From March 2009 – when the stock market hit bottom during the financial crisis – through December 2012, investors withdrew almost $400 billion more from equity mutual funds than they added to them. During the same period, the S&P 500 gained more than 100 percent, leaving many frustrated investors in its wake.
The flight from stocks during the depths of the recession was not surprising, but 2012 saw the biggest migration from stock funds during the last five years. Yet the average equity fund, with reinvestment of dividends, gained 14.6 percent in 2012. Of course, past performance does not guarantee future results.
The tide seems to be turning in 2013, with net investment of almost $20 billion in domestic equity funds during the first two months. Perhaps it's a good time to examine the role of stocks or stock funds in your portfolio.
Dynamic by any standard, an unconventional path towards success has defined and opened doors for Aaron Arnold – the under-30 CEO who will keynote this weekend's Memphis Urban League Young Professionals Empowerment Conference.
For those in need of a snapshot, consider this description: a young millennial innovator, risk taker, CEO, MC and party host, producer, trendsetter, inspirational speaker, entrepreneur and lifestyle expert.
Some might have called him crazy a few years back when he left a well-paying executive position with one of the top five PR firms in the world to work for free as an intern at Sean "Diddy" Combs' Bad Boy Records. Feeling burned out and dissatisfied with his career and having a burning passion for music, the Chicago (south side) native embraced the demanding task of working with "Mr. Combs" (as he respectfully refers to the hip hop mogul). And in the words of Robert Frost, "that has made all the difference."
It took Jerry West a dynamic career and years of basketball brilliance before it happened to him.
It took Michael Jordan less time (in his rookie year) and the marketing brilliance of Nike (1985) to make him into one.
David "Big Swole" Rose? Well, he did it with mind-blowing speed, going from relative obscurity to brand logo in just a matter of months. Rose did so by revealing and embodying the unique and significant connection (as well as potential) between African-American motorcycle riders and the Harley Davidson brand.
ON OUR WAY TO WEALTHY Over the years I have come across some pretty unique products invented by folks eager to earn a profit from their product development of prototypes, samples and/or creations. From cookies to generators and sauce to hair products, the ideas are plentiful. But it takes a team and a plan to truly succeed on a large scale.
Now there is a difference between having your product placed in a few "mom and pop" stores and having them in Wal-Mart stores across the country. Let's discuss what it takes to bring your product to "retail ready."
An organized plan makes the process much easier to accomplish. The plan is the map to introduce the product and/or brand to retail. Decide early on if the plan is to "go small" or "go big" box retail. But either way, a plan is needed. Consider starting small, which may include flea markets, farmer's markets and smaller retail stores. Once you have a track record and a sales record, larger stores may gain interest.
LOS ANGELES – Gwen Ifill and Judy Woodruff will be co-anchors and managing editors for the "PBS NewsHour," according to an announcement made Monday (Aug. 5) at the Television Critics Association Press Tour.
Ifill and Woodruff will anchor the broadcast together Monday through Thursday each week. On Fridays, Woodruff will anchor solo as Ifill hosts "Washington Week" that evening. This will mark the first time a network broadcast has had a female co-anchor team.
It was also announced that Hari Sreenivasan will serve as senior correspondent for the "PBS Newshour" with Gwen Ifill and Judy Woodruff, reporting several times a week from WNET's Tisch Studios in New York, along with his duties anchoring "PBS Newshour Weekend" Saturdays and Sundays beginning September 7.
…. And why wouldn’t he? The 52-year- old head of one of the world’s most iconic black hair care businesses has wisely parlayed his time at the company’s helm into not only expandin
ON OUR WAY TO WEALTHY Stepping out on true faith, Monique Clark voluntarily left Corporate America to start her own company. In partnership with her husband, Kenneth, Mrs. Clark created Infinite Clean, a full service maintenance company with a concentration on public and private sector. Having been moved by the wisdom of their 11-year-old son, The Clarks have not looked back. Join us for a two part article as Monique shares her journey with us.
Carlee McCullough: Tell us about yourself.
Monique Clark: I am originally from Sacramento, Calif. I have been married to Mr. Kenneth B. Clark for 23 years. We have six children and six grandchildren. I moved to Memphis fifteen years ago to assist my husband in caring for his grandmother who was 88 years old at the time.