How BlackRock Became The World's Largest Asset Manager
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- Опубликовано: 15 май 2024
- BlackRock is one of the world’s most influential companies in finance. At the end of the third quarter, it had $9.464 trillion in assets under management, making it the biggest asset manager in the world.
That scale gives CEO Larry Fink a voice in the international effort to fight global warming. Fink kicked off the decade with a letter to shareholders that called for better stewardship of environment, social and corporate governance issues.
These concerns stem from BlackRock’s conversations with clients across the globe. At a conference at the Bank of Italy earlier this year, Fink said that enforcing emissions reporting standards for public companies “will have the unintended consequences of fueling a backlash against our big companies, and it will promote a narrative of big versus small, and it will create greater and greater political polarization.”
Legal scholars like University of Virginia’s Paul Mahoney say the push for better ESG standards may transcend the typical boundaries of fiduciary responsibility.
“BlackRock in particular has been quite clear in their messaging that they believe that using ESG factors across its portfolio will help them deliver better returns,” the law professor told CNBC.
Fink and his team built their empire by focusing on long-term risk management and technology. This made BlackRock one of the world’s most powerful firms in a relatively short period of time. Now, they’re using that influence to push public corporations into taking action on ESG issues.
Watch the video above to see how BlackRock rose to the top of the financial world, and hear their plans for the future of the global economy.
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How BlackRock Became The World's Largest Asset Manager
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market
@@fresnaygermain8180 True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $900k from an initially stagnant reserve of $250K all within 14months.
@davedelva You might have heard this before but it’s imperative that I mention it. Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That's why I have been working with “Julia Ann Finnicum” and that doesn't make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim bigger.
@@yolanderiche7476 I just looked up Julia online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
👍👍👍👍
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
The adviser I'm in touch with is 'Eileen Ruth Sparks, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
Why you should start accumulating undervalued stocks.
Later, when stocks begin to rally, short-term investors, day traders, technical analysts, brokerage firms and news media work for long-term investors and help stocks rise significantly.
Let them work for you.
Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
@@Victoriataylor5668 That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on.
@@Brittany-reeds I'm happy to have stumbled upon this discussion. If you don't mind, could you tell me the name of the financial adviser who helps you with your investments and how I might contact them?
@@Brittany-reeds Thank you for this wonderful advice. I simply Googled the person's name, discovered her website, and wrote to her outlining my financial market objectives. I hope she gets back to me soon. Gratitude once again.
Making money is everything to you? You don't care about it being evil and wrong.
No moral whatsoever.
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?
Absolutely not, as I've closely tracked my portfolio's performance, witnessing a staggering $482k growth in just the last two quarters. This experience has taught me the secrets behind experienced traders' substantial gains in what might appear as unpredictable markets. Undoubtedly, it's been a bold and rewarding choice I made fairly recently.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
Helene Claire Johnson is the Consultant that oversees my portfolio. She's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info.
Thanks for sharing, I just looked her up on the web and I would say he really has an impressive background in investing. I will write him an e-mail shortly.
Black rock is one of the top institutional stock holders of
Comcast which indirectly owns NBC, which owns CNBC.
CNBC is owned by reliance.
@@neeljavia2965 cnbc india is part of reliance not whole cnbc
@@mehulpurohit1952 Ok thnx.
NBC also owns Univision, a Spanish network.
None interest conflict (sarcasm).
CNBC finally reported about their owner ;)
sounds like the own just about everything
@@joejacko1587 only 5%
@@bradschmittling8118 still one of largest owner...
Typical Indian mentality shikha
you've been getting in a lot of my recommended videos' comment section
I didn't become financially independent until I was in my mid 40s, in addition to owning a second house making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future! By participating in the financial market, I took a significant decision.
Yeah, strategic investments are critical for financial freedom and newbies always make the mistake of picking the wrong assets when investing
What an amazing journey for you Andrian! How was it like for you when u stated, and can you recommend a reputable specialist?
general, investing requires higher knowledge. For this reason, it's important to have a solid support structure to guide you through especially in asset picking. I operate with (Michelle Christine Parker) an investment specialist who partners with a licensed wealth management firm. For the record, experience has been the best for my finance
Wonderful
Thanks a lot , I just googled her up
I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.
