Monthly Archives: April 2012

Some of my living costs in Brazil

People have asked me about the living costs in Olivença in Brazil, in a typical beach town, so I wrote this in reply to this comment: Hi Mike, I really hope it works out for you. Here are the costs … Continue reading

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VXX represents a VIX future expiring in exactly one month

VXX represents VIX future expiring just one month from today. That is because the VXX is the weighted average of its 1st and 2nd month VIX futures. For example at the renewal of the VIX futures you have 100% of … Continue reading

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Added more Tesco Plc

I added today the equivalent of 700 UK shares via CFDs (contracts for difference, only for European stocks). The idea of using CFDs is to avoid paying the UK stocks stamp tax, a significant steal, also because of the lower … Continue reading

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Use thy derivatives wisely

You can invest 1 million directly in stocks, or 100 K in CFDs (contracts for difference, only available in Europe) and leave 900K in the bank, for the same portfolio. If there is a market crash you might lose your … Continue reading

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My “non-investing” life lately

I just bought a big body board for Pablo Mateo, my son, the one who has 5 years, almost 6, (I have 4 boys aged 19, 5, 3, and 0!). It’s so big for him that he actually stands on … Continue reading

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VXX shorting model (sell signals)

This is a call to all the guys that bought the VXX pricing model to email me if you want a special update. I already managed to contact several of you with a new version which includes a selling model, … Continue reading

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Closed my TLT covered put

Just closed the TLT Jan 2013 90.000 put which was a covered short, covered by my short TLT positions. For those unfamiliar with the concept let me say that selling a covered put short is the short side equivalent of … Continue reading

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Added Banco Santander and initiated Tesco Plc

Today I added 5 Banco Santander strike 5 ADR call options with strike Jan 2014, bought at 220 dollars each. The bad thing: First of all let me say, that the script dividend achieves nothing, they only print shares and … Continue reading

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