Economic Growth My intended major is finance. After graduating high school, I decided to take a break and go on a vacation to my country’s Indonesia. Indonesia is a third world country with the very minimal opportunity for business to grow. When I was 11 years old my family and I moved to the U.S. I haven’t been to Indonesia for more than 8 years. I still remember my family barely makes a living just to survive so I didn’t think it would give me any experience to my major, but it was through this visit that got me liking and pursuing financing major. All my uncles’ were very poor. They worked from day to night and barely made enough money to feed their family. To my surprise when I went back all of my uncles’ are very wealthy. They own a …show more content…
couple of businesses, land, houses, and apartments. Most of them now work for large corporation that is own by Indonesian businessman. They all wanted to help me achieve what they have achieved. My favorite uncle convinces me to major in finance. Not knowing the qualification and what they do I did not think too much into majoring in finance. So, He decided to give me a tour to where he works at. My favorite uncles have a degree in finance. He used to work for a small company, but after years and years of experience and hard work he was able to work for a huge corporation. Every day I always visit his office to get some experience to the business world. It was very interesting on what he does. He controls the business funding and investments. He watch stock value, spending and gold prices. He introduce me how to invest in gold and how that helped his patient experience in business world. He explain to me by Monday it can make me triple profit by Tuesday it can lose me lots of money by Wednesday it can give me back where I started. Just like working as a corporation financier; they need to manage a business investment and study the risk and profit. This is where my investment experience began.
I started to learn more on my own about the gold investment and how to be successful at it. When the price of gold went down I started to buy a couple of grams of gold and was very excited to start investing. My uncle told me to be really careful and pay attention to the price as they went up and down. From that day my uncle became a mentor to investing and financing. As a couple of weeks passed by, I saw the opportunity on Monday to exchange my gold to earn a profit as the price of gold went up. I earn a couple of hundred dollars. My confident and moral into gold investing was so high I bought even more gold to invest. As a week passes by I see the price went up but I was not satisfy on how much I would profit if I exchange so I let the week pass by. I waited one month thinking it would earn me more profit but the gold price went down rather than up. Because of my miscalculation, I was unable to earn any profit on my gold; I only got the original prices that I bought the gold in. I was very frustrated because I should have exchange my gold the previous month to earn profit but I was too naïve, but overall I learn and earn experience on how to manage my resources and …show more content…
invest. This experience will enable me to be successful in finance major because I was able to earn experience how to manage my own recourses; which is a crucial part working as a financier.
Financing and selling gold have something in common because you are working on limited recourses and are expected to expend it especially if one work for a huge corporation. Finance is a crucial part of a country economy because in finance you are able to fund other business to grow. My goal in finance is to help other business to grow which will lure foreign business to start their business in my country. Financing are so special because you are helping the economy grow. This will help my dream to get my country out of the third world and become a first world
country.
In Junot Diaz’s essay “The Money” he explains where his family stands economically. Stating that his father was regularly being fired from his forklifting jobs and his mother 's only job was to care for him and his four siblings. With the money brought home by his father, his mom would save some. Her reason was to raise enough to send to her parents back in the Dominican Republic. When his family went on a vacation, they came back to an unpleasant surprise; their house had been broke into. Eventually Diaz was able to get back their money and belongings. Diaz returned the money to his mother although she didn’t thank him for it, this disappointed him. Like Diaz I have also encountered a similar situation where I was disappointed. When I was in second grade, my life life took a completely different turn. My dad took an unexpected trip to Guatemala, on his return, the outcome was not what I expected.
In the novel Poor People, written by William T. Vollmann asks random individuals if they believe they are poor and why some people are poor and others rich. With the help of native guides and translators, and in some cases their family members, they describe what they feel. He depicts people residing in poverty with individual interviews from all over earth. Vollmann’s story narrates their own individual lives, the situations that surround them, and their personal responses to his questions. The responses to his questions range from religious beliefs that the individual who is poor is paying for their past sins from a previous life and to the rational answer that they cannot work. The way these individuals live their life while being in poverty
I cannot help but feel bad for the Brothers because with every challenge they faced, they still kept a positive outlook on life. Jay Macleod added this to one of findings and stated, “no matter how diligently they devote themselves to schools, they cannot escape the constraints of social class.” (p.150) The Brothers situation shows us that believing in achievement ideology does not mean you will automatically be successful in life. Even with hard work, they struggled to find a stable job that would help them reach the middle-class
For example, while growing up Zlatan had a passion for soccer but due to his financial state, couldn’t afford transportation. In result, he stole a kid’s bike down his street to ride to practice. As you can see, this hardship pushed Zlatan to desire and strive for a better future for himself. Also, not only was Zlatan poor but his parents were divorced and his dad was an alcoholic leaving only beer in his fridge for Zlatan to have for dinner. Ibrahimović shook off the shackles of poverty and discrimination to become one of the world’s greatest footballers, the captain of Sweden and a millionaire. Another example, of this is in Walt Disney’s family because they were not very wealthy nor well- off, causing Walt Disney to drop out of high school to enlist in the army. Unfortunately, he was
Society at large had such a great part to play in my situation. (Mills, 2000) It is the one that had brought this poor state. For instance, the society and the community did not actually realize that most of its people were in need and hence had taken this to be a norm. Working so hard and earning little was the way of life. Therefore, the society had made us feel comfortable in that state that we were in, and I believe that it was how people at some point lived even if they became rich later.
