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Monday, August 24, 2020
Saturday, August 22, 2020
National Honor Society free essay sample
It is a significant privilege and benefit to be designated for the National Honor Society. This has been one of my objectives since being a piece of the National Junior Honor Society in center school. The National Honor Society is supposed to be searching for studentââ¬â¢s administration, character, authority, and somebody who has had any kind of effect. I feel as though I fit these prerequisites. I serve the network through a wide range of ways. I volunteer to help with things going on around the network, for instance, I have joined to help with enrollment for a race that was going on at a nearby exercise center. I have additionally contributed in helping children and grown-ups with unique needs. I helped at Farm, showing these individuals how to ride ponies and speak with others. Riding ponies helped them figure out how to utilize their body all the more proficiently. I feel as us all that got the opportunity to contribute in helping them changed these grown-ups and kids lives. We will compose a custom article test on National Honor Society or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page They likewise changed our own on what we look like at individuals. At the homestead I additionally have educated at horse camp with the 8 and under children. Being an instructor isnââ¬â¢t as simple as I suspected it would be. You truly need to show the children great correspondence with others around them and furthermore a few principles and ethics that they will ideally carry on throughout everyday life. Like, excusing one another, and not to hold hard feelings against each other. I feel that character is an enormous piece of life. Fortunately, I have two guardians that have shown me my ethics. Sadly, not every person has had these imparted in their lives. At whatever point I get an opportunity I make a point to help and show others mine. At the point when my companions are mean to others in school I advise them to treat others how you might want to be dealt with. As an understudy of High School I have seen that there is a ton of tormenting, regardless of whether by race, religion, capacity to learn, or what ââ¬Å"groupâ⬠you are a piece of. I think this all needs to stop, despite the fact that a few people may think itââ¬â¢s difficult to prevent tormenting from occurring, I think it is conceivable. I accept if individuals werenââ¬â¢t so got up to speed in what otherââ¬â¢s thought of them and rather than what they suspected of themselves tormenting would end. On the off chance that individuals discover their regard and really have character in what they do whether itââ¬â¢s setting off to an eatery, during a sporting event, or at school the world would be a superior spot. I feel as though I have a decent character however I might even now want to improve it. I haveâ learned a great deal about my character through my first year of lacrosse . Our mentor showed us so much being a decent individual outwardly as well as within. Being a pioneer is much something beyond having the name of commander, proprietor, or mentor, it implies having the option to stand up and energize others and lead them the correct way. Regardless of whether you are not called a ââ¬Å"captainâ⬠on your games group doesnââ¬â¢t mean you arenââ¬â¢t a pioneer. I likewise accept that ââ¬Å"captainsâ⬠or ââ¬Å"leadersâ⬠that are negative about everything arenââ¬â¢t truly pioneers. I was perceived for Student of the Month in March of 2012. I was picked by the workmanship office yet not on the grounds that I was acceptable at craftsmanship, it was on the grounds that I had a decent demeanor and was dedicated. I additionally urged others to give a valiant effort. Another piece of functioning as an instructor at Farm showed me how to be a pioneer. I had in every case just followed what others did until I began doing this. I needed to step out and about and encourage the little children I was doled out to, there was nobody truly instructing me. This experience is the thing that made me a large portion of what I am today, ready to step out and about and lead individuals. During the 2012-2013 period of soccer at High I was assigned skipper which was very nerve wracking for me. Fortunately I had the option to stand up and really be a pioneer. At the point when my mentor would come up and ask me an inquiry about what she ought to do around one of the players, I would mention to her what I honestly thought, not exactly what she or that player needed to hear. Another part of me will be me scholastically; I am persevering and love to be put to a test. I make heaps of objectives for myself and put significantly more focus on myself than what my folks put on me. I have had objectives to be a piece of the NHS, get straight Aââ¬â¢s, remain over a 4.0 GPA, get a high class rank, and get into a decent school. I have had the option to achieve bunches of these objectives. I have gotten Principalââ¬â¢s Honor Roll each stamping period, with the exception of first checking time of my first year, where I had one B. I as of now have a 4.38 weighted GPA, and a 3.95 unweighted GPA. I am likewise at present #8 in my graduating class, I will probably get up to either #1-5. Loads of individuals are stating that itââ¬â¢s unthinkable on account of the understudies that are in those numbers right now, yet I am resolved to get above them. I sense that I have certainly had any kind of effect in bunches of peopleââ¬â¢s lives; my family, partners, cohorts, outsiders, and companions. At whatever point somebody needs assistance with something, particularly in school I will assist them with comprehension by educating them. This encourages them as well as causes me get familiar with the subject more by having the option to disclose it to them. During 4-H I showed outsiders my creatures that they didnââ¬â¢t have the chance to find out about or have. Much obliged to you for thinking about me for this acknowledgment of the National Honor Society.
