TV opportunity for couples living with parents/inlaws

Exclusive from AsiansUK.com - The UK Asian Social Hub!

 

Are you a couple living with parents or inlaws?


Mentorn Media (makers of Dispatches, Katie My Beautiful Face and Question Time www.mentorn.tv) are currently filming a pilot programme presenting the positive side of multi-generational households. 

Living with parents/inlaws is for many British Asians a cultural tradition that they are happy to embrace.  Such a support network as many a postive benefit for all concerned.

If you're a young couple who is part of such a family and would feel confident talking to a small camera team, then do get involved and be a part of this project,  please contact us today for further details!
 

Please email: admin@asiansuk.com


It's going to be one to watch!

www.mentorn.tv

Communication: Chick Flick Versus Action Movie



Do you want to see a movie this weekend?

This question comes up just about every week at our house, and it means firing up the DVD player and snuggling on the couch to watch a pre-owned DVD (aka "we already own it") after the kids have hit the sack for the night.

If I pick, my husband figures "chick flick".  A girl movie.  A heart-rending (sappy) tale of a person facing obstacles and overcoming them, or romance (also sappy); lots of wooing, dialogue riddled with figurative speech and heart-melting lines (spoken by the leading man, of course).  I will cry, and my husband jokingly/lovingly passes a box of tissues.  Hollywood-ized life graces the screen, either from our 50 States or from various destinations around the world.  Music enhances the story line, sometimes foreshadowing events, sometimes coinciding with characters' states of mind.  Lots of weaving of lives and deeper meanings to unravel as we fall in love with love and leading roles.  Again.

If My Dear Man chooses the evening's film, chances are it will involve firearms of several varieties, possibly tanks, robots, or other cold metal, and have female characters who either play equally tough alongside the male actors or damsels in distress.  Conquest and heroism fill the screen from beginning to end.  No time for building characters and background scope, or tracing family connections and getting to know anyone.  Many characters don't live long enough for that.  Musical scores add to the artillery fire, and we usually have to turn down the volume.  My guess is that because the music plays so loudly the characters have to shout?  Or vice versa?  Yes, I jest.  It's just unusually l-o-u-d.

Interestingly, our movie selection odyssey mirrors our communication styles.   Minus the soundtrack.

When I have something to tell, I explain background, illustrate characters and their personalities, interweave plots, draw parallels and webs to get to a point -- the end, or so he hopes.  He trips on the massive script I provide, unable to tell the difference between the leading character and extras during my explanation of events that lead up to the conclusion.  During my monologue, you don't have to have been there because I will illustrate every bit of the experience in minute detail.  I don't cut to the chase well.  And well ... he's a man.  They're all about the action and just getting down to business.  Girls like the gloss.  Girls also interject, offering insights and sharing similarities, as well as give encouragement and sympathy or empathy.  My husband listens, but does not interject.  He waits until the end of the story, not always patiently.  Then he responds to each point, which sometimes feels like needles in haystack to him.

He, as you probably already know, when he has something to share he lays out the important information, just enough to carry out the plan, fix the problem or win the battle.  He shows excitement in describing some of the action along the way in great detail (special effects trip his trigger), but in my mind, you have to have been there to really appreciate it.  I listen intently, but don't always understand the bullet list of facts without some tying together by human relationships.  I try to interject or clarify, but that sounds like interruption to his male ears.  The importance lies in the action as it takes place.  I don't learn a lot about what people have said or about the setting, but I learn a lot about the activity and any gadgetry (tools, weapons, toys) involved.  Details.  Lots of them!  At the end, I attempt to draw parallels or interpret and go for closure, while he waves his arms like a referee indicating "no goal!" He has shared.  The end of the sharing makes the closure, like "The End" on the last page of a book.

We share one characteristic in our listening styles:  neither wants to wade through the details the other includes in his part of the conversation, but we hold our own details dear and want to express them to an understanding spouse.  My female brain wants connection, not cold metal and the results of it blasting a whole battalion out of a stronghold.  My husband's male brain makes connections based on nuts and bolts that hold together the important parts:  beginning, middle, end.

We also share a desire to know the ending.  If I can tell him the end first, he listens better to the details (but don't reveal a movie ending ... that's just wrong).  As for me, I want to know the ending so I can better trace the beginnings.

Confusing?

Men and women are opposite creatures with obvious but oppositional similarities.  Our habits and preferences differ, our mannerisms and speech don't line up the same way and our ways of listening and speaking vary ... and don't really meet anywhere convenient.

What I've learned is this:  After years of sticking to our decidedly male/female differences and carrying torches into divisive battle, we've had to learn to overcome our chick flick/action movie preferences in our conversation patterns.  I did the reading and the research and ferreted out the details that matter and presented them for discussion.  He took the necessary information into practice, but not to take prisoners or beat the opponent, but to work for peace.

We have each used our strengths to bridge the communication gap that often kept us far apart in understanding each other.  No matter how hard I listened, sometimes I heard only the noise of the confusion and fury.  No matter how hard he listened, all he could hear were the tiny details and interwoven, confusing webs of feelings overlying them.

I have made my goal to work at listing facts and providing ample detail, but not overdoing it.  I focus on making my point, but connecting it with enough lifeblood that he can learn about the people and the feelings involved. He feels free to ask clarifying questions and offer viewpoints at intervals.  Periodically, I stop to make sure he is on the same page and not feeling as if I have left him behind in a maze to fend for himself.

He works at providing the feelings behind the action, communicating how he sees the scene and why it holds great meaning for him so that I can listen, riveted to his telling, but also feeling connected to the story and not just a one-woman audience.

Changing how we tell each other about events of the day or about a particular need or obstacle has changed all the rest of our give-and-take.  We have learned to tune in, to pause the television or turn it off, to ignore the ringing phone, and to make solid eye contact.  We have learned to ask clarifying questions and to follow up the other's story with conversation that says, "I heard you and I understand.  I'm ready to talk further if you like," rather than convey a message of, "Now it's my turn,"by blasting off into a monologue on a completely different topic.

Although the chick flick and the action movie don't really serve as educational tools for marriage, they do serve a great role in understanding how we prefer to send and receive information.  They show how our differences play out, more or less, and provide a framework of not only our communication preferences, but our interest in sending or receiving a certain volume of information.  Bits and pieces or long, interconnected strings?

Taking the time to learn about his style of talking and listening, and tuning in to your own can help you make big strides in intimacy with your husband.


Out on a Limb
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Linking up with: A Royal Daughter, Faith Barista, Quite the Blog

How To Become A Dealer / Sales Trader

Follow up on my posting on how to become an equity analyst, this one refers to the very uncertain, multi definition role of who and what a dealer is. It depends on the securities firm, whether they are players in the institutional business.

