I have talked quite a lot on Twitter about a new Index Spreadbet System that I have been designing for about a month, and I have had long discussions with several friends regarding what the faults are and ways it can be refined and improved.
My intent was to produce a detailed Blog about the System and to includes loads of Examples of it in practice, but with my Health niggles that is too difficult at the moment, and for now I have just bashed something together quickly based on some email discussions with mates. The attraction of the System is that it is expected to generate in the region of 40%+ CAGR on the Initial Capital Employed and a higher ROCE based on the Average Capital used. In addition, it has controlled and limited risk and for most of a given year, we do nothing whatsoever – in fact, my biggest potential flaw that has been spotted is that if we Hedge too often, then the Returns will be reduced.
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If you have listened to Podcast TPI 49 (link below if you haven’t), then you will probably have heard my fairly comprehensive health report and since recording that last Wednesday, I can thankfully say that it really does look like the Doctors have at last discovered the problem and for my h8ters the sad news is that I am not going to snuff it, and for the fans, I guess it is good news !!
I still have the pain but it is at a much lower level and the drastic changes to my diet (to be honest, it is not the end of the world and I did need a kick up the posterior with regards to my predilection for eating anything that I see and in crazy amounts) and I even managed to get outside today in the freezing cold and light rain, to pump up the tyres on my MX5. I thought it was a bit spongy when I last drove it, and with tyre pressures at 20 psi instead of the necessary 29, I guess that would explain it. I can’t wait to drive it next and feel the improvement.
Needless to say (but I will anyway), with all this Lockdown Life going on, I am watching far too much telly and I’m certainly not getting out much (I never do in the Winter anyway, but that’s not the point). But all this tellybox watching is not totally wasted because I heard some funny stuff as a consequence. Firstly, it was Johnny Vegas on ‘QI’ the other night going on about “DIY Gaviscon” which was a cocktail of half a pint of Baileys mixed with half a pint of Cointreau. The logic was that you could drink this during a heavy session, so that you could then keep going on the lagers…….
The other gem I heard was from one of the Founders of PayPal – I think his name was Hoffman and I caught him on CNBC or something and he said how starting a new business “…is like jumping off a cliff and assembling an airplane on the way down”. I did giggle at that.
My intention when I am starting this late on Saturday night is to do something a bit different with the ‘Stocks & Markets’ Blog this weekend and if I can get cracking on this it should contain plenty of blurb about the Markets and what has happened and is likely to happen, and also more on my Strategy. If this plays out as I would like then you could be reading this on Sunday and I will issue a separate Charts Blog late on Sunday night and that one will obviously look at both long-term and short-term Technical factors and I won’t be including any other stuff in these Blogs.
Last week was obviously highly dramatic and more than a little scary and the speed of the drop was utterly bonkers and I understand it was one of the quickest falls from a Peak ever. This in itself is a technically worrying development and hardly hints at strength but I won’t talk too much about the Charting stuff in this Blog. I will try and break what I see as the key factors down into several headings. |
Stocks & Markets WheelieBlogsThese tend to be more Markets and Stocks related and timely - the Blog Page on the Main WheelieDealer Website has the 'Educational' stuff (well that's the theory anyway !!). Archives
October 2021
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