Simply Bread Breakfast

Breakfast was at Simply Bread again.  It was a rather relaxing day with little appointments to keep up with so there was time for a nice and slow meal.  Tucked away between 5th Avenue and 6th Avenue, the location is perfect.  Not too far flung yet secluded enough and away from the crowds. A respite from your usual shopping malls.

The crowd is a mixture of Caucasians and Singaporeans (or Asians).  Everybody seems to be ordering 2 Eggs but that is not what I ordered.  French Toast with Ham Steaks is on my mind.

Their french toast is not your typical thin sliced bread soaked in egg mixture.  It is something I haven't tried elsewhere.

The ham steaks are as always - GOOD.  Comfort food at its best.  Thick slices of honey baked ham with some honey drizzled over it.  Well, that set me back by ten dollars and cents thirty-five (GST not included).  But whose counting?

And the meal was made complete with the usual cup of coffee and milk.  =)

Aston Martin V12 Vantage

Top Gear tests drives the Aston Martin V12 Vantage.  It goes from 0 to 60 miles in 4 seconds.  While it looks like the V8 Vantage, it is really a lot more powerful.

 

Dividends and Passive Income for Jan and Feb 2013

I have been keeping a very bad record of my dividends/passive income.  But here it is so that I do not forget:

Jan 2013:  $111.80
Feb 2013:  $287.46

Main contributors were from Armour Residential REIT (ARR), GAMCO Gold and Natural Resources Trust (GGN), and Starhill Global REIT.

I have also liquidated quite a few of my stocks.  On the back of STI hitting its 5 year high, I have sold off all my holdings in Ascott REIT, Saizen REIT, LMIR, Thakral, Nam Cheong and Citigroup.

Poor People in Singapore

There are poor people in Singapore.  The poor are really poor and the rich are really rich.  And the divide is probably getting larger.  The median monthly household income from work amongst resident employed household for year 2012 was S$7,570.  This includes employer Central Provident Fund contributions.  Based on statistics, there are 9.2% of households with no working persons, of which, 6.0% of these are retiree households.

I have become more aware of the poor around us.  At least to me, I have been noticing that there are more and more people walking (or standing) around selling tissue papers.  Well, they are not really selling tissue papers are they?  Some of them just place the tissue papers on your table while you are eating and ask you for money.  They are almost literally begging for money.  The selling of tissue paper is just a "cover".  After all, begging is illegal in Singapore(?).

One also notices that there are people who are selling tissue papers outside supermarkets, grocery stores, etc.  Anybody in need of a tissue paper can easily pop into one of those stores to buy themselves all the tissue they need.  But yet, it is not uncommon to see people stopping to buy tissue paper from these poor people who peddle their wares.

It is also increasingly common to see homeless people sleeping around in the void decks or at various places in Singapore.  Well, these people might not be homeless.  But nobody really knows.  And nobody bothers to ask.

Just today, I witnessed a woman go up to some diners to ask for money to buy food.  It might come as a surprise to some but I have actually seen people eating left over food on the tables as well as from the dustbins.  Yes, we can dismiss them as perhaps mentally unsound.  But perhaps the reason is that they are really poor.

There is also this struggle within me about how to help the poor.  I struggle with it every now and then.  Surely change must begin with me.  But there are limits to how much I can do.  Or perhaps, these are just my excuses.

Make Their Wishes Come True

Dear Readers,

Have started a donation campaign to raise $10,000 for Make A Wish Foundation.  Make A Wish Foundation (Singapore).  The target is $10,000 to be achieved by the end of this year.

For those who might not know, make a wish foundation tries to fulfil the wishes of children who suffer from life-threatening medical conditions.  Think of what you can do just to put a smile on their faces.

If you have enjoyed reading this blog in one way or another, please make a little donation to support this worthy cause.  Any small amount, no matter how little, will do.

Thank you.

Reasons to Buy Gold or Silver

Gold and silver seem to be back to their 2011 levels. iShare Silver Trust (SLV) is trading at $28.41 while SPDR Gold Trust (GLD) is trading at $156.22.  Well, gold and silver spot price are also trading around $1600/oz and $29/oz respectively.  The talking heads at Bloomberg and CNBC are all now suggesting that it might be the end of the gold bull run.  After writing the earlier posting yesterday, I thought about it and decided that perhaps a more balanced view ought to be presented.

So in this posting, I will throw up some of the reasons to continue buying gold or silver.

Firstly, the world's central banks are now net buyers of gold, purchasing gold like never seen before.  According to the World Gold Council, central banks accounted for 12% of total demand for gold in 2012.  The demand for silver also seems to be rising and the supply does not seem to be able to keep up (at least that is what the silver bugs' charts are telling us).

Secondly, with all the money printing by the Feds, inflation is almost certain.  Gold and silver are thus a good hedge against inflation since many view them as the true store of value.  Many of these proponents are also predicting that the dollar will soon crash and that somehow, someday, the entire world will go back to the gold standard.

Thirdly,  while the prices of gold and silver might have corrected a fair bit for this year, the global outlook still looks uncertain.  The US debt is reaching alarming levels, Europe crisis, etc.  So it is not surprising that people are bullish on these 2 metals since they seem to have a negative correlation to the overall stock market/economy.

In any case, the people who argue for investing in gold or silver are still sticking to their guns that another bull run is in the making.  Will they be correct?

Gangnam Style - Jayesslee

This is another really cool version of Gangnam Style done by Jayesslee.  I believe that they are sisters.  Really nice and some what similar to the acoustic version of Gangnam Style done by Steph Micayle