2008 Trading Accounts

January 1, 2009

I kept my trading capital at  GBP 50,000 in 2008,
withdrawing my profits each quarter

Q1 2008 Q2 2008 Q3 2008 Q4 2008
TRADING INCOME 18438.26 18332.89 17855.62 14522.14
TRADING EXPENSES
ISP 60 60 60 60
ARBITRAGE SERVICES 397 397 397 397
TRANSACTION FEES 198.33 264.33 242.15 227.10
CURRENCY LOSSES/GAINS -18.12 -31.22 +5094.66 +984.22
BONUSES 1675 825 450 400
NET PROFIT 19439.81 18405.34 22701.13 15222.26
HOURS WORKED 376 372 380 312
EFFECTIVE HOURLY WAGE 49.04 49.28 46.99 46.55
NUMBER OF ARBS 886 895 851 799
AVERAGE TOTAL INVESTMENT 649 632 621 603
AVERAGE PERCENTAGE 3.21 3.24 3.38 3.01
ROI FOR QUARTER 36.88 36.67 35.71 29.04
ROI FOR MONTH 10.99 10.81 12.50 11.48
SOURCES OF PROFIT Q1 Q2 Q3 Q4
ARBS FOUND MYSELF 7051.64 6855.24 8022.79 7994.91
ZERO-RISK-ARBITRAGE 9436.77 9361.28 10728.36 9231.82
In Q3 2008, I exchanged some of my USD for GBP as the rate moved heavily in my favour. This resulted in an unexpected currency profit of just over £5,000
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2 Responses to “2008 Trading Accounts”

  1. Robert Matthews Says:

    Great site; very useful and encouraging for someone like me, who’s thinking of getting involved in arbing. One thing that might be worth emphasising is that your profits are all net of tax (which is zero). I’d be interested to know what the PAYE equivalent is (and how it affects the hourly wage….). All the best


    • Dear Robert,

      Thanks very much for writing.

      That’s a good point. I suppose that a rough guide to converting it to a taxable-income equivalent might be to add 35% (This coefficient will obviously change according to the whims of the chancellor over the years!)

      All the best.

      Sincerely,
      Alan Seymour


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