IMF Warns About Perils Ahead for World Economy

The IMF warned that there are perils ahead for the world economy if certain issues continue unanswered. This includes:

1. Rising Food Prices
2. Joblessness
3. Middle East turmoil
4. Weak finances in advanced economies.

All these could possibly derail the current economic recovery. Regarding the surge in food prices, World Bank President said that "We are one shock away from a full-blown crisis".

In addition, new ailments like overheating in emerging economies could also add to the existing list of problems.

Some other comments from IMF includes the following:

"There was a sense around the table... that we are still in a fairly fragile situation," said Tharman Shanmugaratnam, chairman of the IMF's policy-setting monetary and financial committee.

"We have to be extremely watchful, but we also need to develop the capabilities... to anticipate scenarios that could turn out to be ugly, and require that countries, including especially systemically significant countries, take actions early to prevent another crisis."


Time to be cautious in investing?

Driving away the Monday Blues

I would like to think that I successfully drove away the Monday blues. It did not help that was feeling slightly depressed on Sunday night but a good dose of coffee, reading the various comments on mt previous post and just thinking about the good things that have happened to me in my life thus far made me slightly more thankful and happier today. I wouldn't claim that I am not feeling depressed anymore but I am sure feeling much much better. How did I do it?

Firstly, I spent a good two hours watching lots of mindless standup comedy by Chris rock and Russell peters. Super funny. Chris rock is really vulgar but I guess I am actually immune to swear words and stuff so i am able to take his jokes. I know some people who cannot stand swear words and thus cannot bring themselves to watch it. But the two hours of watching mindless standup comedy really made my Sunday night much bearable. At least it got my mind off the things that were bothering me.

Secondly, I spent some time sharing online my thoughts through this blog. Even though I did not reveal what was causing my sadness, just blogging about it made me feel a little lighter. Just knowing that somebody else knows about my bad mood was comfort by itself. I don't know why this is so really since most of my readers are really strangers to me in a certain sense-I won't recognize them if I saw them on the streets. Yet, they know a part of me and my struggles that even some of my closer friends know nothing about. So I guess I can call these people my Internet buddies. It is almost as if they are on the same journey as I am. Some of them are also much older and are also able to give me a better perspective of things.

Thirdly, I took a new route to work today. Just felt like doing something different today so I took a new route to work today. And I guess with a new route brings new sights and sounds. I might even start using this route for the next few months. Oh well, guess I will just wait and see.

Fourth, I ate something different for breakfast. I usually frequent this stall for breakfast during weekdays but this time, I ate at some fast food for breakfast. And fast food I guess makes one feel happy because of the sugar rush that comes along with it. I sat there quietly and ate my meal slowly. Truly enjoyed every bit of it. Perhaps another reason why I should switch to this new route.

Lastly, I pampered myself and bought a new shirt. It was not expensive or anything but I just felt like I needed some pampering.

And that was what helped me drive away the Monday blues. Like I said, I am still abit moody but as a whole, feeling much better already!

Am I afraid?

The past few days have been difficult for me. There have been many things that I feel passionately about but which I do not feel comfortable writing about. Am I afraid? What am I afraid of? These are the few questions that cross my mind. And sometimes it is just the fear of certain repercussions that will result from blogging too honestly about my personal life. Cos there are days when things do not go well and I feel like spewing vulgarities into the Internet. But I restrain myself because I know I will regret it one day and that I will end up revealing a side of me that readers might not be familiar with.

I need to admit that beneath a lot of happiness and good times are sometimes lots of heartaches, failures and angst. And sometimes, a happy weekend can soon turn into a deep bout of depression for me. I start to turn depressive and moody. The world suddenly seems a lot bleaker. The future is no longer bright. And I wallow in self-pity. It does not help that I cannot tell anyone what I truly feel. For if I do so, I might end up cursing and swearing under my breath. And that I know I will regret I'm due time. So I am afraid that I will destroy the image that I have been projecting all long. But somedays, I really feel like I need to get it off my chest.