Let's start by defining the various dealing roles:

a) remisiers - you basically work for yourself, pass the required papers, put down at least RM50,000 or RM100,000 and you can start getting clients onto your account, you probably get 40-60 sharing on commission though some may even get 30-70, the latter being your share, you must treat this as your own business, so the question is what do you bring to the table, buying a stock from any remisier in town is the same thing, its not like buying fresh fish which may differ in quality from one stall to the other ... if you cannot clarify what your value adds are, then you will be a mediocre remisier, are you prepared to face the challenges where more and more people are trading on their own via the internet (yes, they can still be your client but the rates drop substantially)

b) company dealers - they are usually fresh grads trained inhouse to key in the orders once they have passed the requisite papers, if their skills is just in keying in orders with no client list, then they end up working for a dealer who does the sales and marketing, there are good company dealers in that they are quick and efficient, a crucial role in execution, to get to work in elite teams especially for big institutional dealing teams ... the person must be dependable, responsible, meticulous, good at math, can do some excel to tabulate average execution prices, etc...

c) dealers/dealing teams - you can be part of a dealing team that has been built by one or two enterprising dealers, they basically also work for themselves, salaries are deducted from group commissions, structure of profit share depends on negotiation skills and the kind of revenue you can generate, you get to look after private, corporate and institutional clients, again what are your value adds, if you cannot clarify them you will end up in a mediocre team ... the difference here is that usually the team do not need to put up any collateral, dealing teams are better in that you do not exist alone and has the support and newsflow and buy/sell flows from a cross section of the market, the bigger your team is the better the terms, some even get to carry positions over a few days

d) sales trader - top of the food chain, used to be called institutional dealers, but I think sales traders get paid better, employed solely by company but focuses on bigger clients usually foreign based, may concentrate on hedge funds type, usually exist only in the top tier houses and bank backed houses, the very big funds or indexed funds may only be allowed to trade with big top tiered firms and bank backed, sales traders are also part of the placement arm for IPOs and matching orders, must be able to take positions on books to bid/offer for blocks,  do switching strategies (e.g. sell KLK buy FGV) or reweighting by indexed funds

How To Start

Your parents did not spend RM50,000-RM100,000 a year for 3 years for you to come back and sit by a phone or just keying in orders into a terminal, almost like a receptionist. Many see the roles as the easiest way to earn a living. If you think like that, then I can guarantee you will be way below average.

Its a sales job. No matter how good you are if you are working from a second or third tier securities firm, you will never get the big institutional clients. Hence you need to get to a top tier house and positions there are usually not advertised. Usually they are filled by frustrated analysts, frustrated corporate finance people, frustrated xxxxxx within the securities firm. You need to know somebody who knows somebody to get the prime positions. Once inside a big top tier house, you won't want to move too often, and should only move horizontally to another top tier house.

If you are a good sales person, with good skills such as technical analysis, fundamental analysis, good spotter of movers, good trading instinct, has a good network of reliable information flow ... it doesn't matter much which type of securities firm you operate out of, then you are better off building your own team.

Best way for a fresh graduate is to join an established dealing team. You won't amount to anything being a company dealer at a third tier or fourth tier firm. The dealing team may throw you a few small clients to start with but you have to go and get your own to build your rolodex. Once you figure you have outgrown your team, then go and set up your own team. If you just rely on your team leader's clientele, you will be no more than a receptionist.

Can you learn to be a good dealer? Can you learn to be a good trader? To a certain extent yes, but that will never qualify you for success. It has to be inherent in your blood. You need to feel excited by the markets. You must want to better the markets. You must care about making the right calls. You must want to make a lot of money, not just want but really really want.

If you are a sales trader, then EQ skills are very important as you will be dealing with too many clients with big egos and small dicks. In fact that is the number one skill for a great sales trader, the other skills are just tools of trade.

So How ...

Must know why you want to become one. Must be passionate about the markets. Must like reading about stocks and business news, business personalities and business magazines. Must be open to abuse. Will need to handle high stress. Must be able to drink a bit. Must have a bit of an ego. Should be an alpha male for a guy and for a girl must be able to work with dickheads and around dickheads.

This posting ties in well with my previous take on ....


TUESDAY, JULY 17, 2012

How To Behave Like a Badass Sales Trader/Dealer/Broker


Getting into a dealing room is difficult in the first place. After the initiation period, you will have to behave accordingly in order to be a "stockbroker". Most of the behavioural traits will be inculcated via osmosis, but you can always learn some handy tricks.


Yell Occasionally - Its no point being a soft spoken, polite person, in a dealing room. You will be accorded no respect. You have to yell occasionally to voice urgency. Easy targets will be when speaking on the phone to back room or settlements - use phrases like "the deal is done, don't bother me again"; "don't bother me again, just cross it it"; etc... The other easy targets are your execution dealers, some choice phrases include: "just hit the bloody thing to the stupid buyers"; "what do you mean we are still above the average buying price, ..C'MON"; etc...


Foul Language - This is a given, its the vibe, its a must. If you are not using occasional foul language, your bosses and colleagues will think you never do deals big enough or have clients that are big swinging dicks (or dickheads in most cases). No need to do it over the phone as you try not to swear to your clients. Just pick up any research report and exclaim, "these fucking analysts know dick shit", you get the drift ... a good trick is to put the phone down and then yell "Fucker" or "Useless fucker", hey, you might not even be on the line with anyone, but your colleagues and bosses will think you are doing "good work". "Good work" meaning "taking shit from clients".

Slam the phone - You are not a good broker if you have never broken a phone before. Sometimes the PABX system board may be very expensive, in that case, take the receiver and just whack on the table a few times till it can be heard across the room. Nobody will mess with you cause you will be perceived as a badass broker-dealer-trader. Works every time.

Use Useless Abbreviations & Insiders' Lingo - Sprinkle it in your conversation especially among friends not from the industry. Examples: dog with fleas, dead cat bounce, GN4, PN17, ostrich, pig, sheep, DK, Bollinger, arb, bp, CAC40, CFD, DAX30, front loading, front running, alpha, gamma, beta, GTC, RRR, warehousing, Sharpe ratio, theta, XD ...etc..


Badass behaviour in the dealing room is accepted because you are all fighting for the same clients. Some orders you got is some orders the competition did not get. To maintain good service, acute attention must be given to order instructions and execution precision - hence if you have to ensure the down line gets the message, you will yell and shout and curse, as its your head thats on the chopping block, not theirs. 
Getting yelled at by clients are normal, and as the punching bag, you will have to take those punches. Once the phone is down, that accumulated stress has to go somewhere or you will get an early ulcer or some cancerous growth.

Drink like a Fish - Badasses drink almost every other day. Either you have a really bad day in the office - so, need a drink. Or you had a really good day - so, have to drink to celebrate. If you are not a constant drinker when you are a trader/dealer/broker, you'd probably never amount to much. But basically you have to drink like a fish to numb your soul for being around so much money thats not yours, so many assholes, so much false pretences and bad behaviour,and so many devious sycophants. 


If you have read The Prince by Niccolo Machiavelli, you will know that a badass broker/dealer/trade is a true  Machiavellian. A person  who "views and manipulates others" for "personal gain, often against the other's self-interest". By reputation, stockbrokers have manipulative personalities. So do people who sell cars or houses. Its really hard to differentiate between the three.


