Tuesday, April 25, 2006

Little 500 has come and gone again..

Well, here at IU we anticipate this past week for most of the year. It is a week that is reknowned across the midwest for being the pinnacle of partying. The main focus of the week is the Little 500 bike race which has been so publicly recognized that Dennis Quaid was the lead actor in a movie about it just 20 years back. Last year I was pleadging my fraternity, ATO, when this week was going on so I really did not have an opportunity to enjoy the utter gluttany of the week to the fullest. Although this year, I came to realize the truly incredible nature of the week and all it entails. Monday, I woke up at Noon to find 20 kids playing alcoholic games in my apartment. At first I was curious to what they were doing but then I realized, THE WEEK HAS ARRIVED! To tie in the information age a little bit, I don't think it would be possible to draw a group of kids to a place like my apartment within moments without the use of cell phones and text messaging. 25 years back, one would have to call a house phone with the hope that the people would be home in order to invite them over. I would assume that many times the people would not get the message for several hours and thus they would miss the festivities. That is no longer an issue in today's world where everyone is in constant communication at all times. Thus, people are able to know about the drunken events and make it there before the booz run out. I would go into further depth about the rest of my week but I think I have made my point regarding Little 500 and its relationship to the "Information Age."

Thursday, April 13, 2006

The Ease of The Stock Market

This current year in college, my sophomore year to be exact, has been a time of mass evolution for me on many levels. I have become far more comfortable and confident with my identity. Also, I have taken on many unique challenges in the wake of my obvious inability to achieve the proper grades to get into the Kelley School of Business. I have devoted much of my time to developing a stock portfolio that was already grabbing a lot of attention from many of my father's friends. I had already done great things over the past five years with it (growing it beyond 300% of its original net worth), but I knew there was greater lengths I could go to in order to achieve better returns. I decided to pick up a 4.0 GPA Finance major from the B-school who was uninformed about the stock market as a whole but knew how to research to a higher level than I. It turns out my instincts were right on and the advantage I have gained from having my own analyst of sorts has been astronomical. With his dedication to research and my extensive knowledge how to allocate capital, analize market trends and read charts the sky is the limit. Technology has been such a huge part of this growth it is obsurd. I cannot even fathom how the average investor expected to develop any sort of major growth in their finances without such researching tools as YahooFinance, MSN Money, BloombergOnline. It just makes learning so much easier. My father for example has no idea how I discovered The India Fund (IFN) which he has reaped over 30 percent return on in the past month and will be collecting a hefty dividend of somewhere in the ballpark of 12% toward the end of the year on it. Even 15 years ago, no average 20 year old (like myself) could expect to make consistent money on stock trading without a dedication to reading the Business section of The New York Times at some regularity. I think this is a reason why there are still so few investors amongst my peer group. In my estimations, the reasoning for this is because every parent has relayed this message to their offspring about how they lost so much money on stocks and to be conservative with their investments. Where in reality, that is just entirely unnecessary, if one is conservative they will never generate the best monetary return possible. Also, for most students, they have a lot of free time to explore, smoke things and drink and watch TV, but wouldn't they rather make significant money to put into their wallet, while smoking and drinking and watching TV. The stock market (when dealing with mainstream stocks, not those joker "penny" stocks) is not volatile enough to cause you to lose all your money in an instance. As long as one has the ability to watch their portfolio of stocks over the internet, they are fully capable of selling any or even all of your shares on a whim when the stock goes up and goes down. There is no chance that one would watch themselves lose significant funds unless they were a fool. The basic concept behind what I am saying is is that, today's youth needs to be given the opportunity to invest independently. With the Information Age being in full-swing, the average person, young or old, has the ability to create wealth for themselves through the stockmarket. Longterm, it is a huge opportunity to generate a lot of wealth and parent need to let go of their "parental leash" sometimes in order for their children to grow. In this circumstance, the growth could be greater than one ever expects.

