Tourism promotes understanding free essay sample

Will universal the travel industry advances understanding between countries? BY 611 loll Every year, a huge number of individuals move around to see an alternate piece of the world. It is normal to accept that vacationers who have seen different nations have a superior information on the individuals. That suspicion additionally prompts the end that universal the travel industry advances understanding between countries. How obvious is this? Let us analyze what sightseers do in an alternate country.First, before traveling to another country, visitors are frequently told by their trip specialists of the potential shards which now and then incorporate neighborhood individuals. They are given case of outrageous situations where casualties are consistently the voyagers. At that point, when they show up, they are quickly taken to their lodgings in enormous mentors. They flood places where nearby individuals dont go. Their shopping, dinners, amusement all occur in disconnected territories. They wear an air pocket as far as possible. Aside from addressing the guide and a couple of shop aides, sightseers once in a while converse with the nearby individuals. We will compose a custom paper test on The travel industry advances understanding or on the other hand any comparable theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page To exacerbate it even, they meet pickpockets, they are ripped off by unscrupulous merchants. Moreover, not very many neighborhood individuals trouble to converse with them out of a certifiable Interest In the visitors nation, individuals and culture. Hence, when gotten some information about the neighborhood individuals, their answer Is practically nothing. In the event that somebody truly needs to comprehend an alternate culture, he needs to get familiar with Its language, remain there for at any rate a couple of month without wearing an air pocket, figure out how to revile and swear, deal with a vegetable merchant and afterward he can say that he comprehends the individuals.

An Evaluation of Blood Brothers

Kindred spirits is around two twins who are isolated during childbirth. One is sold and one is kept. They at that point meet later on yet don't realize they are twins until ‘the day they kick the bucket'. It is told all through the play, by the interventionist storyteller, with melodies as soliloquy's, to help recounting to the story and clarifying the characters thought and sentiments. One key topic all through is odd notion. It begins with Mrs Johnstone and her odd nature yet then creates all through the story as Mrs Lyons at that point gets offbeat and things, happenings begin to develop around the odd nature. It starts to influence the play, as the characters begin to carry on in an unexpected way, Mrs Lyons as she moves toward a psychological breakdown changes and her adjustment in conduct is affected by the notion of having a sold youngster, and a kid as well as a twin, if at any point two twins will meet and know about there fraternity both will pass on that equivalent day. The depiction of the considerable number of characters was incredibly acceptable. Particularly Mickey. Played by the understudy; Richard Munday. His depiction of the character I thought was extraordinary, I knew being an expert entertainer he would be acceptable and acceptable at playing little youngsters however I was extremely, astonished. The manner in which he depicted his character was (to me) exceptional. His utilization of non-verbal communication was extraordinary, the manner in which he moved and strolled and talked you could see his multi year old character radiating through, so unmistakably I was stunned, that anybody could utilize such basic things to totally change their persona. They way he transformed from a little kid to a young person, was incredible, everything changed about him with the exception of his actual character and Mickey was still especially there, you could simply observe he had grown up. His character changing in age helped me comprehend the story more, I realized they grew up however observing his age and character change and his associations with various individuals I comprehended, the later topics in the play. Mickey and Eddie growing up with Linda. I could truly observe there relationship change as Linda became hopelessly enamored with Mickey, his development was interesting, the manner in which he acted around her however it was unmistakably not the same as when he was a more youthful youngster. His non-verbal communication, discourse yet above all the air was totally different between the characters as they grew up particularly Mickey's towards Linda. Another character that shocked me was the educator played by Paul Dallison who played the instructor. The exchange between the two unique educators was great and amazed me. Just as awesome (and speedy) difference in outfit, the adjustment in non-verbal communication, voice and outward appearance was phenomenal. As the rich educator he was savvy and talked appropriately, articulating all words, standing upright and being truly decent, at that point changing to the scruffy, worn out, instructor, who talks normally, non-verbal communication and stance change is clear, he droops, indicating attentiveness and irritation. His depiction of the two unique characters is extraordinary; the extremely snappy change makes it much all the more affecting. The interventionist storyteller assumes a significant job in Blood Brothers. All through the play he recounts to the story, yet much more than that. Being an interventionist storyteller he mediates and meddles with the characters and the play. Just by welcoming on a large portion of the set and props, he turns into a significant piece of the play. As the play goes on he creatures to influence the play more and meddle. At the point when Mrs Johnstone consents to sell Mrs Lyons one of the twins, the interventionist storyteller hands Mrs Lyons the good book in order to make Mrs Johnstone swear upon it. This is a genuine case of when the storyteller meddles. This as well as he plays on the characters cognizant, playing with their brains, this is the place, the melodies as discourses come in, the storyteller murmuring in the characters ears, mentioning to them what's correct, mentioning to them what's going on. This includes a ton of emotional strain to the play, in light of the fact that the storyteller turns out to be extremely compelling. One of the most remarkable dramatization strategies utilized in kindred spirits is the activity before account. It has such an amazing closure, that from the outset I figured it would detract from that yet from seeing it I comprehend that it doesn't and even offers more to the play and consummation. It's totally done peacefully, which includes sensational