Investing In The Baltic Real Estate Market
| May 17, 2012 | Posted by Oddmund Grotte under analysis, economics & politics, investing |
In a previous article I mentioned the pros and cons of daytrading from another country. One of the pros was looking for other business opportunities. After living in Latvia for 1,5 years I have found some attractive real estate opportunities. This adds a great cash flow besides trading. Here is my analysis of the Riga… more
The Education of a Speculator – Victor Niederhoffer
| May 16, 2012 | daytrading, investing, literature |
It is many years since I read this book, but I think it is worthwile to recommend this book. This is the best book about speculation and trading, in my opinion. When I read other peoples opinion about the book, most tend to be negative. They are focusing on that his two hedge funds ended… more
Moving Abroad: Tax Implications for Daytraders
| May 15, 2012 | daytrading, economics & politics |
In a previous article I wrote about the advantages and disadvantages about living in Eastern Europe. By moving you might stumble into tax problems. This article tries to explain very short the implications. However, I am not a tax accountant so please do your own research. This article is just an indication. But by… more
Daytrading From Eastern Europe
| May 14, 2012 | daytrading, economics & politics |
In december 2010 I moved permanently to Latvia. Now I am the lucky owner of a very nice house and garden just outside Riga for 1/5 of the price compared to Oslo (where I moved from), and I can enjoy the very nice summers in the garden or in Jurmala. (I admit that the winters… more
Pros and Cons with Daytrading
| May 11, 2012 | daytrading |
When I talk to the publisher about the books I have written, he says people are crazy about daytrading. I am also fascinated about this fancy for daytrading. Is investing too boring? Do we like to “gamble”? Do we need excitement? Punishment/SM (for those who lose)? Personally I like daytrading better than investing. I am… more
Pivot Points – Is It Profitable?
| May 9, 2012 | Posted by Oddmund Grotte under analysis, daytrading, investing |
I have been investing and trading for about 16 years, but not until now have I had a look at pivot points (PP). We can read a lot about this PP in certain media magazines and by stock commentators. I am reading Briefing In Play before the US open, and they have a dedicated website… more
Implications of A Financial Transactions Tax
| May 9, 2012 | Posted by Oddmund Grotte under economics & politics |
(This piece is a rewrite of what I sent to several newspapers before christmas 2011) The European Commission has suggested a ”banking transaction tax”. In november 2011 they asked the representatives at the Council of the EU to express clear “support for the shift of tax burden from low-income population to the financial sector”, according… more
Some random thoughts about risk
| May 8, 2012 | Posted by Oddmund Grotte under daytrading, investing |
Risk is a very negative word for many, but as a trader you have to face financial risk (even ruin for some kamikaze traders) every day. But to make a living trading stocks you have to face risk in a bold way. IMO, the greatest opportunity for success goes to those who are not afraid… more
Economics In One Lesson – Henry Hazlitt
| May 7, 2012 | Posted by Oddmund Grotte under economics & politics, literature |
I have just reread Henry Hazlitt’s Economics In One Lesson, published in 1946. This very good, but short book, is about basic economics. This book should be mandatory in every public school. It takes about 2-3 hours to read and is illustrated with examples from real life. It’s my favourite book in economics and I… more
When Genius Failed – Roger Lowenstein
| May 7, 2012 | Posted by Oddmund Grotte under investing, literature |
I have just finished reading When Genius Failed by Roger Lowenstein. The book is an unauthorized biography of the rise and fall of Long-Term Capital Management (LTCM). For those who is not aware of this incredible story, here is a brief recap: LTCM was formed by trading and intellectual “geniuses”, both from the investment banks… more
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