Monday, March 20, 2006

The Evolution of My Information Age

Recently, I have come up with this theory that may sound slightly odd (and very unexact) but when analyzed may have a lot of truth behind it. I realized recently that as new generations come into effect, the technological IQ of the generation before it seemingly falls insermountably behind. For example, my parents were technologically wise for their generation, yet they struggle to compete with the up and coming youth who have grown up with the computer as essentially a language of sorts is a major struggle to keep pace with. I would not consider myself to be a technological genius by any stretch (especially amongst my age demographic) but yet I am fully capable of setting up or fixing any of my household technologies (computer, HD televisions, etc.) without even looking at a single direction. Whereas, my father, who is seemingly advanced, in my estimation, amongst the average baby boomer with regards to technology, would have no ability to fix any of the new technologies without the assistance of a manual. Many would say that my lack of using the given direction is just "male stubborness" but I just think that for simple technologies such as TVs and simple computer glitches, the explaination on how to fix them is just self-explainatory or easily solved from prior issues. To finally establish the point that I have been setting up to make, our parents knowledge is essentially being FAZED OUT as the world we know goes digital and wireless. The youth are so much more capable of fully understanding the underlying issues involved with these technologies through their complete comprehension of the technologies themselves. I guess this is pretty easily proven by the way that the dot com boom was dictated by a bunch of 25 to 40 year olds who knew how to globalize the internet market better than their elders. These same elders who had no concept whatsoever of what a computer was until their college years (at the earliest). A computer system that did not even resemble the database we use today (Windows didn't arrive til the 80s!). I feel fortunate to have grown with the same basic computer model that we use today...with extensive technology advancements of course. I believe that through our society where technologies are fazed out every 18 months, we are living in a world where knowledged is expiring at a much quicker rate than ever before. This concerns me mostly for myself because I do not want to be 40 years old and be some executive at a major corporation and be replaced by some more knowledgeable 25 year old. That is not the way it has been in the past, but then again, never in history have there been such an abundance of 25-40 year old self-made billionaires. The business world is swinging toward utilizing the fresh, INFORMATION AGED minds of the youth at a growing rate and I just wonder...what is one to do once their expiration date is up and the are only 45 years old? SCARY

Sunday, February 05, 2006

The Super Bowl

Well, our technological, media-driven society comes to a head today. The world's biggest and grandest stage, the Super Bowl, will be taking place in my hometown of Detroit. Quite frankly, I have lived just over 20 miles outside of Detroit my whole life and I have no clue what the attraction could be to draw in American's biggest sports event for the second time in 20 years. Unbelieveably, I heard that the city of Detroit, the so-called "murder capital of the US", has been transformed into a Chicago-like city in a matter of months. My friends have all been raving about the 80+ restaurants that have recently opened in anticipation of the mass tourism and mass capital that follows suit. It is hard to comprehend the way that technology has advanced every sector of our lives. Who could have ever imagined that a city with little hope of revival such as Detroit could be rejuvenated in such a swift fashion just because of one football game. The way that urban renewal utilizes technology to the fullest to organize the cities in a way that will most suit the consumer. The technology is implemented into this to expediate the process one hundred-fold from the ways our parents experienced. Our lives are more complex because of this technological age but at the same time, one has to realize that a lot more is being accomplished in a much shorter period of time because of it. Almost everything in my life is wireless and I am living a lifestyle that is far less complex than that of a person who works 80 hour weeks. My life is managed efficiently to a point where I have a significant amount of disposable time in my day-to-day life to utilize at my will. Whereas, someone who attempting to acheive their way up the economic ladder in "corporate" America is taking that efficient lifestyle and running with it. Subsequently, I am refering to the way that many in the "corporate" lifestyle use every free moment they have effectively to get the most possible accomplished. That is a primary reason why life has become much quicker at output than anyone even 20 years ago could have possibly fathomed. Is this for the better? I really do think so.

Sunday, January 29, 2006

The Information Age Part 1..

I am slightly delayed with my first blog but I made it! The topics that I am going to be addressing are going to be directly pertaining to my every day life in today's "information age." My overall opinion of my lifestyle is that this time is far superior to any that has existed before it for many reasons. First, I feel as though my life is limitless because of the knowledge that is presented at my fingertips each day. As arrogant as this may sound and many may dispute, I know that many of today's children are far more advanced mentally than their parents will ever be. Generation X's ability to use the major technological advancements in a language-like fashion rather than a trained skill gives us a significant advantage in most sectors of today's culture. Even though I do feel that in many ways these technologies make our lives more stressful and much more complicated, I also feel that it is for the betterment of mankind that they exist. With such an enormous amount of knowledge at one's disposal, the evolution of ideas is getting more rapid to the point where products are continually being made better and better at a rate that history could have never anticipated.