Can I love? Can I be loved? Am I worthy of love? I am a woman who experienced the anguish of love-loss at a very tender age and these questions capture my prime concern and fear in life. At a young age, I bore the brunt of neglect and abuse from the very caregivers who were supposed to be my protectors. At the age of 16, I was put into foster care. I have experienced tumultuous and dysfunctional intimate relationships in my search for love, connectivity and identity. Now, as a mother, I am learning to give the love I never got.
The first cause of the fluctuation of gold’s price is price mechanism. Defined in economics term, price mechanism means the relationship between the price and demand and supply of both goods and also services. Actually, both buyers and sellers who engage in trading are both affected by price mechanism, and price mechanism, in turn, is influenced by the demand and supply of buyers and sellers (Shaw, 2014). Similarly, the gold’s price is inevitably based on this pattern, and price mechanism plays the important role in swinging gold’s price (Harberger, 1957). Demand and supply are the two most necessary terms when focusing on price mechanism, indeed. In term of meaning, demand is buyer's desire and ability to spend money buying a specific quantity of good and service at an appropriate price (Elberse & Eliashberg, 2003). Demand, in reality, influences the price of gold to change in the same way with it (Smith & Kiesling, 2003). If there is more demand, the price of gold will escalate; moreover, people will certainly become excited and begin investing in gold as long as the gold’s price is increased by demand as a factor. On the contrary, if there is less demand, the price of gold will dwindle, and people will ignore and not pay the attention to gold (Demand, 2009). Not only does the demand affect the gold’s price fluctuation, but the supply also engages in oscillating the price of gold. S...
Personal Narrative: The World The world is a messed up place and we are all stuck here until our lives are through, or until we choose to leave. It's strange that I go along with everything everyone tells me, such as that I should wear certain clothes or listen to certain songs. I often wonder why I do the things I do, but then I just realize that's who I am. People are confused about why they are here, and they don't understand what life is supposed to be about.
“To be yourself in a world that is constantly trying to make you someone else is the greatest accomplishment.” This quote is by Ralph Waldo Emerson. He was a man who always put his education as a top priority, so I highly admire him. As I read this quote, I realized that my greatest accomplishment is something that I am constantly progressing and excelling in, my education. There are three reasons that I will explain as to why my education is my greatest accomplishment. First, education has never been a factor in any of my family member’s lives. Secondly, it took a long time for me to get on track with my educational values. Lastly, I will explain how far my education has gotten me.
Kuntara Pukthuanthong and Richard Roll (2011) studied the relationship between gold and USD/Yen, US/Euro, and US/Pound exchange rates and found hat gold returns in a currency are related with currency depreciation most of the time for the countries including US, Japan, Euro zone area and Britain. This study also found that Gold prices expressed in different currencies are highly correlated, around 0.9 using daily gold returns in the four major currencies studied. Gold prices at level are moderately correlated with the price of foreign currency. In most periods, gold is associated with weakness in a currency.
When asked about investing, many people imagine a crowded building in New York with thousands of stock brokers in their different crowds for different stock. Many people do not consider investing in one of the most common jewelry metals. Gold can also be a good investment economically as the demand is increasing quickly as more and more household and industrial components and different jewelries are being produced, and even some uses, like NASA’s uses, many people have not thought of. However, the supply is increasing at a much slower rate. In 2003, gold was being consumed, through creation jewelry, electronics, etc., at a rate of 120 million ounces per year; however, the rate at which gold was being produced at that time was only 80 million ounces.
“When it rains, it pours,” and for me it rained for years, each drop causing pain. The torrent never abated until I was choking, until I had given up. However, at the age of eight I didn’t notice the overwhelming flood that had overtaken my home. I didn't realize how this proverb would become the unspoken theme of my life. The Great Recession has had a part in uprooting many people’s lives, it was a somber time when the future of families across the United States were put into question. For me, it was the first domino to fall.
The yellow metal is considered one of the most valuable assets in the world and reckoned as best store of value against inflation, low interest rates, and any uncertainty. Interestingly, unlike other conventional investments, the metal neither pays dividends nor any interest to its buyers. Nonetheless, the price of gold is rising at such a torrid pace, investors usually not at loss when investing in gold business these days. Unlike old times when only queens and princess had access to the precious metal, gold is now being sold and bought in open markets in small and large quantities.
When I was in the first grade I wanted to become a musician and was studying the piano in the Musical school for 7 years. But time changed everything and I had to determine the opportunities where I am able to stay safe and well-educated as the music educational system was not far enough advanced for the time being. Very many people go through their lives having no real sense of what their talents maybe, but I found myself enjoying and interesting in Business and Management area. There was a decision to study and get the first advanced level in Economic which opened the door to a world opportunity for my future career development benefit for my whole life. It helped me actually to become employed through the Company where this type education is required.
Gold has been regarded as a brilliant and highly demanded precious metal throughout the generation of humankind, which has always been considered as a precious asset. It has been produced in many forms, such as gold bullion coins, bars, jewelry and many other forms with different weight and purity to meet human desires. For centuries, people have continued to hold gold for various reasons. There are three causes of investing in gold, which are value, durability, and monetary acceptance.