Wednesday, July 15, 2020
Profile of Wilhelm Wundt, the Father of Psychology
Profile of Wilhelm Wundt, the Father of Psychology History and Biographies Print Wilhelm Wundt Biography The Father of Psychology By Kendra Cherry facebook twitter Kendra Cherry, MS, is an author, educational consultant, and speaker focused on helping students learn about psychology. Learn about our editorial policy Kendra Cherry Updated on September 16, 2019 Bettmann / Contributor / Getty Images More in Psychology History and Biographies Psychotherapy Basics Student Resources Theories Phobias Emotions Sleep and Dreaming In This Article Table of Contents Expand Father of Psychology His Life Career Influence Other Thinkers View All Back To Top Who is considered the father of psychology? This question does not necessarily have a cut-and-dry answer since many individuals have contributed to the inception, rise, and evolution of modern-day psychology. Well take a closer look at a single individual who is most often cited as well as other individuals who are also considered fathers of various branches of psychology. The Father of Modern Psychology Wilhelm Wundt is the man most commonly identified as the father of psychology.?? Why Wundt? Other people such as Hermann von Helmholtz, Gustav Fechner, and Ernst Weber were involved in early scientific psychology research, so why are they not credited as the father of psychology? Wundt is bestowed this distinction because of his formation of the worlds first experimental psychology lab, which is usually noted as the official start of psychology as a separate and distinct science.?? By establishing a lab that utilized scientific methods to study the human mind and behavior, Wundt took psychology from a mixture of philosophy and biology and made it a unique field of study. In addition to making psychology a separate science, Wundt also had a number of students who went on to become influential psychologists themselves. Edward B. Titchener was responsible for establishing the school of thought known as structuralism, James McKeen Cattell became the first professor of psychology in the United States, and G. Stanley Hall established the first experimental psychology lab in the U.S.?? His Life Wilhelm Wundt was a German psychologist who established the very first psychology laboratory in Leipzig, Germany in 1879. This event is widely recognized as the formal establishment of psychology as a science distinct from biology and philosophy. Among his many distinctions, Wundt was the very first person to refer to himself as a psychologist. He is often associated with the school of thought known as structuralism, although it was his student Edward B. Titchener who was truly responsible for the formation of that school of psychology. Wundt also developed a research technique known as introspection, in which highly trained observers would study and report the content of their own thoughts.?? Career in Psychology Wilhelm Wundt graduated from the University of Heidelberg with a degree in medicine. He went on to study briefly with Johannes Muller and later with the physicist Hermann von Helmholtz. Wundts work with these two individuals is thought to have heavily influenced his later work in experimental psychology. Wundt later wrote the Principles of Physiological Psychology (1874), which helped establish experimental procedures in psychological research.?? After taking a position at the University of Liepzig, Wundt founded the first of only two experimental psychology labs in existence at that time. Although a third lab already existedâ"William James established a lab at Harvard, which was focused on offering teaching demonstrations rather than experimentation. G. Stanley Hall founded the first American experimental psychology lab at John Hopkins University. Wundt is often associated with the theoretical perspective known as structuralism, which involves describing the structures that compose the mind. Structuralism is regarded as the very first school of thought in psychology. He believed that psychology was the science of conscious experience and that trained observers could accurately describe thoughts, feelings, and emotions through a process known as introspection. However, Wundt made a clear distinction between introspection, which he believed was inaccurate, and internal perception. According to Wundt, internal perception involved a properly trained observer who was aware when a stimulus of interest was introduced. Wundts process required the observer to be keenly aware and attentive of their thoughts and