strain in its self since it leaves the crowd thinking and addressing. Despite the fact that the crowd comprehend what occurs toward the end, it is as yet stunning when it comes. There is a ton of sensational incongruity, the crowd realize that Eddie and Mickey are twins isolated during childbirth however the characters don't; this includes incredible strain on the grounds that each time something genuine happens you start to think about whether their going to discover their twins. This is an extremely basic yet full of feeling gadget since it adds more layers to the mind boggling plot however not bad, it decidedly keeps the crowd ex tremely mindful. The melodies utilized all through the play help to upgrade the creation and include impact. With the storyteller being the characters cognizant and playing with there minds. Utilizing the tunes as discourse's I suspected was exceptionally incredible on the grounds that it gives them all the more importance and effect. Kindred spirit being a play with melodies and not a melodic improves it, since it not tunes for it, it tunes to pass on sentiments, feelings and happening making it progressively compelling. Interfacing with the crowd in an alternate manner totally. They are progressively connected with and mindful. Tuning in for importance and profundity. There were numerous images utilized in kindred spirits, the most grounded of all being that kindred spirits hand catch. It being so solid and incredible, representing solidarity, love and bonds is utilized all through the play. This assists with authorizing the subjects of solidarity and love which are appeared all through the play. The bond among Eddie and Mickey being kindred spirits is the key imagery of the hands catching and is so amazing its and emblematic it's utilized to upgrade the topics and messages all through the play. The lighting is very affecting on the presentation as it changes all through the play, as the play open there is red lighting; this makes an exceptionally dismal inclination. The red being representative of blood and passing, makes strain, riddle and dread. This assists with passing on the state of mind of the play. The activity before account starts the show, with the passing of the two twins; the red light adds incredible effect and setting to the state of mind of the scene, as it does all through the play. The adjustment in lighting from dull to light at various focuses in the play is very much utilized, the lights obscure a ton when the storyteller addresses include emotional effect, to his ordinarily incredible however serious talks, being and interventionist storyteller, continually meddling this includes more noteworthy influence making his job significantly progressively puzzling. The lighting when he hands Mrs Lyons the holy book is extremely full of feeling, the storyteller in murkiness with his back to the crowd and his hand and Mrs Lyons spot lit gives extraordinary influence like a grave thought or activity being planted so obscurely from the shadows. The lighting I think just as including influence, provides for the crowds' reaction more, so they appreciate the play to a more noteworthy degree. I thought the play was extremely, ground-breaking and I truly adored it. You can tell that everything in the play is there for an explanation, each prop and each lighting impact is clearly considered, it includes so much impact and show. Everything has an importance and reason, the play is extremely representative and compelling. It has an extremely amazing completion, with a great deal of emotional potential. I thought Eddie and Mickey not discovering they were twins was generally excellent, as it utilized a great deal of sensational potential, drawing out the show, making the consummation all the more affecting and stunning when it occurred. I cherished the whole play however I thought the completion was surprising to such an extent that it made the play extraordinary and ruling.

When Should I take my SAT IIs TKG

When Should I take my SAT IIs A lot of kids think of the SAT IIs as the ‘chill’ test, the one they can put off until senior year when they’re over the hump with everything else. We’re sorry to say, but we advise against putting off the SAT IIs. Or putting off anything. It was Ben Franklin who said, “don’t put off until tomorrow what you can do today,” and I walked by that quotation etched in stone too many times at Penn to not take his advice. So now we're passing his wisdom to you:  get the SAT IIs out of the way.We sympathize with the fact that, at the end of your senior year, you are already slammed with studying for APs and finals. The SAT IIs actually aren’t all that different from AP tests, so consider that if you study for those two tests in close proximity, you’re actually saving yourself extra work in the long run. A number of kids tell us that they would prefer to take the SAT IIs in August after they’ve had the chance to spend the summer studying. Let’s be real. It’s not like yo u’re going to know more three months after taking a course than you will right when you finish that course. Take them in June and register for them now.  Strike a BalanceWhile for most students this means June of junior year, if you take an AP class earlier in your high school career, schedule the SAT II to followâ€"yes, that means that if you took AP Bio as a freshman, you should take the SAT II as a freshman, as well. We actually recommend taking one SAT II each year of your high school career to junior-year fatigue.We also recommend that you strive towards achieving a balance of subjects. Even though you’re a humanities kid, you shouldn’t just take English, US History, and French. You should take an equal number of humanities and STEM subjects.Secure Your Spot Now This year was yet another record-breaking year for college applications. The number of kids applying to universities isn’t going down anytime soon. And despite the fact that some schools are opting out of the st andardized test requirement, the top tier schools aren't. Yes, there are more test-sites opening up across the country, but the sites are still selling out fast. We recommend registering for two to three SAT IIs today to hold your spot. You can always change your mind and take less, or even opt out altogether down the road, but for now, do your future self a favor and give yourself the option.Last year, one of our kids, Joseph, waited until May to register for the June test. Joseph lived in Manhattan and couldn’t find an available test site in any of the five New York boroughs. Thankfully, he found a spot in New Jersey, but ultimately, it meant he had to wake up an hour-and-a-half early the morning of the exam to make the commute. Losing sleep can affect your score. Don’t be like Joseph.Need some help figuring out which SAT IIs are right for you? Contact us here.

