On the way to get a needle in the bum
You know you onto a good thing when it gets featured in a magazine, recognising it for all it is worth, grace and glamour. It reinforces your perception of self, style and taste. So what was featured in a magazine? My coat! It was in the Sydney magazine today and I admit, I'm quite pleased. So its no Vogue, or Bazaar or Pour Homme, but nevertheless, the pages are glossy and the price tages were high. This marks a first for me; where something I bought gets featured after the fact.
But I guess thats been the only source of enjoyment this week because I am sick. I don't know what it is but its is very painful. Apparently I have ulcers and infections running down my throat that makes drinking or eating extremely painful and excrutiating with a piercing headache everytime I move a limb. On top of that, I had to get blood tests to rule out numerous scary diseases with success occuring on the third puncture of skin and I'm still waiting for the verdict. So I've been on and off work for the past few days but the real highlight is now I have to get big fat injections everyday for a week up the bum to ensure I have an abnormaly high dose of penicillan! I'm just happy that I was wearing respectable underwear.
on the way to www.dictionary.com to look for the meaning of integrity
As I was completing my Securities Assignment one month before the due date, I came across the question where I had to analyse the various capital and funding sources and their impact on a start up company in the case study. My response: "A hybrid security that offers the benefits of interest repayments on equity based funding is best for the company. This will enable the company to offer a lower return to investors than pure debt instruments while the company is establishing itself within the market, after which investors have the option to convert the securities into ordinary shares when earnings will have stabilised growth.” And then it occurred to me, that company is me, albeit I have unlimited liability and reduced tax concessions.
How is that company a metaphor for my current position? Well, I’m trying to establish myself within the market and to do this; I’ve adopted an expenditure and acquisitions policy. Spending on assets that will maximise my future earnings potential so I can become, how should I say, a ‘hot’ stock everyone wants to own and be associated with. But what assets are worthy of my acquisition? Well, I think you all know what they are. Hint: wishlist. Are they outrageously expensive? Of course, but when they are amortised over their expected useful lives, they’ve entered the realm of cheap’n’cheerful, where even I can not refuse.
But the core of any acquisition is the funding. This is where, I think, I have the most flexible policy at this stage of my position and it involves the use of debt and equity. Debt – obviously credit cards and equity, my earnings. The policy involves putting everything through on credit where the resulting rewards will reduce the cost base and all earnings are placed in a high yielding account to pay the debt in full every month as to minimise servicing costs. I don’t think I’ve formally developed this policy until yesterday, where over lunch with tong xue men (fellow Chinese school students), we were discussing credit cards and the stealth ways of how banks attempt to slap any sort of fees onto you. This is where I joined the conversation (as I have never experienced any ridiculous bank fees yet) and I told them, formally, my funding and expenditures policy and how I bought a happy meal at McDonalds on credit the other night. Undoubtedly, they were shocked! $3.95 on credit! What company would allow such frivolous transactions; this is where I remarked that the cheapest I’ve done was $1.50 on a birthday card at Target and how I never buy the newspaper unless I can get it on credit and how I don’t pay any bank fees because the bank still thinks I’m a full time student because I put down 2008 as the year of my graduation. After the laughter died down, everyone gazed at me with a look of enlightenment and I admit, I felt proud that I’ve taught people how to
rort work around the banking system.
But back to the core issue of establishing companies, I think all that bullshit at the start of the blog is my attempts at rationalising my expenditures where once again, the acquisitions policy was in full force yesterday.
