44 Ways to Ruin Your Financial Life By Age 30

25. Spend six months of salary on an engagement ring. If you have to spend half a year’s salary on an engagement ring to impress someone you might want to think twice about your choice of partner. I’ve always thought one month’s salary was a good rule of thumb, and of course, pay cash.

via frugaldad via NickChhan

Read a list like this some time ago. Offers solid advice. Everyone should read this. Some may not be applicable (e.g. 401K) but they are still useful nonetheless.

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We all know the internet is for porn. Don’t We?

Gawker.com had managed to obtain documents related to the investigation into U.S. Securities and Exchange Commission (SEC) surfing porn during work.

Over the past two years, more than a dozen Securities and Exchange employees and contractors have tried to view pornography on government computers at least 8,273 times. Here’s what they were looking at while the global financial system cratered.
The Washington Times broke the story of the SEC’s porn problem, which became the subject of numerous inspector general investigations, last month. And Dealbreaker subsequently published one report of an inspector general investigation into an SEC regional supervisor who viewed transvestite porn at work as stress relief.
Now we’ve obtained reports of 16 investigations into porn-surfing by SEC employees and contractors (one of them is a woman!), including one man who said his daily porn viewing at work was limited to “no longer than an hour and a half a day.”

via Gawker

The newspaper in US is having a field day after Washington Times revealed that the some SEC employees were being investigated for porn-surfing.

The work computer of one regional supervisor for the U.S. Securities and Exchange Commission showed more than 1,800 attempts to look up pornography in a 17-day span: “It was kind of distraction per se,” he later told investigators.
But he wasn’t alone. More than two dozen SEC employees and contractors over roughly the past two years have faced internal investigations after they were caught viewing pornography on their government computers, according to records obtained through the Freedom of Information Act and other public documents.

via Washington Times

The SEC is responsible for policing the US financial system and was under fire for incompetence with regards to the Madoff scandal.

It’s darn funny when u read that article at Gawker especially when u see the list of websites they have been trying to access!~!~

In a later post, the people at Gawker managed to get hold of one of the SEC workers.

David Ito is an assistant regional director in the SEC’s Los Angeles office. He makes around $200,000 a year supervising the commission’s L.A. regulators. According to a source, he was looking at porn at work during the economic collapse.

via Gawker

Check out their end note,

A final note: Much has been made, by us and by others, about the rather humorous nature of some of the sites being visited in these cases, particularly Ito’s, which included ladyboyjuice.com and trannytits.com. We don’t care what kind of porn Ito spent time looking at while getting paid $200,000 in taxpayer dollars to help ensure the smooth and transparent functioning of the financial system that was in freefall around him. And we’re all for porn! We just think public officials should be held responsible for their conduct while they’re on the clock.

via Gawker

ladyboyjuice!~ wahahah!~!~

Lastly, I’ve embeded a video that brings us the point of this post…

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Buy House? Now? Really?

Some friends are intending to get married, buy a house. Looking at prices now. I’m quite worried.
I’ve been following current affairs quite closely so been blogging stuff about them rather regularly.

One of the topics i’ve been following is stuff about the housing market.
The Economist published an article about Houses prices.

Singapore has gone from being one of the most depressed housing markets in the third quarter of 2009 to being the second-frothiest in the three months to March (2010).

via Economist via Temasek Review

The prices of resale flats grew by 8.2 percent last year with median Cash-Over-Valuation doubling from $12,000 to $24,000 in the last quarter (Q1 2010) alone.

via Temasek Review

Imagine this, u buy a house at the current (overvalued)price, years wiping out ur CPF, borrow the rest at interest current (low) rates, n pay for 20 (or 30).  Next, the market corrects, property value drops, interest rates increase.
You’ll be saddled with debt to repay for the rest of ur life. As most likey u have to pay in addition to your CPF contribution, no $$ left for retirement, no $$ left for children’s education .

Cheers to low sex rate, low birthrate, high death rate…

http://www.temasekreview.com/2010/04/20/economist-singapore-properties-are-19-6-percent-overvalued/

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Pronouncing Eyjafjallajökull

For those of u still in interested in the matters of the world, you would have heard of the massive flight cancellations in Europe due to the ash clouds spewed from an iceland volcano.

The volcano’s name is “Eyjafjallajökull”. — WTF?~!~
For the ones who are curious, Wikipedia has a sound clip on the pronunciation.

Below are some of the excerpts about the volcano.

Eyjafjallajökull first erupted on March 20, 2010, in a fiery display that sent fountains of lava shooting high into the air and ribbons of lava flowing down cliff faces.
That eruption, the volcano’s first in nearly 200 years, opened up new vents nearby and built a 27-story-tall cone of magmatic rock.
After an initial evacuation of nearby villages in March, flooding fears subsided and the Iceland volcano quickly became a popular tourist attraction.
As of April 13, Eyjafjallajökull’s eruption seemed to be quieting down. But just hours later another eruption broke out on another part of the volcano.
The initial series of eruptions did not trigger flooding, because the active vents were in a mostly ice-free part of the landscape, Einarsson explained. (See aerial pictures of the Iceland volcano.)
By contrast, the current eruption started beneath a 650-foot-thick (200-meter-thick) block of ice. Heat from the eruption quickly transformed the glacier into a fast-flowing torrent of water.

via NatGeo

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Warrant of Arrest Issued against Silviu Ionescu

Hmm… Finally, a warrant of arrest.

He was also officially informed that a Warrant of Arrest had been issued against Dr Ionescu and that Interpol had issued a Red Notice against him.

A Red Notice means the warrant can be circulated in member countries, with the request that the wanted person be arrested with a view to extradition.

The Ambassador was told that while Singapore understood Romania had taken the position that it could not compel Dr Ionescu to return as there was no Extradition Treaty between Singapore and Romania, Singapore’s preference was nevertheless for Dr Ionescu to return to the city-state to face the charges.

MFA stressed that the Romanian government had a clear moral obligation to do all it can to persuade Dr Ionescu to go back to Singapore to stand trial.

via CNA

Will the warrant of arrest n red notice by our govt ensure justice is served?

I certainly hope so… I certainly do.

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Anti-PAP fliers published by Temasek Review

If you’ve been reading the new you would have known about Anti-PAP fliers being distributed in certain areas of Singapore.

FLIERS critical of the People’s Action Party and urging residents to take ‘collective and concerted action to go against the PAP’ have been circulated in at least two group representation constituencies (GRCs).

via STI

Although there is news about the fliers, the content were never published to the public. Not until today…

Some has forwarded scans of the fliers to Temasek Review

A few of our readers have since scanned and emailed the fliers to us.

We will leave it to Singaporeans to decide for themselves if its contents are indeed seditious and to quote Mr Charles Chong, “The public could draw its own conclusions about the allegations”.

via Temasek Review

So, feed your curiosity, go take a look

DISCLAIMER:
The ORdiCo.com does not endorse or support the contents of the above fliers which might have already been distributed to and read by thousands of Singaporeans. Please read it at your own discretion.

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This work by ORdiCo is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.