Unemployment exists in Australia? Huh? Really?

I was talking to a person the other day and he asked me about my plans after graduation. I then replied:

“Oh, perhaps I’ll return to Malaysia after uni. Maybe I won’t apply for the permanent residency. You know, it seems really hard to get a job in Australia these days. Even Rio Tinto (a mining company) laid off hundreds of their people a few days ago. Unemployment rate is well through the roof right now. I don’t think I’ll be able to get a job here”.

To which he replied:

“Huh?? Unemployment exists in Australia??”.

I was gobsmacked…….

Moral of the story: Watch more TV πŸ™‚

The end.

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Steve Jobs’ Inspiring Speech (Stanford University 2005 Commencement Address)

Thanks to Boo for introducing this very inspiring video to me. It’s the video from YouTube of Steve Jobs’ (Apple Computers & Pixar Animation Studios) 2005 Stanford University Graduation Commencement Address/Speech.

I certainly could relate to pretty much 90% of what was said by Steve Jobs (besides the death part of course).

It’s a 15-minute video, so if you’ve got some time to spare, please watch it. It’s worth your time.

Anyway, below’s the video.

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When should I start investing? When should I launch my business?

Being young and inexperienced, I always get criticised when I talk about investment and business. Well, that’s to be expected of course. After all, how much knowledge can a 22-year-old have?

Often am I told things like:

  • “Why are you worrying about this so early, you’re still young”
  • “Come on lah, you’re still in university. Think about this after you graduate lah.”
  • “Focus on university first. Then only care about other things.”
  • “You’re still in university. Focus on that. And then work for a few years first, then only talk about starting your own business.”

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How to become very rich in Malaysia. Bagaimana untuk menjadi kaya di Malaysia.

Here’s an article that I came across a while back on The Star’s website.

THE STAR

Click on the link above and have a read. It’s an interesting article indeed.

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Should we save our money or go on a spending spree in the current crisis?

What do we need to do in the economic crisis that we’re facing at the moment? A lot of people are advocating that we shouldn’t splurge and we should save our money for the future.

Is that notion correct?

Going back to economics 101, it’s actually the other way around. As we all know, negative Gross Domestic Product (GDP) growth equals a recession. To support GDP, one actually needs to spend his/her money. Only then you can fuel the economy. If we save, we’re only crippling the GDP.

During an out of control economic boom do we only start cutting down on our expenditure so as not to allow the inflation goes out of hand.

However, of course, things are not as simple as that. The emotional distress that a financial crisis gives you alone is enough to deter you from going out there and shop like there’s no tomorrow.

Also, one thing to remember, splurging helps the economy but will be bad for an individual’s nest egg. Agreed?

Please, my readers out there. Do participate in the discussion. What do you reckon? Should we spend or should we save?

P.S. If you ask me whether am I spending or saving, I’d say I’m saving my money. I’m pretty much scared shitless thinking about what’s going to happen to me after I graduate.

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Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.

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Can I still achieve what I plan to achieve by the time I’m 30?

Truly, the global financial crisis that we are facing right now is taking a toll on me.

My unit trust investment with Public Mutual is down around 35%, and my CFD trading activities is crippling. I’m still making money with CFD but my bank balance is advancing very very slowly. One day I’m up a few hundred dollars and the next day, I’m down a few hundred dollars. I made a loss last quarter but it’s getting better this quarter (I hope). Whatever it is, my trading performance is beating my unit trust investment performance but of course, I can’t be comparing them two. It’s like comparing apples and oranges.

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Conversations with Bim and Tam: 17th January 2009

I have a good friend named Qil and I have been his confidante for some time. He talks to me about everything, be it his joys or his perils. Well, he talks mostly about his perils really. One topic that often comes up in our many conversations is about his ever so frequent conflicts between him and his parents, Bim and Tam. Qil gets really frustrated when often, Bim and Tam just couldn’t understand him. They couldn’t understand what he needs. They couldn’t understand his pain. They JUST couldn’t understand his situation. Perhaps they are just too clouded with their pride. Can’t blame anyone really. It’s just two sets of thinking at work.

In saying that, in this series, I will share with you some of the conversations that Qil had with Bim and Tam.

This series will look at the clashes of minds between two generations.

In determining who is right or wrong, well, it’s up to you.

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Amidst this financial crisis, it is important to laugh and let loose a little bit :)

Here are three hilarious videos that I found on YouTube.

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Market Commentary 17th June 2008: Crude Oil prices set to fall? Harga minyak mentah dunia akan jatuh?

I see two possible scenarios unfolding in the near future that could lead the world Crude Oil prices to ease and perhaps fall drastically.

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How long will it take: The Rule of 72

In the world of finance, there’s a thing called The Rule of 72.

What that rule is about is to basically let you estimate how long it will take to double your money, given an amount of expected return.

There’s actually a complicated way in explaining The Rule of 72 but in this article, I’ll keep it simple.

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