How To Comfort Yourself - When your clients lose money, its a terrible thing and you will feel bad (for a little while). This always helped me when I was one, you will snap out of it when you repeat the mantra "Well, it could have been worse, it could have been my money, or it could have been me". Always work wonders.


How To Comfort Clients - When clients faced losses, they need to be handled. Tell them, you also suffered losses in your personal account on the same stock. Tell them another fund/client had even bigger losses than them. 

At the end of the day, a badass broker/dealer/trader is a person with high EQ (when necessary) and thinks that there is a vast gap between truth and untruths. Do you lie ??? ..., well, we don't call it lies when we are withholding some facts, ...we don't call it lying when we over exaggerate the attractiveness of a stock, ... we don't call it lying when we underplay the risk, ... we don't call it lying when we shove a placement down a client's throat because we just have to get the thing off our books.
--------------------------------------------

Question:
What does a hedge fund manager with no fund to manage say?
Answer:
Would you like fries with that sir?


A stockbroker is someone who invests your money till it's all gone!

--------------------------------------------


How to know you are not cut out to be badass:
- when you avoid calls from certain clients, if you can't face the music, you don't have the balls for the industry
- when you can't sleep well most nights worrying about positions
- when you look at yourself in the mirror coming home from work and you hate yourself
- when you feel like Spiderman in a bull market but feel like an idiot during a bear market (market cycles should have little effect on you emotionally, just the place you spend your holidays .. Mauritius or Redang)
- when you have no life apart from the markets

In the end, the financial markets, if you work in them, are just places where you help in the movement of funds from one to another. You live by the flickering lights on the screen. You stare at 4 screens the whole day and go home to stare at another screen, and if you are constantly on FB and Whatsapp, make that 6 screens - that is if you do not go to watch a movie, which would be 7 screens, what a life, screens the whole fucking day. In the end, you take your cut (or commission) with the movement of funds. You hope to value add in your service to clients via "good analysis" or "good execution" or "good information flow" ... mainly its all bull shit, and you know it too, and guess what, the client knows it too.

Ten Ways to Love: Enjoy without Complaint



How do you enjoy?  Food, films, life, love, children, family, husband, work, play, gifts, marriage? Do you find fault in small things?  Do you find areas of improvement to point out ... freely?  Do you mumble to yourself about what could/should change?

That amazing movie you just saw ... if only the main character could have acted in a more convincing way.  The meal you had at the new restaurant ... if only the wait staff had attended you more closely.  The beautiful sunset this evening ... if only the weather were warmer.  The way your children worked together today ...  if only they hadn't made such a mess.  The loving gestures your husband made this week ... if only he would put his dirty clothes in the hamper instead of on the floor.

If you're like a lot of the human race, just about everything in life could use a little tweaking.  We complain about the weather, about money, about politics, about social ills, about our jobs, and about our spouses and marriages when they don't meet our estimation of "good".  We may have no outstanding needs in life (food, clothing, shelter), but our wants?  ENDLESS!  We measure life constantly against an ever-changing measuring stick of expectation and worldly overtone.  Desires of the flesh and of the deceitful heart don't make good "quality versus quantity" filters.  Seeing through God's eyes makes the life we have plenty, and even bountifully blessed.  We have to learn to see this way.  We need to learn to see the way a child sees a lollipop or a small gift offered "just because".

If you think about how many "just because" moments we have and how we dishonor the blessings by analyzing, nit-picking and measuring them up to "perfection" (earthly perfection), you would feel the shame that belongs to the despicable practice of "comparison" that complaining really is!

Enjoy without Complaining, the sixth of Ten Ways to Love from a biblical standpoint, has this to say, from Philippians 2:14 --

Do everything without grumbling or arguing, so that you may become blameless and pure, “children of God without fault in a warped and crooked generation.” Then you will shine among them like stars in the sky

In my own experience, including what I observe around me, I notice something important in attaining peace, both within ourselves and in our relationships:  
Complaints often target one aspect of a situation, event or person like a magnifying glass enlarging one flower in a rose garden.  A complaining spirit will find the one tiny aphid in the whole garden and focus on it, above the rest.  Soon, the complainer forgets the beautiful blooms, expands on the aphid, and enlarges it to the size of a 747 airliner sheerly by her framing and focus.

Look at the roses!  Don't miss the glorious, the beautiful, the blessings, the love, and even the ordinary because you can't help but tweak the possibilities or reevaluate the outcome for next time.

Every single person can learn to enjoy.  Each one of us can discover what it means to give thanks in everything ... even in misery or in struggle.  


  "Whatever happens, give thanks, because it is God's will in Christ Jesus that you do this."
I Thessalonians 5:18

The more a person complains, the unhappier she grows. Complaints build on themselves, carry over into other topics of conversation, and begin to gnaw on the insides of listeners.  If not nipped in the bud, a complaining spirit can override the atmosphere of a social gathering.  It can turn a peaceful evening for a married couple into an argument.  Nit-picking can leave pockmarks on the loveliest of experiences, and can degrade the surface of the conveniences in life.  The "if only" begins to speak louder than the "I like" or the, "I enjoy" experiences, like a food critic indulging your desires to try that new restaurant for the talented chef and gastronomical delights, then dulling your interest by focusing on and grinding an axe on a leaf of misplaced garnish.

The Philippians 2 verse provides us a prime reason for not grumbling or arguing -- that we may become blameless and pure, and different from the people around us.  Certainly, many people find the silver lining in each cloud and magnify the rose instead of the aphid.  Yet the bent toward discontent -- finding the negative -- seems to permeate so many lives.    

Complainers become the flies in the ointment, the vinegar rather than the sugar, the cloud rather than the silver lining.  Complainers rain on parades and pour water on comfortable blankets.  Seeing themselves as "realists" or for bravely pointing out the obvious sustains many complainers.  Believe it or not, other people do notice where tweaks can improve a moment or where a different actor could play a movie role.   But they don't focus there.  They see what's good and keep the joy. 

If you tend toward criticizing -- whether you focus on people, language, deeds, appearances, or any other aspect of the physical world or on the abstract aspects of love, thought, intention and feeling/emotion, you appear as a joy drain.  You suck the fun right out of the experience!  Smiles fade, eyes search for safe resting places, attention diverts, and you have a platform for passing out morsels of negativity.  God wants more for you and he has more for you.  

In marriage, this plays out very intricately because we do see each other's low points, faults, habits and mistakes.  When we ask for God's vision and begin to focus on the rose instead of the aphid ... let me tell you, what joy is mine!

Enjoy.  Enjoy fully, keeping in mind those around you who can have the wind knocked out of them by harsh words of complaint and judgment.  Very often, the world around us needs work, the people around us need to make some adjustments, we need to change -- of course!  But none of us need to appoint ourselves judge and jury or even as Inspector of Everything.  By doing so, we put ourselves above the rest.  We're all in this together.  Play nice.  No rose-colored glasses, please.  Look through God's eyes.

ENJOY!




Others in this series:




How to Destroy Your Marriage the Easy Way


Somewhere between the altar representing vows of positive, forward motion and the first wedding anniversary, reality bites into the smooth road of our newlywed lives, cutting into the pavement like a jackhammer gone wild, stunning newlyweds, causing their forward motion to screech to a halt -- like deer caught in the beam of headlights.