reactions to the stimulus and involved multiple presentations of the stimulus. Of course, because this process relies on personal interpretation, it is highly subjective. Wundt believed that systematically varying the conditions of the experiment would enhance the generality of the observations. While Wundt is typically associated with structuralism, it was actually his student Edward B. Titchener who influenced the structuralist school in America. Many historians believe that Titchener actually misrepresented much of Wundts original ideas. Instead, Wundt referred to his point of view as volunteerism. While Titcheners structuralism involved breaking down elements to study the structure of the mind, Blumenthal (1979) has noted that Wundts approach was actually much more holistic. Wundt also established the psychology journal Philosophical Studies. In a 2002 ranking of the most influential psychologists of the twentieth-century, Wundt was ranked at number 93. Influence The creation of a psychology lab established psychology as a separate field of study with its own methods and questions. Wilhelm Wundts support of experimental psychology also set the stage for behaviorism and many of his experimental methods are still used today. Wundt also had many students who later became prominent psychologists, including Edward Titchener, James McKeen Cattell, Charles Spearman, G. Stanley Hall, Charles Judd, and Hugo Munsterberg. Other Thinkers Also Considered Fathers of Psychology A number of other influential thinkers can also claim to be fathers of psychology in some way or another. The following are just a few of these individuals who are noted in specific areas of psychology:?? William James: The Father of American Psychology; he helped establish psychology in the U.S. and his book, The Principles of Psychology, became an instant classic.?Sigmund Freud: The Father of Psychoanalysis; his theories and work established psychoanalysis as a major school of thought in psychology.?Hugo Münsterberg: The Father of Applied Psychology; he was an early pioneer of several applied areas including clinical, forensic and industrial-organizational psychology.?John Bowlby: The Father of Attachment Theory; he developed the theory of attachment.?Kurt Lewin: The Father of Social Psychology; his work pioneered the use of scientific methods to study social behavior.?Edward Thorndike: The Father of Modern Educational Psychology; his research on the learning process helped establish the foundation for educational psychology.?Jean Piaget: The Father of Developmental Psychology; his theory of cognitive development revolutionized how research thought about childrens intellectual grow th.?Ulric Neisser: The Father of Modern Cognitive Psychology; the cognitive movement in psychology received a major boost from the publication of his 1967 book, Cognitive Psychology.?Lightner Witmer: The Father of Modern Clinical Psychology; he founded the worlds first journal devoted to clinical psychology, The Psychological Clinic, in 1907.?Gordon Allport: The Father of Personality Psychology; he was one of the first psychologists to study personality. A Word From Verywell Wundt was not only the very first person to refer to himself as a psychologist, he also established psychology as a formal discipline separate from philosophy and biology. While his introspective method does not meet the empirical rigor of research today, his emphasis on experimental methods did pave the way for the future of experimental psychology. Thanks to his work and contributions, a whole new field was established and inspired other researchers to explore and study the human mind and behavior. Obviously, not everyone is going to agree with these generalized titles. A few people might suggest that Freud is the father of psychology since he is perhaps one of its most known figures. Others might suggest that Aristotle is the true father of psychology since he is responsible for the theoretical and philosophical framework that contributed to psychologys earliest beginnings. Still others might argue that those earliest researchers such as Helmholtz and Fechner deserve credit as the founders of psychology. No matter which side of the argument you are on, one thing that is easy to agree on is that all of these individuals had an important influence on the growth and development of psychology. While the theories of each individual are not necessarily as influential today, all of these psychologists were important in their own time and had a major impact on how psychology evolved into what it is today.
