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educational blogs |
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It’s a Saturday Night and needless to say there is nothing bearable to watch on TV, so I thought I could spend an hour or so creating a Draft of a new Blog Idea I have had kicking around for a while. As it played out, I looked through my list of possible Blogs to make a start on and nothing was really leaping out at me although I remembered an idea I had recently to do one about the importance of being Patient - and because it is something I profoundly think could help many Readers hugely I decided it would be quite an ‘exciting’ thing to write (that gives you an idea of how dull the garbage on the TV tonight is !!).
I am bemoaning the TV there but in truth I must just sing the praises of that ‘James May’s Toy Stories’ series which was first shown on the Beeb perhaps 3 years ago or around that but it has been recently repeated on something like the Discovery Channel and tonight while I was troffing my Curry they had the one where his team of genius Engineers (basically a chap called ‘Simmy’ really) build a Motorbike and Sidecar out of Meccano and then attempt to ‘race’ it around the Isle of Man TT course (I say “race”, but in truth it only does something like 7 mph). This is all relevant because the ‘Skill’ of Patience is written all over this utterly insane challenge and obviously applies to the painstaking and presumably utterly tedious task of creating the Bike out of thousands of tiny pieces of Meccano and their associated tiny Nuts & Bolts and Washers and stuff but also because so much of it had to be machined to make items like a Final Drive Chain and an incredibly complex Wheel (well, 3 of them in fact).
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Those Who the Market seeks to Destroy it first drives Insane - Weekend Charts with TEP and DVO24/6/2018
As usual I am not sure how much time I can spend on this tonight as there is a round of the World Superbikes from Laguna Seca (with the infamous ’Corkscrew’) in the USA on Eurosport at about 9.30pm and tomorrow I am off to Duxford Aerodrome to meet up with a few people and I will be doing a fairly early start tomorrow (for me !!) and I don’t want too late a bedtime tonight !!
If you are reading this in time to join us at Duxford, near Cambridge, then feel free to come along and there are more details on my Homepage - I should get there about 12.30pm but of course you can turn up whenever you like and I will head straight to the Canteen bit for ‘refreshments’. Last Week The Title for this Blog comes from the crazy Market we had last week - it really was all over the place with no clear direction and it looks like we are into the Summer Soggy period and this could continue quite some time and of course the World Cup probably is distracting people and we then have Wimbledon not far away.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
If you have not yet had a chance to read Part 1, then you can find it here: http://wheeliedealer.weebly.com/blog/primary-health-properties-php-buy-rationale-part-1-of-2 Valuation At the time of writing this Blog the Mid Price in the Market is 114p - I will use this Number for the purposes of this Valuation Section but of course in practice the numbers change as the Price moves up and down. Normally when I write these ‘Stock Buy Rationale’ Blogs I tend to use the actual Buy Price that I paid and that is obviously logical and relevant. However, in this case I am so late in getting the Blog published that I think it might be more useful for Readers if I use a Price closer to the prevailing Price at this point in time. Having said that my Buy Price was about 112p so it is not wildly different anyway.
I am sure I will have to rename these Weekend Blogs - increasingly they seem to contains copious amounts of Words and less and less Charts - so perhaps they should be ‘Weekend Words Blogs’ - although of course that lacks any kind of a ring.
Last Week We really had a ‘funny’ one last Week - I managed to gain 0.3% for my Portfolio on UK and Spreadbets stuff which was a bit disappointing after we had a massive Up Day on Thursday but this got almost totally wiped out with a very rubbish Down Day on Friday (I’m glad I spent most of it sat at a Pub by the River Thames in Windsor). However, I did get a nice surprise later in the evening when I worked out the Numbers for my US Unit Trusts (there are just 2 of them - AXA Framlington Health and Henderson Technology) which had a good Week mainly due to the strength in the Dollar and relative weakness of Sterling and this meant that Overall my Portfolio was up 0.7% for the Week which of course could have been better but I am reasonably happy. To put it into context, if I could make 0.7% every Week over a Year that would be a Total Return of over 36% - I wouldn’t moan at that !! Guest Blog from Justin Scarborough - Finance for Non-Finance People - Part 2 Company Valuation13/6/2018
This is the Second Part of an excellent Article on Accounting Basics produced by Justin (@justinscarboro2 ) and kindly offered for sharing on my Website. If you have not read Part 1 you can find it here:
http://wheeliedealer.weebly.com/blog/guest-blog-from-justin-scarborough-finance-for-non-finance-people-part-1-the-basics Oh, and while I think about it Part 1 had some excellent Reference Material in it so I have created a new Blog Category called ‘Accounting’ so if you click on that you should be able to find it quite fast in the future. This Second Bit covers Company Valuations in the main and I did some Blogs myself on this subject quite a while ago now and you can find those here: http://wheeliedealer.weebly.com/blog/valuation-valuation-valuation-bursting-for-a-pe-part-4-of-4 There are Links at the bottom of that one to the earlier 3 parts. Cheers, WD (P.S. - Thanks Justin, the feedback I have had from WD Readers has been really glowing on Part 1 and I expect we will get more such applause for this bit - Pete).
As always I am starting this Blog later than I wanted to and most unusually I am doing it on a Saturday Night because tomorrow Night I am off to The Anvil, Basingstoke, to see The Shires and really getting quite keen on the idea. If you don’t know them they are a Boy and Girl from ‘the shires’ and are probably at the leading edge of a Country Music scene in the UK. I really like them because their voices go really well together (think Lady Antebellum) but they also have a lot of quite rocky stuff on their Albums - maybe this is no shock when you consider that Rock‘n Roll had its roots partly in US Country music. If anything you could perhaps liken them a bit to Fleetwood Mac and funnily enough they quite often do FM Covers at their gigs. I have a feeling there is a Link at the bottom of the ‘Wheelie’s Bookshop’ page to their first album and although all 3 of their Albums are pretty good it is probably this one that stands out.
I am sure this is a Blog that Readers will find extremely useful, especially those who are fairly new to the Great Game and want to get their head around the whole ‘Accounting’ thing a bit more. This Blog arose after some conversations on Twitter and Justin (who has an Accounting background) said he had produced this a while ago and that if peeps wanted it then he would send it over to me and I could shove it on my Site - thanks Justin, you saved me writing a Blog this Week !!
You can find Justin on the Tweets as @justinscarboro2 and he is well worth following because he is very knowledgeable on the Stocks and I think until just a few years ago he was an Analyst in the Retail Sector and he has also worked in many Senior Roles in various Companies, most recently with Air Partner AIR. After reading it through I decided it was pretty involved and made the decision to chop it into 2 Parts - next Week I will published the bit on Company Valuation. I hope you enjoy it and huge thanks again to Justin for providing this excellent material. Cheers, WD.
I have no idea how much I can fit into this Blog as I am starting it quite late in the day after a pretty busy Weekend and with time seriously squeezed. Yesterday I went down to Swindon to see my Mum and Brother and after a lovely relax in the Sun at The Royal Oak pub at Wooton Rivers just outside Marlborough we went on to Devizes (past Silbury Hill and Avebury and various Long Barrows etc.) to see where my Mum grew up.
It’s quite strange because although I have known all my Life pretty much that my Mum came from Devizes I have never actually seen (or perhaps more importantly ‘appreciated’) where the House was and the environment/scenary in which she was a Little Girl etc. I’ve always known that her Father (my Granddad obviously) worked on an Estate doing Farm work but in my mind I had this image of flat Agricultural Land which I think was a ‘false memory’ that came about because when I was a Kid we must have driven through Devizes and my Mum and Dad probably said “oh, this is where your Mum comes from”. |
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