Need For Investment And Various Alternatives For Investment Finance Essay - Free Essay Example

Sample details Pages: 14 Words: 4186 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? Investment Management is a broad term that encompasses employing, monitoring and evaluating the performance of assets held in various financial instruments. It deals with financial instruments and the major entities involved include financial institutions, insurance firms, banks, individuals, etc. The markets these days being highly volatile, investment management is of prime importance generating returns on assets by combating the risk involved due to surrounding factors. Don’t waste time! Our writers will create an original "Need For Investment And Various Alternatives For Investment Finance Essay" essay for you Create order The paper basically focuses on the need for investment, various alternatives for investment, timing of investment and the investment process involved. Moreover, the paper also describes the major investment avenues (options) available to investors and the factors and approach that will be taken into consideration while making the investment decision. The paper also throws light on stock market fluctuations and corresponding investment behaviour. It covers the concept of time value of money and margin of safety. The author has also made an effort to describe the capital asset pricing model and arbitrage pricing theory. Futures and options have also been briefly described. Introduction to Investment Management Investment Management involves employing money in financial instruments in the present with an expectation of positive rate of return in the future. The financial instruments may be securities, bonds, assets, etc. Investors such as banks, companies, insurance firms or individuals seek to invest money in order to achieve their financial goals. The money required for investment usually comes from savings of an individual which he uses to get returns in the future. In the modern day scenario, there exist a lot of financial products which provide individuals with a variety of options to entities. Moreover, considering the volatility of markets and frequently changing regulations governing the various financial instruments, investment management is certainly the need of the hour. The money invested needs to be spread across various instruments in order to gain maximum return from the investment. Investment managers indulge into discretionary or advisory management to help the inve stors accomplish their objectives. In advisory investment management, the investment manager suggests alternatives regarding where and when to invest and when to sell the concerned financial instruments. In discretionary investment management, the investment manager has the authority to manage the financial instruments without the approval by the investor. Before investing, the investor has to find answers to few questions in order to come up with a plan for investment. These questions typically are: Why to Invest? What to Invest? Where to Invest? When to Invest? How to Invest? These questions have been answered with reference to investment management as under: Why to Invest? An investor would probably invest to generate an additional source of income to fund his future requirements. Now, when we talk about investment, a persons income majorly involves savings and consumption. Savings are deposited in savings account in bank and are liable to receive 4-5% on interest per annum. Considering the rising levels of inflation, these savings lose value over a period of time. So, the individual switches to fixed deposits which provides him 7-8% per annum of interest rate. So, fixed deposit provides the individual with an acceptable rate of return with minimum or zero potential risk. When we talk about other instruments like shares or securities, it involves potentially high amount of risk due to fluctuating markets. So, the rational behaviour of the investor might not always work. What to Invest? The investor would typically invest his/her savings and financial reserves. Where to Invest? Investment alternatives are spread over a wide range and mainly include: Investment in Bank Deposits Investment in Real Estate Investment in Currencies (Foreign Exchange) Investment in Gold Investment in Equities Investment in Commodities and Derivatives Investment in Government Bonds The investor should typically invest by diversifying his investment among various alternatives to maximize rate of return on his assets with minimum potential exposure to risk. When to Invest? It involves deciding upon the time during which to buy and sell the concerned financial instruments keeping the return on investment in mind. Moreover, the investors residence should be owned and not mortgaged. The investor must be earning sufficiently to meet the demand for current expenses. Moreover, the investor must also be able to take out time and demonstrate control over his emotions for successful management of his investment. How to Invest? Answering this question will enable the individual to define an investment system and an overall investment strategy with rules and regulations for the targeted investment. Investment Management Process The investment management process consists of 5 steps that mainly include: Setting the Investment Objective Establishing Investment Policy Selecting the Portfolio Strategy Selecting the Assets Measuring and Evaluating Performance Setting the Investment Objective Investment objectives may vary from entity to entity be it banks, financial institutions, insurance firms or individuals. For an individual, it may to maximize return on investment with a minimum risk. On the contrary for a bank, it may be minimum interest spread over their cost of funds. Investment objective can be specified in terms of Income, Investment Capital Growth, Stability of investment and Implementation. Before setting the investment objective, SWOT analysis is done to get a better view of individuals current financial situation. It could be done as shown below in the diagram: Moreover in setting the investment objective, a tentative risk tolerance review is also conducted in order to assess the risk associated with each of the alternatives. Establishing the Investment Policy It involves defining a policy that helps in allocation of assets among equities, debt, fixed income securities, real estate and foreign currencies. While defining the policy, the constraints of the investment environment as well as the investor need to be kept in mind. Environmental Constraints include government rules and regulations as well as working of the market place. Individual Constraints include financial capability, risk profile, time available, and understanding of the investment environment. Defining the investment policy for the individual will involve coming up with a strategy and tactics for investment which are in sync with the available alternatives and the operating investment environment. Selecting the Portfolio Strategy Again the portfolio strategy has to be in accordance with the investment objective and the established investment policy and guidelines. It mainly involves an active or a passive strategy. Active strategies have a higher expectation when it comes to the factors influencing the performance of various financial instruments. Passive strategies have minimum expectation input. Active portfolio strategy also takes into consideration the purchase of stocks and subsequent holding period to maximize returns. It also takes into account the spread of portfolio over several sectors and industries and checks the investment worthiness of the current stock. Moreover, the investor also needs to have an investment philosophy depending on the forces affecting the stock market and movement of stock prices. Selecting the Assets This would involve defining the portfolio in a way that risk commensurate with returns. The available alternatives in terms of asset classes involve equity, fixed income securities, real estate, debt instruments, currencies, art objects, rare stamps, etc. The investor has to manage his portfolio from time to time and balance all of the above instruments in accordance with the objectives. Measuring and Evaluating Performance This involves analysing the performance of the portfolio against a realistic benchmark. An investor or manager would mainly consider the risk-return profile while evaluating the performance and this evaluation will provide him with feedback regarding the improvements that can be made in the quality of portfolio. Investment Environment Introduction Investment environment is of prime importance as it helps the investor know about the demand supply gap that exists in case of various commodities and services. Each country has its own economy and several markets enable interaction among these economies. The market basically consists of: The Regulator (E.g. SEBI in case of India) The Trading Platform and its system (E.g. National Stock Exchange) Brokers (E.g. Broking Firms) Participants/ Investors (E.g. Financial Institutions, Mutual Funds, etc.) A particular economy may be affected by events taking place in various parts of the world and so the overall investment environment has a major role to play in investment management. Investment Avenues There are a large number of alternatives available as far as the financial instruments for investment are concerned. However, these could be categorized into 4 major categories: Financial Securities: These include equity shares, convertible debentures, preference shares, gilt-edged securities, public sector bonds, savings certificate, money market securities, etc. These are freely tradable and negotiable. Non-securitized Financial Securities: These include bank deposits, post office deposits, provident fund schemes, life insurance, etc. and are neither tradable, transferrable nor negotiable. Mutual Fund Schemes: These are mainly equity or debt oriented schemes which are used when an investor does not want to invest in the market. Real Assets: These include physical investments typically in real estate, gold and silver, stamps, art objects, etc. Investment Attributes The major attributes to be considered when deciding upon an investment avenue include: Rate of Return: It comprises of annual income and capital gain or loss. It is given by Rate of Return= Annual Income+ (Ending Price-Beginning Price)/Beginning Price Risk: It refers to variance in the rate of return expected. Put in other words, it is the deviation of actual outcome of investment from expected value. Various techniques employed to measure risk include variance, standard deviation, etc. Marketability: Here the instrument must have a low transaction cost and must be easily tradable. Moreover, price change between 2 transactions is expected to be very low. Thus, an instrument must be highly marketable. Taxes: This attribute considers whether the investment avenue provides tax benefits. Tax benefits occur mainly in the form of Initial tax benefits, Continuing tax benefits and Terminal tax benefits. Convenience: It involves the degree and ease with which an inve stment can be managed. Comparison of Investment Avenues Investment Decision Making Approaches Following approaches have been considered when it comes to identifying investment strategies that can be implemented to gain maximum returns from various financial instruments: Fundamental Approach It deals with the intrinsic value of the instrument which is deeply affected factors related to overall economy, industry and company. Psychological Approach This approach is mainly driven by greed and fear which represent optimistic and pessimistic behaviour of investors respectively. Stock prices are driven majorly by emotions and hence the decision regarding investment is based accordingly. Here the investors use internal market data and analyze it through tools like bar charts, moving average analysis, etc. to understand the price movements. Academic Approach This approach reflects the rational behaviour of the stock markets. It relies on the flow of information over time and hence makes the stock markets much more reliable and efficient. The major equation describing this approach is as under: Current Market Price=Intrinsic Value Eclectic Approach This approach involves all the 3 approaches as mentioned above. Here standards and benchmarks are established through fundamental analysis. Demand-supply gap and investor mood are tracked through technical analysis. It stresses on a positive correlation between risk and return and denies the fact that market is speculative or perfect. Common Errors in Investment Management Following are some of the basic errors that investors make due to a lack in perception regarding the existing investment environment: Unrealistic goals and expectations Ambiguous Investment Policy Overconfidence of the Investor Unnecessary switching of stocks Averaging tendency and inclination for cheap stock Over/Under Diversification Attractiveness of known companies Bad attitude towards profit or losses Investor v/s. Speculator Investor Speculator Long Holding Period typically atleast a year Very short holding period of, say, few days or months Usually is moderate when it comes to risk taking Assumes to high risk taking Moderate Returns provide less risk High returns on high risk exposure Decision based on proper analysis Decision based on market psychology Active Asset Allocation Introduction For any investor, there exists a base amount with which he/she starts investing in various financial instruments. This base amount is known as the asset base. For instance one has savings worth INR 5 lacs and inheritance worth INR 25 lacs. Then, if the investor plans to invest this, then his total asset base would be INR 30 lacs. Now, asset allocation involves percentage distribution of various financial instruments in which the investor wishes his/her asset base to be divided among. Here the financial instruments stocks, bonds and cash. Here again there will be a trade off between performance of the portfolio and aversion to risk. Thus, asset allocation involves monitoring and evaluating investment plan to decide upon the optimal allocation of our asset base to various financial instruments in order to meet the performance criteria set for the portfolio. Asset Allocation Classes Basically there are 3 classes of asset allocation as mentioned under: Long-Term Asset Allocation It involves a passive process wherein risk and performance are balanced. Here analysis is done in terms of stability and performance about the asset mix which best meets the long-term investment plan. Active Asset Allocation It involves an active process wherein the strategy is usually buy low, sell high. Here performance of the portfolio is improved through mixing of assets in response to changing market opportunities. It is a dynamic process and hence the investor needs to be aware of the market fluctuations. Portfolio Insurance It involves an active strategy of buy high, sell low. This is usually implemented for shielding the portfolio against adverse market action and hence preventing the performance from degrading. Asset Allocation Process Asset allocation process is based on assumptions which state the role of securities market and related returns associated with various asset classes. The first assumption stating that securities market reflects the rate of returns available from various asset classes. The second assumption being that of a normal relationship among these returns. The third assumption being the fact that securities market correct disequilibrium conditions when they occur. Again markets deviating from the equilibrium have better prospects for profits. So, the allocation process should be a step-by-step approach after evaluation of risk return profile of each of the asset class considered. Portfolio Upgrade and the Use of Futures A portfolio basically consists of 2 categories of stocks namely the buy candidates, which are very attractive and hold candidates, which are mildly attractive. Portfolio upgrade is required whenever a need arises to shift from one asset class to another. In an investment decision to move from stocks to cash, an investor may sell hold candidates having potentially lower expected returns. Futures are used whenever there is a need to accomplish a change in the existing asset mix of portfolio. Futures reduce the transaction cost and hence are an attractive tool. However, with futures we need to maintain a cash reserve in the portfolio in order to provide for margins involved in the futures trade. Some of the advantages of futures include: Low Transaction Cost High Liquidity Fast Execution Daily trades possible Potential of Favourable Mispricing However, recording all transactions may pose a disadvantage to the use of futures. Investment Management and Trading in the Stock Market Introduction Stock Market trading involves buying and selling a quoted stock in a manner that generates profit for the investor. Stock market behaviour is volatile and at every step it may differ. Research findings show that a step is 6.25% of base price. So, if base price of a stock is INR 1000, then one step is INR 62.5. Phases in the Stock Market: Bull Phase: In this phase the stock prices are consistently rising. Equities traded in stock market at least taking 2 steps forward with 1 step back. Bear Phase: In this phase there is consistent fall in the stock prices. Equities trade in the stock market at least take 2 steps backward with 1 step forward. Consolidation Phase: In this phase equilibrium is reached and stocks traded take 1 step forward for every 1 step backward. Depending on the available information, participants tend to drive the stock prices up or down. Distribution Phase: In this phase prices are at their yearly highs and so strong investors sell to weak investors and after the selling is done, prices again move down. Determining Intrinsic Value