DS1 got his HSC marks via email last night, and sent them via IM to DW and myself (he is currently on a train between Vienna and Venice - halfway through his 10-week post-HSC European back-packing holiday). His results were close to what he expected, or slightly better:
Economics 93/100 band 6
Mathematics 90/100 band 6
Modern History 90/100 band 6
Software D&D 89/100 band 5
English Adv 87/100 band 5
English Ext1 43/50 band E3
Chemistry 83/100 band 5
Plugging these numbers into an ATAR calculator suggests he should get an ATAR of around 95.75, which should be plenty for him to get offered a place in his first choice uni course (Commerce/Computer Science double degree at UNSW), especially as UNSW offers 'bonus points' for getting top results in the top bands in English Advanced, English Extension 1, Mathematics and they also offer bonus points for having completed the Gold Duke of Edinburgh award.
His actual ATAR will be released tomorrow morning, and the first round of university offers will come out on December 21. I'm very happy with his HSC results, and delighted that he should be getting into his first preference uni course. Hopefully DS1 gets home safely from his European adventure at the end of January, and is keen to apply himself to his uni studies in 2018.
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The ups and downs of trying to accumulate a seven-figure net worth on a five-figure salary, loose weight, get fit, do a post-grad course and launch a financial planning business - while working full-time.
Thursday, 14 December 2017
Friday, 1 December 2017
Net Worth: Nov 2017
DS1 has arrived in Europe for his 10-week post-HSC/pre-uni vacation. He had a couple of days stop-over in Singapore on the way, then spent a few days in Frankfurt before getting the ICE train to Berlin. He had a few days there (seems to be mostly visiting museums based on his IMs, but that might just be the sanitized version he is telling mum&dad). He left Berlin yesterday, travelling by train (he has a rail pass for ten days of train travel during his time in Europe) to Prague for the next stage of his journey. His HSC result and ATAR will arrive via SMS this month, and he'll find out if he gets offered a place in his first choice for uni (a Commerce/Computer Science double degree at UNSW).
DW is still looking for a new job, but is filling in her time doing some short courses and attending free investment seminars, playing table tennis etc. The sale of her investment unit 'settles' in a couple of weeks time, and she is planning on putting most of her $100K capital gain into her superannuation fund.
My net worth increased to a new high this month - due to the strength of the share market providing strong gains in both our superannuation investments and my geared stock portfolio. The valuation for our home dropped slightly (back to where it was two months ago), as the current weakness in the Sydney real estate market spreads to the more affluent suburbs of Sydney. The general consensus seems to be that the Sydney property market will decline by a modest amount during 2018 (maybe 5%-10% decline), but I'm not confident that we will see substantial gains in Sydney real estate during the coming decade, and we could see further falls if interest rates start to pick up.
Subscribe to Enough Wealth. Copyright 2006-2017
DW is still looking for a new job, but is filling in her time doing some short courses and attending free investment seminars, playing table tennis etc. The sale of her investment unit 'settles' in a couple of weeks time, and she is planning on putting most of her $100K capital gain into her superannuation fund.
My net worth increased to a new high this month - due to the strength of the share market providing strong gains in both our superannuation investments and my geared stock portfolio. The valuation for our home dropped slightly (back to where it was two months ago), as the current weakness in the Sydney real estate market spreads to the more affluent suburbs of Sydney. The general consensus seems to be that the Sydney property market will decline by a modest amount during 2018 (maybe 5%-10% decline), but I'm not confident that we will see substantial gains in Sydney real estate during the coming decade, and we could see further falls if interest rates start to pick up.
Subscribe to Enough Wealth. Copyright 2006-2017
Sunday, 26 November 2017
Cheap Geiger Counters
I recently completed a free, online course of 'the threat of nuclear terrorism' (provided by Stanford University) and I've always had an interest in civil defense (I used to be a volunteer member of the NSW State Emergency Service back in the 80s, when, theoretically, the SES was responsible for civil defense - these days radiological emergencies are the responsibility of the police, with assistance from the health department). I also recently completed a couple of free, online courses on radiological emergency management available from FEMA (https://training.fema.gov/is/). While a radiological emergency has a very low probability of occurring in Australia, if one did occur it would be handy to have a Geiger counter available. Also, DS2 is going to enter the 'Young Scientist' competition next year, so I thought it would be a good time to buy one and let him use it as a cool science gadget for his science experiments ;)
I initially bought a cheap ~A$90 'GMV2' unit from China, via banggood.com. The unit arrived safely and seems to be working OK. It has four 'modes' - uSv/hr or CPM, with or without a 'beep' every time the GM tube generates a signal (generally from gamma rays, but there is also always some random system 'noise'). The built-in rechargeable battery lasts about an hour, so for measuring background radiation over longer periods it has to be left plugged into a USB power socket. I've run it for about 15 hours non-stop on several occasions and it worked fine. Unfortunately, it doesn't have an audio or data output port, so for data logging readings ever minute for the 12-15 hours I've had to leave it sitting in front of my laptop webcam and use a free image capture utility to record the display every minute. Manually entering the readings into excel is quite tedious.
