Time flies, and even faster in retirement than before it seems. The early retirement days have been taken up with a few administrative tasks. The most important was having my redundancy agreement reviewed by an expert in these things, and as expected for a large company, all was in order and the advice, given the fact that I'm not looking to take my skills to a rival employer, was to accept and sign, which I duly did, although the final payout hasn't yet been received.
I also met with my financial advisor and all was good there, with no changes required to the balance of my investments at this time, much to the chagrin of Signora Cassini who is a little more risk averse than myself. I received some welcome support that it would be crazy to pay off the outstanding mortgage - which is at a very low interest rate - and, in the advisor's words, "let the bank off the hook", but I probably shouldn't have told her that I'd (literally) doubled down on Bitcoin, this time via BlackRock's iShares Bitcoin Trust ($IBIT) - but so far so good with Bitcoin on a strong run right now.
I'm not a crypto expert, but I feel now that Bitcoin is maturing, is becoming accepted as an asset, and has a certain future. Whereas my initial investment in Bitcoin (via $GBTC) was driven by FOMO, this latest one was made based on at least a basic understanding of the Bitcoin Power Law Theory. Anyway, I BIT - hopefully not more off than I can chew.
The redundancy money should see me through to next year at which time we (financial advisor and me, maybe the wife if she behaves) will meet again and see where we're at.
Hopefully that will be at, or close to, an all-time high which would certainly be psychologically much more positive than starting retirement with a market downturn. Sequence-of-Returns Risk moves from theory to practice very rapidly once that steady income stream is turned off.
Onto sports investing, and there's a new, and much improved, look to Killer Sports these days. The original site with results displayed in the old format is still available for now as the site transitions to its new look, but the updates look great and include some new features.
Old: New:
The new features include ROI, Profit and P-Value calculations, which will make my life a little easier as I update the Sacred Manuscript this summer.
The European club football season is over, and the NBA and NHL competitions are both down to their final (best-of-7) series.
I did notice that I had inadvertently posted some incorrect numbers for the Regular Seasons of these latter two sports. I'll put the errors down as due to jet lag rather than from any post-retirement senility creeping in.
I wrote that:
In the NBA, the regular season finished last month with ROIs of 2.4% (from 476 selections), 10.2% (171), 10.3% (69) for the primary systems, -0.5% (55) for the Rested Team System, and 4.2% (164) for the Totals System, a total profit of 42.38 units for the season.
Unfortunately the NHL Systems lost a combined 14.64 units this season, but ahead overall in the US for these two sports.
After taking a second look, this is what I should have written:
In the NBA, the regular season finished last month with ROIs of 2.1% (from 464 selections), 8.8% (166), 5.1% (65) for the primary systems, 4% (77) for the Rested Team System, and 4.2% (164) for the Totals System, a total profit of 37.48 units for the season.
Unfortunately the NHL Systems lost a combined 17.15 units in the regular season, but ahead overall in the US for these two sports.
The error I made was to include the playoff games in these calculations, so apologies to anyone who is validating these numbers for themselves and noticed the discrepancies.
I'll update the English Domestic and European Competitions in the next few days, and then it's a bonanza of international tournaments with the Euros in Germany and an expanded Copa_América tournament running simultaneously in the United States. The latter tournament features ten teams from South America's CONMEBOL federation plus six teams from Central and North America's CONCACAF.
For those of who enjoy backing the Draw in the elimination games for these tournaments, the results historically are:
It's worth mentioning that CONCACAF's Gold Cup tournament tends not to follow this pattern, as I have pointed out before. How the presence of any of these (CONCACAF) teams making it out of the group stage affects results will be interesting to see, but with only the USA and Mexico expected to advance, I suspect the tournament will play out as it would for a Copa or a World Cup. Argentina and Brazil are joint favourites to win this tournament, while for the Euros it's England in this position - no doubt due to the presence of no fewer than FOUR Crystal Palace players in the squad.
No comments:
Post a Comment