Reality has a way of changing perspectives, but if you're anything like I have been in my married life -- a lot hard-headed,  indignant, self-righteous to a degree, soft-hearted but stubbornly willful, and quite certain that my own remedies would cure the ills if he would just listen, you have hit wall after wall and keep falling over all sorts of obstacles and into trenches and pits.  Most of them self-dug.

You can destroy your marriage fairly fast by remaining frozen in the road like the deer that stands stock still in the path of oncoming danger, or you can destroy it in short bursts and sudden moves -- the road most traveled for many couples.  In the short burst scenario, the deer bolts in several wrong directions, crazed by its unexpected situation, and turns into the path of the problem, thereby causing greater damage or fatality.

Whether you have managed to eke out a decade of married-but-disgruntled existence or you have squeaked past your second or third anniversary and simply do not feel the love and think you have made the biggest mistake of your life, or even if you have made it to the silver or golden anniversary by the skin of your teeth (gritting them harder every year), you can turn away from disastrous outcomes and find the treasure that marriage should bring.  There are other directions to turn, but you have to take the initiative and get yourself moving.

Or, you can plan to fail by bolting in all those wrong, deer-like directions.  As a human being, you have instinct, less intense and less dominating than the animal world owns.  You also have logical thought, and the ability to love unconditionally, reason, discern, learn, break habits, work cooperatively, listen intently, and to see things from different perspectives.  You have the Word to guide you.

But, you can destroy your marriage by doing any of the following as easily as you can do any of the underlined options listed in the last paragraph.  Choose one or a combination:
  • Forget to pray.
  • Don't bother to learn what God has to say about marriage (Genesis 2, I Peter 3, Ephesians 5).
  • Hold grudges.
  • Build resentment about what he does/did that irks you.
  • Tell your marriage issues to someone else mired in a similar situation.
  • Tell your marriage issues to someone who has no godly advice and who encourages you to vent while offering her own horror stories. 
  • Wallow in self-pity.  Feel good and sorry for YOU.
  • Compare your husband to other husbands and feel even worse because others appear so qualified at the job.
  • Talk about your husband to others in a derogatory or blaming way, poke fun at him ... jokingly.
  • Focus on your husband's faults.
  • Allow your mind to think, "If only he would _______," and fill in the blank with the actions, words or thoughts you want him to play out for you.
  • Rehearse the wrongs he has done to you.
  • Point out your husband's flaws to him, as they appear, so he can improve immediately. Dig up old ones, too.  The man needs review, since he clearly hasn't improved.
  • View your husband's needs as "picky" or "selfish", after all, he's not meeting yours, is he?  
  • Find excuses (other than true, physical inability) to NOT make love with your husband.
  • Withhold affection because he doesn't comply with your wishes.
  • Make a "How to Be a Good Husband" list and unload several items on him at one time.
  • Interrupt him.
  • When he brings up a need of his own, be sure to have reasons on the tip of your why they aren't really needs; play it down so it doesn't make you uncomfortable.
  • When arguing, be sure to pound hard on all the things you have done for him that he hasn't bothered to notice.
  • Don't put time, effort and thought into your marriage -- assume it will continue on without work
  • Pay more attention to your kids (your friends, your family, your job) than to your husband.
  • Don't honestly assess yourself as a wife using biblical sources (Bible, study book, godly friend). 
  • Don't look at yourself through a biblical lens, nor through the eyes of a stranger looking in on you, unbeknownst to you.
  • Don't ask God to show you your faults, sins or shortcomings.  Stay blind to them.
Pick one or dabble in several of them.  Hang on tight to your personal convictions and use them as a shield against your husband.  Don't show weakness, stand strong and proud, and never back down.  Stand in the roadway, stunned and confused, even with all the resources around you.

The innocent deer doesn't know how to proceed, but ... don't you?

One final thing:  if you have anything to add to the list -- those little prideful things you hold dear or the big, sweeping assumptions that hold a man down and don't let him up for air, please share.  When someone sees herself in one of these points, she may finally have found a place to start.  It never hurts to share.



Linking with:  Time Warp Wife, Cornerstone Confessions, Satisfaction Through Christ, The Bliss Diaries, GFC Blog Hop


Stocks For Post Elections - The Flip Side

Starbiz daringly came up with 8 stocks for those who think that the government will stay in power. The reasoning being, you may see volatility or weakness in stocks as the polling date draws nearer. They are of the view that IF you think BN stays in power, the following stocks may be "collected on weakness"

http://biz.thestar.com.my/news/story.asp?file=/2013/1/29/business/12638990&sec=business

They include: Sapura Kencana, MMHE, Handal Resources, Cypark Resources, Prestariang, MYEG, CIMB and Gamuda.

My question is: Does that mean that if the opposition wins, the above 8 stocks will be hammered? Well, I think so. You cannot have your cake and eat it at the same time. The very ingredients that the writers relied upon in assessing the stocks as to why they are in favour, will also work against them if the flip side occurs.

Somehow, nobody seemed to be focused on what stocks to buy and sell should the opposition wins. Here are my selections:

COULD BE GOOD BUYS

1) TENAGA - Obviously, they have been "forced" to leak profits to IPPs. Can safely say that there will be a lot of mutual reviews and  renegotiations, and maybe cancellation when the due date comes up for some IPPs. All will be in favour of Tenaga.

2) Some Banks - If CIMB is a sell, then a more level playing field will favour the ones in 2nd-4th place in IB.


COULD BE SELLS - These are predicated on supposed changes in the competitive landscape for the major industries which will not favour the current crop of industry leaders. Industries most affected should be oil & gas, autos,  toll concessionaires

1) Sapura Kencana
2) DRB Hicom
3) MMC
4) Litrak
5) PLUS
6) Gamuda


Industry Developments

PLANTATIONS Companies - Not many are aware that there are still a number of layers involved for CPO companies when they want to export their products. I assume these layers will be dismantled. However, more rules could be implemented to ensure sustainable agriculture and to meet global best practices. Neutral.

AUTOS - Proton cars are usually around 50% cheaper overseas. Enough said.

MONOPOLIES & FIEFDOMS - Industry which currently are monopolies could be unshackled, such as flour and rice. The water concessionaires are not making our lives easier. Read between the lines.

BIG GOVERNMENT TO BE DOWNSIZED - Industries which are currently very much dominated by GLCs or government presence will be downsized as it is highly ineffective and unreasonable to have such high government presence at the expense of the private sectors. Sectors currently with very high government presence include Utilities (90%), Transportation & Warehousing (80%) and Agriculture, Banking, Communications (more than 60%).

Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, shall not be construed as a recommendation to buy or sell any security or financial instrument. The ideas expressed are solely the opinions of the author. Any action that you take as a result of information, analysis, or commentary on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

The Bird & The Fish by Saima Mir

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The Bird & The Fish by Saima Mir
I wrote The Bird & The Fish in two parts.
 
 
 
 
 
 
 
Here’s Part 1.
 
