Simple mind, simple life.
I never see failure as failure, but only as a learning

Monday, August 17, 2015

Simple Life

A good friend of mine visited me recently and bought me some dragon fruits.
She told me she doesn't know how to tell if the dragon fruits were ripe or not. My maid told me she knows as she planted them at home. Out of curiosity, I asked her what else she planted at home. Durians,

bananas, chilli, coffee beans. She also reared chickens and planted vegetables (considered organic as she didn't use pesticides on the latter).

I presumed she goes to the market to buy fish if she wanted some. She replied:"Don't need. Just go to the river to catch". So basically, apart from rice, she just need to go to her backyard (and river) to get whatever she needed for lunch and dinner. She also brought some bananas and chilli to the market to sell.

Her purpose of coming to Singapore to work is to save up for her son's future education and to buy a piece of land to build a house (she doesn't want to stay with her mother-in-law). I told her I envy this kind of lifestyle. She told me I could go stay with her once she had her house built.

Looking at the food prices here, everything (I really mean everything) has increased. I have to compare prices between NTUC, Cold Storage and the wet market before making any purchases nowadays.

Third world countries, the costs of living are so much lower. The thought of migrating to a third world country has formed in my mind.

Friday, November 7, 2014

Salsa Dance Workout

Great salsa video for beginners (for ladies).

YouTube link:

Saturday, November 24, 2012

High returns investment, too good to be true?

Perfume for me

Last week I received an invitation via phone to attend an investment talk. OK, I must rephrase the sentence as the phone call did not indicate anything about investment at all. I was told that I was selected to attend a fragrance launch by a company called APS. The caller assured me that no purchases are needed, finger food would be provided and at the end of the event, I would be given a bottle of perfume worth $90 which is supposed to be limited edition. The event would talk about the use of expensive Oud oil in producing this fragrance and it was held at a six-star hotel. Sounded like a genuine event isn’t it? So I agreed and bought along a friend to attend over the weekend.

Upon reaching the hotel ballroom, at the registration counter we were told that a sales person would be assigned to us and it would take about one and a half hour to go through the product presentation. Sounds familiar? I wasn’t happy that I was “lured” to attend an investment talk. I asked my friend if she’s keen otherwise we could just go shopping and forget about the perfume. My friend says:”Let’s see what they have to say”. I was more concerned of being forcefully locked in until I agree to invest like what happened to another friend of mine some years ago. She attended a time share investment talk and decided to leave after half an hour. They refused to let her go and had few big size guys surrounded her. (She refused to give in and they eventually let her to go).

Anyway, we had a quick bite and coffee and were ushered in by a friendly sales person. The sales person (let’s address her as M) started by explaining that many high end perfume manufacturers use Oud oil in their perfume. Oud oil, extracted from Agarwood (from Aquilaria trees) is very expensive and is in high demand by the Arab countries and the fragrance industries. These trees are heavily harvested and are near extinction. APC (the parent company of APS) decided to grow these trees and work with plantation owners in Thailand, India, Cambodia, Sri Lanka and Malaysia.

How does this investment work? We were told we are investing in the trees (we literally own the trees) in Thailand. We don’t get the returns until 6-7 years later as this is the time it takes for the trees to grow, mature, harvested and sold in the market. The trading price of Oud oil is very high, ranging from $600-$1200. M stressed that APS is not regulated by MAS (Monetary Authority of Singapore); “bell ringing in my mind”. APS was set up here in late 2009. (I was thinking: the first batch of investors has yet to collect their investment returns). We were also told that they would fly us into Thailand plantation to view our trees which have tag numbers that would be shown in the CITES certificates as well. These were shown in the PowerPoint slides, pictures of “smiley and happy investors” standing beside their trees. No brochures were given to us to take home. My friend asked a simple question:”How many tons of trees are harvested yearly?” M and a product person could not give an answer and evaded the question saying something like “they don’t measure by tons” and that the oil produced per tree is measured in Tola. I asked what happen in the event that the trees (in Thailand) were destroyed by natural disasters. M said they would give us the exact number of trees in their Sri Lanka plantation (you believe?). We were also informed that usually the minimum amount to invest is $100,000. But they also realize that many have other financial commitments and could not part with such a large sum of money. So they allow the minimum sum to be $30,000. We asked her to email us more information. (Till now, didn’t receive any).

After we left the premise, my friend asked me:”What do you think?” I told her although I’m not a financial person, there are many questions came to my mind:

1) If this is such a lucrative investment, why didn’t the company first approach venture capitalists?

2) Since they know Oud oil is in high demand in the Arab countries, why didn’t they approach those wealthy Arabians?

3) There are many business tycoons in U.S. like Donald Trump and Warren Buffet (to name a couple) they could also approach.

4) How about tycoons in Asia: Lee Ka Shing, Cecil Chao in Hong Kong?

5) Wouldn’t our GICs, town councils, the millionaires here be interested too?

6) Why approach small time retail investors like us who have way less wealth compared to the tycoons and businessmen?

My friend replied:”My thoughts exactly. No reports are shown to us except for the slides presentation and expect us to part with our money. Remember the Sunshine Empire saga?”

Wednesday, November 7, 2012

Finally solved the Rubik's cube

A couple of years ago, I bought a 3x3 Rubik’s cube. Thinking I could solve it easily but after a few tries, I gave up. Lately while I was clearing away some junks in my drawer, I saw the Rubik’s cube. It was lying at a corner and I swear I could literally hear it said:”solve me, solve me!”

So I decided and was determined to learn how to solve this cube. Where is the best place to gain knowledge without having to pay any fee? Of course it’s the internet.

I searched ‘Rubik’s cube tutorial’ in YouTube and voila, a list of people sharing their videos on solving the cube came up. So I randomly picked out one video by the name of RobH0629 who has step-by-step tutorials to guide me. (He has seven videos altogether, speaks clearly and he is brilliant).

I watched all his videos, replayed them, jolted down notes and worked the cube according to his tutorials. The last couple of videos, he showed us the different sets of algorithm to solve the cube. I knew it has to do with maths!

After many hours (eight, to be exact), I had finally solved the Rubik’s cube. I felt so satisfied and my self esteem boosted up to the next level. I thought I should share this ‘accomplishment’ with my family. But in turn I was asked:”Hmm… Are you very bored? Don’t you have hot dates to go to?”

Well, I will not let those words dampen my spirit. My next challenge would be to memorize the steps and solve the cube again.