It was a good few weeks ago when the stock markets were coming off and everyone was worried about China and the upcoming September FOMC meeting that I first became interested in buying Chinese shares.
The S&P 500 had dropped over 10% in the space of a few days and the Chinese equity markets had fallen around 40% from it’s last 52-week high. Read more »
I have not made it a habit to write many personal updates on this blog. After all, who really wants to read about what I had for dinner and what I got up to at the weekend? Well maybe you do. So here’s a quick round-up of what I’ve been up to. Read more »
It was November 2008 and I was a graduate futures trader for a trading house in the UK. I’d been trading full time for only a couple of months.
The credit crunch was in full force and every day presented new challenges and headaches.
Until Lehman Brothers collapsed I had been doing well. Trading a small account, I was happily bringing in a reasonable £300 a day.
Then, everything changed. People thought the financial system might collapse and the markets went into chaos. The FTSE 100 would drop massively in the space of a couple of minutes.
Then, it would reverse almost as fast, for no other reason than traders being too scared to hold on to their shorts. Read more »
Well after four days of solid gains, stock markets finished in the red again yesterday as the price of crude oil collapsed, dropping 2.4%. I have to admit I didn’t see oil falling as much as it has done. I’ve always been somewhat of a perma-bull when it comes to energy and the dwindling global reserves of the black stuff.
Anyway, I only have one oil explorer in the portfolio so my other stocks will hopefully balance out the volatility. And I was pleased to see $PKG jump over 10% on Tuesday. Read more »
As you may know, I spend a lot of my time either in London, UK or Auckland, New Zealand. This year, I spent the holidays in a town called Matamata in New Zealand. There is not an awful lot to do in Matamata but it is the home of Hobbiton in the Lord of the Rings movie series.
Though I didn’t see any hobbits, the weather held up just well enough to take some nice photos.
A warm and happy New Year to all my readers and followers.