Moomin Valley

Personal Finance, Investing, and Economics

Friday, November 26, 2021

Defined Benefit vs. Defined Contribution Update

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Each time I was given the choice to be in a defined benefit scheme or a defined contribution superannuation scheme, I chose defined contribu...
Wednesday, November 24, 2021

Save, Inherit, and Invest

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I love reading the Millionaire Interviews at the Earn, Save, and Invest Blog. One of the questions they get asked is "What would you s...
Friday, November 19, 2021

Cadence Opportunities Starts Trading

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I had decided not to buy more shares in the Cadence Opportunities (CDO.AX) IPO. But the stock closed at AUD 3.00 on the first day, up from ...
Tuesday, November 16, 2021

Ruffer Investment Company Rights Issue

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Ruffer Investment Company (RICA.L) launches a 1 for 4 rights issue at NAV . The stock has been trading for a small premium. This isn't v...
Monday, November 15, 2021

Update on Australian Office Fund / Australian Unity Diversified Property Fund Merger

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I have been planning to vote no on this merger for a number of reasons. The explanatory booklet for the merger has been released to the AS...

Auction in Our Development

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  After a few recent sales in the neighboring development , finally two houses were listed in ours. One was auctioned on Saturday. I went to...
Sunday, November 07, 2021

Changing Target Asset Allocation Again

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 I still think it is useful to have one... Reducing the bond allocation and moving it to the equity allocation including hedge funds.
Thursday, November 04, 2021

Headhunter

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I was contacted by a head hunter today for a senior government position on the borderlines of research and policy. Normally headhunters appr...
2 comments:
Wednesday, November 03, 2021

October 2021 Report

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The run of winning months in Australian Dollar terms continued. We haven't had a losing month since March 2020. This is a 19 months run...
Saturday, October 16, 2021

Moominpapa's 2020-21 Taxes

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I am finally able to submit my taxes for this year. Last year's taxes are here . Here is a summary of my taxes. To make things clearer, ...
Thursday, October 14, 2021

Cadence Opportunities IPO

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Another " corporate action " to consider. Cadence Opportunities Fund attempted an IPO about three years ago, which failed. I inve...
Wednesday, October 06, 2021

Corporate Actions

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Two current "corporate actions". Regal Funds (RF1.AX) announced a 1 for 3 rights issue at the net asset value of AUD 3.79 per shar...
Saturday, October 02, 2021

September 2021 Report

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This month world stock markets finally declined. But we gained a little in AUD terms,* showing the value of our alternative assets strategy....
Saturday, September 25, 2021

Moominmama's 2020-21 Taxes

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I finished Moominmama's taxes for this financial year. I still need the details of my venture capital investment tax offset to complete ...
Wednesday, September 22, 2021

FI or FIRE?

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  I wrote about FIRE (Financial Independence Retire Early) at least once before . The Retire Early bit is the problematic bit. It makes muc...
Saturday, September 04, 2021

August 2021 Report

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It was another month of increases in world stock markets. The MSCI World Index rose 2.53%, the S&P 500 by 3.04%, and the ASX 200 rose 2...
Tuesday, August 17, 2021

Most People Think They are Financially Average

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Well not quite . But people think they are more average financially than they are , on average. But the strange thing is that most peopl...
Monday, August 16, 2021

Effect of Updates on Reported Returns

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The final numbers are now in for the first half of this year with the report of a venture capital fund for June. I was curious how different...
Saturday, August 14, 2021

Top Baggers

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Meb Faber refers to the total gain on an investment over time in terms of "baggers". If you invested $1,000 and made $9,000 then ...
2 comments:
Tuesday, August 10, 2021

Local Housing Market is Red Hot

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This morning I got a text from a real estate agent offering to send me an updated appraisal of our house's value because "prices ar...
Saturday, August 07, 2021

New I Will Teach You to be Rich Podcast

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    Ramit Sethi has started a podcast  titled of course: "I Will Teach You to be Rich" and subtitled: "Real money stories f...
Thursday, August 05, 2021

July 2021 Report

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It was another month of increases in world stock markets. The MSCI World Index rose 0.72%, the S&P 500 by 2.38%, and the ASX 200 rose 1...
Wednesday, August 04, 2021

Coinvestment, Revised Target Allocation, and Rights Issue

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I'm making an investment in a pre-IPO company alongside a venture capital fund and other investors. I valued the company based on their ...
Wednesday, July 28, 2021

Next Steps

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We have now executed a major part of the financial plans I developed in 2018 . We deployed almost all the inherited capital - we still ha...
Tuesday, July 27, 2021

Time-weighted Versus Dollar-weighted Returns

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There was an interesting comment in the latest Millionaire Interview at the ESI Blog: "I find it a bit silly how most people focus on ...
Sunday, July 18, 2021

Including Neighboring Development Sales in my House Price Model

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This graph shows the increase as a fraction of the original when new sales price in two neighboring developments in our city since the begin...
3 comments:
Saturday, July 17, 2021

Sale in Neighbouring Development for AUD 1.3 Million

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This house is in the sister development to ours on the other side of the hill. It borders the reserve just like ours. The house is a bit bi...
Friday, July 16, 2021

Career Plan

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A couple of months ago I discussed my career decision making issues. I made a decision and will take long service leave next year and reduc...
1 comment:
Wednesday, July 07, 2021

Spending 2020-21

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For the last four years I've been putting together reports on our spending over the Australian financial year, which runs from 1 July to...
2 comments:
Monday, July 05, 2021

June 2021 Report

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This month I completed the review of all our investments . The Australian Dollar fell from USD 0.7738 to USD 0.7500. It was another month of...
Monday, June 21, 2021

Update on PSTH

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Bill Ackman posted a link to this presentatio n on Twitter. I have 3,000 shares or a 2% of net worth position. We also have 5,000 shares of...
Monday, June 14, 2021

Investments Review: Part 8, Managed Futures

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Managed futures have not performed well in recent years, but I am betting that they will make a bit of a comeback. Macquarie Winton Global A...

Investments Review: Part 7, Bonds

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MCP Income Opportunities Fund (MOT.AX). Share of net worth: 1.75%. IRR: 14.8%. This fund invests in Australian private credit. It yields ar...

Investments Review: Part 6, Real Assets

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In my usual reporting, gold is a separate category from real assets. I plan to put 10% of gross assets into gold and 15% into real assets. 1...

Investments Review: Part 5, Private Equity

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The private equity category includes both venture capital, buyout funds, and SPACs, which acquire private companies to take them public. W...
Thursday, June 10, 2021

Pershing Square Tontine Holdings

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This video was posted on Reddit and endorsed by Bill Ackman on Twitter . I had been thinking about buying into Pershing Square Tontine Hol...
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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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