April

I can't believe it, April 2012 is almost over! April is Spring, is the start of a fiscal year at work, is the start of N's school term and also the start of hubby's new post at work. Finally after 6 months of "political turmoil", his direct boss has been sacked and he has secured a position with a much bigger portfolio but a not so much bigger salary package. Anyway, the increment is good enough for us now. We have given up the dream of buying a bigger apartment anyway...

We have instead replaced our 8 years old Mazda 3 with a BMW 523i  despite the crazy COE prices. There is no best time to buy a car in Singapore, I believe that the COE will not come down and I am not willing to wait. The public transport system is getting worse with the frequent breakdowns and disruptions. I know it's kind of extravagant for us to have 2 cars and surely we can have better use for our money...but life is short, we have to try everything once and so we went ahead. We may later replace the 125i with something more fun and slightly cheaper.

Oh, and we signed up for Yoga classes at Platinum Yoga and will start going for classes tomorrow. Anyway, the reason I insisted that we start yoga again is that I feel that my body is getting really stiff and I am easily tired. I think practicing yoga will help to eliminate aches in my body and also help improve my stamina. Am really looking forward to the classes. We have paid for 10 months of unlimited yoga classes and I sure hope that the school won't close down anytime before that!

A reply from CEO of J.P. Morgan to a pretty girl seeking a rich husband

A reply from CEO of J.P. Morgan to a pretty girl seeking a rich husband

I read this from a friend's sharing on facebook and I found it really intriguing so I decide to share it here on my blog....

 A young and pretty lady posted this on a popular forum:

Title: What should I do to marry a rich guy?

...
I'm going to be honest of what I'm going to say here.

I'm 25 this year. I'm very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above.

You might say that I'm greedy, but an annual salary of $1M is considered only as middle class in New York.

My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary? Are you all married?

I wanted to ask: what should I do to marry rich persons like you?

Among those I've dated, the richest is $250k annual income, and it seems that this is my upper limit.

If someone is going to move into high cost residential area on the west of New York City Garden(?), $250k annual income is not enough.

I'm here humbly to ask a few questions:
1) Where do most rich bachelors hang out? (Please list down the names and addresses of bars, restaurant, gym)
2) Which age group should I target?
3) Why most wives of the riches are only average-looking? I've met a few girls who don't have looks and are not interesting, but they are able to marry rich guys.

4) How do you decide who can be your wife, and who can only be your girlfriend? (my target now is to get married)

Ms. Pretty 

A philosophical reply from CEO of J.P. Morgan:  

 Dear Ms. Pretty,
I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyse your situation as a professional investor.

My annual income is more than $500k, which meets your requirement, so I hope everyone believes that I'm not wasting time here.

From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain.

Put the details aside, what you're trying to do is an exchange of "beauty" and "money" : Person A provides beauty, and Person B pays for it, fair and square.

However, there's a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can't be prettier year after year.

Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It's not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worse 10 years later.

By the terms we use in Wall Street, every trading has a position, dating with you is also a "trading position".
If the trade value dropped we will sell it and it is not a good idea to keep it for long term - same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will be sold or "leased".

Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income.This has better chance than finding a rich fool.

Hope this reply helps.

signed,
J.P. Morgan CEO

I wonder if this is a true incident but nevertheless what this CEO had written is indeed very true. Many young and pretty girls out there who are seeking or dreaming about marrying a rich husband are actually thinking of trading their beauty for money but beauty is only skin deep and it will definitely deteriorate with time. And no amount of money can buy you beauty forever! Strangely, I have never thought about marrying a rich guy, not when I was young and definitely not now since I am already in no trading position. Well, I hope my own daughter will learn to depend on herself too.