There once was a kingdom whose people did not like change. In this kingdom lived a girl with olive skin and bright, brilliant dreams, and a boy with ocean blue eyes and a passion for adventure.
 
It was inevitable that this boy and this girl would fall in love.
 
And that’s when the trouble began.
 
Together, the boy and girl dreamed wide-eyed dreams of travelling to faraway places. The girl wanted to read all the books in the world and learn everything there was to know about the stars and the sun and the moon. And the boy wanted to chart every sea.
 
When the townspeople heard of the young couples’ talk and plans and dreams, they summoned The Council of Status Quo.
 
“We don’t like change!” they said. “Such talk of travel and books and love is dangerous.”
 
“It will lead to all manner of chaos!” shouted the men.
 
“We don’t mind what the girl and the boy do in their own home you understand… but soon our children too will want to try!” cried the women.
 
One old man, who had loved once but not been brave enough for true love, listened quietly. Using his stick to steady himself, he leaned into the crowd and whispered, “What harm will it do us, their dreaming such dreams?”
 
But like most words of good sense his voice was drowned out by shouts of dissent.
 
The townspeople hatched a plan and summoned an old crone who lived in a rock by the sea.
 
Bent over double, the crone hobbled in.
 
The townsfolk pleaded for her help, “This couple must die! They want to bring strange new ways to our land.”
 
The crone glanced at the old man who had spoken up for the boy and girl. She remembered how they too had been young once and how the old man’s love for her had awoken magic in her fingertips. But the magic had frightened the townsfolk, and they had banished her to the rock where she had hardened her heart.
 
Stooped low, the crone looked at the boy with blue eyes and the girl with olive skin, then turned as the townsfolk’s shouts rose higher and higher.
 
“He wants to chart the seas! She wants to reach the stars! Why do they want such things when none of us do?”
 
The crone pointed her bony finger and uttered a word, a magical word. The crowd silenced itself, fear running through them. Words are more powerful than weapons, you see, they can start and end wars easily. But sometimes the most powerful thing is a look, a glance, an eyebrow raised. This the old man knew, and as he stepped forward and the crowd stepped back, the old crone at once reconsidered.
 
She turned her head and she looked at the sea. Then she turned it again and looked up at the sky. She muttered some words to herself and in a flash the girl was gone and the boy was in the sea.
 
The crone had shown as much mercy as her hardened heart would allow. But at least she had tried, which should be enough for anyone.
 
The townspeople looked over and gasped. The boy was a silvery Fish. He could travel the seas and do as he pleased.
 
A feather dropped to the ground and the olive-skinned girl soared up, a brightly-coloured bird of paradise. She could now fly high and reach for the stars.
 
But dreams are empty without love, and the Bird and the Fish yearned to be together. After all, it was together that they had woven their wishes.
 
The Bird dived deep into the sea to find her Fish. She coughed and spluttered as the sea salt dried her eyes. She tried and she tried but it was no good. Tired and hungry she collapsed on an island in the middle of the sea.
 
Watching his love’s brave attempts, the Fish swam and he jumped and he tried to fly. His fins were no use in the air, and when he landed on the island his scales began to dry. Worried he would not survive; Bird used her beak to nudge her love back into the sea.
 
There are fish that can fly and birds that can swim, but not our Bird and not our Fish.
 
The sun it started to set, its rays glinting on the ocean. The two lovers gazed at each other sadly across the water.
 
If you want to know how it ends then download it here…
 
 
The Bird & The Fish is a modern-day fairy tale for all ages and cultures.
 
 


How To Become An Equity Analyst

I get this question all the time from younger folks wanting to get a foot into the financial markets. When we talk about investment banking, we are talking about equity analysts, sales traders and investment banking (corporate finance included) primarily. IB basically are the guys (gals) who meet with company owners listed/private and getting them to do deals which may include listings, corporate exercises such as rights, warrants, bonds, placements and/or M&A deals. Sales traders are the new fangled name for institutional dealers of the past. Sales traders deal with flows from clients, placements and basic buys and sells orders. It can get tricky with switching strategies, reweighting and ability to take on positions on books. I will talk about the IBs and sales traders in later postings.

Today its how to be an equity analyst. The easiest way, well not really easy, is to get a good degree from a good university. The named universities such as the Ivy league, plus the LSE, Oxcam or Sydney University or Melbourne University is a start. There are the second tiered ones such as Monash University, UNSW ... and you must score well. Most top houses will at least grant you an interview.

The most important subject to take is accounting. If you don't like accounting, forget it. You must be very good at Excel, if you hate spreadsheets, this is not for you. Get your niche early, know one or two industries very well.

If you are like me, screwing around during university and getting so-so results, there are plenty of ways to get your foot in as well.

a) Get a good internship - Use your contacts, your network, hope your parents know some BSDs at some investment banks. An internship at any top 10 brokers would do well on your resume. If you get your internship, don't just do what's been told to you. Ask around and get to know the BSDs in the right department. Hint that you want a starting position when you graduate, failing which, its OK to beg.

b) Do your CFA - This is the best route if you come from a university not in the top 100, and/or your results are so so only. Once you land a "business type" position, enroll and try to pass all the papers. It always look better if you can put in your resume, passed CFA Level 1, completing Level 2 etc... May not get you into the top 10 houses but getting into a local one even is a foot in. Get your foot in first.

c) Specialise - Do you want to be an equity analyst because you heard it pays well, or do you have a passion for analysing industries and companies? If its the former, you'd probably won't make much of yourself even if you get in. All analysts end up covering one, two sectors at most. Do your research, you can go the indirect route by specialising in plantations or banks, or semiconductors or technology, or mining etc... If you have spent 3 years at a plantations firm doing relevant work, you will be familiar with the parameters for that industry, what they look at, how to get the data and make predictions. 

To be an analyst in Malaysia is a small thing, if you can, work yourself into a regional position. Know the regional stocks as well. The big money is in becoming a regional something. You may have to move to HK or Singapore for those roles, except if you are in plantations, which you can basically look at companies in Malaysia, Indonesia and Singapore. The best paid person in IB, for sure is the top notch analyst ... look for the person who covers only ONE stock, e.g. Samsung or BHP ... they are paid over a million USD a year.

How to ace that interview:

a) Speak well - Besides researching and writing abilities, you need to speak well as all good analysts will have to speak to fund managers sometime. Your command of English must be good and your verbal skills as well.

b) Convincing - Be passionate, don't come to an interview even for a junior position without knowing anything. Must say you have deep interest in one or two industries, and you will be grilled further, and you must know your stuff. How? Read a few industry and companies research reports and things must roll off your tongue. If you can't even do that, then you better hope and pray you are a very pretty girl. (...its still a male dominated domain).

In the end, getting in is tough, once in you can move up by networking with better houses. Write good research reports that brings value to readers. I would say only 1 out of 5 analysts starting out become good ones, the rest just stick around and at best become Senior Analysts after 5 years but cannot progress.

