course but net profit is now $A1,166. Against the MSCI World Index in ...
3 comments:

Moominmama Performance August 2009

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Equities, bonds, and hedge finds had positive returns. The MSCI World Index was up 3.62% this month and the S&P 500 seems to have had a ...

Long-Term Under- and Out-Performance

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As things continued this month to bounce back from the depths of the GFC I thought it was time for an update on how we're performing rel...

Annoying Changes to Australian Immigration Rules

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After the previous government raised the residency requirement in Australia to 4 years from 2 for those seeking to become Australian citizen...
8 comments:
Wednesday, August 26, 2009

OpenOffice

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Following EnoughWealth's suggestion I downloaded OpenOffice. Well, at least it lets me manipulate the shape of the charts in my old Exce...
1 comment:

Snork Maiden's Team Gets Another Year of Funding

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Good news - the research team that Snork Maiden is part of got some more funding but less than they asked for, so either: 1. They need to fi...
2 comments:

A "Solution"

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I have found a temporary solution to my Microsoft Excel woes . I moved Excel 2008 into a folder I labeled "disabled applications" ...

Microsoft Office 2008

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Because the equation feature in Word 2004 wasn't entirely compatible with with Macintosh OS 10.5 (some notation appeared incorrectly tho...
Sunday, August 23, 2009

Snork Maiden's Taxes 2008-9

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I just completed Snork Maiden's tax return. As it is pretty straightforward and I have a spreadsheet set up from last year as well as la...

Asset Class Update

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Time for an update on recent asset class and target portfolio performance: This chart is in USD terms with all investments as they would ap...
Saturday, August 22, 2009

Dividend Imputation to Continue

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The head of the Australian Treasury Department, Ken Henry, said that his tax review will not abolish dividend imputation . Dividend imputati...
Friday, August 21, 2009

Final Hedge Fund Performance for July 2009

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HFRI: 2.62% Credit Suisse/Tremont: 2.54%
Thursday, August 20, 2009

Inefficient Markets

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With all the talk about the supposed negative effects of the "efficient market hypothesis" that supposedly caused the GFC it's...

Fund Purchases

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I just put in a bid to buy 2000 shares in the Challenger Infrastructure Fund (CIF.AX). The annual results came out and they seem OK to good ...
Wednesday, August 19, 2009

What People are Looking for on Moomin Valley?

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From search terms provided by Google Analytics.
2 comments:

EAIT Withdrawal Offer

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In the ongoing Everest Financial Saga the next event is the EAIT withdrawal offer. Everest will allow investors to withdraw part of their i...
Monday, August 17, 2009

Spendthrifts and Tightwads

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Snork Maiden and I are complementary in spending attitudes to some degree. I am more "tightwad" and she is more "spendthrift...
Tuesday, August 11, 2009

Research Discussions

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I had the meetings with the potential collaborators and they went well though there are no definitive outcomes yet. The first meeting I fou...
Thursday, August 06, 2009

Psycho-Economic Environment in Australia

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Following up on the comments on a recent post things feel a lot different here than in the US.

EDIF

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In the ongoing Everest Financial saga, the "direct investments" in the EAIT fund of hedge funds is being separated out into a stan...

July 2009 Report

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It was a great month. The MSCI World Index gained 8.84% in USD terms and the SPX gained just 7.56%. The Australian Dollar again appreciated ...

Meetings Lined Up

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I have meetings lined up now to discuss my research and potential for collaboration on grants with a couple of people next week. One of them...

Hedge Fund Performance for July 2009

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The HRFX gained 1.59% in July. Convertible arbitrage continued to outperform with a more than 6% gain:
Wednesday, August 05, 2009

The Recession Must be Over :)

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Both of Snork Maiden's investment accounts - retirement and non-retirement - are now showing a profit. Given that the former started in ...
2 comments:
Monday, August 03, 2009

Unisuper Still Not Quite Right

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So Unisuper finally managed to put me into the accumulation plan (defined contribution) but for some unknown reason 54.51% of the account i...

Another Paper Rejection

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Had a paper rejected again today - this was the second attempt on this one. The good thing is that they only took 1 1/2 months to reject it,...
Sunday, August 02, 2009

Moominmama Report July 2009

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July was another great month in the World's stock markets with the MSCI World Index gaining 8.84%. Moominmama gained 4.3% overall with t...
Saturday, August 01, 2009

Canberra is Like Tuscany with Nicer Weather :)

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Most Australians seem to hate Canberra and think it is terribly cold. They'd probably be surprised to learn that the average temperature...
Friday, July 31, 2009

Challenger Infrastructure Fund Removes FX Hedging

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Challenger Infrastructure Fund (CIF.AX) announced today that it has closed its foreign currency hedges yielding a profit. As it is now unhed...
Thursday, July 30, 2009

Fellowship Program in Stasis

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I just heard today that the fellowship program I was planning to apply to may not actually run again. If it doesn't I wouldn't be t...
2 comments:
Wednesday, July 29, 2009

Shopping my Proposal

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We accidentally bumped into a former colleague who is now a professor in another department at my university while shopping. Actually, this ...

Some Funds in the Black

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This month is shaping up as another good one with three trading days to go. Several of the funds we invested in in Snork Maiden's Coloni...
Monday, July 27, 2009

OK, I Exaggerated a Little...

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When I wrote in yesterday's post that I'd need to have enough cash to buy a house to be happy to do so if my income was very uncerta...
Sunday, July 26, 2009

How Long Can We Live without Working?