of Stock Intrinsic value of a stock is determined through following steps: Calculate the Earnings Per Share of the stock (EPS is based on assumptions about revenue and cost behaviour. Expected EPS is ought to give an idea about the profit generating ability of the company) Calculate price earning multiplier (Reflects investors willingness to pay and markets valuation of companys stock) Identify Value Anchor and Value Range (Projected EPS * Suitable P/E Ratio) Margin of Safety Margin of Safety plays quite a crucial role when it comes to transactions of various financial instruments. The default strategy of buying low and selling high in itself ensures a margin of safety for the investors. However, it is associated with the profits that the enterprise is making. Opportunities for margin of safety arise during bear market conditions. However, the investor has to use technical analysis for making his buy or sell decisions and timing also plays an essential part in these decisions. Consider a stock of, say, XYZ Ltd. priced at INR 200(Base Price). Now, price level below INR 200 means that stock is under-valued and thus it provides the investor with a margin of safety. Now, if the price rises to INR 200 or above, a rational investor would be a seller. Time Value of Money Time Value of Money refers to exchange of money at different point of time. The time gap between inflows and outflows in an investment leads to different current values associated with cash flows at different points in time. There are four primary reasons for the fact that money in future is worth less than what it is worth today. These are: Rising Rate of Inflation Opportunity cost of Lost Earnings Uncertainty associated with future Human Preference to consume the goods now Compounding refers to situations where a current value is being converted to equivalent future value for comparison to another future value. Discounting on the other hand involves moving back in time to convert cash flow to be received in future to its equivalent current value. The concepts of compounding and discounting are widely used in comparison of various investment avenues and the risk associated with each of them. Time Value of Money enables the investor in estimating the amount of money that he needs to save in order to meet interest obligation in future. It also helps in identifying a loan amount an investor can take considering the ability to pay the monthly instalments. Investment Management and Inflation Inflation refers to a gradual increase in the level of prices and hence an increase in the supply of money. Although high inflation and rising stock prices is not a good sign for the investors, most investors still consider investing in the stocks, as expected revenues and earnings are expected to grow at the rate of rise in inflation. However, the investor would be paying more for less as there may be no real increase in value of assets. Stock Market Investment Rules Make investments in larger companies with P/E ratio 10 or below and invest in top 2-3 companies in each of the industry Invest in sunrise industries and keep P/E ratio and EPS in mind. High P/E Ratio means high investor confidence and expected rise in companys earnings in the near future. Watch out for low EPS Time your buys and sells High Returns can be earned from high priced stocks with reasonable price-earnings ratio Sell when P/E ratio shoots up to unrealistic levels or after a steep rise in stock prices Stock Market Investment Strategies Following points need to be taken into consideration when deciding upon an investment strategy in stock market: Company considered is market leader in its industry and is growing at a rapid pace. Diversify in order to ensure low risk and a margin of safety (Invest in companies in fast growing sectors of economy) Sell stocks only in certain specified conditions Advantages: Focus on Initial Selection, Savings on transaction costs, High returns from capital appreciation Stocks can be sold to en-cash profit or loss or when P/E ratio crosses 40 or when there is a sustained rise in stocks for a period of 1 year. Do not sell in order to earn short-term gains based on speculations Diversify over time and focus on long-term value creation Risk and Return Higher Rate of Returns means high amount of risk involved. Equity returns are mainly influenced by 5 factors as mentioned under: Unanticipated changes in default risk Unanticipated changes in term structure of interest rates Unanticipated changes in inflation rate Residual market risk and Unanticipated changes in long-run growth rates of profit The 4 types of risk involved include Business Risk, Inflation Risk, Interest Rate Risk, and Market Risk. Here the correlation of securitys return in a diversified portfolio determined its risk. Moreover, risk associated with a portfolio is not a linear function of standard deviation of risk of each individual security. The risk can be measured by standard deviation method is identified to have 2 components namely Non-Diversifiable Risk (Effect cannot be avoided) and Diversifiable Risk (Avoidable and unique to individual security). Capital Asset Pricing Model Assumptions of Capital Market Theory Investors base their investment decisions based on risk-return investments Purchase and sale of stocks can be done in infinitely divisible units Investors can short sell any amount of stocks without any limit Purchase and sell of stock by single investor cannot affect the price of that stock No transaction costs Absence of income tax considerations Consider an investor lending at a rate Rf=0.06(FD rate) which represents a risk free investment. If he places part of his funds at this riskless rate and part in other riskier securities, then he could generate portfolios along a line. Expected return would be given by equation Rp= X*Rm + (1-X)*Rf Rp=expected return on portfolio X=percentage of funds in risky portfolio Rm=expected return on risky assets Now, SDp= X* SDm SDp= expected standard deviation of the portfolio SDm=expected standard deviation of the risky assets If X is percentage of investment capital in risky assets, then if, X=1; Full Risky Portfolio X=1; Part invested in risky portfolio X=1; Implies that investor has borrowed funds to augment investment capital under his charge The Arbitrage Pricing Theory According to arbitrage theory, the returns on a stock vary depending on a number of expected as well as unexpected events that occur during the time for which investor holds his/her portfolio. According to this model, systemic factors have a larger impact on the performance and these factors pose major risk to the portfolio. In arbitrage pricing theory, the actual return R on any security or portfolio may be given by R= E+ b*f+ e where, E= Expected return on a given security or portfolio b=sensitivity of security to changes in systemic factors f=actual return on the systemic factors e=returns on unsystemic factors Here the major economic factors that can be considered include inflation, changes in levels of industrial production, changes in risk premiums, changes in interest rates, etc. Market Efficiency It describes the operational characteristics of market and is of 2 types mainly: Internally Efficient: Cheap Transactions, Brokerage, commissions and other charges included Externally Efficient: Stock prices reflect all available information 3 forms of market efficiency include: Weak: -Price fully reflects pricing and trading history of concerned security Semi-Strong: Price fully reflects all public information, including price and trading history Strong: Price fully reflects all relevant information, irrespective of the fact whether it is publicly available or not Role of Options and Futures Options and futures enable better investment risk management as they help the managers identify the risk patterns and behaviours. An option is a contract in which the writer of the option grants the buyer of the option the right to purchase or sell the writer an underlying security at a specified price. A future is a contract between a buyer and a seller, in which buyer agrees to take delivery and seller agrees to give delivery of some specific product at the end of a designated period of time. Options and futures can be used to create instruments that offer a higher return than a cash market instrument. They can also be used to adjust the risk exposure or alter the stock/bond mix of a portfolio. Future contracts can be used to reduce the transaction cost. Conclusion When we think of gaining returns on our savings and reserves, then we need to invest in various financial instruments. However, each of the instruments has a potential risk associated with it and so investment management targets on returns adjusting against risk in order to generate profit for the investor. The investment has to be made at the right time and the portfolio, which comprises of various instruments, needs to be monitored in order to ensure its stability and performance against market uncertainty.