Am I going to be more aware of my spending because of my rationalising? No
Am I going to learn anything from this experience? No
Am I going to stop telling people my exploits of the bank? No
Am I going to reduce spending with debt? No
Am I going to learning anything from my Securities assignment? No
Am I going to put everything on credit? Yes
Am I going to maximise my utility of my recent acquisitions? Yes
Am I going to become the hottest stock in town? Yes and Hell Yes
on the way to buy my second cup of coffee
It has been two weeks since my last blog and it seems that I don't have much to say anymore. And it is true, there isn't much I want to say. I'm content with life at the moment so much so that I've even worked out the problem of my discontent in the last blog: choice. Never before have I had the option of having options, having choices, the freedom in deciding what I want as opposed to what I need. I think I am evolving from the confines of spending the majority of my adolescence eveloped in the notion of cheap'n'cheerful, where things and events are evaluated on the notion of 'if it makes you happy and is cheap, buy it.' My recent credit card statement will show counter that notion. And it boils down to choice. I
can now afford to choose between the tall havelnut mocha latte rather than the plain old short flat white. I
can now afford to fly to Paris and stopover in London
and Rome. I
can now afford to buy that fine merino wool sweater cardigan than just that plain wool jumper. I
can now afford to go into that swanky restaurant rather than head straight to McDonalds for a quick feed. And frankly, all this choice is bewildering.
I feel as though I am lost in this unknown and strange world where the sparkle of my credit card is the only glimmering light to guide me though the throngs of materialism and commericalism, enabling me to separate the needs from the wants from the musts.
But I guess I'm in a better position that most people and for this, I should be thankful and I am. I am thankful that I got a new credit card to guide me. However, I'm still in the unenviable position of not knowing what I want even though I have choices. So what do I do? Leave it to the realms of probability where the coin, surprising, plays an important role.
"Actually, I'll have vanilla in the coffee instead, thanks"
An a more serious note, who is pissed off at the governmen'ts new baby bonus and family assistance packages? Makes me want to get marriend and poke holes into my condoms. Its so unfair. Why should people with children get all the benefits? I have children too and they need support, but I am getting nothing! Its unjust. Children get all the benefits, free public transport, cheap medicine, cheap tickets, cheap food and they don't even have the sophisticated taste to enjoy all those cheap things. *Aiya, my cheap'n'cheerful mentality is taking over* Sorry, I hear you ask, my children, didn't you know? I guess you want their names. Well, the oldest is Louis, then Gucci, then Prada and the youngest child is Dior - and they are by all means don't come cheap! I wish I got $600 in free money...
on the way to buy some krispy kremes
I apologise for not writing frequently enough on this blog. The excuse, I've been devoting my time to other, probably, less deserving activites. Right now, I'm juggling between: -
*Looking at holiday destinations: London or Rome and Singapore or Thailand
*Researching unit trusts: torn between Perpetual, Challenger and miscellaneous boutiques
*Comparing notebook computers: IBM vs HP vs cheap made in Taiwan brands
*Devising a new wishlist: need I say more
*Paying bills via internet banking: I'm so broke
*Watching a documentary on SBS about orally transmitted STDs featuring both women and men in the UK: it seems now that safe sex involves going to a GP, getting tested, shagging till the results are in and shagging till the next test - don't these people use other contraception besides their appearances?
*Planning a savings strategy to buy a notebook bag to put the notebook in
*Realising that all the research about unit trusts has been done for me via work and morningstar
*Debating the merits of buying a heater: to be enviro friendly or sit here shaking from the bitter cold; leaning towards the more cost efficient method
*Browsing rental properties in the inner city suburbs
*Procasinating the start of my SIA assignment
*Comparing designer furniture makers for above-mentioned rental property
So you can see, I've devoted my free time *kong* to frivilous causes. I'm so torn and conflicted between many things going on right now, none of which have any immediate importance. I need something that will make decisions for me, rather, I should become more decisive, driven and blunt in making insigificant decision.
There is something rotten in the state of my mind. I'm planning for the future but am having trouble deciding whether coffee or tea will go better with my donuts. The solution? A glass of cheap faux champagne - Moit & Shandon
Whoever said the simple things in life are often the best have obviously not walked in my shoes and whoever said alcohol does not solve any problems have obviously not had the choice of 12 differnt donuts in front of them.
tyarrhea refilling his flute with cystal golden wine chilled from the fridge like properties of this room
