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Steven Ng
Professor Brenda Refaei
English Intermediate Composition
February 22, 2014
The Unpredictable financial World
Money in this world control what we can do with our lives. Society throughout the years
has created some sort of value from trading objects to others, to trading gold to others and to
using money as medium of exchange. For example, some people want to have cars, home and
some sort of hobbies that they enjoy. But without a huge amount of capital, we always let money
control what we can do with it nor how we want to control it with our future. This is the reason
why I became interested in the financial field. I want to know how money is really created in the
United States and I want to learn what make money grow and how I can learn to apply the
knowledge that I learned from professionals on how to research the securities market and how to
invest safely.
The two genres that I am analyzing are the perspective of two hedge fund managers on
how they faces with the challenges on investing on what they market throws at them .One of my
sample is called “High-yield munis: The defense takes the field” shares the perspective of the
high market from the past year transition on to this years and offer an insight on what strategy
they want offer as this current year pass on. The other article that I am analyzing is “the highyield outlook on the road to ‘normal’ ” in which explain the significant change that the bond
sector share and it remain confident that bond sector will continue to have good perspective on
what they want to offer and this year pass by. It interesting with so many years of experience,
they still don’t know what the market throws at them. For this reason, this fund managers have
big team of professionals that they manage and do considerate amount of research to figure on
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how they want to invest their money on. What I learned from this two article is that a fund
manager overseeing and managing a portfolio have to have vision on what the market give it to
them. A Fund managers not only focus on the short term gain but it also focus on the long term
gain.
As I think about what kind of definition to define my genre, I began to realize that is
really hard to define what kind of genre does Fund manager write. They are considered Jack of
all trade but master of none. The closest definition that I could of thing is that they are group of
professional that manages a large amount of money. Their duty is to put their client’s hard
earned money in places that will ultimately make a positive return and make a positive impact on
those clients’ financial goals.
The content that is normally included in my samples are information about how the
market goes up and down in their cycle, how the mutual funds influence the economy, and how
important diversification of fund is important .The things that they exclude is stating others
where to invest the money, what company they invest on and what the market is going to happen
the next day. They exclude this kind of topics because the stock market are unpredictable and is
driven by emotion. No one can fully correctly guess what the stock market will do in the future.
The ethos for my sample would be the fund managers writing their perspective.
The Fund managers have a least 10 years on doing the job they have done. Also they work in a
well-established securities companies’ ivy funds. The pathos for my samples is to explain to their
customer how the market is doing currently and trying to prepare for the future. For example “
Depending on what happens in the months ahead we could see a situation where we might
consider reducing CCC exposure in favor of higher rated credits.”
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The diction that is most commonly used are financial words such as bonds ,
market, risk , high yield funds, credits, liquidation. There is a type of jargon used in my samples.
Not all of us know what is exchange – trade fund (ETF) bonds, barbell-style approach, and
higher coupon coupons bonds and so on. There are no slangs in my samples. The write voice is
objective and unbiased. The way
The patterns that I observe reading these two genres from the two portfolio manager’s
was that they research intensively and try to find patterns as they go on. They study the market
that they are trying to find and try to predict what the market would do in the future. William
Nelson state “I move the portfolios I was managing in to a more defensive position with a
significant underweighting versus the index”. I believe these patterns are significant because
that’s they job they supposed to do. They are professionals that focus all their attention on what
kind of funds they have to put it. They research intensively because they have these giant pool of
money and they want invest safely and make it grow.
The People that understand and appreciate these genre has to know that this professional
has been in their field for a long time. They have been in the investing industries for many years
so they know what they are talking about. The Investment industry is heavily regulated by
FINRA and SEC. Those two organization primary job is to make sure that the investment of the
public sector is fair. They are highly regulated by those two organization and they have the
power punished those individuals that takes advantage of the customer money Because of this
reason, portfolio manager has to manage carefully where to put the money and how to carefully
make a positive return.
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As I finish analyzing the two genres, I noticed that a portfolio manager job is really
arduous and difficult. They are responsible for identifying and managing the money that clients
have trust on them. But at the end, the reward that they get are worth it.
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