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Sunday, April 15, 2007

Spread 'em

Quite a lot has been happening over the last few days - not least the fact that my brother-in-law plumber has become a dad 3 weeks earlier than expected. So the bathroom re-fitting is now on hold for approximately a week.
Place your bets - I wish I had. The Baby successfully chose the winner of this years Grand National, Silver Birch. The odds were 33/1 but I didn't place a bet, so failed to capitalise on his brilliance!

On the subject of bets, I have recently started Spread betting.

This is a method of speculating on a number of things, whether financial, sporting or political. I am more interested in the financial specualtion, and it is great fun watching how the markets perform and taking a punt on what will happen next.

Last Friday I bet (£2/point) that the FTSE100 would go up in value. It was a roller-coaster ride until lunchtime, when things started to even out, and I finished the day £70 up. Not bad for a starter.

I'm using a company called IG Index and they have a training programme called Tradesense. This is a six week course, during which the bets can be just pence, therefore allowing you to get comfortable with the overall concept of spread betting.

Finally - some news on my shares. Not a good week. The market dropped quite low on Thursday, which meant some of the value was reduced. However, Stagecoach bounced back like a trooper.
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