Regardless of whether you're a wise person, it's best to consult a professional advlsor right away. As a business owner in the service industry as well as an eBay reseller of all product categories, I can attest to the fact that we are in a severe recession and that everyone is running out of money.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Viviana Marisa Coelho is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Blackrock is also buying houses like crazy. As a renter just try to get something repaired.
China is its biggest client and partner which make it the biggest asset manager.
@@user-mb3mf2og9k China is buying assets legally via an American company. Why is that legal in the first place, especially when it makes a basic need like housing unaffordable for anyone besides the rich?
@@Stanley-px3bt In my part of the country, Northern California, you can buy a nice 3bd 2ba home for about $300k, that is about $1500 a month, pretty doable on household income of $55k a year. I wouldn't consider that rich, at least in the States.
@Charles No that’s Blackstone, two different firms
They want to get a monopoly on the housing market and then hike up prices,their goal is by 2050 to have 99% of us renting and average homes costing 10,000,000$
In the middle of 2024, I think we'll start to see more market diversification. I'm hoping to invest about $300,000 from a recent home sale into the financial markets, but I'm still not sure how rates will effect the market just yet, which worries me a lot. Like how long will the bull rally last before the reset?.
You see in the stock market, bigger risk begets bigger results that can work in the bulls' favor. I think investors who are wary of the changing market trends should seek out bear/bull mrkt directions from certified strategists.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $700,000
thats really massive!How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Viviana Marisa Coelho’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.
There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
How can I get in touch with your financial consultant
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
Bots
This is a real conversation by real people
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
Index
Venturing into investments without knowledge and experience is like walking on a shattered glass blindfolded, it is very detrimental
I'd would always give credits to this type of firms honestly, their eligibility and results has really secured me fat wealth...I don't joke when it comes to assets and the trades market, they've been very profitable to me
There are reasons why these companies are made, the markets should be profitable and open to everyone but its difficulty is depriving a lot of people from earning profits and that's when trade companies like this one come in
While in retirement I earn passive incomes from home investing in commodities, crypto and stocks. I don't trade myself but I know how overwhelming the markets complexity can get, that's why I rather leverage aid from experts and it has been very remunerative
@@philcrowley007 The fact that Bitcoin is currently at $63,000 and so many are still in anticipation whether to invest in it or not is just delusional for me. Only problem I am having is I can't comprehend its high volatility, if I may ask what platform do you work with ??
Investments has been and will always be the most lucrative business in the world, both NFTs, real estates, stocks and crypto are really positively changing peoples life
Basically, BlackRocks success came from the Federal Reserve manipulating markets, also known as insider trading, it's hard to lose when you know the moves before everyone else.
Also from the Chinese communist party. One can fairly say Blackrock is nobody if it wasn’t for the Chinese communist party money.
@Nick Risca War may stimulate an Economic situation....
It just never seems to end....
I suggest we drop the money as a valuation and promote Humanity instead of Economy.....
@hans kasper
I do not propose a social order with any valuation on a persons time, or possessions.
I propose that we as civilized humans adopt the system the Natives used for thousands of years in this area.
Money was not some basis for evaluating a persons worth for the Salish, who formerly occupied my area of the World.
The priority of those folks was preservation of the environment for 7 generations.
We should be wise enough to be capable of adopting such a system?
The Wealthy may feel somewhat overlooked with their Cayman Island Bank Accounts, but should that be a concern of the Majority?
It is those super computers and fiber optic high speed network lines that they use in trading. Trading completes in micro seconds. If it is banned, will become black powder.
@hans kasper I do not propose we stop trading objects we consider worthy of adoration or respect for craftsmanship.
I propose we dedicate our lives to insuring that people are fed and clothed, as well as provided homes that suit them.