So tomorrow is a brand new day. And I must remember that I live a life more fortunate than others. Be contented with what I have. One day the light will come. And hopefully I will have the courage to tell of my struggles and life in an honest manner. And perhaps I could share my deepest regret with all one day. But in the mean time, I need to get out of this depressive mood! Perhaps the best way is to not think about it. But then that is just ignoring the problem. Perhaps it is time I confront the problem head on.

$790 Dividends for March 2011

March 2011 is gone. April is here. A new month. Collected almost $800 worth of dividends for March 2011. That has perhaps been my highest thus far for the year. Have been looking to add more dividend stocks lately but also wary about the market conditions now.

I have been toying with this concept for the longest time but have always put it off and procrastinated. What happens if I manage to invest a large percentage of my monthly salary into REITs or dividend paying stocks and then reinvest the dividends that I receive? Will I become financially free within 10 years?

Red Wine and Reflections for the Day

Opened a bottle of red wine yesterday to have with my food. And there was still quite a bit left over in the bottle so I am sipping some right now. Apparently, Robert Parker gave this vintage of wine 90 points. And that is perhaps the only reason why I bought the bottle of wine.

Today was quite a wretched day. I was suffering from some kind of flu but still went to office nonetheless. And time just seemed to whiz past while I was at work. Before I knew it, it was time to go back home. And I wasn't even sure what I had accomplished the entire day.

Flipped through the papers to catch up on election news and other trivia. Logged on to facebook to check on the latest status of all my friends and adding the random comment or "like" to the 1001 statuses.

Life is almost blissful and simple. And reading up on the latest new about the person who commented about heartlanders in Holland Village suddenly made me realise that I am very much one of those heartlanders. I live in a HDB flat, take the MRT to work, eat at hawker centres, and wear my flip flops to Holland Village. Drats, I have slowly transformed into a heartlander without knowing it. Of course, I don't speak vulgarities. But I guess I am one of those persons the higher rungs of society do not want to associate with. Thanks for the wake up call whoever you are. Just the other day, I drove up to get my car valet park and the guy manning the valet stall looked at me increduously and asked whether I was looking for the public carpark which was just ahead. Classic!!!!! My car small means cannot valet park issit??? It reminds me that there is still much to strive for in my life, career and personal growth (i.e. anger management and not comparing with others). Good thing I was in a hurry and did not give him a good dressing down (which I would not have done given how timid I really am).

Reminds me that I have not written about personal finance for some time which I probably should. But right now, personal finance matters seem so distant from my mind. I mean, I earn so much and spend so much. Is anyone really interested in that when Japan has suffered a terrible earthquake and is now facing like radioactive problems? I over heard a guy speaking to his Japanese colleague the other day how Japan should explore other forms of energy. My mind was going: Give your Jap friend a break! With people dying out there, it is just too easy for us to analyse the situation from afar and say what Japan should or should not be doing. That being said, I am definitely against Indonesia building a nuclear plant anywhere near us. If they want a nuclear plant, build it in Antartica please. If Japan is having problems dealing with this situation, everyone should re-think their nuclear strategy. Especially if you are situated so close to a fault line. But who cares? Noone cares about what I think.

I have also realised how stupid I am. It seems that everyone around me are all so clever. Actually, I used to think that I was above average in intelligence and looks. Then slowly over the years, I realised that everyone thinks the same way. Most people think that they are above average. Problem is: If everyone is above average, who is average and who is below average?

I have concluded that I am actually a below average Singaporean with a below average intelligence and below average looks living with a below average salary. But who cares? What is important is being happy. And I do not mind being below average. Okay, at least not for the salary part



Revert Does Not Mean Reply and Mistakes that New Bloggers Make

Many people confuse the word "revert" and "reply". Very frequently, we see in emails whether personal or work where the sender asks readers to "Please revert by....". And most people actually do not realise that this is the wrong use of the word. In fact, I have been guilty of this mistake for many years too. It wasn't until recently that I realised my mistake. The confusion between these two words and the misuse of them is common.

Back to the main topic of mistakes that bloggers make. Just yesterday, I wrote about how the news had reported bloggers that can earn up to $5000 per month. I am almost certain that this will spark some youngster to pick up blogging as a hobby. Some might even do it at the expense of studying or working.