Background radiation readings in our kitchen are around 0.08 uSv/hr on average, and outside on the patio the reading is around 0.04 uSv/hr (which seems about right, since the official background radiation reading at the ANSTO monitoring station at Engadine normally hovers around 35 nGy/hr = 0.035 uSv/hr). Readings indoors generally tend to be higher than outside, as radon gas decays into particles, which tend to accumulate indoors. Fortunately most of Australia doesn't have a problem with high levels of radon gas, unlike parts of the USA and Europe.
To test the meter response, I looked around the house for possible radiation sources, and managed to get about double the normal reading when the Geiger counter was placed on top of a granite slab (a discarded remnant from someone's kitchen renovation) that we use as a step in our garden. I also bought a packet of 'lite salt' at the supermarket, which has around 50% of the NCl replaced with KCl, and potassium naturally has around 0.0117% radioactive isotope K-40. Readings taken with the Geiger counter sitting on top of a zip-lock bag filled with the 'lite salt' were around 0.12-0.15 uSv/hr, so it provides only a slightly elevated reading above background.
I've also ordered a couple of potential, low-level radiation sources for DS2 to safely experiment with - a packet of ten TIG welding rods that contain 2% thorium for $10, and some gas lantern mantles that *might* also contain thorium (the ones now sold in Australia no longer contain thorium, so I bought some 'extra bright' ones from China for $2, that, hopefully, are old-school). I'll keep these locked away in the garage, as they need to be handled and stored safely.
I took the Geiger counter along on a little field trip to a site (Kellys bush) in Hunters Hill that was used as a radium refinery in the early 1900s, and used to have some mildly radioactive slag scattered around the area (the local council used to make road base!). There had been a very expensive clean up of the area done only a couple of years ago (the more 'radioactive' waste was taken to landfill to alleviate the local resident's concerns), but I was hoping that there might be a few left over samples still to be found. It turned out that the background radiation readings in the area weren't particularly high (~0.20 uSv/hr), which is lower than you find in high altitude locations (less atmospheric shielding from cosmic rays), or in areas with naturally high background radiation. But in one area the background reading was around 0.25 uSv/hr and I collected a couple of samples of black rocks (possibly slag). Down by the waterfront I found a fig tree with several likely-looking black rocks scattered around its roots, and the background reading there was between 0.50-0.70 uSv/hr. I collected the most 'radioactive' sample I could find, and later I checked the reading again (in an area where the background reading was only 0.07 uSv/hr) and found there is a spot on the sample surface where the Geiger counter reading reaches 0.74 uSv/hr. Still not dangerous (the EPA limit for public exposure is around 0.56 uSv/hr above background), and well under the 2.25 uSv/hr level for constant exposure that would be considered a significant risk. I'm still going to keep it locked away in the garage though!
For DS2's science experiment he is intending to try and measure the natural 'spike' in background radiation that sometimes occurs when it rains (radon decay products can be 'washed out' by rainfall if it hasn't rained for a week or so. This can elevate the background radiation level by up to 50% or so, which then drops down to normal levels after a couple of hours. The half-life of the radioactive isotopes, Pb-214 and Bi-214, is around half an hour).
Since the current Geiger counter can't easily be used for data logging, I decided to buy a second, more expensive (A$185) Geiger counter (model GMC-320plus) from Canada (via Ebay). This model isn't any more sensitive or accurate than the GMV2, but it has a longer battery life (~ 6 hours) and provides data output via USB cable, and free software to log the readings. This will make it a lot simpler for DS2 to setup the instrument and leave it running, and he can just check the plot after a heavy rain storm to see if there has been any 'spike' in the background radiation.
While neither of these instruments is suitable for use as a 'survey meter' in the event of a radiological emergency (they are too sensitive and would soon saturate), they could provide an initial warning of heightened radiation levels and the GMC-320plus can be set to sound an alarm when a predetermined threshold is exceeded. They could be used to monitor levels within a shelter (assuming the shelter had a high enough protection factor).
Subscribe to Enough Wealth. Copyright 2006-2017
I initially bought a cheap ~A$90 'GMV2' unit from China, via banggood.com. The unit arrived safely and seems to be working OK. It has four 'modes' - uSv/hr or CPM, with or without a 'beep' every time the GM tube generates a signal (generally from gamma rays, but there is also always some random system 'noise'). The built-in rechargeable battery lasts about an hour, so for measuring background radiation over longer periods it has to be left plugged into a USB power socket. I've run it for about 15 hours non-stop on several occasions and it worked fine. Unfortunately, it doesn't have an audio or data output port, so for data logging readings ever minute for the 12-15 hours I've had to leave it sitting in front of my laptop webcam and use a free image capture utility to record the display every minute. Manually entering the readings into excel is quite tedious.
Background radiation readings in our kitchen are around 0.08 uSv/hr on average, and outside on the patio the reading is around 0.04 uSv/hr (which seems about right, since the official background radiation reading at the ANSTO monitoring station at Engadine normally hovers around 35 nGy/hr = 0.035 uSv/hr). Readings indoors generally tend to be higher than outside, as radon gas decays into particles, which tend to accumulate indoors. Fortunately most of Australia doesn't have a problem with high levels of radon gas, unlike parts of the USA and Europe.