Judaism Essay example - 1469 Words

Judaism is one of the oldest religions in the world. Jewish people have suffered persecution through the holocaust, they were left with nothing. No leader or land to call their own as everything was taken from them. The history of the Jewish faith begins with the Hebrew bible or the Tanankh which has been referred to as the old testament by Christians (Fisher, 2005). The history begins with Moses who led the people according to gods commandments. This includes new teachings and a book called the Talmund. The Jewish people believe that if they obey God’s commands in turn God will deliver on promises he had made to them. The Torah is a set of rules that was given to the Jewish people by Moses. It contains rules for living a moral†¦show more content†¦After King Saul died, David was appointed king. The temple built by King Solomon who also held the Ark of the Covenant. This was where sacrifices were made to God. After the first temple was built the Jewish people were sent to Babylon and after their return 50 years later, a second temple was built. This second temple was where the Torah was established. After a war with the Romans in 132-135 CE the Jewish temple was destroyed and Jewish people were forbidden to practice their faith (Fisher, 2005). Judea was renamed Palestine and the Jewish people no longer had a home. The nation of Israel was originally a nation of nomadic people who were isolated and oppressed. After the horrific events of the Holocaust some Jewish people made homes in Israel. The people who made their homes came to be known as Israelites. They were given this name because the nation was named after Israel who was originally known as Jacob (Fisher, 2005). The nation of Israel has always been in a state of disorder and confusion, and in 1947 the United Nations gave Israel to the Jewish people who declared it an independent state in 1948. Israel’s Arabic neighbors did not support this decision and war followed. Battles are still being fought today. Tension also exists within the Jewish community in Israel. There have been many Jewish people who have settled in Israel. These settlers have diverse backgrounds. Some are orthodox and some are not which can bring tension. EvenShow MoreRelatedJudaism And Judaism2022 Words   |  9 PagesI am writing my research paper over Juda ism and the Holocaust. I think that Jewish religion is very interesting and I love learning about the Holocaust. I am going to start out by explaining the overview of some Jewish history and the four main branches. Judaism is known to be one of the oldest religions in the world today. Jewish history extends back though the ancient Israelite and Hebrew people to Abraham. The basic facts of Judaism are found in beliefs, history, and practices. Jewish beliefsRead MoreJudaism And The Temple Of Judaism Essay2349 Words   |  10 Pagestopic of Judaism may come with stereotypical opinions and â€Å"Christian Judgement† that are without merit or understanding. Judaism, by a Christian worldview, had to change after Pentecost, since the animal sacrifice to atone for sin Christ completed on the Cross. However, Judaism does not accept this truth of Christ and His work on the cross, but Judaism remains in the world. So, what was this change in Judaism and when did it take place? There ha ve been numerous fluctuations within Judaism, only theRead MoreJudaism : The Dynamic Nature Of Judaism957 Words   |  4 PagesJudaism The dynamic nature of Judaism offers a successful living religion as a result of its strongly withheld characteristics. Through essential characteristics such as central beliefs, sacred texts, writings, ethical teachings and rituals and ceremonies, Judaism offers a dynamic nature and liveable religion that connects an individual and society with its roots. The way this living religion advances and grows is because of its dynamic characteristics as a whole. Importantly, these characteristicsRead MoreJudaism s Views On Judaism949 Words   |  4 PagesJUDAISM First of all, before I begin with my research on Judaism, I did not consider that the Jews only believes in God. I thought that they accepted every word from the bible and that even though they have a Jewish calendar and different practices, that the bible that I use was quite similar with them with both Old Testament and New Testament. I knew that Judaism was the one of the oldest religions in the world that still exists today and was recorded in the bible. I had no indication that tellsRead MoreJudaism Vs. Christianity And Judaism1303 Words   |  6 PagesSherri Hollingsworth Archie Fugate ANT 130, 75Z1 November 10, 1015 Judaism vs. Christianity Christianity and Judaism are two religions that have similarities as well as differences. I plan to explore beliefs, religious ceremonies, and religious authorities in both Christianity and Judaism. Judaism originates from the time of Abraham and God made a covenant with Abraham promising him to make his ancestry a sacred people and provide them with a holy land. Meanwhile, Christianity derivesRead MoreModern Judaism And Traditional Judaism Essay2018 Words   |  9 Pages There is a fair amount of differences between modern and traditional Judaism. As this is the case, it is only natural that many well-known people in all walks of life can be considered â€Å"modern Jews.† This distinction is very important because as more famous people practice a more modern Jewish culture and lifestyle, more of the younger generations of the world quickly follow suit. Not only is modern Judaism accommodating towards modern scholarship, science, culture and a general modernity of theRead MoreModern Judaism And Traditional Judaism Essay2020 Words   |  9 Pages There are a fair amount of differences between modern and traditional Judaism. As this is the case it is only natural that many well-known people in all walks of life can be considered â€Å"modern Jews.† This distinction is very important because as more famous people practice a more modern Jewish culture and lifestyle, more of the younger generations of the world quickly follow suit. Not only is modern Judaism accommodating towards modern scholarship, science, culture and a general modernity of theRead MoreChristianity And Judaism : Christianity Vs. Judaism Essay1706 Words   |  7 PagesChristianity vs. Judaism â€Å"If you take away the Jewish contribution to Christianity, there would be no Christianity. Judaism does not need Christianity to explain its existence; Christianity, however, cannot explain its existence without Judaism.