Wednesday, October 8, 2008
From the news on Yahoo, it's speculated that S'pore is heading for a recession and it could take 2 years to recover. For those who have just graduated and have yet to secure a job, I guess their concern now would be to move quickly to grab a position so as to tide over the next 2 years. 2 years isn't a short period of time. Unless one decides to go for a postgrad. degree in the meantime so as to have an advantage over others 2 years later, it might prove to be a long wait for an appropriate job to come along. High salary is even more unlikely.
In today's Newpaper, an investment manager who's only 27 lost $90K in just 2 days because of the crashing of stocks. Nevertheless, at least she's still getting an income of $6K/mth plus commission which during the better months could be up to $10K (now she expects commission to be about $1000 plus per mth *which to us normal humans us almost like our mthly salary*). Plus she still has more than $100K worth of fixed deposits in other currencies like Australian dollars, etc. This lady is one hell of an investor as one can see.
That probably explains why she sounded calm about losing $90K. To her, it would only mean cutting down on meals at restaurants from 3 times a week to once a week and LV bags from one every 3 mths to one per year "-_- I guess the financial crisis does affect many people but to a different extent.
For those who are already working. Hopefully no one will get retrenched. So long as a person isn't retrenched and isn't facing a pay cut, I supposed there's light at the end of the tunnel even though the bonus may not be so good for the year.
I managed to set aside a couple of hours today to bake cookies. Haven't baked anything for a long time and I just wanna do something I like within this period of craziness. It's not like I'm getting $20K plus a mth so I don't see why I should sacrifice everything. Reality is tht there's 1 less zero in the earlier stated value.
BLEH!
Back to work.
Serendipity believed today at 4:24 PM
