What is this blog about?
It’s about the journey discovering various forms of investing and gambling, taking each for a test drive and mathematically assessing the risk in order to beat the odds whether it’s investing, trading or downright gambling (even gambling can be considered as investing assuming you’ve done your homework properly).
I’ll be taking everything from bonds, forex, futures, gambling, gilts, property as well as all the forms of share trading / investment for a test drive and in the process hope to teach other people.
Hello World!!!!
Tags: Bonds, Forex, Futures, Gambling, Gilts, Penny Stock, Property, Shares, Warrants
September 12th, 2009 at 00h20
This sounds very interesting, I love the idea. Test everything firsthand and keep what is good – like Solomon did.
I would like to suggest two “rules of engagement”.
For any investment/gamble/trade you experiment with:
1. Only do it with money you actually have and that you’ve already parted with in your mind, i.e. money that you’re 100% prepared to loose if the deal goes sour.
2. It should always be 100% objective, never loosing your heart on a deal or getting sidetracked from your plan by emotions.
What do you think?
September 12th, 2009 at 08h39
Hi Francois, I don’t like giving advice I’m not using myself, that’s why I’m testing out everything myself and measuring performance before actually telling people this is good or bad advice.
Regarding 1: I’ve done some major cutbacks on my expenses, the money I would’ve spend, I now invest, if I lose it, it doesn’t matter, I would’ve spend it otherwise.
Regarding 2: All my investments I base 100% on mathematical / statistical reasoning, emotion is poison when it comes to investing or trading (especially equity gambling), that little voice will drive you mad and will quickly destroy your portfolios if you give in to it!