Category Archives: Stuff

Anything else

Quick Addition

Are you ever faced with a problem where you need to add up a series of numbers? Let’s say for example, you wanted to add up all the numbers between 1 and 10. You could do 1 + 2 +3 +… 10 and try it that way. This won’t be easy for a large series of numbers unless you have a fantastic memory. However, if I lay the number out like this, can you see an easier way?

1 + 10
2  + 9
3  + 8
4 + 7
5  + 6

well, all those number pairs add up to 11, and there are 5 of them. Therefore adding the series of numbers from 1 to 10 equals 55 as we end up having 5 sets of 11. The basic formula for doing this is take the highest number (10) add the lowest number to it (1) then multiply that new figure by half the amount of the highest number (5).

Add all the numbers between 1 and 100.

We get highest of 100 plus the lowest of 1 equals 101. There will be 50 sets, so we do 50 x 101 and arrive at 5050

Trading

I’m getting increasingly more worried about the market as each day passes. Something doesn’t “feel right” about this any more. Most of my shares are drifting downwards. Not tanking, just a steady drift… I think I’ll bail out of most of them at somepoint this week. It feels a little strange. Hard to explain, nothing seems to make sense anymore

Definitely selling MER and WMH anyway, may keep BOK for a bit, they seems to be doing ok. As are ALT and AEX. Perhaps go a bit more conservative, or admit I’m gold bug and pile it into an ETF… WMH had a bit of a rally when they released their results. Lots of people taking profit from them now and they are certainly in a down channel. Same with MER, they seems to drop in Oct for some reason!

Banks artificially pumping house prices?

I heard a rumour recently that banks were artificially pumping up house prices by using a shell company. The company contacts the defaultor on the mortgage, and offers to buy their property for an over inflated price. The bank gets the money, and if the house devalues, it will be off their balance sheet.

They have form, as this article regarding Northern Rock from the Telegraph proves.

“Other examples of a more cavalier approach to management also began to emerge. In March last year, he and other executives decided to book an extra £39m profit by selling an “insurance policy” – known technically as an interest rate swap – which was meant to protect the bank against rising interest rates and which could have lessened the effects of the worldwide credit crunch. In June, the bank set up a subsidiary called Kielder Property Management to buy its customers’ repossessed homes, potentially profiting from their woes. Others in the industry shied away from such practices.”

Makes you wonder where all the money from Quantitive Easing has been going doesn’t it? Also, wasn’t this the same type of thing that Enron were doing prior to their collapse.

Like I said, all a rumour…

 

 


 

Moved

We’ve finally moved to Bournemouth, after a lot of packing, lifting, loading and unloading we have arrived. So far it seems rather nice, the seagulls are something that I had forgotten existed and will take some getting used to. They appear to have a habit of squawking in the morning, before even dawn has cracked. This often results in me being woken up at a silly time in the morning, I try to find solace by burying my head in the pillows. I’ve noticed too that some of them seem to have a “laugh”. This could however just be my paranoia