As I travel the country speaking and connecting with a variety of groups, teams and organizations, I cannot help but wonder if we are truly headed towards a color-blind society. Racism is certainly not as omnipresent as it once was in the segregated South but I often wonder how far we really have come as a country. In so many ways, I am lucky because I get to tell my story and provide an insiders view as to what goes on behind the curtain in so many organizations and groups.
That said, it is one thing to talk “cultural diversity”
Many people struggle relating to and or connecting with others who do not look like them or share similar experiences and backgrounds. In the 21st century, the ability to communicate and work with people from different racial and ethnic groups will be as essential as computer skills.
The United States is already one of the most diverse societies in the world. America is more diverse now than at any other point our history. Our children will inherit an even more diverse society. We need to help them and others learn to live and work closely with people whose race, religion,
Dear Fortune 1000 CEO-
Do you have an idea on how to improve cultural diversity here at the office?
Congratulations! You are just like everyone else in line with you at Starbuck’s. Great ideas alone do not create a culturally diverse community at work. I have several hundred ideas a month on what we might do. Soy latte please!
In the “new now”, cultural diversity is all the rage amongst your peers. I find that you often lose sight of the fact that developing a diverse workplace involves real relationships between actual human beings who do not look like you
I start my seminars on Finance & Accounting Made Simple with a few questions to attendees. They all have to do with so called “myths” about accounting. I try and determine what the audiences believe about accounting. One of the questions is whether they feel accounting is complicated and/or difficult to learn. Most allow that it is complicated as in their minds it ivolves lots of complicated mathmetical theories and formulae. This is not to be believed. Nothing is further from the truth about accounting. I tell attendees that accounting is as easy to understand as their own checking account
What a week for the stock market ending August 5, 2011. Obviously, the short-term direction of the market is DOWN! The 20 day moving average of the S&P 500 stock index has busted-through its 50 day moving average. The longer-term direction is a weakly UP. If the 50 day moving average goes through its 200 day moving average, then the longer-term direction will be down. It is now very close to doing this. If the 50 day moving average does cross the 200 day moving average, you will have a Death Cross situation. This would be a very negative
For those retired or nearing retirement and concerned about how to retain purchasing power and preserve their wealth and lifestyle during inflationary cycles, there are prudent portfolio strategies to consider during what is often known as the “distribution phase”. Now is the time to think about the impact inflation might have on your retirement income plan. These 6 strategies can help to build a comfortable retirement in the wake of today’s volatile business, investment and inflationary climate.
•Focus on sequence of returns. As an investor who may now be liquidating principal from your portfolio, sustaining yourself for the long term may be
A comprehensive retirement income strategy will help protect your investments from inflationary pressures. This is because Inflation impacts nearly all retirement-based investing vehicles. Consider this high-level view of some of those most common:
1. Cash, money market, savings and checking accounts. These instruments are not going to keep up with inflation and taxes, but they are great places for your operating account (day-to-day expenses equal to 1-3 months of living expenses), and your emergency account (equal to 3-6 months of living expenses). You sacrifice returns for liquidity, but it is a necessary evil for a sound financial plan.
I’m sure many have heard the expression, “The squeaky wheel gets the oil”. The same can be said for investment talk. The worst information is often the loudest. Talking heads reporting about this stock or another, the losses and gains of the market, and ups and downs of the economy has turned up the volume to a degree where the noise has become a complete and harmful distraction. Much of it is misdirected and those who hang on every word are misguided. To achieve your financial goals, you need to shut out the noise and adhere to a proven, disciplined
Wall Street may soon be refurbished as the SEC continues to push for brokers adhering to a universal fiduciary standard. This is due largely in part to a recent study by the SEC on Investment Advisers and Broker-Dealers that was required by the Dodd-Frank Wall St. Reform and Consumer Protection Act. That means that brokers would have to put the interests of the client first. Right now only investment advisers have to hold fast to that standard and the broker just has to make sure the investment is “suitable”. So many investors think if they go to the
The goal of any investor is to have the most successful experience possible, or at least an experience that will help them reach their financial goals. Unfortunately for many investors the experience is anything but successful. As we have said for many years at CJM investing is easy it’s just not simple.
All you need to do is follow a few simple rules, rules we have professed to our clients year after year such as global diversification, keeping investment costs as low as possible, removing emotion and one of the most important rules to follow as highlighted in this