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Monday, 16 March 2009

  • Kiva Rocks

    Hello! I have just moved into my new apartment and I am loving it so much. No more walking outdoors under -20C. No more waiting for infrequent buses, and no more broken elevators. I bought some new furniture and everything fits in just fine!

    Anyhow, last Saturday was the night I wanted to go out. Fly nightclub was the intended place to go. However, a friend of mine introduced me to Kiva (http://www.kiva.org) and we were so excited that we would rather spend the money to loan to those empowering entrepreneurs. For those who don't know what Kiva is, Kiva is a micro-leanding organization whose mission is to empower entrepreneurs in the developing world by providing credits for them to implement their business ideas. This is a brilliant idea: We don't donate, but we lend money to them for opening and expanding their businesses so that they can also be self-sufficient. It is a combination of philanthropy and business.

    So far I have made 2 loans (of course there will be more). In order to let the lenders know what their businesses are like, for each entrepreneur, a brief description on his/her business is provided. So far I lent to a group of Vietnamese women and one nice Ukraine businesswoman:





    The Vietnamese group sells fruits and vegetable and they want to use the money to buy chicken, ducks, pigs and cows to raise, while the Ukraine woman wants to expand her vending business. I actually don't have certain rules on which one to pick. At first when I looked at the Vietnamese women in the picture, I felt that their smiles are very genuine and sincere. Then I read about their family background and why they needed the loan, as I decided to give them a hand.

    Sometimes I also like to see what they are really selling. Like the picture from the Ukraine woman, she is obviously selling apparels. The description said that this is her 38th loan with a local Field Partner. It shows that she is very capable, and therefore, I lent her the money.

    That night I just felt much, much better than what I would feel coming back from partying. I am so inspired and motivated. These are the people who are brave entrepreneurs who want to make a living with their own hands. They are not asking for donations to make ends meet. They are simply asking for a tool to help them to be better off financially. And we, as the ones who could help, fill this gap.

    Today I received an update from both parties. The money has been distributed and the repaying schedule has been set. I am so excited to await hearing how well their businesses will be running. Please join Kiva. We can
    form a Xanga team!


Wednesday, 14 January 2009

  • Moving Soon.....

    Happy New Year, even though it is already half way through January . I hope everyone is having a fabulous 2009 so far! I have been busy with my job (it just never slows down). And interestingly, I will be moving to a new condo in February!

    Moving to a new place has always been in my mind. Until last December I finally took some time looking at some apartments. One impression I got is that they are getting so expensive. You can't get away with paying $900 a month for renting just a small bachelor in downtown nowadays! Then I thought to myself: Why don't I spend a bit more for renting a condo? Then just before Christmas, I found one really good real estate agent from Kijiji. She helps people find condo rentals, especially for people who have pets. So I emailed her and she called me back. Since it was near Christmas, we didn't schedule a viewing until early last week.

    We did the viewing on a cold Tuesday night (Why did I do it to myself?). We went mainly to Yonge/Bloor and Spadina/Front areas. The first one we saw was a very neat 1-bedroom right at Yonge/Bloor and we instantly loved it. Firstly, it is right at the PATH. So basically, I can go down to the subway and go to work and come back home without even going outside everyday. Secondly, there are starbucks, the Bay, shopper drug marts, food court downstairs. Again, I don't have to go outside if I don't want to.

    The subsequent ones that we saw were not as good as the first one. Therefore, I decided to put an offer on the first one. After a flurry of paperwork and going back and forth, I will be moving to this nice condo in February. I am just so excited!

    Now the hard part...moving! Oh how much do I hate moving, especially in winter! Fortunately, I don't have much furniture so it won't be a problem. But still...oh I don't want to think about it now!



Saturday, 13 December 2008

  • Worry Bug

    Time flies. I have started my new job for almost 4 months. As the economic climate is detoriating day after day, I am worrying about the prospects of my job. It's not like the bank will have any plans to trim staff. Futhermore, the CEO has assured us that there won't be any major laidoffs in 2009 and projects that the profit in 2009 will be better than that in 2008. However, as a worry bug, I can't help but worry that the worst scenario could happen as this economic downturn worsens.

    I think my worry mostly stems from external factors. The mood around this depressing economic environment doesn't convince me not to worry. In the US, the announcements of massive laidoffs from Citigroup, Bank of America and UBS make us very fearful that these waves could come to Canada. But at the same time, I feel very fortunate that at least I still have a job.

    Anyhow, I told myself not to think too much as there is nothing I can do. All I could do is put extra effort to do my job better hoping that my boss will see the value of my work. However, I still need to be prepared for the worst. All I can say is that if you have the right skills, are dedicated to your work and are hardworking, jobs will come to you. I can only hope so.



Friday, 28 November 2008

  • Chasing After The Bubble

    For weeks I tried to start writing on my blog regularly but I just don't know where to start and eventually I gave up.  My work has been occupying me 70% of the time and it has just been quiet down for a little.

    As the play Rent said: "How do you document real life when real life is getting more like fiction each day?". This is exactly what was happening over the last couple of months. I had started my job for just one month when the market started to crash in September. Even the most experienced traders could not believe the severity of the downturn. The downturn is not only unprecedentedly deep but also rapid. I am still amazed how I survived the stress I went through during the week when Lehman Brothers filed for bankruptcy and AIG got bailed out, and all the subsequent events that moved the markets. Luckily, it seems like a series of these event created a lot of opportunities that are in our favor as we are relatively well prepared for these crises compared with most US and European banks. My heart aches when I hear there are hundreds of thousands of people in the Finance industry have lost their jobs due to these events, but on the other hand, I feel really fortunate that at least I still have a job.

    Anyhow, on that note, my parents came to Toronto to attend my graduation ceremony two weeks ago. I am glad that they came to visit me. The ceremony was held in the convocation hall in U of Toronto. Compared with the one at UBC, this hall was way smaller and older. But I enjoyed the whole experience very much as this is probably my last graduate ceremony (I swear to god I am not going back to school again!). After the ceremony, we took loads of pictures.





    At the ceremony, I kept thinking how I actually got here, from deciding to quit my job in Vancouver and go back to school, to finishing my studies and now being in this convocation hall? I was reminding myself of the painful experience putting together yet another admission application in a coffee shop for hours and hours. And I still remember the excitement when I got an admission email and couldn't wait to call my friends and parents to tell them about that. As I looked back, I feel that I have made one of the best decisions in my life to pursue the career and the life I want. I hope my parents and my friends would feel the same. As one of my friends put my experience all together: "Mission well accomplished my friend. You have succeeded in re-inventing yourself."


Saturday, 25 October 2008

  • I Am (Sort Of) Back

    Hi. It's me. Hope you all still remember me LOL. Yes I am still alive. When was the last time I blogged? It was a few months back. I can't believe how fast the time can go! Anyway, I am still in Toronto. I finished my (yet another) masters degree in July and luckily Scotia Capital hired me back (although I got another job offer at that time). I started working in mid-August.

    Although the markets were (and still are) crashing, there is unlimited work to do. It seems like the condition of the stock markets is inversely proportional to my workload. I have been working around the clock since a couple of weeks ago. And I just realized I have been on this job for just 2 months! LOL

    Anyhow, I wanted to write more. Maybe in the future? I don't know. I want to start a new blog though. Let's see what happens. Hope everyone is doing well.




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bennykan

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    • Name: Benjamin
    • Country: Canada
    • State: British Columbia
    • Gender: Male
    • Member Since: 6/29/2005

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