Thursday, May 21, 2020
The Downfall of Capitalism - 1297 Words
As the distinguished economist, John Maynard Keynes notes: ââ¬Å"Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of motives, will somehow work for the benefit of all.â⬠At the core of the Robert Taylor homes is a functioning capitalist society. As in all capitalist societies, it is the role of the government to defend the economic interests of the faction that controls the means of production by suppressing anyone seen as a threat to its dominance. In the Robert Taylor homes, the Black Kings were the state that defended the means of production by suppressing any threat to their business through notion of hustling. Even though as a functioning capitalist society, the Robert Taylor homes were community plagued by severe destitution. The community suffered from many illegal activities in addition to the high rates of unemployment and welfare. Furthermore, the housing project was completely ignored by the municipal government. In this lawless envir onment, there was no independent police, and for many there was no steady income. The combination of these two elements increased the power gang, thus they were the enforcers. The people of the community had to compete amongst each other for resources. Those of the Robert Taylor community had to make the best use of what they had, and this is known as survival. What many come to understand, as hustling and other unethical activities, are known as survival to members of the Black Kings gang and the tenantsShow MoreRelatedAdam Smith Division Of Labor Summary1423 Words à |à 6 PagesRevolution. This allowed him to see more of the effects of the progression of technology, and the effects of Adam Smiths writings. Marx was a harsh critique of capitalism, because he saw the injustice and inequality it created. This side of capitalism was the biggest difference Marx had from Adam Smith; along with that he thought capitalism would eventually collapse, leading to a socialist economy, and ev entually communism. Marx wrote two massive works where he put his views of the emerging socialRead MoreMarx And Engels, The Manifesto Of The Communist Party888 Words à |à 4 Pagesthe working class, it tells us how people from the middle class went about doing things from the perspective of the middle class man. The book, The Manifesto of the Communist party further details the emergence of capitalism and also telling us or predicting about the future of capitalism. They also talked about the class struggles of society and what brought about these tensions. In their own day, the power and class struggles was between the Bourgeoisie and Proletariat. Furthermore, the BourgeoisieRead MoreMarx s Criticism Of Capitalism1282 Words à |à 6 Pagesthe system of capitalism had provided a basis for these problems. In the following paper, I will use the issues of stark wealth inequality and unequal power distribution brought up by the movement, in order to prove that Marxââ¬â¢s criticisms of capitalism remain incredibly relevant in todayââ¬â¢s society. First, I will explicate Marxââ¬â¢s criticism of how capitalism estranges ââ¬Å"man from manâ⬠(705), causing false consciousness and class division; then, I will describe his criticism of how capitalism causes economicRead MoreThe Socialization And Dilution Of Marxist Theory Essay1701 Words à |à 7 PagesThe Prison Notebooks, the Neo-Marxist ideology of cultural and social monopolies is the underlying source of bourgeoisie corruption and economic dysfunction. Gramsciââ¬Ës view of capitalist fascist ideology had failed to understand the complexity of capitalism as a syst em that dominated academia, the mass media, and other forms of institutionalization that co-opted Marxist leftists movements in the economic booms of the 1970s and 1980s: An analysis, for instance, of how the conservative regimes of MargaretRead MoreHarrison Bergeron Essay: Compare the Epic War or Socialism vs. Capitalism.1054 Words à |à 5 Pagesis an ambiguous theme targeting Socialism and Capitalism that shines through. In the story ââ¬Å"Harrison Bergeronâ⬠, both Socialism and Capitalism are made fun of through extended satirical references. In the story, Vonneguts future predicts a rise of Socialism in America. However this Socialism relates to the equality of results as appose to equality of results. Vonnegut paints this very ugly picture of Socialism despite his views against Capitalism because of the misconceptions of the AmericanRead MoreEssay on The Causes of the Collapse of the USSR1349 Words à |à 6 Pagespressure but by Communist ideology.