Pay Day
I think I have made more out of iPredict on the budget, than I did from the actual tax cuts.
I’ve just had a total of $1,250 paid out on GST not going up before 1 July (it goes up 1 Oct) and the top tax rate going to 33c (or 34c) and it got paid out today so my iPredict bank balance just got $1,250 higher.
I’ve invested recently in the UK Labour leadership contest – my money is on David Miliband – for now anyway.
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Tags: iPredict
May 21st, 2010 at 12:03 pm
If iPredict was under the jurisdiction of any securities commission, you’d be sharing a cell for insider trading.
[DPF: Insider trading is allowed and encouraged on ipredict. That is how the price gets to the right level. However I have a personal rule to never act on inside information from any government source. I will act on information I hear through third parties etc as it is already out there to some degree, but if I ever hear something directly from someone in Government and/or Parliament, I won't act on it.
With the budget I did not know if the top rate would go to 33% or not. My predictions were based on what had been publicly reported.]
May 21st, 2010 at 2:15 pm
I did alright as well, now focusing my returns on predicting the polling results for national in June with the announcement of the budget. I think I’m going to buy stocks for between 51.5 -53.5%
May 21st, 2010 at 2:18 pm
DPF: However I have a personal rule to never act on inside information from any government source.
Oh you pansie….
Clearly you are not intouch with your inner evilness.