Dividends and Passive Income (Aug 2010)

Received some dividends from my holdings in certain real estate investment trusts (REITs).

The following 2 REITs paid out distributions for the month of Aug 2010:

1. Ascott REIT ($423.60)
2. Suntec REIT ($25.28)

Total passive income and dividends for Aug 2010 = $448.88

It seems that dividends are still the main source of passive income for me as I do not have any money generating businesses or stuff to provide me with more passive income.

Youth Olympic Games

For those of you who missed the closing ceremony of the Youth Olympic Games, here is the video for you to enjoy.

Personally, I felt that the YOG was a huge and resounding success. Though I wasn't personally involved in it, I really felt proud to be a Singaporean to see the beauty of our country and its skyline broadcast to so many nations overseas. Watching the closing ceremony of the YOG literally gave me goosebumps when I heard the national anthem and also the song "Its not about winning(?)". It was simply amazing!

Singapore has really transformed over the years and I cannot say how amazing it is to be living in such times.

As Ng Ser Mian says, WE HAVE DONE IT, WE HAVE DELIVERED.

Hosting the YOG is indeed a proud moment in Singapore's history. And I am proud to be a witness to these times.

I was in Singapore where it all begun...

Curriculum Vitae or Resume

I have wondered about the differences between a C.V. (Curriculum Vitae) and a resume.

In fact, many people use it interchangeably and when people refer to C.V. nowadays, it seems like they are talking about the same thing as a resume.

Is there any significant difference between the two? Which should you use for your job search in Singapore?

I got a template from somebody close when I was deciding to do up my C.V. a few years back. It was then that I realised that the template used involved putting up all my education details upfront while my work experience was located slightly to the back. I never questioned the logic of such a layout but used it anyway.

Whether such a format was effective still remains unknown to me. Another issue was it was pretty long (5 pages). I read elsewhere in the internet that a resume should only be 2 pages long at most.

I am not sure what format or template most people out there use. But I would like to think that a resume/CV in Singapore is as important as it is anywhere else in the world. A resume / CV could be the factor that helps you nail an interview with a potential employer. It is the first thing that a potential employer actually sees and whether you get called up for a job interview at the end of the day probably depends on how you arrange all your personal information in the most effective way in that few pieces of paper.

Another way the CV or resume helps is that it helps you develop a clear understanding of what your key selling points are to the potential employer. Should you get the interview, you will know how to effectively sell yourself according to how you have arranged the details in your resume/CV. So giving proper thought of what to include in it is probably a good use of your time if you are thinking of a career switch or looking for a job.

So the following questions are going through my head right now when I look at my C.V.:

1. Should I condense the 5 pages into 2 pages.

2. Should I put my employment history right up front instead of focusing on my academic qualifications?

3. What other skills or certification should I strive for to make my C.V. look more impressive.

Food for thought for the weekend!

Best Homes in Singapore

Which are the best homes in Singapore? Or should I say the best location to have a home in Singapore?

I was reading the newspapers on the MRT lines to be built over the next few years as well as the section on property agents and their commissions. There was also a topic on how certain flood prone areas will most probably have the value of their homes affected.

I have been thinking recently about the best location for a home in Singapore. While there is a balance to be strike between privacy and the availability of amenities, I think a lot of these has to do with the individual home buyer.

For me, I think a good home should be located close to food stalls or places where I can grab my meals. My family likes to eat out so having food stalls nearby is one of the major decisions when it comes to having a good location for a home.

Perhaps another important factor would be distance to work...

Red Hot YOG

I have been busy catching up on the action in the Youth Olympic Games that I haven't found the time to blog.

Will find the time to update you guys once YOG is over.

Go go Singapore!

Happy Birthday Singapore!

Today is 9th August 2010 and it marks the 45th birthday of the small country that I live in - Singapore. To all my readers in Singapore, I wish you a Happy National Day!

I have called Singapore my home for my entire life. It is quite hard to imagine the kind of progress that we have made in a few short years.

Just the other day, I was walking down Orchard Road and was amazed the developments that have taken place over the years. The Orchard Road of today is very different from the Orchard Road of my teenage years. And I can only be amazed at the transformation that has taken place.

When I was walking in Orchard Cineleisure, I noticed that I could see the Marina Bay Sands Resort towering in the background. That is another new feature of Singapore.

As a nation, we are only 45 years old. I find it hard to believe that when I was born, Singapore was only 16 years old! That is a pretty young country if you ask me. One would expect us to be dealing with riots, wars, poverty and all the problems of a country that has just gained independence. Instead, today we are a developed nation. People feel safe walking alone on the streets at night. We have political stability. Well, to put it short, we have prosperity, peace and progress for our nation.

Happy Birthday Singapore! I hope to call you home for the remainder of my life.

Is Inflation Bad?

I have always had the concept that inflation is bad.

Recently, I dug up my old school textbook on Economics and started to read it and realised that there are actually pros and cons to inflation and that aiming for zero inflation might actually be a bad thing. Here are some of the things that I learnt:

Reducing inflation is said to require a period of high unemployment and low output. In addition, the cost of reaching zero inflation is large. When inflation is zero, the lost output translates to lost income and this does not fall proportionately across the entire population. Instead, the workers who lose their jobs are the ones who actually pull down the aggregate income. These workers are often the ones who are lower skilled and have the least expertise. At the end, the cost of a zero inflation policy is borne by the ones who can least afford it.

So do you think inflation is good or bad? The answer is actually not that simple and a huge debate is still ongoing....