† – John Hagee This quote synthesizes that Judaism was a foundation of Christianity. This is the fundamental reason they are the same; however, there are numerous reasons Judaism and Christianity are different. Comparing how these two religions justify theRead MoreJudaism Essay943 Words   |  4 Pagesrise to Judaism after the destruction of the temple and the exile of Judah in 586 BC. The term Jew, in its biblical use, is almost exclusively postexilic. The Jewish religion of the biblical period evolved through such historical stages as the intertestamental, rabbinic, and medieval to the modern period of the nineteenth century with Orthodox, Conservative, and Reform Judaism. Along the way Jewish religion took on new teachings and practices. But with the lengthy development of Judaism and itsRead MoreJudaism and Christianity1462 Words   |  6 Pages In a tree of monotheistic religions, Judaism and Christianity, despite sharing common roots and spiritual tradition associated with Abraham, for many centuries diverged and developed in their own distinct ways. The partition, based on different theological doctrines, evolves around the idea of the nature of human relationships with God, which in case of Judaism are based on the Law of Torah, and in Christianity stem from the belief in Jesus Christ and its cornerstone – the doctrine of Trinity

Abraham Lincoln s Emancipation Proclamation - 859 Words

The Emancipation Proclamation Although Abraham Lincoln produced numerous timeless events in the history of the United States of America, perhaps none more effective as the Emancipation Proclamation. The innovative and impactful Emancipation Proclamation consisted of two executive orders issued by President Lincoln. The first order was issued on September 22, 1862 and gave freedom to all slaves in the Confederate States of America that did not return to Union control by January 1, 1863. One hundred days later, the second order was issued on January 1, 1863, this order was more descriptive and named specific states (Klos, 2014). Today Abraham Lincoln’s Emancipation Proclamation is viewed and favored as the Government’s first major step in the abolition of slavery. It is also considered the first real addition to Thomas Jefferson’s vision of equality outlined in the Declaration of Independence. However, the immediate reaction when the preliminary Proclamation was released was that of both praise and condemnation. Abolitionists viewed the Proclamation as weak, while Democrats and Southerners saw it as groundbreaking and aggressive. Other than the order itself, the manner in which it was released was a political and national powder keg (Girardi, 2013). The first executive order came five days after the bloodiest single day of the Civil War, the Battle of Antietam. However, this was not the beginning of the use of slavery as a war tool for numerous reasons. In theShow MoreRelatedAbraham Lincoln s Emancipation Proclamation2278 Words   |  10 PagesAbraham Lincoln’s Emancipation Proclamation is one of the most successful and influential documents in America’s history and throughout the world. Slavery in America had been a substantial part of its history since the early 1600’s and would eventually lead to be a very controversial topic throughout the country. It was an issue that divided the nation momentously into one of the bloodiest wars in world history where even further history would be made through the final abolition of slavery. The effectsRead MoreAbraham Lincoln s Emancipation Proclamation1899 Words   |  8 PagesAbraham Lincoln’s Emancipation Proclamation declared â€Å"all persons held as s laves within any State, or designated part of a State, the people whereof shall then be in rebellion against the United States, shall be then, thenceforward, and forever free†. While it continues to be a symbol of equality and social justice, his legacy has generated a century and a half debate that questions if he was the â€Å"progressive man† whose death was an â€Å"unspeakable calamity† as Frederick Douglass proclaimed or had heRead MoreThe Emancipation Proclamation By Mr. Harding1259 Words   |  6 PagesThe Emancipation Proclamation has two points of views from highly qualified professors if the Emancipation was to free the slaves or not. The first Professor is Mr. Allen C. Guelzo and the other professor is Vincent Harding. Mr. Allen proposed that Abraham used the Emancipation Proclamation to free the slaves. However, Mr. Harding used his research and insisted that no the Emancipation Proclamation was not to free the slaves. On the other hand, Mr. Allen m akes some well-revised statements, but MrRead MoreThe Legacy Of Abraham Lincoln1036 Words   |  5 PagesEnglish 8 4 December, 2015 Abraham Lincoln Research Paper Rough Draft One of the most revered men in US history was Abraham Lincoln. Everything he did throughout his life helped shape our country. He tirelessly worked to purge the country of slavery. He showed the country the importance of remembering those that died for our freedom. He never thought about himself, he always thought of others. Abraham Lincoln helped change America forever. When you look at Abraham Lincolns childhood you would neverRead MoreLincoln s Impact On The Civil War1542 Words   |  7 PagesAbraham Lincoln Research Paper Who was the Greatest President that ever lived! Abraham Lincoln. Abraham Lincoln was a very well respected man at an early age. He worked hard most of his life and worked hard in law, and as a president to keep our nation in one during the Civil War. He had the mindset to get where he needed to go. He lived a long and resentful life full of problems that he fixed. Lincoln’s early life, Lincoln enters presidency, Lincoln’s impact on the Civil War as a president, Lincoln’sRead MoreEssay on Abraham Lincoln - the Greatest President1069 Words   |  5 PagesAbraham Lincoln There have been forty four U.S. presidents over the past two hundred and twenty years. What president has served the best for our country? None other than Abraham Lincoln. Abraham Lincoln is the greatest president ever because he did great things such as ending slavery, getting the us through the Civil War, and helped our country a lot. The American Civil War was a war between the Southern states and the Confederate states. Abraham Lincoln was not very prepared for the war militarilyRead MoreSignificance And Impact Of The Emancipation Proclamation1658 Words   |  7 PagesLuzniak Mr. Deeb U.S. History 1A 5 