I saw a news article today.

The article talks about the wages of various jobs, and what caught my eye is the pay of Managing Director. The median pay is around 15k. The 1st quartile and 3rd quartile is about 7500 and 22000 respectively, after I check the MOM website.

The reason why the wages of MD caught my eye is that I am benchmarking my pay with them. With my current pay of close to 8k, I need another 7k to hit that level. However, in actual fact, I needed more because I do not have bonus! So if I take 3 mths bonus, than I need about 18,750 per month. This mean that I need an additional of 10 per month. This is a very tough level.

The other reason is that I said to myself that to have my own namecard printed with the title of a MD, I should at least earn a decent pay, around those earn my the MD of a company, so that I will not feel embaressed to give away my name card. I check with my wife, and here company MD is earning around 16k, before housing allowance. So I use that as the benchmark. Now, the benchmark is more or less confirmed by the MOM survey. So I use the 15k as my benchmark.

But for the purpose of name card printing, I think I am going to set a target of 12k. This will mean that I need to make additional 4.2k per month, or about CHF3.2k. I am not sure if this is possible, but this coincide with my plpanning just a day or two back.

If I can make 3k CHF starting from this month and increase by 200 every month, than by Jul next year (exactly one year from now), I will have hit my target. But if I wanted to take into the consideration of bonus, than I need about 8.2k CHF, which than I have to wait for another year, assuming everything go smoothly.

So here is it, if within the next 3-6 months I can earn at least 3k CHF consistantly, than I can print my personal namecard with a title of MD without feeling embaress. Hey, some MD only earns 7.5k, which is lower than what I am making now. Than I shall aim for 15k. Ultimately, I need to growth my tradig account to 800k CHF.

I still have this fear of the downside, so it is important that I hedge my downside positions. If not, disaster can happen if a black Monday event occur. a 20% drop in one day will wipe out my whole trading account! But to buy a further strike put will reduce my profit, so I have been thinking this for awhile and finally, I think probably the best way is to sell uneven amount of otion, i.e., sell more call than put. The reason is that there is panic selling, but there is no such thing as panic buying. If the market rally, I should have time to make adjustment, but if a black Monday even occur, that's it! But a more precise hedge need to be consider as there is no point of buying insurance at a strike that will wipe out my account anyway....

The other reason for me to want to make sure I attain my target is that I cannot seems to be able to find another job at this stage..... sometimes, I really regretted not accepting the offer from ARA. It is probably the most stupid decision I made to stay here... no increment, no bonus, no perks, no more bankers entertainment. What I have is an idiot boss..... I just want to earn enough so that I can quit this job. Or rather, I can earn enough so that I do not need to depend on this job.....By than, I can treat this job as just something that give me additional cash flow... making some money without doing much work....but now is still not the time..... at least one year is needed, but I think the next 3-6 month will give an indication if my target is achieviable... I pray to God that it can work out for me.

Now with my baby boy coming soon, I need extra income for the baby... so this is something I need to make it work.