[john kane]

thanks kimchi for giving a good explanation of spreadbetting as i think a lot of people can't do it due to country restrictions so aren't familar with it.

it's gone well with what little i've done so far, long gold has been great, wish i had long oil as i'd be thinking of doing for ages now, and yen is coming back against the dollar.

i think i will put a 20% stop loss on a chinese tracker fund, leveraging at 5 times.

i have a choice of 2823 A50 China Tracker or 2801 MSCI China tracker (from memory MSCI is morgan stanley china index, that is all i know). any advice on which one?

plan would hold till a couple of weeks before olympics. yes i know a lot of people have this idea and i am very late to the boat, but i think it would be a good idea nonetheless.

currently i have +£30 per $1 swing in gold
+£100 on every $1 increase vs £ but that is just a hedge on dollar holdings i have
+£100 on every 1 yen decrease vs $.

I'm going to triple the yen holdings, so i'd have £3k in total with going busto if it hits 123 yen to $1.

I'm going to put £3k into the china tracker, so for every 1% swing would be £200.

I'm also going to put £1k into northern rock, £20 per 1p swing in share price, so effective stop loss at around 160p.

so to summarise:

£3k in gold. 13% downswing = busto
£3k in china tracker 20% downswing = busto
£3k in yen vs dollar 9% downswing = busto (obv shorting dollar)
£1k in northern rock 25% downswing = busto

thoughts appreciated please.

edit: return is in line with the stop loss, i.e. 25% stop loss = 4 times leverage, 10% stop loss = 10 times leverage etc.
gold 3+ year long investment
china till olympics
yen/dollar till i read otherwise
northern rock long term but likely will settle after a few months and ill look elsewhere.

thoughts much appreciated.

so far up 13.75%, all tax free as well [img]/images/graemlins/smile.gif[/img]