Gotten a new job but it's a contract job - Are contract jobs inferior to full-time jobs?

I have recently landed myself a job which I would start around the second week of November. It is a HR executive position with a bank however it is a contract position.

I have realised that most people wouldn't want a contract job, for example, my mum was pretty opposed against me taking up a contract job. She felt that there is no job stability and that the benefits of a contract worker is definitely not as good as a full-time permanent staff.




Well, I do agree with her on those 2 points. A contract job definitely wasn't on my mind when I was on a job lookout. Because usually contract jobs are involved with administrative tasks where the job roles will not be involved in crucial tasks as they employed you for only a short period of time.

This was also one of my considerations as well when I was considering whether or not to take up the contract job or not.




However, because I only have one HR internship during my time in school so it was pretty tough getting a full time job as most wanted someone with experience.

Are contract jobs really considered inferior to full-time permanent jobs? Like when interviewers looks at a resume, is a contract position less experienced?




But I have decided to take the offer of the contract job as it is a rather reputable company and the pay is rather okay, not high or particularly attractive but it's acceptable.

Of course, I am hoping to save as much as I can from this job and give my mum allowances per month as well. So, some planning would be required on my side to see how my salary would be split. 




Definitely, before my contract ends next year, I would be on the lookout for a full time job and hopefully I'll be able to get one.

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Updates on portfolio

Time flies, we are now in the month of November and 2018 will end in 2 months times. My friends and I were still talking about how we spend our new year this year at Changi Village with all the fireworks display and all.

Time sure flies especially when we are young. For my portfolio so far, it is down 13% so far without including dividends.




Of course, during this period, many stocks have a attractive prices and I am tempted to get more. But due to a shortage of funds in my war chest, I will not be buying anymore.

Many people have wrote and mentioned that this will not be the lowest, there will be more uncertainty in next year markets as the US-China trade war impacts really hit Singapore. You can read more on this article. 




Over this period, I have realised the importance of dividends. It kinda puts your mind at ease knowing that at least you are getting something back from the company. I have learned this lesson from Design Studio, from the time I have bought it till now, I haven't received dividends from it and it's stock price have been dropping at an alarming rate.

For now, this is the proportion of shares in my portfolio.

I would be shifting my focus more to REITs and STI ETF. Currently, looking closely at CapitaR China Trust as their recent results have been pretty good and MapleTree Logistics Trust.

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