â⬠(2) It occurred due to the inheriate incapibility of socialism to sufficiently maintain a productive and prosperous economy in the face of a rapidly changing form of capitalism. After WWII, the world saw a change in modern capitalism that proved both successful and popular. In the face of this surgent prosperity, USSRââ¬â¢s economy found itself unproductive and wholly lagging western growth. Behind this backdrop occurred the realization Read MoreMarxism And The Marxist Implications Of Capitalism1319 Words à |à 6 PagesMarxist Implications As stated by ReviseSociology (2016), Marxism is a theory that defines the implications of a capitalist system and regime. Karl Marx believed that under capitalism there were two distinct classes, the bourgeois and the proletariat. The relationship shared amongst both class were exploitative where the working class, the proletariat, were compensated less than what the product was valued. Furthermore, those economically in power in turn controlled all other institutions. WithRead MoreThe Ideals of Marx, Engels, Lenin, Mao, and Stalin Essay1674 Words à |à 7 Pagesdo however, was explain how capitalism exploited workers and the exploration began. It just criticized capitalism. Marxââ¬â¢s explanation of socialism answered these questions allowing him to understand the details of capitalism. Since Marx looked at socialism from a scientific perspective, it enabled him to examine capitalism from an historical perspective and its reason for emerging. In addition, it allowed Marx to mak e a prediction for capitalism, which was its downfall. Also to Engels, Marx was ableRead MoreThe Free Enterprise of Capitalism in Capitalism: A Love Story, Michael Moore759 Words à |à 3 PagesWhat is Capitalism? Is it a free enterprise where industries and trading are privately controlled? According to Michael, Capitalism is ââ¬Ëa system of taking and giving, mostly takingââ¬â¢. In the documentary Capitalism: A Love Story, Michael Moore tackles the issue of Capitalism in a never ending quest to educate society. Capitalism: A Love Story directed by Michael Moore is a one-sided representation of Capitalism and its negative effects and irresponsibly promotes unlawful revolt against the governmentRead MoreImpact Of The Industrial Revolution On Capitalism And The Contemporary Society Essay1625 Words à |à 7 PagesThe impact of the Industrial Revolution on Capitalism and the Contemporary Society, When looking into the past during the Industrial Revolution, there were many cause and effect events that occurred, the Industrial Revolution changed the lives of many, these changes in society were caused by the innovations of the time period, and the need for a more productive environment. There was a movement from an agricultural society to a manufacturing society; these changes affected the familyââ¬â¢s ability
Wednesday, May 6, 2020
The Effects Of Prenatal Screening On Children - 984 Words
Prenatal screening is used to detect any potential diseases or disabilities that a fetus may have or develop in the future. Many procedures are done to test said fetus, including analyzing a sample of amniotic fluid or testing a few cells from the placenta. Various genetic disorders are tested for, such as mental retardation, sickle cell anemia, and Tay-Sachs. Once informed of a fetusââ¬â¢ potential defects, the parents can then decide to either carry the fetus to full term or terminate the pregnancy. As with any situation concerning a human life, this has produced ethical issues. For those who believe prenatal screening followed by abortion is acceptable consider it a moral duty for parents to prevent a disease or disability that could cause their child suffering if they have the means to do so. Just as a mother can change her diet during a pregnancy to prevent a mental disorder, parents can choose to abort a fetus to prevent that child from having a life of pain and suffering. T o not prevent a disease or disorder is to disregard a childââ¬â¢s basic human desire to live a normal, healthy life, and is thus unfair to the child. Further advantages of prenatal screening are that it helps minimize overall suffering in the world and promotes general welfare. It also not only prevents the child from physical and emotional distress but it prevents a familyââ¬â¢s emotional and economical distress, too. Although prenatal screening and abortion procedure may be relatively expensive, it couldShow MoreRelatedThe Effects Of Prenatal Screening On Children732 Words à |à 3 Pagesdiagnostics to determine if the baby has any of a wide variety of conditions such as Downââ¬â¢s syndrome, Tay-Sachs and cystic fibrosis. This Prenatal Genetic Screening can also tell many different traits on the developing baby such as its gender. Many believe that this procedure to be unethical but genetic screening can do more good than harm. Prenatal screening has existed since the 70ââ¬â¢s but those methods of baby monitoring were far more invasive compared to this new blood test. Amniocentesis involvesRead MoreThe Role Of Literature Of Maternal Depression During Prenatal Stages1110 Words à |à 5 Pages Evaluating the Relationship of Literature of Maternal Depression during Prenatal Stages. Depression can occur at any time. We often hear talk of postpartum depression or the baby blues, which occurs shortly after the birth of a baby. Though we rarely discuss depression that occurs during pregnancy or prenatal depression. There are estimates that as many as 70% of women will experience symptoms of depression during pregnancy, making it a widespread concern. However, these depressive symptoms areRead MoreEffects Of Prenatal Genetic Testing For Autism806 Words à |à 4 Pagesepidemiological cause of ASD (Auyeung et al, 2012). The effects of ASD have the potential to begin at a much sooner time during pregnancy then we previously thought. The future of understanding the pathophysiology and etiology of ASD is promising. Increased research and testing efforts have improved. There has been remarkable progress towards genetics, neurobiology, and treatments and early interventions. THESIS ARGUMENT (4-6 PAGES) Prenatal genetic testing for autism should not be mandatory. IRead MoreThe Right to Choose1801 Words à |à 7 Pagesto ensure that such technology is not mistakenly applied and produces detrimental effects in humanity. The question of morality as related to prenatal testing (which is intrinsically linked to genetics), therefore, is a fairly controversial one, especially when the issue of selective abortion is brought up. Selective abortion, of course, is the willful termination of a fetus due to information provided by prenatal testing due to genetic advancements. Examples of selective abortion include a womanRead MoreGene Testing : Genes Affect A Single Gene Essay1398 Words à |à 6 Pagesnonfunctional, protein being made.