Personal Financial Advisors Essay

I sine qua non to expire the costly liveliness. By that I typify a life of wealth, privilege, loving family relationships, and warm friendships. At the end of my life I entrust be satisfied if my fellow and children atomic number 18 stock-still by my side and if I yield a close portion of friends. I call back to earn a lot of m onenessy and I in god to confuse generously to charity. To achieve this, I privation succession and specie. I intend to marry and cook three children. My mate and I, who argon still passionately in love with each other, are mental synthesis an art collection. Both sets of grandparents live no to a greater extent than an hour a expression.We reduce frequently and the kids adore them. I own my own prorogue gillyflower and earn $25 million a year. My spouse owns a line of creditmaybe an art gallery or a professional practice. We live in a spacious penthouse a personament, probably in New York. We view floor to ceiling windows, views in eve ry direction, a clean, sleek, modern decor, with separate of space for entertaining, which we do frequently. The kids each hit their own bedrooms and share a playroom. We have a live-in nanny for the kids, a live-in cook, and help with the cleaning. We have a beach house, probably in S go forthh Hampton. We go there near weekends by helicopter.We all have busy lives so the quality judgment of conviction we spend together on the weekends is incredibly in-chief(postnominal) to us. We take strange vacations two times a year as a familynormally involving some kind of adventure travel pertaining to my love for scuba fall and for perusal the ecology of coral reefs. Once a year my spouse and I go some place romantic on vacation together. Each year I take a vacation with one of the kids, just the two of us. The kids go to great schools with small classes and a industrial curriculum that lets them follow their own interests there is no teaching for the exams in this school.The kids are claiming to ride, and to play tennis, squash, and polo. I play these sports regularly. I have a lot of physical energy so I get by or bike each day. I also conk out every day in the gym in our apartment. I have given up smoking. My spouse and I are active in charity oeuvre. We are each on the board of a honored charity and when we go to their annual com entraper memoryraising events we get our pictures in the gossip columns. We give 10% of our income to charity each year. I am a instalment of the Explorers Club because I have contributed something important to the scientific piece of work of coral reefs.I spent a year poring over the coral reefs in the Similan Islands in Thailand before liveing my biography. While there, I also studied Vipassna meditation, which I still practice. I am footsure and gregarious. I dont sweat the small stuff. I excogitate for the future and I work my externalize, but I am conciliative enough to enjoy surprising opportunities when they come along. 2. Career goals My long-term career goal is to own my own hedge fund and earn at least $25 million a year. The top hedge fund owners ass earn considerably to a greater extent than this (Story B1).To achieve this I need three things proven skill at investing (or the skill to claim someone with skill at investing), connections to the kind of wealthy investors who wander their money in hedge funds, and the ability to convince potential customers to trust me with their money. 3. A Strategic Plan for My Future I have four major(ip) goals to stop smoking, to learn more nigh coral reefs, to start a hedge fund, and to find the right spouse and start a family. I fecal matter quit smoking this year. I have decided to pairing a smoking cessation program at a local anaesthetic hospital this summer.I have consulted with my doctor and he thinks this is a good option for me. I am determined to succeed. I dont live how long, or if, I get out, as a devoted amateur, ever be able to make a scientific citey fundamental to earn me admittance into the Explorers Club, but I intend to proceed as though this is possible (Explorers Club). So far, my be with scuba diving and studying coral reefs has completely been as a tourist and an avid reader. I would very much like to get into in a real scientific research expedition.One of the human beings leading organizations for research into the ecology of coral reefs is the ARC refer for Excellence in Coral Reef Studies at James desexualize University in Townsville, Australia (ARC Center of Excellence). My political platform is to contact the scientists at the Center to learn what kind of opportunities there are for amateurs to participate in research projects. I am also considering participating in a research expedition, sponsored by the Earthwatch Institute, to Thailands coral reefs in December 2009 (Earthwatch Institute). I have other motive for doing this, which is that I plunder imagine twining my future spouse on such an excursion.I would like to comely someone with whom I have interests in common. I think it pull up stakes take me ten years to get the experience and contacts I need to start a hedge fund. I would like to apprentice myself to a leading hedge fund operator such as James Simons of Renaissance Technologies, backside Paulson, or John Arnold of Centaurus Energy (Story B2). I am pursuing an command in finance. I have also been studying investment methods and I seem to have an affinity for technical analysis. I am managing a fictional portfolio as if it were realtracking trades and so forthand I am doing reasonably well.I am planning to join the marketing Technicans Association and to earn the CMT credential. This involves a course of self-study and passing three repugn exams (Marketing Technicans Association). Preparing for all three tests is said to take a innate of 400 hours of study (Marketing Technicians Association). I also intend to be active in the associat ionto meet others in the field and desirefully to network my way into a job in finance. As everyone knows, this is non an ideal time to be looking for a job in finance. The sector has cut 400,000 jobs in the past two years (Bowley & Story).I plan on being persistent. To start a hedge fund, I testament need clients. To find them, I need to go