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Charlie Morris

Charlie Morris

Gold and X-ray Machines

Gold and X-ray Machines

Trade in Whisky; Syria falls, and they have lost their entire air force since Sunday. Gold inched higher, along with the dollar, yet oil shrugged it off. There was also a modest momentum crash as the prevailing winners in the stockmarket stalled while the losers rallied. The fact that the

Resistance at $100k

Resistance at $100k

ByteFolio Issue 137; 💡This issue covers Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), and Bitcoin Reserves. I showed this chart two weeks ago, and with resistance at $100,000 for Bitcoin, it’s still important, so I show it again. Bitcoin Price with Round Levels Big round numbers are a

Venture: Domestic Japanese Value

Venture: Domestic Japanese Value

Issue 53; Japanese equities had a major peak in 1989 and have been sluggish ever since. That is brought home by comparing them to the world index. On that basis, Japanese equities have been lagging the world since 1988, making yet another relative low (red) last month. Yet, since 1970,

Value Investing: Introducing Enterprise Value

Value Investing: Introducing Enterprise Value

My Journey in Finance; Following on from the price-to-sales ratio (PSR), we move on to the enterprise value-to-sales ratio (EVS). It is similar but takes the balance sheet into consideration. Imagine a business with £10m in sales. On a PSR of 1x, it is worth £10 million. Now bring in

Keller Group Plc (KLR) – Take Profits

Keller Group Plc (KLR) – Take Profits

KLR was recommended in ByteTree Venture on 28 November 2023 at 809p. A year has passed, and with the price at 1542p, having collected 47.9p in dividends, the stock has returned 97% with an IRR of 93%. It was a fabulous opportunity. Keller Group The brokers’ consensus target price

Opposites Attract

Opposites Attract

ByteTree BOLD Index Monthly Rebalancing Report; Following rebalancing on 29th November 2024, the new target weights for the BOLD Index are 25.0% Bitcoin and 75.0% Gold, a 0.4% increase for Bitcoin. The 21Shares ByteTree BOLD ETP (BOLD) invests in Bitcoin and Gold. BOLD combines the world’s

Lower Rates Lead to Real Estate

Lower Rates Lead to Real Estate

Trade in Soda; I recently added the long bond to the Soda Portfolio as evidence that inflation was calming enough to stabilise the bond market. Inflation may have been cooling for two years, but the bond market was still in the turbulence of the hikes of 2022. It seems 5%