â⬠(reference textbook). Gene mutations are often so subtle that they go by unnoticed as they have no physical distinction, but there are some gene mutations that have terminal effects. Everyone has a choice whether or not theyââ¬â¢d like themselves or their children to be tested for gene mutations such as these. The conduction of these tests is known as gene testing. ââ¬Å"Genetic testing is a type of medical test that identifies changes in chromosomes, genes, or prote ins. TheRead MoreThe Impact Of Medicaid Expansion On Pregnant Mothers And Their Newborn Children1700 Words à |à 7 Pagesassess the impact of Medicaid expansion on pregnant mothers and their newborn children. Issues explored were the history Medicaid, current perceptions regarding the program and its recipients, the benefits of Medicaid and the reasons that some states have chosen to opt out of the expansion. The methodology used for this study was to research peer reviewed articles and journals to determine the positive and negative effects of Medicaid expansion and compare data from states that have implemented programRead MoreMaternal Depression : A Standard ( New York State Department Of Health1048 Words à |à 5 Pagespotential benefits of screening, screening for maternal depression is not a standard (New York State Department Of Health, 2016). This policy brief was written for healthcare providers who treat expectant and new mothers with goals to improve the screening a nd to increase the number of women receiving appropriate treatment in our community. The recommendations address measures to improve early identification of the condition and preventive/follow-up care delivery for women in prenatal to postpartum periodsRead MoreEthical Issues Regarding Prenatal Testing1498 Words à |à 6 PagesEthical Issues Pertaining to Prenatal Testing Rebecca Arsenault University of Saint Joseph Ethical Issues Pertaining to Prenatal Testing The advances in medical and scientific research have impacted todayââ¬â¢s society by constituting cures and treatments for illnesses and disabilities. A woman can now have her unborn child tested for diseases and disabilities before the child is born. This testing is called prenatal diagnosis and has become increasingly popular. Regretfully, selective abortionRead MoreThe Genetic Disease Of Down Syndrome1484 Words à |à 6 Pagespaper, the author will analyze the genetic disease of Down syndrome. The author will give a definition of this genetic disorder, and explain some of the characteristics associated. The author will then discuss its scientific causes, and detail both prenatal and birth testing methods available to parents should they chose. The author will bring up some of the social implications of this disorder as we know it both from the past and currently. In this paper the author cites peer-reviewed references fromRead MoreThe Domestic Violence Act 1995 Essay1499 Wor ds à |à 6 Pages(2014) defines violence in this instance as physical , sexual and psychological abuse. This abuse has a myriad of health consequences on all members of the whà nau, including children who witness or are subjected to this violence. The primary health care (PHC) nurse has a range of responsibilities in these contexts including screening for IPV, risk assessing, safety planning, documenting and supporting. The ramification of domestic violence asserts a myraid of health consequences for the victim and also
Wealth Management Investment Free Essays
Wealth management is a crucial component in investing. It is a process that entails steps that organize the fundamental features of building a portfolio. An investor can deal with the uncertainty of financial markets; the uncertainty that markets were volatile last year, that they are volatile now, and that they will be volatile tomorrow, by regularly managing wealth. We will write a custom essay sample on Wealth Management Investment or any similar topic only for you Order Now The wealth management process provides a strategic approach to managing and building wealth and will help an investor turn his clientâ⬠s goals into reality. In managing the investment process investors must determine their objectives, the resources for achieving them, and the process to go through to get there. Most importantly, it is essential for clients to be exposed to any new investment procedure or opportunity in the context of their individualized investment policy. The first step in the wealth management process is to establish objectives. This step includes analyzing the current situation, where all factors that may