The Network Within

Written by Rita Fisher, CPRW


THE NETWORK WITHIN Copyright 2004, by Rita Fisher, CPRW / Career Change Resumes

When you hearrepparttar word “networking”, what comes to your mind first?

You probably think about going to a job fair or asking all of your friends, family members and acquaintances for jobs.

But if you are currently employed, you might very well have easy access to one ofrepparttar 112539 best networks you can have.

Let me introduce you to a different networking concept – that of “inside” networking, “inside” meaning: within your current company or organization.

68% of large U.S. companies have some kind of employee networks, according torepparttar 112540 Diversity Best Practices group.

Lots of these corporate networking groups are divided into functional categories, like sales, public relations, etc.

You might ask: “but how will I benefit from joining a networking group within my company? Why will this help my career?”

Here are 7 reasons why joining one of your company’s networking group, likerepparttar 112541 “Advertising Leadership Team” will give a huge boost to your career

1, You will have access to company leaders you otherwise wouldn’t through interaction withinrepparttar 112542 group and through delivering presentations, and joining in on projects.

2, Active involvement in company decision making process. For example: if you are an integral part of your company’s “Advertising Leadership Team” you will have insight into how decisions are made and you will also have responsibility forrepparttar 112543 success of projects involving that team.

3, You will have access to a huge network of like-minded professionals who are also interested in advancing their career, participating in special projects and learning new skills.

4, Being part ofrepparttar 112544 networking group and being involved with special projects also means that you will also a pulse onrepparttar 112545 big picture, more specifically:repparttar 112546 corporate-wide happenings.

Lies, Damn Lies and Mutual Fund Returns

Written by Ulli G. Niemann


How many times has this happened to you? You're at a social function andrepparttar conversation turns to investing. Pretty soon, people are comparing how well their investments are doing. As you might imagine, being an investment advisor this happens to me a lot. However, I recently had an experience with it that startled me.

Bob, one ofrepparttar 112538 guys I was chatting with at a party, asked what kind of returns I had made for my clients with my methodical no load mutual fund strategy duringrepparttar 112539 past year. I replied that they had unrealized gains of slightly over 29%, after management fees, forrepparttar 112540 8 months that we were invested.

Bob countered with a smirk that he had made a 40% return. I raised my eyebrows and told him that was darn good—and suggested that maybe he ought to be managing my money. At that point we were interrupted and, asrepparttar 112541 evening went on, I began to wonder exactly how Bob had gotten his great return.

I cornered him a little later on and, upon digging a little deeper,repparttar 112542 story looked somewhat different. Yes, he had made a 40% return on a mutual fund he had some money invested in, however, we were comparing apples and bananas.

He had a total portfolio of $100k. Being cautious, he had invested only $10k into a mutual fund, from which he profited $4k after he sold it. The balance of his portfolio ($90k) was sitting in a money market fund earning some 0.35% per year.

So, while he had made 40% on 10% of his investment, he had only made 4.35% on his whole portfolio. My methodology was also focused on protecting my clients' investments and it had increased their entire portfolio 29% (unrealized). That would be an apple to apple comparison when measuring my returns against his. Bob's one fund realized 40% return. However, had I approached itrepparttar 112543 same way Bob had, I could have described one ofrepparttar 112544 funds I used that had realized over 49% forrepparttar 112545 same period.

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