May, 2015 Significance and Impact of the Emancipation Proclamation Abraham Lincoln once said, A house divided against itself cannot stand. I believe this government cannot endure permanently half-slave and half-free. I do not expect the Union to be dissolved - I do not expect the house to fall - but I do expect it will cease to be divided. It will become all one thing or all the other. (Lincoln s House-Divided Speech in Springfield, Illinois, June 16, 1858). TheRead MoreAbraham Lincoln : The President That Held Our Nation Together1017 Words   |  5 PagesAbraham Lincoln Research Paper Abraham Lincoln. The president that held our nation together. Lincoln’s early life. Abraham Lincoln was born on February 12, 1809, in a log cabin in Hardin County Kentucky, to his parents Thomas Lincoln, and mother Nancy Lincoln. They moved around and eventually settled in the back-woods of Indiana. They lived in a small cabin in the back-country of Indiana. As said by biography.com, â€Å"where the family squatted on public land to scrap out a living in a crudeRead MoreLincoln s Impact On The Civil War1564 Words   |  7 Pages Abraham Lincoln Research Paper During the Civil War, was Abraham Lincoln the cause or the cure? Abraham Lincoln, the man that hit right path toward life while earning respect. He worked hard most of his life and at law, and as a president to keep our nation in one during the Civil War. He had the mindset to get where he needed to go. He lived a long and resentful life full of problems that he fixed. Lincoln’s early life, Lincoln enters presidency, Lincoln’s impact on the Civil War as a presidentRead MoreMore Than Just A Five Dollar Bill1429 Words   |  6 Pagesleader. In my opinion the nations best leader is featured on our five dollar bill, Abraham Lincoln. Abraham Lincoln truly helped change the United States of America in some of the worst times. With President Abraham Lincoln being such a great leader, it lead him to accomplishing many great things. President Lincoln is often remembered for the laws that he passed. The first law that President Abraham Lincoln passed was the Homestead Act. This Homestead Act was passed to help improve the Western

The Progressive Era Essay Example For Students

The Progressive Era Essay The Progressive Era Essay The progressive era was a time of great change, the way people thought and what they did began to change quickly. Industry and business also changed a great deal in this era, with the many new inventions and strong businessmen things where rapidly changing. The progressive era lasted about 40 years, from 1879-1920. In 1879 Tomas Edison invented the electric light, I guess you could say he just lit the way for may other inventions that people made during this time period. The progressives where middle class people that where mostly composed of young people who wanted things to change, they believed that educating people was the best way to overcome a problem. They formed volunteer organizations that people would come to and they would educate them on what they thought the problem was with something. Some of the organizations I found where: (American Bar Association, U.S Chamber of Commerce, National Association for the advancement of Colored People, and many others. I think that they did this to increase the awareness of a problem and try to fight that problem with strength in numbers and educations, both are very strong weapons when tackling a problem. Muckraking was another way people got their point across, they would find out all the information that they could on a person and they would basically, just drag their good name thought the mud, telling the people about, the things that they might not know, the corrupt things and bad deals and kickbacks those types of things. A well known muckraker would be Ida Tarbell, She dragged John D. Rockefellers name thought the mud, exposing bad trust and how he was a ruthless business man, Another muckraker was Upton Sinclair, He wrote a book, to show the American people how bad, the food was, and how disgusting it was, a famous quote of his was I aimed for the peoples hearts and I hit them right in the stomach, making reference to how gross the book really was. Teddy Roosevelt was a very strong influence during the progressive era; He used his power a president to get what he wanted as a progressive. He helped things like the pure food and drug act pass, and used the Sherman Antitrust act to dissolve Carnegies Monopoly. He was a very strong leader and was not about to be pushed around, so it was very good to have him as president during the Progressive era when some are fighting for the new and some are fighting for the old. The city and state reforms, where to stops powerful figures like boss Tweed who was very corrupt and, had everyone in the city in his back pocket. They Reformed so that their wouldnt be just a boss, (a person that made every decision), they made it so the people had to stand behind him on his decisions, their needed to be a vote on all laws that where passed, and all people could try to pass laws with enough peoples support. Also with the reform, workmans compensation became, now if people where hurt to the point they couldnt work, they would be compensated until they could come back. Education was a very big thing to the progressives; they believed that an educated person could handle any problem. They pushed for more women to go to college and for more children to start school. The progressives believe that by putting large numbers of children in school they will soon have and enlightened population. Womens rights where fought for during the progressive era. Women began to hold steady jobs, Even though the jobs where the ones that where the least paying, and the ones with the least opportunity. Macbeth Essay Summary Not all reform movements are successful in making an actual change, however even if a significant change isnt made their message is still shared with the public. Reform group leaders are usually involved in the government and have a strong charisma, which helps them convey their message. Jesse Louis Jackson is one of Americas strongest political figures. Over the past three decades he has played a major role in just about every movement for empowerment, peace, civil rights, gender equality, and economic and social justice. Reverend Jackson has been called the conscience of the nation and the great unifier, challenging America to establish just and humane priorities, and bringing people together on .