To make it, you have to be early in calls, and be right most of the time. You have to be vocal. If you do not have the "stuff" to do that, then you will not make much headway. You have to get closer and closer to the company owners. You have to stick around at conferences and industry sessions. You have to write well, you have to be PERSUASIVE. You have to make a name for yourself. You are your own brand, the house is just a shell. Brand yourself first. 

Its not everybody's cup of tea, its a high stress job, you work 12 hours a day, everyday there's updates, results ... you keep spreadsheets that run pages and pages, you have little time for socialising. Your job is never secure, you can get laid off when times are bad (i.e. every 3 years), the higher you go the harder it is to find similar positions when there is a crisis or market contraction. So you better be very good at what you do. 

Analysts get crucified all the time. Sales traders think you are useless paper pushers who cannot hack it in the real time wheeling and dealing. IBs think you are their lackey boys to support whatever corporate exercises they are doing. Bosses think you are a huge mf cost center. Good luck!

The Maldives - A Tale of Four Islands


In my first report I tried to give you general detail about holidaying in The Maldives. I told you I had been 6 times visiting 4 islands and how I planned to write a consolidated report my experiences with them. Well here it is!


Rather than reproduce the individual Tripadvisor critiques I wrote soon after each journey I am going to write afresh with the benefit of hindsight but the risk that possibly some detail might be historic. So please bear with me as I wade through my rapidly dwindling memory banks.

Hilton Rangali/ Conrad Rangali


We stayed there three times in rapid succession. It was our first experience of the Maldives and, like with most people they not only take your breath away with their beauty but also beguiled one into returning. We stayed on the following dates:

10th – 24th April 2005 25th August – 09th SEP 2005 20th April –
4th May 2006

All of these dates are outside the peak ‘dry’ season yet we only saw rain on the second stay and that was mainly at night. In saying that it got quite windy at the end of August which, whilst cooling the air, made the waters a little choppy. When it is both windy and choppy some people in the water villas were disturbed by some movement in their structure. To be honest, we liked it!

You will see I have given two names in my heading. The reason is that Hilton had the management contract when we first went there but their parent company decided to upgrade the resort to their more expensive ‘Conrad’ status around this period. We ended up not going again because we felt they increased their prices just that little bit too much when turning it into a Conrad.

We were there during the period of transformation and was given the opportunity of watching how they did it. The resort consists of two islands that are linked together by a narrow bridge. In the middle of the bridge they built a seaplane pontoon and a small reception/departure lounge. This handles all the transfers and replaced the original disembarkation point on the beach of the smaller island. In fact when we first arrived the bigger island was empty and being converted.


We could see the main island conversion was taking place rapidly. A large workforce consisting of hired foreign workers were putting together villas at a rapid pace. Restaurants, reception areas and a pool were springing up and we could see that ultimately it would have a big impact on the resort. They constructed their underwater restaurant and we were thrilled to join them eating the inaugural dinner under the lagoon’s turquoise waters. We were even given a little pearl to mark the occasion!

The palm trees arrived next. I was like many people who thought that properties were built between trees but it is the opposite out there. Most of these palm trees come from other islands. They are dug up by bulldozers, root ball and all, and then ferried elsewhere to be replanted. It was strange seeing it for the first time as palm trees appeared to be floating across the beach and then replanted.

Eventually the work finished and the new part of the resort opened. Most of the beach villas looked splendid. A lot had outdoor bathrooms which, whilst romantic, did not feel terribly practical. The baths were huge and, on occasions, filled with flower petals but it was still damn hot outside, you could hear you neighbours and the few mosquitos around just loved the easy meal! Apart from teething problems most of the guests staying in these villas had a wonderful time. If you stay in these villas now try to avoid being put in one on the lagoon side as the beach in that area is small at the best of times and tides.


The guest ‘balance’ changed with the construction of these villas and particularly the pool. Families with young children started arriving as did small groups and honeymooners. We kind of liked our barefoot paradise to be quiet and initially that was how it remained and we got completely spoiled. As visits progressed the resort did too as noisy kids played in the pool and couples groped each other on daybeds in the bar area. The resort eventually almost split in two where the ‘mature adults’ kept to the small island and the fun loving families stayed on their bigger one.

By the time our third visit came the split became three-way. Conrad as it was now called had built a new string of spa water villas at the end of the big island. I think this was built mainly to capture the East Asia market who take honeymoons of just a few days and enjoy spa breaks. A dedicated restaurant and spa was opened at the beginning of the pier selling small quantities of excellent food at a pretty high price. Again, aimed at those healthy dieters among us. The majority of these spa dwellers stayed put in their sector of the island.

So that is the history of this resort as I know it. What about our experiences during our three holidays? It was wonderful….with future forebodings.
Rangali Small Island is beautiful in every way. There was no pool (there is now) but who needs one when you have a vast crystal clear wave- less lagoon in front of you. It was all water villas and people tended to use their private sun decks. This meant the beaches were practically empty apart from staff bringing you drinks and cleaning your sun glasses! We were actually hugely surprised if we saw any other guests on ‘our beach’.


The restaurant and bar (Vilu) were superb One could flop into deep and comfortable settees overlooking the lagoon and eat by candlelight on the decking. The staff were kind and the food good. It was heaven. We made some good friends with the people we met including the waiters who we got to know quite well. The barmen were good and mixed great drinks. Unfortunately one had his contract terminated when he drank some alcohol and drove a buggy straight through a glass wall in reception!

You could walk around the small island in under 15 minutes and we did frequently. It was most odd because there were no really noticeable corners yet you suddenly found yourself where you started. There are pontoons off the island in at least four places to the various water villas which I understand have now been fully renovated.
We had villa 331 and it was perfect for us. It was not overlooked; it had a Jacuzzi and its own little clump of coral full of fish directly in front of it. They are all made of wood with grass thatch roofs. Each has its own bedroom, bathroom and outside decking.

There are three main types which are standard, superior and deluxe and they are all good. We preferred the superior villas because they are well positioned and had their own Jacuzzi sunk into the decking. The deluxe villas are bigger but are all in a line fairly close to each other. The only water villas I personally would avoid are at the end of the island towards the bridge as there is a current around them that can be quite strong.


There is also a Sunset Villa which is quite spectacular with its huge space, plunge pool, rotating circular bed and glass lounge floor. It also contains a kitchen area where staff can prepare your meals. We were moved into it for a few days as they tend to offer it if new guests arriving and there are no water villas available for a few days. I think they considered it better to upgrade existing guests for the end of their holiday than downgrade new arrivals. Perhaps one could mention one’s willingness to go there if necessary?

The Spa villas on Main Island are another place you may be offered. Again we were offered this on one of our stays. They are huge and absolutely beautiful inside. They were having teething troubles when we moved in with the plumbing and dangerous slippery decking but I am sure that this has been fixed by now. We ourselves were not too keen as they were rather isolated from anywhere serving my kind of food portions! Also the beds had hardwood surrounds that I kept on crunching my legs on and there was not enough curtains in the sleeping area.


Rangali is wonderful for swimming purposes but there is one little snag for small island dwellers. The house reef is the other side of the main island. They have all the other services you would expect from a high range resort like a Japanese restaurant intriguingly sunken in the sand, a Sunset Grill in a beautiful overwater setting, two good bars, underwater restaurant (quite unique) and a thriving dive centre.


