Ma6aba

Where are we headed? it’s a very scary thought to see inflation go this high.. and with oil prices and gold going up we will only see inflation go higher.

Refer to my previous post about oil which was commented on by Skunk:

“these oil prices arent even good for opec countries as it is the oil price itself which is the cause of the record inflation that even opec countries are suffering from. while alot of the world’s money is coming here, alot is also going out to import stuff into this region cos nothing is made here.

so rents are higher cos it costs more money to bring in materials to build new buildings, food is higher cos of transport costs, fertiliser costs, packaging costs, etc.”

Seriously, money lately isn’t worth as much as it was worth few years back.. I still remember being able to survive a weekend on 4 or 5 KD when I was younger. now if you are lucky and you don’t spend much you will be throwing out no less than 30 or 40 KD (on a good weekend) without even buying something that you will keep.

What scares me even more that investing your money is harder now (obviously).. couple of months ago I wanted to open a fixed deposit.. and the rate they offered was 2.75% per annum for the monthly deposit! that means you are actually loosing money on your deposit..

What would your saving plan be in such a scenario? share..

UPDATE: a friend just sent me this picture.. it’s true regarding inflation

As most of you are hearing, Oil prices have been surging day after day in the past 2 years or so. even though it’s justified that oil prices will go up I didn’t see it happening that it will reach a price of as high as $143 per barrel and expected to reach $170 by year end according to some analysts.

What i’m wonder is how people “especially” in the US and Europe are handling that. I remember when I first moved to the states back in 2001 I used to pay something around $25 to fill my car tank, and 5 years after than in 2006 I filled the same damn car with the same gas grade for $55, that’s 2.2 times the price in just 5 years or less! According to today’s gas prices (where oil is trading at $143) it would cost me a little more than $70 to fill the tank. oh and it’s not an SUV, it’s the BMW 325Ci.

This high oil prices might be good to some economies such as the members of OPEC, but is it really fair for the rest of the economies and consumers?

On saterday an auction to have lunch with the legendary investor Warrent Buffet ended when the winner paid 2.11 million US dollars! the winner is a chinese Fund Manager with an EBay username Greenteabag.

The auction proceeds will go to the Glide Foundation.

I wonder who is going to pay for the lunch ??

Finally, the wait is over!

As of yesterday, I’m an employee! i’m so excited to a point I went to work today when i’m not supposed to .. and I’m very excited to go tomorrow! sij lai galaw, “esh’hawat el-galb 3oona”.

I’m currently working in a Direct investment/Private equity position, or as my title state.. Project Officer.. It feels good to be useful again.. it has been awhile

If I post alot it means i’m bored at work.. so lets hope I post, but not as much

I never imagined how hard it is to find a job in this country, and trust me .. qualification, enthusiasm, interest, and hard-work doesn’t really make a difference. For the past 3 months I have been doing an internship for XYZ company in Kuwait doing the one thing I love to do and I’m not going to disclose that because once I say it it will be obvious which company I was interning at. for the 3 months that I attended they haven’t seen anything but hardwork, interest, and giving from me. which I have to say it was greatly appreciated by the people working with me and my supervisors.

But this wasn’t the problem, and me working there for an extention of 2 extra months unpaid wasn’t the problem either. The problem is the upper management which from some reason decided to keep my application on hold for no given reason even though the department requires more resources.

So now I realize i’m hanging out at home unemployed looking for a job. and that is one hell of a job by it self.. I sent my resumes out for alot of companies, in and out of kuwait, with no clear response yet. So now I started the modern way to see if that helps, I started applying through recruitment websites which I found useful honestly but non effective yet. here is what I have been using lately:

1. Gulf Connexions
2. Monster Gulf
3. E-Financial Career
4. Albourne

If anyone have more suggestions of what I should do please go ahead and share it. I’m very interesting in Hedgefunds.

Posted By,
Weld El-ma6aba

Today I start my Certified Technical Analysis course at T Mas Educational Institute, which will last for 5 week.. after finishing up the course and hopefully passing the exam I will officially be a technician. wish me luck people, I might disappear again if the course end up being time consuming.. i’m not leaving room for chances.. I’m planning to pass the test from the 1st try.

Today at 11:30am I start my trip! here is the plan…

We are going to start the trip in Geneva for a little more than a week, it’s going to be one hell of a start for the trip.. we are planning to drive around between Geneva (swiss), France, and Italy until the 28th of August. on the 28th we will head to Amsterdam for about 4 nights or until the 1st of September. Then we head to out Rotterdam for our internship at Robeco which will last until the 23rd of November.

I’m excited about the trip. the vacation part should be amazing and lots of fun with the guys… and i’m even happier because of the experience i’m going to be getting at the internship.

Wish me the best people! and I hope the best for my colleagues at the training program in their internships in London, Frankfurt, and Boston.

Updates about the trip and the internship will be posted hopefully as much as I hope for

I’m thinking about creating a forum for the blog and mainly use it for discussion about stock markets. i’m thinking as a start I will include Kuwaiti socks, US stocks, Options, and maybe off-topic category.

Would anyone be interested in such a forum?

2 weeks ago I ordered new books.. I’m back to my financial books reading habit finally! here are the books I ordered, if you’ve read some of them please let me know what you think about them.

1. The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies
2. Technical Analysis: The Complete Resource for Financial Market Technicians
3. Stock Patterns for Day Trading
4. Tools and Tactics for the Master DayTrader: Battle-Tested Techniques for Day, Swing, and Position Traders
5. 7 Steps to Success Trading Options Online

I’m a technical analysis junkie as you can see ;p