have a bearing on the decisions should be identified, analyzed, and integrated into the process (Brown, Underwood 248). Before making any financial recommendations an investor must build a detailed financial profile so that he can understand the clientâ⬠s personal balance sheet, his current asset allocation, and help the client develop his investment parameters. The result of this process is attaining the assessment of the investorâ⬠s goals. With this, it is critical for the client to express five key factors: his total financial picture, his financial goals and objectives, his feelings and tolerance for risk, his time horizon associated with each of his goals, and if the client is building his wealth, preserving it, or passing it on to others (Brown, Underwood 247). Proper objectives will be established by these factors through the individualized analysis of the clientâ⬠s current situation. The second important step in the wealth management process is to set a strategy. This is attained subsequent to the client assessing his goals. In setting a strategy an investor will compare fundamental investment principles to a clientâ⬠s goals. The client may consider five key fundamental principles when developing his portfolio strategy: Asset allocation, diversification, planning, discipline, and patience (Groppelli, Nikbakht 401). This step also helps the client to select appropriate asset classes and distributions. A portfolioâ⬠s asset mix or asset allocation refers to the percentages that are invested in various asset classes, such as domestic stocks, domestic bonds, cash, real estate, international stocks, international bonds, and so on. A selection of well-diversified assets within these classes is perhaps the most effective way to manage volatility and portfolio risk in todayâ⬠s markets. The investor should work with his client to identify the investor profile that fits his objectives and tolerance for risk. The second step of wealth management also includes determining the time horizon of investment objectives. One must consider the timing of the possible unexpected as well as expected requirements for use of the portfolioâ⬠s assets. Market timing can be an unreliable and hazardous practice. Missing only a fraction of time can have a profound impact on value (Groppelli, Nikbakht 392). An investor can also help a client determine a financial plan to address his goals. In order for a client to make informed decisions and ultimately reach his goals, the investor should help translate the clientâ⬠s goals and objectives into a personalized financial plan. This will help the client to organize his finances, where it will provide a clear picture of his financial situation, and help the client to understand how his financial puzzle fits together. He will have the accessibility to evaluate his short and long-range goals and see how each piece of his financial puzzle can influence the other interlocking pieces. With this personalized plan, a client may also find solutions by putting his strategies into action by providing access to specialists in various financial disciplines, such as trust, credit, asset management, business planning, and insurance. Lastly, this step will help the client to uncover opportunities, where he can identify opportunities that could influence his overall financial well-being. The third step in the wealth management process is to implement solutions. An investor can help the client select and implement financial solutions according to his financial plan and asset allocation strategy. The essential ways an investor can achieve this is by helping the client identify financial strategies and solutions, allocate his funds, select investment products, and managers, and develop a rebalancing strategy (Conley, Oâ⬠Barr 42-44). To meet a clientâ⬠s goals the investor can explore and help a client execute appropriate investment borrowing. Depending on the clientâ⬠s needs, an investor can explore various strategies. These strategies include investing from retirement, wealth transfer and estate-planning strategies, tax-minimization strategies, company stock option planning, managing concentrated stock positions, alternative investments, and other personalized solutions. An investor should also allocate the assets based upon the clientâ⬠s specific goals and risk tolerance, and he should select a money manager by using specialists. This construction would result in a customized plan and solution for the client and his long-term objectives. The final step in the wealth management process is to review the progress. An investor must continue to monitor the clientâ⬠s situation in order to remain current with his goals in relation to the movement in the market. This ongoing service would include monitoring portfolio performance and results to evaluate progress, reviewing objectives and strategies periodically, and altering and adjusting the clientâ⬠s wealth management strategies based on changing goals, circumstances, or conditions (Conley, Oâ⬠Barr 45). In addition, it consists of monitoring the resulting performance of selected money managers. An effective monitoring program should provide the investor with sufficient information to evaluate the programâ⬠s strengths and weaknesses, and to keep the program on track in achieving the portfolioâ⬠s objectives. The