Now, if it is so perfect (and it was) why have we stopped going there? The price hike is the main thing. This company has really pushed their prices up, and arguably beyond, an acceptable limit. At the same time they have diluted its exclusivity and made it crowded in comparison. We look at it as a dream island that we remember very fondly. We worry about risking these memories going again and paying a premium to do it. It worries me too that an island that was number one in the Tripadvisor ranking has dropped to number 31 today.
Perhaps one day?


Mirihi Resort


24th July – 06th August 2010

How on earth do we compete with our Rangali experiences? Especially when the Maldives is well into the ‘rainy’ season. We decided to look for a small island away from it all in the same southern atoll where I had heard there was a chance of better weather. We studied Tripadvisor reports and found Mirihi. It seemed to fit the bill in so many ways but did not seem to have any UK tour operators using it. We ended up booking direct although now it has ascended to number 2 in the Tripadvisor ratings it is easier to book a package even in the UK.

Our first impression was how tiny it was. How do you get both guests and staff on such a tiny island? It really is that small. Probably the smallest we have been on. It probably takes as little as 5 minutes to walk around it. Our reception was great. The seaplane taxied up to a pier from the shore and there was the new GM with two very attractive young German ladies (guest relations) to meet us and arrange bag transportation.

We walked towards the shore and the first thing you came across was something that looked like a graveyard. There were all these posts and crosses standing next to the tree line and we began to wonder if previous guests had been buried there. On closer inspection at a later date it turned out that these were in fact monuments to those that had reaffirmed their love for each other on the island before flying home. Not at all ‘British’ we thought which just about described the place.


The island was owned by A Maldivian lady who was not really keen on making any changes and these ‘monuments’ had been implanted in prime beach sun lounger positions for years. Nobody seemed brave enough to move them! This was our overlying impression of our whole stay. A brilliant resort built mainly for the diving market and not very focused on the British or beach comfort.

You enter the resort through a sanded reception area which was a few comfy seats, one desk and little else. One then walks through a lounge/boutique shop area where there is also a PC for guest use (it used to cost a small fee) and on to a crescent shaped bar with sheltered indoor and outdoor seating. Beyond that was the main buffet restaurant and then through to the sand paths that lead to the villas and a very busy and thriving dive shop.


This place is always pretty full but looks mainly deserted except for meal and dive times. The vast majority come from mainland Europe (particularly Germany) and there are regular frequent organised dives during the day and even into the night. It is the perfect place to learn to dive and is located close to some of the best diving and whale shark viewing location in the atoll. The reef around it is also abundant with all kinds of marine life and the resort itself feels very eco-friendly.

I labour on the benefits of the diving as somewhere along the line that is where the amenities seem to have stopped. The small beaches are pristine but they had no permanent sun umbrellas. The only sun beds were made of brittle plastic and positioned only for the few beach villa dwellers. Very strange!

When we told the management we did not want to dive but would rather sit on the beach they could not have been kinder in fixing us up, but we had to ask. We ended up with chairs, mattresses and an umbrella stacked in reception that they ran out with every time we went on the beach which although nice, became rather embarrassing after a while.

There were also infrequent rain showers that necessitated frequent removal where a permanent grass rondavel shaped permanent structure would have made so much sense. What made it more weird was that we were again sat next to the ‘graveyard’!
I think the resort had at least two staff looking after every guest. The guests stayed in either a small line of beach villas that were always occupied by regular visitors and a dozen or so water villas. These water villas were mainly built in a tight circle at one end of the island and were comparatively small but well laid out. Positioning is important and you need to weigh up whether you want sun, sunsets, shallow or deep water. There was another small line of water villas but we did not think they were as attractive and at least one was badly overlooked.


There is also an extremely delightful but highly under-utilised special restaurant off the flying boat pier. They host sunset drinks there and the water is illuminated to display the many fish that swim around it. The restaurant was superb when we were there but rather like the rest of the island we were the only ones there to enjoy it.
The island staff soon became our friends and you could not help liking and appreciating them.

They have/had a long term GM there who left just before we arrived but came back a few months after we left. We got to know a highly motivated interim GM who listened closely to all my comments and suggestions. I only hope his attempts to implement them did not lead to his hasty departure not long after us. They also had an Australian ‘Executive Chef’ called Tim and he was a fantastic cook and all round great guy.


The bar staff were also great but heavily under-utilised. As most people are divers they are somewhat restricted in what they can drink and when they can eat. We had many pleasant but rather lonely evenings sat in the bar talking to the staff or stroking ‘Tiger’ their then VIP permanent cat resident. Tiger is unfortunately no longer with us but at least he lived on that island for over 20 years which is one hell of a holiday!

Mirihi is a wonderful small ‘Robinson Crusoe’ island that would be perfect for honeymooners who also happen to be divers. It could be a lot more and maybe it is now. Mind you I only hope that it maintains its special charm. I am sure it does as it has risen from obscurity to the top ten resorts according to Tripadvisor.


We were supposed to be there for 16 days but after 10 I phoned the Lily Beach resort and we transferred there. Why? At that time we found temporarily camping during the day and totally quiet evenings a bit of a drag after our previously hectic lifestyle.
Lily Beach was very different as I will report next!

Lily Beach


06th August – 12th August 2010

Lily Beach sent a boat over to pick us up. It all went very smoothly and surprising quickly. One minute we were clambering on board the large powerboat and seemingly whisked over to Lily Beach in a matter of 20 minutes. I was a little puzzled as I had been told it would probably take an hour yet there we were after 20 minutes $386 lighter but hey, this is the Maldives!

As I reported at the time Lily Beach is a bit unusual as it seems to have a bit of an identity crisis. It was clearly a beautiful resort that seemed to be packaged as one yet had a huge range of different guests. It is billed as a 5 star all inclusive but how can you have an all-inclusive that is 5 star? Do people who stay in a 5 star resort eat buffet meals in crowded restaurants drinking lower cost wine and sitting next to a rowdy table of eastern Europeans? But then you go back to your water villa and walk into incredible opulence. How does that work because it happens a lot at Lily Beach.

The island is a kind of oval in shape. At one end are the water villas along a huge double looped boardwalk that goes out quite a distance. In my opinion the best villas to choose for safe and enjoyable swimming/snorkelling are the ones on the spa side. The spa is at the beginning of the boardwalk on the right as you look at the villas. I am afraid I never went there being idle and past redemption!


Before you get to the spa there is one of the alternative restaurants which is popular at lunchtime and right next to the infinity pool. There are sun loungers all around it but these tend to get grabbed by folk pretty early which is another thing not very 5 star. The beach there extends all down that side of the island and is very beautiful albeit open for beach activities and water sports. Bordering this shore are the villas. I never went in one but was told that they were pleasant but not quite as good as the water villas.

Eventually you get to the other end of the island where they have another bar/restaurant called Vibes which is also next to a second pool. They occasionally stage entertainment in this area. Walking from one end to the other takes quite a long time (especially in the heat) and they lay on an intermittent buggy service to ferry people around. Allow plenty of time as this service sometimes waits for a number of people to ask.