The use of money as some artificial measure of our efforts, is something that has become refined since the Sumerians invented coins.
My suggestion is to abandon all forms of money as a measure of worth, and simply decide to contribute our efforts to doing what our talents offer to the world.....
Imagine the effects of Children using the talents that inherit to make the world a better place?
Is that not a better application of their humanity than to worry about how to make a Buck?
Concluding 2022 with a 20% decline in the S&P 500, long-term investors find a promising entry into 2023. Noteworthy ETFs include: $VOO for S&P 500, $VTI for total US market, $QQQ for tech growth, and $SCHD for growth with dividends. Calculating my annual dividends, I'm thankful for $167k-attributing it to discipline and focus.
In the past month, my "unexciting" index funds provided me with over $6,000 in dividends, giving me the option to spend without selling shares. Currently, I've opted to reinvest the dividends to acquire additional index funds for future growth.
While unfamiliar with such turbulent markets and the accompanying chaos, the current apprehension is reasonable considering the historic duration of the US Stock Market's bull run. Nevertheless, lucrative prospects abound with the right guidance. Collaborating with an investment advisor to diversify my portfolio, I managed to achieve a substantial profit of over $260k in the preceding year.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
I'm guided by Lisa Angelique Abel . An experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
Monitoring my portfolio closely has been incredibly rewarding. In just the past two quarters, I've made an impressive $273k. It's fascinating to see how experienced traders can generate significant returns. This has definitely been a bold and exciting decision for me.
@@TomD226 Impressive can you share more info?
@lowcostfresh2266 There are many financial coaches who excel in their profession, but for the time being, I employ Laurel Dell Sroufe because I adore her methods. You can make research and find out more.
@@TomD226 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I have been exchanging for around a half year now and pretty much every exchange explosions and smacks me my face. Almost unthinkable for me to get in excess of a couple of focuses I attempt to do top down examination however it doesn't work for me . I share with myself, obviously I'm in the 90% that lose cash, so I open a demo account, do my examination, then take something contrary to what I would typically take and come by a similar outcome. I'm beginning to feel miserable, any guidance for a striving merchant?
You're correct, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any legit ones?
No company should have this much power. Its ridiculous
It's not their money,they manage it for other people.
Etf are passive investment vehicle and follows fixed rules on how portfolio are managed, manager's can't arbitrarily move around funds.
It's like a bank for shares instead of money,just because they manage it doesn't mean they own it .
That's fine, but understand they don't have the kind of power the video implied. They MANAGE assets, meaning the clients own them via whatever investment fund they bought (and Blackrock has got hundreds of those).
This is the same type of person who says eat the rich and Jeff bezos doesn't deserve his fortune... Then immediately turns around and buys the newest iPhone on Amazon.
@@completelybraindead Speak for yourself. Not once had I mention Bezos and then proceeding to buy the newest iPhone.
But ok.
M o n o p o l y
Even though some of the comments may seem a little extreme, this is a very very worrying company. Such wealth and power held by just one company is never going to be good.
I agree its the opposite of a "union"... Where we use unions to "gain power" from small groups to keep things fair... BlackRock uses other peoples money to "gain power" for there own interests, very dangerous.....
It’s already not good for dope. Their holdings in real estate are artificially pushing markets higher and higher.
@Isaac American capitalism at it’s very finest. Why do you think the bottom 55% of American workers, haven’t had their pay rise in tandem with inflation? Land of the free my ass!
Fk BlackRock w a BBC
Bruh their shares in each company are like 10% to 15%. That's just minority. Indeed they have shares in all major companies but they don't exactly own any of those companies. They just have shares in lot of baskets which has given them more income. Simple. If market somehow fails they are gone.
Very interesting that when you listed everything that Blackrock was looking into buying you left out HOMES. Blackrock has been buying houses and land left and right the past few years along with other companies so I'm wondering why you left this out.
Blackrock owns this news company. That’s why. This is blackrock propaganda.
Thats just part of property investing what point does taking it off the market matter?
This is a Black Rock commercial on their own network.