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Asked Snork Maiden today (at our current standard of living). If we don't make any big expenditures like buying couches or travelling ...
3 comments:
Thursday, July 23, 2009

Pension Funds, Endowments, and Us

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I've been thinking whether anything needs to be done with Moominmama's portfolio and benchmarked the broad asset allocation against ...

What am I Doing on the Investment Front?

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I haven't posted much on investments recently. We're in recovery mode from the GFC and will likely be for a couple of years before m...
Wednesday, July 22, 2009

Wikinvest Data Platform

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Wikinvest have a new finance data platform. It looks pretty nice in terms of graphics etc. though they exaggerate how much this improves thi...
Sunday, July 19, 2009

1 July 2010 Planned Start Date for Post-FIF Regime

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The Australian government http://www.deloitte.com/dtt/alert/0,1001,sid%253D2935%2526cid%253D268500,00.html">hopes to have new foreig...
Friday, July 17, 2009

Final Hedge Fund Performance for June 2009

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Final hedge fund returns are now in for the month and they largely confirm the earlier HFRX results . In other words, performance was flat o...
Wednesday, July 15, 2009

Next Steps in Job Search/Creation

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As I commented on the last post, I didn't get the job I interviewed for on Monday in a major Australian city. The chairman already phone...
2 comments:
Monday, July 13, 2009

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I'm sitting in the airport terminal on my way back from my interview here today. The process was very traditional on the British model o...
4 comments:
Tuesday, July 07, 2009

Another Interview

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I just got an e-mail inviting me to interview on Monday for the job I applied for last week . This is one of the top departments in the coun...

HFRX Performance for June 2009

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The HFRX Global Hedge Fund Index was flat for June, returning 0.04%. Macro and 'Systematic Diversified" did poorly losing more than...

Phoned Unisuper

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So I phoned Unisuper and told them I'd sent the form in twice to switch to defined contribution (or "accumulation" as they...
Thursday, July 02, 2009

June 2009 Monthly Report

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The following is based on the available data as a couple of funds as usual won't report till near the end of the month and as 30th June ...
4 comments:

Update on Carbon Planet

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Last year I wrote about a company called Carbon Planet that was raising funds. I didn't like the look of the information provided and d...
Wednesday, July 01, 2009

Unisuper "Fail" (so far)

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They still haven't switched me to defined contribution despite me requesting this on my initial application and then sending the switch...

Moominmama Performance June 2009

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Moominmama had a 1.06% gain in June while the MSCI all country stock index fell 0.52% (beta to this stock index is estimated at 0.47). US st...

Career Update

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Am applying for another academic position here in Australia. I only saw it advertised this morning and the deadline is Friday! The rank is A...
Monday, June 29, 2009

Endowments Update

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Barrons' has updated the portfolio allocations for Yale, Princeton, and the average US educational endowment: Compare these to a previo...
Sunday, June 28, 2009

Income Replacement Rates of Mandatory Retirement Schemes

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The table is from a paper by Richard Disney presented at a conference on taxation held as part of the Australian tax policy inquiry. It sho...
Saturday, June 27, 2009

Couches

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Today, after much searching, we finally bought a couple of couches - a two and a three seater. Yes, they are leather but not the ones in the...
Wednesday, June 24, 2009

We'll Call You (or Not)

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I haven't heard back from the headhunter so I guess I wasn't shortlisted for an on-campus interview. The department I interviewed a...
3 comments:
Tuesday, June 23, 2009

George Friedman Thinks the Iranian Election was Fair!

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My opinion of him and Stratfor sank even lower .
Sunday, June 21, 2009

Conspicuous Blogging

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An interesting article about changes in the ways people are signalling status - a switch from conspicuous consumption of material goods to ...
2 comments:
Friday, June 19, 2009

TFS Market Neutral Fund Closes to New Investors

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The TFS Market Neutral Fund which I've often blogged about and am invested in, is closing to new investors. The fund's assets stand...
Thursday, June 18, 2009

HFRI Performance May 2009

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HFRI came in with a 5.58% return for May - one and a half percentage points more than Credit Suisse's estimate - and positive returns f...
Tuesday, June 16, 2009

Face to Face Interview

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So I went out to the airport today to meet the partner of the recruitment firm at the Qantas Club (=Lounge). I think the interview went well...
2 comments:

Credit Suisse/Tremont Returns for May 2009

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Credit Suisse/Tremont hedge fund indices have now reported for May. They are reporting a 4.06% gain for the month, which they say is the bes...
Saturday, June 13, 2009

Suit

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I bought a suit for my interview today . Only the second suit I've ever bought. We went to Myer because there are sales on. But the suit...
Friday, June 12, 2009

Coldest Day in 43 Years

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A couple of nights ago it hit -6C here in Canberra which is near the coldest I've seen here (-7C). The record low for Canberra is -10C. ...
2 comments:

The Phone Interview

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The phone interview with the headhunter went well. It started with me asking questions about what the job really is. He said that they basic...
6 comments:
Thursday, June 11, 2009

Preparing for Interview

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I've been preparing for my phone interview with the headhunter tomorrow morning. I'm not sure what to expect as I've always been...

Government Job?

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I heard yesterday about a position in a government department here doing more or less on the public policy side what I do in academic resear...
Tuesday, June 09, 2009

May 2009 Monthly Moomin Valley Report

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I finally worked out the fault in my accounts: a minus sign instead of a plus sign in front of the gain for Platinum Capital for the month! ...
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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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