Walking back along the lagoon side of the island there are another group of villas. They do not have a beach as such but enjoy direct access to the sea. Beyond them you get to the main structure which is the largest I have seen in the Maldives. There is a huge open- sided reception area full of benches and chairs that house new arrivals and departures while they wait. Beyond that is the main bar, and library/games room. Behind that is a truly vast buffet dining area and further on the dive centre.

If you keep on walking past that you will come to their ‘fine dining’ restaurant which is built over the lagoon. There are inside and outdoor tables and the latter become very busy in season. Most people staying at the resort get one dinner there per holiday so, if you do, book as soon as you arrive. We didn’t and they could not fit us in the rest of our stay. Not very 5 star. Carry on from the restaurant and you end up back at the water villa pier.

So what do we have? Two standards of villa, two pools, a huge restaurant and a beach along one side. But that is not all. Twenty or so feet from the villas and beach is the most wonderful house reef. Very few people seem to swim along the deep exterior of this reef but if they did they would marvel at the myriad of different fishes large and small.


I mentioned the huge restaurant area. Most nights it is set up using a main theme i.e. Chinese, Indian etc. and the buffet and service stations groan under the weight of food from those areas. You still get more generic stuff on some counters and there is a three or four choice table d’hote menu as well. You can order bottles of pretty decent wine too under the all-inclusive tariff. Water, other drinks etc. are also included.
The biggest shock we had were the people staying at this resort. They were not what we expected which sounds awfully pompous but true. Maybe it was the massive difference between a tiny Mirihi and a large multicultural, all inclusive resort like Lily Beach. The first few day got me seething as noisy gangs of people shouted to each other and men in Speedo swimming costumes sat in the pool restaurant. I muttered darkly as Japanese guests snagged their pedalos on the coral outside our water villa and had to be rescued. I had become a snob.

Reflecting on it now I would most certainly go back again. You see you still have your own water villa refuge and the rest can be very entertaining. On reflection it was enormous fun watching the antics in the bar at night. People were drinking huge quantities of premium spirits free of charge whilst pocketing handfuls of cigarette. One man never learnt how to sit down on the seats and catapulted over the back every single evening. The plant behind him died after six days of being squashed. Great fun and I left feeling most of the resort were 5 star but many of its guests were not!


Now what about these water villas? They were wonderful. They were very spacious, had a bedroom with large seating area, a fabulous air conditioned bathroom and fantastic outside decking with shallow plunge pool and steps into the sea. The fridge was stocked with soft drink, crisps and wine and nothing much was left out anywhere. They can get a bit wild when the wind blows hard but, as I said, we liked that. My only worry was the toilet. It had a glass side and floor. How nice you might think until you have a Korean couple in a sea kayak paddling underneath you!

In summary I would say that Lily Beach has something in common with Conrad Rangali. They both do not seem to know what market they want and how they are going to satisfy them. Perhaps Conrad might charge more in the hopes of getting the ‘right’ clientele. Lily is by no means cheap but slightly less prohibitive cost-wise. No doubt neither need worry to much as so many people want the Maldives experience.

Next to come…Cocoa Island…Tripadvisor’s number 1


Cocoa Island


22nd November – 6th December 2010

This was our most recent trip to the Maldives and probably the most luxurious of all. Not quite as expensive as Conrad but so much better in many respects. Maybe we just prefer smaller island and this one is definitely in that category.

This was the only island where we transferred to it by high speed launch and we enjoyed the journey thoroughly. Most of the transfer seems to be in calm water travelling between islands and getting the chance to see everything going on around you. The launch flies through the water and, as I said earlier, the flying fish and dolphins sometimes join you.

When you get to Cocoa Island it is like walking onto a superbly comfortable and sophisticated Robinson Crusoe film set. Superb. The GM welcomes and sees off every guest and you are given a very comprehensive briefing on the resort and a quick tour of the facilities. Unlike say Lily Beach we never saw any more than four other couples at any time including meals. Wonderful for some honeymooning couples but a little quiet for other folk.


The main area has an infinity pool and wrapped around that is the restaurant and bar and that is just about it. The boat dock and reception is down one sandy path and the spa including another indoor giant Jacuzzi pool further along. Next to the Spa reception is a relaxation/reading area with a large supply of books to satisfy the most avid reader.

Again, you can walk around the island in 10 minutes and on this one the staff quarters stretch to the edge of the lagoon. Despite how close they live to each other they seemed a very contented crowd which is usually a sign of good management. As usual the staff here were charming and very keen to talk in order to improve their language skills.


The island is surrounded by a sand beach. The flattest sandiest area is where they have put their water villas and this area is vast and good for swimming. Lots of little sharks and rays and we even saw a small marlin leaping out of the water 30 yards from our deck in the deeper water. Like a lot of the island the sands are constantly shifting and they have a little pumping barge in the large lagoon that pumps sand across the island to a place where it is currently needed. This did not disturb us or anyone else I saw.


The water villas have been very well planned and many of them are in the shape of a Dhoni which is the name of the local fishing boats. They are extremely comfortable and well maintained. We spoilt ourselves and chose a ‘loft suite’ which had a lounge, upstairs bedroom hall, bathroom and upstairs toilet. We had a very large sun deck with high quality beds and, best of all, separate decking and stairs to the water leading from the bathroom. There was also an outside shower here which was perfect when you came out of the water.

Inside the lounge there is plenty of seating plus a table to eat any in-villa dinners. We assumed this were where many guests ate because we never saw them. At least in-room you could get more standard (and cheaper) meals. Food actually became a bit of an issue with us. It was perfectly cooked but most was too rich and too spicy for my wife’s taste. 14 days of fusion ‘fine dining’ was too much and we began to hanker for simpler stuff!


Diving from this island is supposed to be very good indeed and there are plenty of places to go. Cocoa is relatively close to other islands which you can see in the distance including the one reserved as for the Maldives prison. I have heard people speak negatively about this but I frankly cannot imagine anyone escaping and heading for a resort. They certainly will not try tunneling out!

Before signing out I must tell you more about the beach . There is a great area around the pool and bar with large straw umbrellas fixed in the sand accompanied by large comfortable sun beds. They were so comfortable that we inadvertently walked past an isolated one to find a honeymoon couple looking like they were about to consummate their marriage!


Further along the beach, past the water villas are some even more isolated sun shades and beds. Here you can enjoy the sunshine and sunsets without having anyone anywhere near you. Next to this area is a sand spit that at low tide stretches out almost half a mile out to sea. A grat walk but make sure you beat the tide coming back.

The welcome and service here was excellent. If I had to criticise I would sometimes say they were over-cautious not to disturb you to the point where you had to ask for things you expected like drinks etc. They were also sometimes so keen to get their cocktails right that they were warm by the time they got to you!

Out of all our stays this island was probably the most perfect (bar the food) although I still do miss the magic of our first love Rangali. Maybe I will throw caution to the wind and try it again. Who knows but, if we do, I will be sure to tell you about it!