Ssshhhh…. No one is supposed to know that they even EXIST
@@nancym5341 The world is starting directly at them existing and starved us
isn't this the same company that is buying all of the single properties and renting them out and pricing young families their dream of homeownership out?
The very Same money hungry Crooks!!
Yes. Every economic crisis is a ratchet that puts more of the housing inventory in the hands of the mega-landlords.
ruclips.net/video/79FsPZ_VHMg/видео.html
Financial institutions as a whole account for less than 1% of home purchases in the US.
That's how you make money, buy up everything, set your price that no one else can compete with no one can say no to you.
Finally they made a video on BlackRock it's a Behemoth that lot of people don't know.
I know about it, and Vanguard too.
A lot of people have been talking about them now they're a giant.
really? and this ? ruclips.net/video/np_ylvc8Zj8/видео.html
A big pile of trash
They can pay to keep their main name out of the news and instead focus on the assets they control which are the names the general population knows.
For a few months now I have been searching tirelessly for information on how to start investing. I even paid $400 for a course that I now regret. It appears that there is no structured guide for beginners on how to get started in this realm. I’ve come across several investors making well over $250k/annual and I would be grateful if anyone on here could provide insights on how to get started, identify potential stocks when to make an entry, exit etc
Keep it simple in the beginning. Buy something, like an index fund, and hold. Educate yourself in the meantime and elevate your risk tolerance over time.
In order to make profits from trading you need loads of experience and a well-defined strategy, which most traders don't have. If you trade without the proper preparation, you're most likely to lose your money. Identify the buy/sell ratios and identify the market leaders and most importantly. Diversify! this will help you spread the risk
Even with the right technique and assets, some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally, I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
who is your financial coach, do you mind hooking me up?
credits to *MARTHA ALONSO HARA* , one of the best portfolio managers out there. she's well known, you should look her up
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
@@cesarmurph The certified fiduciary I work with is Vivian Carol Gioia. Do some research on the name. With a letter to schedule an appointment, you would find the information you needed.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Massive gains! mind sharing details of your adviser pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help fuel my money goal
My licenced fiduciary is Vivian Carol Gioia. Just look up the name. In order to schedule an appointment, you would find the information you need in a letter.
This seems biased… I don’t think this was nearly tough enough on black rock
Also Blackrock has heavily invested (i.e. its customers have been made to invest) in China, and China bought a large amount of control of the company.
Through various funds they control about 10%+ of Comcast the parent company of CNBC. It's like the Murdochs and Sky/Fox, you won't hear any criticism or even an article at all.
Blackrock Fund Advisors: 4.17% ownership of Comcast; SSga = 3.73%; Vanguard = 8.14%. Hmm........
One can fairly say Blackrock is nobody if it wasn’t for the Chinese communist party money.
@@user-ui2wo4yf3l Explain please.
I swear they're intentionally picking villainous names for these companies now.
Was just thinking about the name "Morning Star" a couple of days ago 🤦
They need something that fits the bill.
It reminded me of "Blackwater" - the US private military contractor during the post 9/11 era whose mercenaries masaquered Iraqi civilians. They've since changed their name.
Blacks tone Private Equity doing pretty well lately too 😂
ruclips.net/video/79FsPZ_VHMg/видео.html
Every time I watch a video like this, I'm reminded of how much I regret not buying bitcoin at the time. invested a large sum of money in early-stage crypto assets with the expectation that they would eventually flourish. How are other people in the same market making over $250k in earnings in a matter of months, baffling.
I've always advised the investors i know to exercise caution when it comes to new buys, especially right now. Its best you thread the market with the guidance of a qualified specialist or reliable counsel if you don't know where to look.
I agree. On my personal experience working with an investment advlsor, I currently have $656k in a well-diversified portfollo that has experienced exponential growth.
May I know the name of the advisor who has been assisting you, please?
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Vivian Carol Gioia on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
At the very least, I now grasp the concept of leverage.
Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
Most people simply enter the foreign exchange market without comprehending matters like this.