To test the meter response, I looked around the house for possible radiation sources, and managed to get about double the normal reading when the Geiger counter was placed on top of a granite slab (a discarded remnant from someone's kitchen renovation) that we use as a step in our garden. I also bought a packet of 'lite salt' at the supermarket, which has around 50% of the NCl replaced with KCl, and potassium naturally has around 0.0117% radioactive isotope K-40. Readings taken with the Geiger counter sitting on top of a zip-lock bag filled with the 'lite salt' were around 0.12-0.15 uSv/hr, so it provides only a slightly elevated reading above background.
I've also ordered a couple of potential, low-level radiation sources for DS2 to safely experiment with - a packet of ten TIG welding rods that contain 2% thorium for $10, and some gas lantern mantles that *might* also contain thorium (the ones now sold in Australia no longer contain thorium, so I bought some 'extra bright' ones from China for $2, that, hopefully, are old-school). I'll keep these locked away in the garage, as they need to be handled and stored safely.
I took the Geiger counter along on a little field trip to a site (Kellys bush) in Hunters Hill that was used as a radium refinery in the early 1900s, and used to have some mildly radioactive slag scattered around the area (the local council used to make road base!). There had been a very expensive clean up of the area done only a couple of years ago (the more 'radioactive' waste was taken to landfill to alleviate the local resident's concerns), but I was hoping that there might be a few left over samples still to be found. It turned out that the background radiation readings in the area weren't particularly high (~0.20 uSv/hr), which is lower than you find in high altitude locations (less atmospheric shielding from cosmic rays), or in areas with naturally high background radiation. But in one area the background reading was around 0.25 uSv/hr and I collected a couple of samples of black rocks (possibly slag). Down by the waterfront I found a fig tree with several likely-looking black rocks scattered around its roots, and the background reading there was between 0.50-0.70 uSv/hr. I collected the most 'radioactive' sample I could find, and later I checked the reading again (in an area where the background reading was only 0.07 uSv/hr) and found there is a spot on the sample surface where the Geiger counter reading reaches 0.74 uSv/hr. Still not dangerous (the EPA limit for public exposure is around 0.56 uSv/hr above background), and well under the 2.25 uSv/hr level for constant exposure that would be considered a significant risk. I'm still going to keep it locked away in the garage though!
For DS2's science experiment he is intending to try and measure the natural 'spike' in background radiation that sometimes occurs when it rains (radon decay products can be 'washed out' by rainfall if it hasn't rained for a week or so. This can elevate the background radiation level by up to 50% or so, which then drops down to normal levels after a couple of hours. The half-life of the radioactive isotopes, Pb-214 and Bi-214, is around half an hour).
Since the current Geiger counter can't easily be used for data logging, I decided to buy a second, more expensive (A$185) Geiger counter (model GMC-320plus) from Canada (via Ebay). This model isn't any more sensitive or accurate than the GMV2, but it has a longer battery life (~ 6 hours) and provides data output via USB cable, and free software to log the readings. This will make it a lot simpler for DS2 to setup the instrument and leave it running, and he can just check the plot after a heavy rain storm to see if there has been any 'spike' in the background radiation.
While neither of these instruments is suitable for use as a 'survey meter' in the event of a radiological emergency (they are too sensitive and would soon saturate), they could provide an initial warning of heightened radiation levels and the GMC-320plus can be set to sound an alarm when a predetermined threshold is exceeded. They could be used to monitor levels within a shelter (assuming the shelter had a high enough protection factor).
Subscribe to Enough Wealth. Copyright 2006-2017
Wednesday, 1 November 2017
Net Worth: Oct 2017
My foot is still recovering from a bad sprain (I might have fractured a toe bone, but I haven't bothered getting an x-ray). DW is still looking for work. DS1 in the middle of his HSC exams and will be flying off to Europe for a back-packing/youth hostel holiday later this month.
My net worth reached a new 'all time high', mostly due to the strong run-up in the local stock market last month helping my geared share portfolio and our SMSF investments. The valuation for our home also increased slightly (based on suburb sales data). But the Sydney real estate market is definitely 'off the boil' with some weakness in auction clearance rates, a slight decline in the median home price for Sydney, and a 'glut' in new units coming on to the market. If the sale of DW's investment unit 'settles' next month she will be relieved, as it definitely looks like the rental and sales market for new units is getting weaker.
Subscribe to Enough Wealth. Copyright 2006-2017
My net worth reached a new 'all time high', mostly due to the strong run-up in the local stock market last month helping my geared share portfolio and our SMSF investments. The valuation for our home also increased slightly (based on suburb sales data). But the Sydney real estate market is definitely 'off the boil' with some weakness in auction clearance rates, a slight decline in the median home price for Sydney, and a 'glut' in new units coming on to the market. If the sale of DW's investment unit 'settles' next month she will be relieved, as it definitely looks like the rental and sales market for new units is getting weaker.
Subscribe to Enough Wealth. Copyright 2006-2017
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