Moomin Valley

Personal Finance, Investing, and Economics

Sunday, February 28, 2010

Moominvalley January 2010 Report

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I finally got the accounts together for January (accounts in USD): Our spending was again at the low end. February is going to come in aroun...

Moominmama Performance February 2010

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Moominmama lost 1.82% in February, mainly due to the fall in Sterling against the US Dollar. The value of Sterling Cash fell 4.81%, while bo...
Saturday, February 27, 2010

Living on One Salary

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As this period of receiving two salaries comes to a close, I'm reviewing how our saving vs. spending has been during the last year. Curr...
2 comments:
Friday, February 26, 2010

Career Update

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My current contract ends today more or less, paywise. I still haven't actually completed what I agreed to do, but it will be done in the...
Tuesday, February 23, 2010

Moomin Valley Nominated for Best Economics Blog

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Moomin Valley is one of the finalists in the category of "Best Economics Blog" for the http://www.plutusawards.com/congratulations...
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Monday, February 22, 2010

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Today was the grant application deadline . Realistically, I knew I wasn't going to be able to come up with the matching funding I needed...
Friday, February 19, 2010

Climate Change?

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I came into the office this morning after working at home yesterday and found that a ceiling fan had been installed. This building is 50 yea...
Wednesday, February 17, 2010

Credit Suisse/Tremont Returns for January 2010

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Credit Suisse Tremont show a 0.17% gain for hedge funds in January. And in further contrast to HFRI's numbers they show Global Macro re...
Sunday, February 14, 2010

Tenure

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You've probably heard about Amy Bishop who shot three faculty members at the University of Albama in Huntsville after she was denied ten...
Friday, February 12, 2010

Hedge Fund Performance for January 2010

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HFRI reports a 0.71% loss for hedge funds globally in January 2010 while HFRX reported a 0.02% loss. By contrast, stock indices were down by...
Wednesday, February 03, 2010

Epic Grant Fail

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After I put a lot of work into developing a grant application to try to create a position for myself (as well as applying for regular jobs) ...
Monday, February 01, 2010

Moominmama Performance January 2010

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Moominmama suffered a loss of 0.96% in January following a similar loss in December. This month, though, the MSCI All Country Gross World In...
Friday, January 22, 2010

Sirius Resources: Unmarketable Parcels

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Sirius Resources (SIR.AX) is going to automatically sell out all shareholders with less than $A500 worth of shares free of brokerage and sen...
Saturday, January 16, 2010

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Monthly performance figures for December and annual figures for 2009 are now in for the HFRX monthly indices: The Global Hedge Fund Index r...
Tuesday, January 12, 2010

The Cost of Success

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Not long after I commented that the TFS Market Neutral Fund was at an all time high the fund has decided to institute a "hard close...
Sunday, January 10, 2010

Annual Report 2009: Part IV

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Following a breakdown of the sources of growth in net worth , we look at changes in asset allocation over the year: This first chart tracks ...
Saturday, January 09, 2010

HFRX Daily Hedge Fund Index Performance for 2009

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The Global Hedge Fund Index rose 0.55% in December and 13.40% for 2009. Performance over the last 3 or 4 years is negative. The MSCI All Cou...
Friday, January 08, 2010

Signature Debit?

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It's weird that "signature debit" dominates the US debit card market - at least according to the New York Times. I don't ...
1 comment:
Thursday, January 07, 2010

Annual Report 2009: Part III

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This chart shows that the rebound from the lows in early 2009 in our net worth is due to a combination of new savings and investment gains....
Wednesday, January 06, 2010

Annual Report 2009: Part II

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Net worth rebounded very substantially from the beginning of the year and the low early in the year: Medium term balance is the net of all n...
Tuesday, January 05, 2010

Moxy Vote

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Moxy Vote is a new website (got started in November) which aims to link individual investors and advocates in order to get more individual ...
1 comment:

Annual Report 2009: Part I

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The first part of my 2009 annual report focuses on rate of return relative to benchmarks. Here are the annualized rates of return: As the Au...
Monday, January 04, 2010

December 2009 Monthly Report

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There'll be an annual report coming up soon with lots of charts, but for now, let's look at December. As usual everything is in US D...

Update on "Emergency Fund"

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As I've written before we don't have an "emergency fund" as such, but we do have plenty of savings outside of superannuat...
Sunday, January 03, 2010

Florida House Prices

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Median house prices in Cape Coral-Fort Myers, Florida have fallen to USD 92k . Many metro areas across the state have medians around USD 150...
Friday, January 01, 2010

Moominmama Report December 2009

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The US Dollar rose this month depressing returns in USD terms for globally diversified portfolios. As a result Moominmama lost 0.95% this mo...
Thursday, December 31, 2009

Portfolio Growth for the Decade

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At the end of 1999 my net worth was $A141k or $US87k. Today our net worth is around $US415k or $A470k. Is that good or bad? The growth rate ...