The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjov the benefits of income management.
That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
You are correct! Working with a financial advisor who has worked in a solid financial firm for a long time, such as John will actually set you up for success in life. I'm delighted I was able to reach out to "John Desmond Heppolette" earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the correct community.
Yeah real, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience
Please who is John Desmond Heppolette..?
My biggest problem with black rock is its close ties to government as illustrated by the fact that it keeps getting contracts from the Federal Reserve to manage different assets.
The federal reserve isn’t owned by the US government.
@@1970joedub the Federal Reserve is a wing of the federal government but it is not directly controlled by the legislature.
Lol no. Federal reserve is a company not government agency.
We don't have a real government, they are a corporation.
The fed BlackRock Ponzi. The Ponzi that we the people are paying the price for.
Hiring politicians kids and paying them very well without asking a lot in return definitely helped.
Yes, you are right. One can fairly say Blackrock is nobody if it wasn’t for the Chinese communist party money.
True, they have no respect for their employees. Leadership sucks in BLK
Yes they r thr real deep state
@@jaiindian1979 How do you know ? Have you worked there ? Please elaborate.
@@prashanthb6521 yes I have worked with the company as VP, when they started their operations in India, Gurgaon.
I was the one who set up their first office in Gurgaon. Not only myself but many left the company in a very short span because of incompetent leadership and internal politics.
Every family has that one person who will break the family's financial struggle, I hope you become the one 😊
Assets that can make you rich
Bitcoin
Stocks
Real estate
@@thomasdooley3702 You're right, it's obvious a lot of people remain poor due to ignorance
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Now is the best time to purchase and invest in Bitcoin stop procrastinating
Blackrock is not concerned about the environment for any other reason than eliminating competition for the companies they own, thus dominating all markets. The most evil of cross roads is where environmental propagandists meet with investment managers. Neither one of them should ever be trusted to do anything other than lie.
The climate change propaganda is made to stop latinoamérica and india to catch to the industrialized world
What? They care because they know governments are out to start heavily regulating the oil and gas industry. That poses an economic risk for Blackrock.
Recently a report was released that said BlackRock was the #1 offender when it comes to climate change bc it has controlling stakes in the companies that pollute the most. It was an eye opening report that sadly goes unmentioned here bc BlackRock also controls the company that owns CNBC.
LOL did you watch full of this video? ESG is just a tool they using to manipulate almost S&P 500 companies. The example here is a giant mining Exxon must obey the vision of firm manager, or they could work in their own way and lose billions of dollars.
Eff Trump
So a whole video dedicated to the advertising of Balckrock the puppet master's of most politicians.
Hahahahaha yep that’s right they buy politicians like popcorn
Blackrock is the puppet master of a LOT more than just the political pool.
Massive protests in Switzerland.
Don't they invest in China also, cringe
@@eloonto851 they have investments all over the world
And they want to be your landlord! It's better for their margins that none of us own anything.
Yep that’s right
@@flennboyd6413 plain simple did education level just drop
@@flennboyd6413 he means BlackRock was buying up property on the cheap from the mom and pop landlords who went broke during the eviction moratorium.
I was watching PBS years ago and a host, Travis Smiley made a comment, " They don't want most of the money they want it all ".
@@Hosz688 Except that's not true. Some nutjob crying about the Great Reset extrapolated a lot of baloney from nothing. The economics of one company, or even an oligopoly of companies, attempting to buy up the entire housing supply, is absolutely impossible.
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
She's OLIVIA SULLIVAN FINANCIALS
she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.
I'm definitely gonna check her out. Do yo have any idea if she manages family fund?
Despite the economy crisis, this is still a good time to invest in stock and crypto.
You're right stock and crypto are the best to invest on right now.
@vallekas it's Seems like her success story is everywhere, how do I get in contact with this mrs Hanna macko FX ? I realy need to know.
