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
Alan Seymour's 
March 23, 2010 at 10:13 pm
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
March 24, 2010 at 9:33 am
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