Water was all around, so I only had a 16-ounce plastic pop bottle (1 ounce) and a few iodine tablets for purification. I took a good drink before I packed up.

I found fresh bear tracks on the beach. The bear had walked within 60 yards of where I slept. I had a freon horn (2 ounces) that I’d bought after reading that people have used it’s high-decible shriek to scare off bears. I pulled it out. I followed the tracks for an hour, but only because I was going in that direction.

I had two old cabins to explore, another patch of berries I knew about, and a beach full things to check out. The strangest item that regularly washes up is light bulbs. I take them home to use them. After years of finding these, a sailor finally told me that they throw them off the ships to shoot at them in the water. I was finding the ones they missed.

The next day I headed back. The rain I expected never came, so I didn’t get to test my garbage bag rainsuit (2 ounces), but I had used a similar one with success before. Overall, I was happy with my ultralight backpacking "test." Of course, you can get by with fragile clothing and gear when you’re hiking an open beach. Oh, and I never did see the bear.

The UK is a world leader in financial services and one of the newest growth segments

in that market is Spread Betting which, from small beginnings in the 1980s, is

now growing at a blistering pace.

Some operators of spread betting platforms are no so

large that they are now listed on the London Stockmarket.

Circumstances vary from country to country but the

rationale behind this form of trading is the opportunity to leverage up a small

amount of money to control a disproportionately large quantity of shares or

other financial instruments in a very tax efficient manner.( In the UK, bets

are free of both stamp duty and Capital Gains Tax). It also affords the

opportunity to make money from something that is falling in price. On the

downside, the leverage element ensures that any losses are also

disproportionately large compared with the sum of money laid out.

Although technically classed as gambling, financial

spread betting is not regulated in the UK by the Gambling Commission but by the

Financial Services Authority who are probably more inclined to regard it as

speculation.

Spread betting can be used to back one’s hunches in

all sorts of financial instruments such as shares, commodities and currencies.

Many investors use it to hedge fully paid up investments in these markets.

In its simplest form, a spread bet is a wager that an

instrument is going to go up or down in price by a sufficient margin to cover

the “spread” or difference between the buying and selling price. This margin is

the profit accruing to the operator of the spread betting platform which has

been selected. The company concerned is effectively acting like a bookmaker and

undertaking to honor your bet if it comes good.

To illustrate how a spread bet might work in practice,

let’s assume our bettor expects Vodafone shares to rise from their current

price of 170p to sell and 171p to buy. If he was to buy, say, 1,000 shares in

the stockmarket, this would cost £17,100 plus stamp duty and broker’s

commission, let’s say a total of £17,200.

Instead, our spread bettor elects to “control” the

same amount of shares using a spread bet. If his chosen spread betting firm is

quoting 170p to sell and 171p to buy, he opens a Buy bet at 171p for £100 per

point. If the shareprice subsequently moves to 180 p to sell, anyone who had

physically bought 1,000 shares at 172p including costs, would have made £800

profit on a £17,200 outlay or 4.6 %.

Meanwhile, our intrepid spread bettor has cleared

£900. The spread betting firm he used would have asked for a deposit or “

margin “ of the underlying value to cover any losses and, let’s assume on a

very marketable share like Vodafone, this margin requirement was 10 % or £

1,710. He has therefore cleared a very healthy 53% return on his actual outlay

without incurring any tax liability. This clearly demonstrates the benefits of

leverage or “gearing” when things go well.

The other side of the coin is that, if the shareprice

had fallen by 10% instead, the spread bettor would either have to choose to

accept a loss of £1,710 or deposit another 10% margin in anticipation of a

price recovery.Reducer accessories--https://www.jiahuangtech.com/product/accessories/



コメント

お気に入り日記の更新

テーマ別日記一覧

この日記について

日記内を検索