@vallekas thanks
OMG trading crypto with expect hanna macko has been a life changing for me, l call her fx goddess
I've seen positive reviews of this professional must be exceptional for people to talk about her
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
@@kimyoung8414 I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@alexyoung3126 It all boils down to technique, the downtrend leaves room to key in on the market and grow-substantially whether in the long or short run, it's only just easier to make profit when the market is green, a downtrend provides an equal high-yielding avenue if you have the requisite set of skills and knowledge, reason I've been using an investment-adviser to scale up in this hard time, only way I was able to raise upto $850K in the last 7months.
@@lawerencemiller9720 Please can you leave the info of your investment analyst here? I overheard someone talking about how a couple made $20k during this red season. I need such luck lol
@@stephaniestella213 just look her up online to get in touch with her, her details are provided online.
I'VE BEEN SEEING POST EVERYWHERE ABOUT FOREX TRADING AND CRYPTO CURRENCY, A LOT OF PEOPLE KEEP SAYING THINGS ABOUT THIS TRADING PLATFORMS PLEASE CAN SOMEONE LINK ME TO SOMEBODY WHO CAN PUT ME THROUGH..?
Trading with her is %100, she is legit and
sure in trading unlike others.
I earned more this year because I have been investing while working at the same time. I invested through Olivera Jane khumalo, same woman featured on CNBC,and made multiple of my start up capital within three months.
Delayed instant gratification pays. I invest more than I spend these days. Last year I started crypto staking plus my forex investment, and that's the best yielding investment now.
who's this professional, everyone is talking
about i always see her post on top comment
on every RUclips video I watched how can i
reach her?
@Lisa James Thanks for her what's app info 👍
When you invest, you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor
It's not ignorance but due to some unprofessional broker in the market
I'm from Spain i have been an investor in the crypto market for over 2 years now
Now is the best time to purchase and invest in Bitcoin, stop procrastinating!!
Everytime I take a look at the largest shareholders of a company black rock is always there
It has shares in over half the country's (world's?) corporations. That's why it's literally the most powerful entity on the planet and was recently identified as the #1 contributor to climate change
@@andgolivemusicplaylists Nope they don't own.
@@andgolivemusicplaylists Climate change is a scam.
The third guy there, State street Global Advisors, was the largest manager of ETFs and the world’s largest asset manager as recently as the early 2000s. The 2007/ 2008 financial crisis changed that
Hmmm...
Larry Fink caused that while working at first Boston.
I have been sort of obsessed with this evil behemoth recently.
I interviewed with them, very interesting experience
@@FrostyFlameTV PLEASE TELL IN VIDEO STORYTIME FORMAT. PLEASE.
why evil?
@@FrostyFlameTV make a video. please!!
ruclips.net/video/79FsPZ_VHMg/видео.html
Most people venture into crypto to be a millionaire meanwhile I just want to be debt free
That's very practical and smart goal a wise man once said do everything in your power to get out of debt one of his tips on getting rich
The one thing about being successful is working towards it and not the other way around
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
Starting early is the best way to getting ahead of build wealth, investing remains the priority
Now is the best time to purchase and invest in Bitcoin stop procrastinating
in just the past twenty years this company went through the roof. Scary. It has no problem being ruthless and creating a distopia.
Blackrock is playing a role in the great reset. They’re going to price everyone out of homes
but aren't you the ones that support capitalism? this is what capitalism does.
Do you think your susceptibility to conspiracy theories is due to a lack of education or something else?
@@superblump87 lol it’s already happening tho. It’s been all over msm as well. It’s not even partisan or conspiracy. U just sound uninformed now, and have set yourself as an example for my previous comment
@@murugansakthi123 it’s funny how people like you conflate capitalism with cronyism. Capitalism allowed the worlds youngest nation to grow into the biggest superpower in the world in the shortest span of time. Capitalism has been hijacked by corruption at the highest levels benefiting only themselves. It’s no longer capitalism or free markets when an entity like the Fed can create money out of thin air and companies like Blackrock are the direct beneficiary’s of this money creation while the taxpayer gets their purchasing power robbed by the second.
@@murugansakthi123 I'd rather jump straight to Anarco-capitalism will cut out the middle man ( government) and have more power as consumers then votes.
