Market Discussions

Oh that's good, I was worried that forever reason I hadn't gotten my money ^^

Money received. I wish you the best of luck in whatever, and wherever you choose to go. You are a huge asset to the MD community. o/

Received my capital and dividend. Thanks VV.

I confirm payment.

VV thanks for your dedication; this has been a nice try to something that approaches RL fund industry, I can assure people that VV has done lot of things as are done here in old good Earth. Is a pity that it has lasted so few time.

I hope that your move abroad goes well... just curious, can you say the country that are you fleeing for that damned Tobin Tax? I'm also a RL investor (part-time only, mainly FOREX) and here (Spain) is also looming the axe of that stupid tax (for the moment I have been spared trading with abroad brokers, but typically this situation can only worsen in time).

Good luck, I hope you return to EVE asap.

Sadly nowhere you go in Europe (except maybe England, they got their stamp duty) you can hope to be safe from that populistic and useless tax.
But it's not going to be implemented in the same way in all the countries. Some countries took Germany's bait about rushing into enforcing the tax, save seeing Germany bailing out of their own proposal and announcing they won't think about it till 2016.

My country not only took the bait, but it's going to enforce it regardless. In fact my country is one of the last where we still have post-comunist parties that have not evolved into modern social-democracy and thus they are as bigot as some religion organizations.

These parties - that all the statistics show they are about to win the soon next elections, have intense hatred for anything related with capital, enterpreneurs, meritocracy, private initiative and so on. They couldn't wait for the Tobin Tax to be proposed, because it will be the Holy Sword against the Evil speculators etc. etc.

So, my move is not really to avoid the Tobin Tax at all costs, just to avoid the italian specific implementation that basically:

- exempts banks and all those who *really* caused finance disasters. Because as most know, our current "technicians" government is totally subservient to banks.

- imposes a tax 5 (five) times bigger than the proposed "template" EU tax and it covers securities that will become completely impossible to trade. I.e. making 100 Euros out of Forex will involve up to 100 Euros worth of Tobin Tax. Figures.


Another reason to move is that I got proposed an interesting job in a nice island. This means leaving this foggy, cold plains I currently live in and actually find a job. Here it's impossible, because before the 2008 crysis it'd take 2-3 years of constant tries to find a (worse) job but now it's just wishful thinking, everybody are closing down, banks don't loan a penny and so on and every single position I have applied to, has been rejected because they exclusively take people younger than 30 (there are fiscal discounts for doing that).

PlanetCorp wishes you well in your RL endeavours. Keep a mailing list for when you return, I'm sure we would invest again and more than the paltry 500 milllion we did this time.

I am actually studying an improved business model already.

I have to come to accept that MD-ers don't really like to speculate and get involved a lot. They prefer to "buy and hold" and have someone else do the work for them, even if that means lower profits.

Furthermore I have noticed how critical is to enter in the markets at the right time. Despite > 5% (MINBSK) profits in about 2 weeks is quite big for a 100B investment, I could have done better if I could buy the stock when my analyses told me to. The paperwork, the inevitable delays caused by having so many people interacting and so on made me lose about 2 weeks. This costed 2-3% in potential profts and also made me miss the small ice products "peak".

This makes me think I have to setup a second hedge fund. They provide much less meta-fun but are more profit effective and don't require an exchange.

The big challenge will be: "how can I warn potential Investors there's a golden opportunity with 2 days of preadvice tops, and get 50B+ fast to exploit the opportunity?". With an hedge fund I cannot afford waiting for 1-2 weeks for money to come.

Funds recieved. Good luck in your new work and i look forwards to your next exchange.

all the best, VV.