truly effective investor realizes that a crucial element of the decision-making process is establishing appropriate performance measurement standards. The standards for provide an ongoing monitoring service for clients includes facilitating good investor-money manager communications and confirming the mutually agreed-upon goals of the investment policy. Also, an investor must show whether the assets are being managed as directed by that policy with respect to the portfolioâ⬠s risk tolerance and expected return. Another measurement is to support the qualitative judgments about the continued confidence, or lack of it, in the money managerâ⬠s abilities. The last measurement standard is to support the periodic consideration of the continuing appropriateness of the investment policy. In the monitoring process, there are issues that should be addressed at specific times. Monthly, investors should analyze their custodianâ⬠s appraisal report containing the current market value of holdings and the previous monthâ⬠s transactions and expenses. Particular attention should be paid to transactions initiated by hired money managers and compared against the managerâ⬠s stated investment strategy. Quarterly, the investor should compare the asset allocation of the portfolio and the performance of hired money managers to benchmarks, and at least annually, there should be a formal review to determine whether investment objectives have been attained or have changed. The investor should be particularly sensitive of the need to determine whether the investment strategy still holds the highest probability of meeting short-term liquidity needs and long-term objectives. The role of the investor is to maximize the benefits to be gained from the wealth management process. The degree of commitment to the necessary tasks outlined in the process will ultimately determine investment success. It will be the actions of the investor that will have the greatest impact on the value of the portfolio and mastering the wealth management process will assist the investor in creating the greatest outcome for his clients and their futures. How to cite Wealth Management Investment, Essay examples
Saturday, April 25, 2020
Lawyer Essays - Legal Professions, Practice Of Law, Legal Ethics
Lawyer A day in the life of an attorney. Its said that its the last job you'll ever want. (source 1) Over thirty percent of lawyers who receive their law degrees are not practicing law regularly ten years after graduation. Attorneys can work up to eighteen hours a day and more than three thousand hours in a year on cases. (source 1) Lawyers also spend time in law libraries or record rooms, in the homes and offices of clients, and sometimes in jail cells. (source 22) Some courts, such as small claims, family, or surrogate, may have evening hours to provide flexibility to the community. Criminal arraignments may be held at any time of the day or night. Court hours are usually 9:00 - 5:00 with a one hour lunch break for most lawyers and judges. (source 22) Many of them spend their first few years finding out if they want to focus on transactional work or not like a district attorney, prosecutor or probate lawyers. (source 1) The number of people in the profession of an attorney are about 656,000, the percentage of them that are male is 70%. The percentage of women is 30%. Average hours worked per week is about 50,average starting salary $49,000, after 5 years $80,000, after 10-15 years $115,000. (source 1) Lately salaries for lawyers have gone up. Law firms such as Elkins L.L.P announced this summer it would offer rookie attorneys $90,500 starting pay. (source 2) We are all competing for the same law students. (source 2) Now most of the other firms in Dallas decided that they must raise their salaries by 20% In order to attract first rate lawyers. (source 2) These firms exceed more then 400 lawyers. (source 2) For the first year,an inexperienced lawyer may be paid $75,000. (source 2) The strong economy and growing demand for lawyers in some corporate-law areas, such as finance, litigation and health care, are driving the fee to increases, Crocker said. (source 16) The key is getting the top talent. If your firm doesn't follow suit your firm will slowly disintegrate. All of the smaller firms are the required to raise their salaries also. (source 2) 46% of respondents rate them low to very low in honesty and ethical standards. (source 3) 70% of lawyers polled in 1992 said if they could they would choose another profession. (source 4) Other studies show lawyers job satisfaction is dropping.There is a much higher level of alcholism, drug abuse, and symptoms of depression than those of the general population. (source 4) There is also dirty work that lawyers must do. Some of that work includes listening to the secrets of clients that practitioners would rather not hear but which they must listen to and listen to very carefully. Lawyers as a group have a lot of cynicism and unease, often with good reason. (source 6) Whether the defendant is a accused Unabomber, a nanny or an Oklahoma City bombing suspect, the public craves insight into the latest sensational tale. But when people tune in to television's lawyer-commentators, insight isn't always what they get. (source 10) Legal Issues
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