Ibis

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I just saw an Ibis walking around in the street. I don't remember ever seeing one of those in Canberra before.

Government Co-Contribution

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On 8th December the Australian Government finally paid $A1,500 into my superannuation account as their "co-contribution" alongsid...
Wednesday, December 30, 2009

TFSMX at All Time High

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At least one of my investments is at an all time high (when you include reinvested dividends). I have gained 27.6% since first investing in...
Tuesday, December 29, 2009

2009 Travel

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Somewhat unusually I stayed in my home country the whole year (but it is almost a whole continent :)), but I did get to take these trips out...
Monday, December 14, 2009

Australian "Hedge Fund" Investment Opportunities

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I have a couple of prospectuses here for investments in Australian "hedge funds" but I think I will skip both: Platinum Capital Sh...
Wednesday, December 09, 2009

Credit Suisse/Tremont Hedge Fund Index Performance November 2009

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Credit Suisse/Tremont are reporting preliminary results that are a little stronger than both HFRI and HFRX . The overall index is estimated...
Tuesday, December 08, 2009

HFRI Preliminary Performance November 2009

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The results are more positive than the HFRX returns . Even convertible arbitrage showed a positive return in this larger sample.

Update on Aletheia

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An update on the performance of my Mom's investment in an Aletheia fund. I have monthly data now from June 2008 to November 2009. Not a...
Monday, December 07, 2009

Moominvalley November 2009 Report

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As usual everything is in US Dollars unless otherwise stated. After stock market declines in October, November again saw gains in world stoc...

Blog/Career Update

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Long time readers will notice that I'm posting much less on this blog than in the past. That's because I am focusing on my academic ...
3 comments:

HFRX Hedge Fund Index Performance: November 2009

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The HFRX global hedge fund index gained 1.66% in November. Most styles gained this month but there was a tendency for styles that have lagge...
Tuesday, December 01, 2009

Moominmama Performance November 2009

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Another good month in which the MSCI World Index rose by 4.16%. Somewhat surprising given the negativity that seemed to be in the news for m...
Sunday, November 29, 2009

Self-Service Checkout

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Our local Woolworth's store has just introduced self-service checkout machines. I've used these before at Big-W (pictured) and in th...
3 comments:
Sunday, November 15, 2009

My "Hedge Fund" Investments

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I got a question on a recent post about our hedge fund investments . I count any fund that uses hedging instead of straight asset class inve...
Friday, November 06, 2009

Initial Hedge Fund Returns for October 2009

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HFRX shows global hedge funds were more or less flat in October. Convertible arbitrage continued its strong outperformance this year.
Tuesday, November 03, 2009

Moominvalley October 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...
2 comments:

Leverage Can Be Used to Reduce Risk

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A point I've made in the past is made again in an article on AllAboutAlpha .
Monday, November 02, 2009

What Gets the Most Comments in the New York Times?

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An article on what waiters should and mostly shouldn't do. I find the article and comments pretty amusing. The only things that annoy m...

Moominmama Performance October 2009

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Despite the MSCI World Index losing 1.53% this month, Moominmama gained 1.04%. Part of the gain is due to the decline in the USD (though the...
Saturday, October 24, 2009

Income of American Retirees

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Interesting discussion in the comments on a Krugman post on retirement income based around this pie chart of income sources of Americans of...
Saturday, October 10, 2009

Global Housing Market Trends of the last 40 Years

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A nice chart from McKinsey of real house prices over the last forty years in a wide range of countries: The UK saw the largest rise in pric...
1 comment:
Friday, October 09, 2009

First Look: Credit Suisse Tremont Hedge Fund Index for September 2009

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Preliminary figures from Credit Suisse Tremont show a 2.62% return for hedge funds for September. Macro returns are pretty strong and not ba...

HFRI Reports a 3.02% Hedge Fund Gain in September

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HFRI, which covers a larger sample of hedge funds than HFRX , has come in with a larger gain for September. And unlike HFRX, with the except...
Wednesday, October 07, 2009

Moominmama Performance September 2009

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Moominmama's portfolio gained 1.98% this month compared to the 4.62% gain in the MSCI World Index and a 3.73% gain in the S&P 500. T...

September 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...

Moom's Tax Assessment

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I didn't get as much of a tax refund as I was expecting for two reasons: 1. You can only claim the low income tax offset to the extent ...

HFRX up 2.22% for September 2009

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In general, those strategies that have been doing well this year, like Convertible Arbitrage, continued to do well and those that haven'...
Friday, October 02, 2009

Tax Refund

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I got my tax refund credited to my account (amazingly fast) but it's about $A800 less than I was expecting . I'll have to wait for...
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Henry Seems to "Get It"

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I recently commented on leaks from the Australian government's Henry tax review that seemed to be heading in the direction of just grab...
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'...
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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...
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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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