where generous people and people who manage portfolios for large institutions go. I plan to be active in fundraising for our alumna association. I play squash and tennis. I plan to learn to play polo, an expensive sport. I also plan to be active in several charitable organizations. I hope this networking will put me in touch with the right people. Salesmanship is very important in the hedge fund business. Why should a potential client trust me with their money?I intend to build a individual(prenominal)isedity as an ethical, dependable, solid person. People will trust me because I will be trustworthy. This may sound obvious, but one thing that is distressingly missing right now in the financial community is trust. withal many people have been too badly burned by the people they trusted to give them financial advice. Probably the goal that matters some to me is meeting a life partner. I hope I can do this in the attached five years. I know how to meet peoplethats easy. But what I requisite to do is create strong, lasting relationships based on sincerely knowing each other.The exceed way for me to do that is to be considerate and honest. In the past I have noticed in myself a tendency to play to the crowd. I will do what is necessary to get a laugh or to make someone like me, even if it means saying something about my thoughts, feelings, or opinions that isnt really true. This is not going to work when it comes to conclusion a life partner. I need to be funny, considerate and honest at the same time. I am somewhat afraid of doing this. 4. A Strategic Plan B for My Future What if my plans dont work out? I find this very hard to imagine.If I put myself in the right place, frequently enough, I know something good will happen, even if it isnt exactly what I have in brainpower now. There are always options. I intend to follow my mettle so I make the right choices. Suppose I cant get a job in finance when I want to? I will probably consider going to work for one of the government regulatory agencies they will probably be hiring. The fiscal Industry Regulatory Authority (FINRA) is one possibility, especially since the CMT credential takes me part of the way towards the FINRA Registered Research Analyst credential (Marketing Technicians Association).This would move over more doors. I am very ambitious, but if ten years pass and my romance of starting a hedge fund begins to look like an out of the headway goal, I will probably consider starting my own personal financial advisor practice. The situation of Labor Statistics is forecasting that demand for personal financial advisors will incre ase by 44% over the next seven years (Bureau of Labor Statistics). I am very raise in the idea of starting my own business, even if it cant be a hedge fund. Right now, I cant say what other kind of company I might start but it could be anything. I believe that I have to put myself in the way of opportunities.I will do this by meet an avid watcher of the economy and an avid investigator of business conditions. I know what I am looking for a product or service that is necessary and nonexistent. This is how the great fortunes are made. In a normal sense, I am almost interested in ways in which the internet can be used to deliver new services. Netflix is an inspiration. The question to ask is how could computing and networking be applied to get people this service. If you are talking about a service or product that can be delivered globally over the internet, so much the better. Amazon changed the way people stigmatise for books.Fresh Direct has changed the way New Yorkers shop for groceries. Seamless Web has changed the way people order meals in from restaurants. I see the world as being endlessly full of possibilities. I know my imagine is of extreme wealth and privilege. Maybe it is more of a fantasy than something that can be planned for. But I know all the steps I take in pursuing my dreamnetworking, CMT certification, building a reputation as trustworthywill open opportunities for me. I cant know what these opportunities are in advance. My plan B really is much more strategic than tactical. My plan A is tactical.But for plan B I intend to do things that I am really interested in, to take advantage of all opportunities to meet others with similar interests, especially those with a track record of achievement, and to continue studying and learning. There will be opportunities and I will have my look open so I can see them. The CMT isnt the only certification I can pursue it is just the one that interests me the most right now. The CFA Institute offers t he CFA certification which is one of the most prestigious on Wall Street (CFA Institute). This is another course of self-study followed punctuated by three exams (CFA Institute).The more I try to make a plan for the future, the more convince I become that preparation is the most important thing I can do. This is regarding my love life, my family life, my interest in coral reefs, and my career. If I study and if I seek out other people, I will discover opportunities. You cant study for love, but you can understand yourself and what you desire. The more I learn about who I am and what I have to give to a life partner, the more likely I will be to find that special someone. I want intimacy, depth, and trust. I want to know and be known as much as possible. I dont want secrets and I dont want lies.I am convinced that the only way I will find a person who wants what I do, and with me, is if I give these things first. works Cited ARC Centre of Excellence. Coral Reefs on Brink of Disaste r, Scientists Urge execution Now. Science Daily. 22 October 2007. 28 April 2009 . Bowley, G. & Story, S. Crisis Altering Wall Street as Big Banks Lose Top Talent. The New York Times. 12 April 2009. 27 April 2009 . Bureau of Labor Statistics. Financial Analysts and Personal Financial Advisors. Occupational Outlook Handbook, 2008-2009 Edition. 27 April 2009 . CFA Institute. What Is the CFA Program? 28 April 2009 . Coral Reefs of Thailand. Earthwatch Institute. 28 April 2009 . Explorers Club. 28 April 2009 . Marketing Technicians Association. CMT Program. 28 April 2009 . Story, Louise. March, 25, 2009. Top Hedge Fund Managers Do wholesome in a Down Year. New York Times, p. B1.