Please buy the sheep so they don't die.

Saturday, May 27, 2006

Like sand through the hour glass

I'm tired. Officially. I had to take the afternoon off from work yesterday because i needed a nap. Coming from a 24 year old, my manager found that strange but nevertheless after a second of apprehension decided to give the half day. I have been travelling every week. It's routine. But it still tires me. After a while, i just want to crawl into bed and wake up late and have scrambled eggs for breakfast at 9am, instead of being in the freezing office at 730am munching on Koko Krunch. End July will mark my 1st year of work. I will undergo an appraisal and get my remuneration. One of my clients mentioned before, "You are only paid what you are worth." My ego expects $$$$$$.
I love my job though. The learning curve is steep and I am constantly learning new things. But in the true spirit of young foolish bravado and greed, I have to carefully plan my next step. Where do I go next?

*market news*
Things are on the upswing, bullish Asian economy.. there is definitely more liquidity which is a good thing because you get a healthy circulation of money going round. Increased capital flows give rise to increased labour mobility. Companies are hiring, people are leaving for bigger pay checks, more operations are starting up shop. CSFB alone is hiring 900 people in Singapore. Which basically suggests that they need to increase human/intellectual capacity to grow the business, however, it may suggest that productivity is going down, and they need the numbers to bulk themselves up against the bigger players. The increase in revenue from their buff up in size SHOULD offset the higher overheads of course, or you will definitely see them packing their stuff in cardboard boxes once the bubble bursts.

Funds are booming. The sell side is enjoying more spending power from the buy side. Good time to get into a nice fat hedge fund. My top 25 clients have reported first quarter earnings that rose from anything between 20% to 45%. People are making moolah. Lots of moolah.

Is the economy overheating? Maybe. Where is all the money/increased liquidity coming from? Assuming that monetary policy doesn't loosen and interest rates remain stable, too much liquidity will only dilute the value of assets.

Its a good time to get a job in Finance. People are hiring. But i say, bolster yourself. It's going to be a shite job and you don't want to get stuck in a career rut in the next economic cycle.

Enough with the market bullshit. *I had to vent*

Got into a habit of swimming. Been swimming 3-4 times a week. My mom and dermatologist are going ballistic about me spending too much time in the sun. I plan to swim at night, when the sun is sleeping. Still running. Hitting a plateau though so i squeeze in a good cardio training on Monday evenings by sneaking off work early to play floorball at SMU at 5:30pm. Then I catch the 8pm plane. It's crazy. I am leading a hectic life.

Cannot lah. Must get married soon and spend someone else's hard earned money. Haha.

0 Comments:

Post a Comment

<< Home