Wow, so amazing to hear how great this gigantic mega corporation is. I mean, think how few people now own so much money that used to be in the hands of many.
It just switched hands ye.
@Days of Funder Voluntarily, too... That's absolutely the scariest part for me.. Something like that could get that much power from people who collectively give it to them, voluntarily.. They probably didn't even NEED to cheat much..
All part of the Great Reset. Largest theft in history, possibly.
@@mrmasrawy92 I have money in blackrock fund $USMV. I will probably put money in more of their funds in the future. Love them or hate them, they have an amazing set of ETF products.
That’s just how the world works. You cannot stop that. Someone WILL want more and that’s how humans nature is. Achieve the status of “king” or “queen” of a tribe. Don’t forget, we are animals. We have primal instincts.
Most people venture into investments to be a millionaire meanwhile I just want to be debt Free
That's very practical and smart goal a wise man once said do everything in your power to get out of debt one of his tips on getting rich
Just do the right thing by trading with a guide trust me you will be successful and debt free
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
Starting early is the best way to getting ahead of build wealth, investing remains the priority
I advice everyone to start investing and never rely on just salary. No billionaire made it through salary
I love how they make themselves seem to be good for people 🤣
🤣🤣🤣🤣
BlackRock and Larry Fink is no stranger to the ethecon Dead Planet award and was awarded this dubious award in 2017 for being the largest shareholder in military weapons company Rheinmetall and again in 2021 for its largest share in energy company RWE who operates the world's largest brown coal mine - BlackRock is one of my nominees for the Netflix series Dirty Money.
BlackRock owns 22,000,000 shares of Netflix so don't hold your breath.
Hit 250k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2023
Hello how do you make such monthly ??
I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God
Thanks to Mrs Diane Walter.
She's a licensed broker here in the states
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.
After I raised up to 325k trading with her I bought a new House and a car here in the states also paid for my son's surgery (Oscar). Glory to God.shalom..
I find it absolutely amazing how most of these huge firms like BlackRock, had fund and asset managers who started with Blackstone Group first.
Who every could teach the robot faster. Essentially this is our new god and he is more powerful than walking in water
What was black stone group
@@justinjones5281 lol where do you get your info from?
@@AnonymousanonymousA data crunching AI. Yes initially said company had investors in on a project to create a robot to make money on the stock market. Took 30 years to get the data working. Now it’s known as alladin owners are in trust to black rock founder of black stone and all the other subsidiaries
For me this is scarry. They do nothing great for the World
Company’s like this should not be allowed to exist.
"The largest oil producers and the largest carbon emitters are state controlled enterprises." 🤣🤣🤣
有認賊作子在有血有肉喜氣洋洋喜氣洋洋喜氣洋洋謝謝自欺欺人夕陽西下自欺欺人一心一意想要夕陽西下喜氣洋洋謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝謝小遊戲嘻嘻嘻嘻嘻嘻自尊心自尊心自尊心認賊作子在一起做賊心虛喜氣洋洋一心一意喜氣洋洋榮總ㄗㄗㄖㄗㄗㄖㄖㄗㄗㄒㄗㄗㄖㄗㄒㄒㄒㄒㄒㄒㄒㄒㄒㄒㄒㄒㄗㄗㄒㄒㄒㄒㄒㄒㄒㄒㄒㄒㄖㄖㄒㄒㄒㄒㄒㄒㄖㄒ
有自由♟鞋子ㄗㄗㄒㄗㄗㄗㄗㄗㄒㄒㄒㄒㄗㄒㄒㄗㄗㄗㄒㄗㄒㄗㄒㄒㄒㄒㄒㄒㄒㄒㄗㄒㄒㄒㄒㄒㄖㄒㄒㄒㄒㄒㄗㄒㄒㄗ
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Irony.
@@Mohammed-747 how so?
So, a member of the Oligarchy making executive decisions for the "Greater good" for people who aren't responsible enough to know what's good for them, in order to justify all the failures of oligarchy's? Glad we are all on the same page now.
