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Thursday 17 June 2010

Mid-June update: forex trading and other money matters

I spent the past weekend on my forex intensive. It was incredibly draining and frankly I'm not sure how much of it I actually got. We were supposed to practise on our demo accounts till the first hands-on session today, but I only got my log-in info late Tuesday, and my experience so far has not been encouraging. I'm not sure if it's because I didn't really "get" it and am barking up the wrong tree as a result, or am just unlucky. I tell myself that I'd intended to practise for a good long time before I jump in for real, anyway. Will I earn my course fees back at least, as promised? Eventually, I hope. The bigger question may be whether this is something I enjoy enough to do for supplementary income, or if I should start looking for other avenues.


In other news, I've yet to settle the issue of my integrated shield insurance plan, which is annoying. I'm also not too happy with the life plan my parents got me years ago, which isn't due to even break even for a good long time, from what I can see. I think the hefty annual premium can be put to better use, and will most likely terminate the policy at a loss. I also plan to terminate the foundation policy my parents got me as a child. The premium is not substantial, but I feel that every dollar invested counts.

Not that I've been that virtuous, financially speaking. I've been lusting the new HTC Desire since I knew it existed, but my plan isn't up for renewal yet. I couldn't face the thought of paying full retail for the phone, and ended up trolling the internet for a good deal. In the end I paid cash for a 2-week old European import. I would have preferred a local set, but I saved over 20% on retail, money which could go towards a nice Noreve case. Will be really cash poor until UniSIM pays me the balance of what they owe me at the end of the month.

Re my fitness plan, I was doing 30 minutes on the crosstrainer until the forex intensive weekend basically knocked me out. As I'd feared, my self-discipline faltered. My strategy when the spirit is weak is to make a compromise with myself: any workout is better than none. 100 calories or even 15 minutes fulfils my obligation to myself on bad days. I have yet to motivate myself to resume yoga, though, which is bad.

Work begins on 1 July, and it occurred to me that since the semester doesn't begin till 30 August, I could actually take the holiday I'd wanted. I'm not sure what sort of budget I'd have to work with; even with the savings on accommodation it's $1.5k for a ticket to London. The plan right now is a week away in August, maybe in the first week, after the campus lockdown starts and before YOG opens. 

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