I am not a full-time blogger. But having blogged for a few years now, I thought that I should at least "impart" whatever I have learnt and clear any misconceptions that some may have about blogging. So before you proceed to set up a blog and become a full-time blogger, here are a few things that you ought to know:

Blogging is not as simple as it sounds.

They hype about people making money from blogging always sounds too good to be true. It sounds like pretty easy money. Why not? Just sit at home and type and wala! Money appears in your account. The problem is: It is not as simple as one thinks.

Blogging is actually a lot harder than one thinks. Apart from issues like Writer's Block, you also have to deal with the many other problems that come with it. Bloggers also have to struggle with how much privacy they hope to achieve or whether they want to keep their blog a secret. What if you realise your friends are reading your blogs? Will you still write it? Blogging is not like tuition or some hourly part-time work where pouring in more time equates to more effort.

In fact, writing a single post a day probably makes little difference (in terms of ad revenue) to writing 2 posts a day. In fact, there are article writers out there who are willing to charge $3 for a 300 word article. And why are they not setting up their own blogs to publish those articles? Because a 300 word article will not actually make you $3 in ad revenue. And that is why article writers will sell you their articles. In fact, most people are better off churning out 300 word articles for $3. You would probably earn much more from writing articles for others compared to blogging. So churning out 10 or even 100 posts a day on your blog is not going to translate to a multiplier effect. It most probably will have little effect.

So remember, blogging is not as simple as it sounds. Putting in the time and effort does not guarantee success. Unless you are already a celebrity, it is going to be awfully difficult to reach that $5000 per month figure. It is achievable but I believe only the best bloggers in Singapore are able to reach that amount. And that means bloggers like Xiaxue or people who have managed to amass a huge following. And that usually means hours and hours of hard work. Definitely not as simple as you would like to think.

Blogging Requires Passion.

Blogging also requires a certain amount of passion for writing, sharing, and of course, the topic that you are going to write about. In my few years of blogging, I have seen countless cases of bloggers who beg for a link exchange only to stop blogging after a few months. It is just way too common. The amount of time required to blog is more than you can imagine. And to keep it up for years is even much much harder. Most of these bloggers think they will earn money from blogging but then realised that after 1 year of blogging, they are better off focusing on their jobs and working part time (or perhaps just selling their articles to others). The money is simply better than what they can earn from their blogs. Basically, blogging requires a lot of passion. And that means blogging even if you don't earn any money from your blogs. If you can't do that, you most probably would not make it as a full-time blogger.

Full Time Bloggers Can Earn Up To $5000 Per Month

Just recently, I wrote about blogging and its misconceptions. Basically, I was commenting on the fact that many readers have misconceived ideas about who I am and what I do due to "historical" drips and draps of information that are scattered over this blog and which I have failed to update. Thanks for bearing with all the confusing information but sometimes it helps if readers just visit the most current posts to find out where I am in life. Of course, there are certain issues which I blogged about and failed to update all later. So it seems like I am still struggling with that issue but perhaps I have already gone way past that and did not see the point in blogging at all. For info, I have a full time job now and am quite happy with my life.

Anyway, it was interesting to read the news today to learn that more Singapore bloggers are going full-time. Nuffnang had indeed revealed that the top bloggers in Singapore can earn up to $5000 per month. Of course, that is quite a tidy sum of money and I am assuming that most of this income is derived from ad revenue. Of course, there must be other sources of income. I reckon that celebrity bloggers are earning somewhere close to that amount. But compared to international bloggers, the $5000 per month figure is of course quite low.

The only fear I have is that many more people will jump recklessly into the blogging bandwagon. Of course it is possible to make a full time career out of blogging but it is probably not as simple as it sounds. And the picture painted might make it seem so rosy: Work from home, flexi work hours, good money. It is not that simple. And I am sure the full time bloggers will attest to that.

For every blogger that is earning $5000 per month, I am pretty certain there are 1000 others who are earning less than $5 per month. Remember, $5000 per month is not the average, it is what Nuffnang considers to be the higher earners. So these are really the outliers and not your average bloggers.

Anyone here knows of a full time blogger? How much does he/she earn?

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