But have you heard about their plan for the housing market? They wanna take us back to feudalism, BABY and they've got the PMI's and Fed to kick down doors to make it a reality.
Black rock which owns a major share in Hawaiian Electric, which got $95million from the Govt after the Maui fire, while individuals got $700! Blackrock which owns a significant share in many defence contractors, which are doing their best business in 20 years because of the Ukraine war! Blackrock seems to have a majority interest and control of the United States of America!
When you invest you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
@@christopherhobb7702 you're right, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to stay poor
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings, what do you think I should be buying?
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Jobs will pay your bills business will make you rich, but investment makes and keep you wealthy the future is inevitable
Was this an infomercial? It comes across as one.
They will buy the company if bad news is told haha.
The ESG factor ETF pitch was a bit much for me. Who buys that stuff?
They technically own CNBC aswell
BlackRock also has the contract to manage the U.S. federal government employee TSP (401k) program.
Great initiative taking action on ESG issue appreciated
When you invest, you're buying a day you don't have to work
I pray whosoever here becomes successful
@Investors motivation You're right Sir, it's better to take risks and make sacrifices than to remain poor
Alot of people remain poor due to ignorance
I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this
Most people venture into crypto currency to be a millionaire meanwhile I just want to be debt free
Any specific guide?
Don't know who's CNBC coverage I was more in awe of: Blackrock or Goldman Sachs
One can fairly say Blackrock is nobody if it wasn’t for the Chinese communist party money.
The Media Firms all enjoy the support that Capitalism offers to their prosperity.....
Do not expect them to offer any silly challenges....
This is like a paid advertising for Black Rock
You could literally say that for any company being spotlighted... lol
BlackRock is a top holder of Comcast which indirectly owns NBC which owns CNBC
Black rock is basically the guy with all the properties on the Monopoly board while everybody else is rolling the dice to pass Go
BlackRock bought and keeps buying blocks of new and old buildings in Europe that then sit empty as they’re used as investment, while the rest of the people are facing a housing crisis and paying exorbitant rent amounts.
So this video raises a number of pertinent issues (5:28 antitrust risks, 11:17 conflict of interest, 12:38 property investments, 12:49 crypto, 13:40 ESG as an "investment" metric) and resolves none of them.
Tbh I felt the same about Jake Tran's video on the EXACT SAME TOPIC a month ago. At least _his_ video ("The Company That Owns The World") was a bit more entertaining 🙂
The feds partnership with blackrock reminds me of JP morgan
Finally, someone who knows something😂
Commodore Vanderbilt also held considerable power over business, when boats were more common than trains that Morgan played with.
Vanderbilt began our Latin American expansion program with a ship connection to Niceragua.
His method of entertaining Businessmen on his boat, until they agreed with him was pretty simple.....
@@danielhutchinson6604 Morgan also used to do the same....
@@swanandjoshi333 They may not have given Morgan the Moniker of Commodore.....
I became familiar with the firm while a youth who noticed the locomotives of the Northern Pacific Railroad, bore a plaque claiming the ownership was bestowed by the JP Morgan Equipment Trust.
My 16 year old mind strayed into the meanings of those anouncements, then into the study of economics.
Elite corruption at its finest. BlackRock is just the new kid on the block.
I just joined your VIP group, and I'm already seeing some amazing results. Thank you for all the incredible resources and guidance you provide!
Let’s not forget black rock has large stakes in THIS VERY NEWS COMPANY.
Barclays should have never sold Barclays Global Investors. Deal of the century for BlackRock.
Just watch... and dig.
@@H33t3Speaks We used to say in poly science 600 white guys controlled the world. I'ts now 6 guys, and five of them are dropouts. We used to point to the office on the top floor and say "that's the guy out to get me", now it's a shell game on a golf course in Singapore, where DHL reverse buys Maine-Nicless Australia, and you London Armoured car job gets eliminated, and it goes to your comp. Garda, which ends up being owned by Loomis, which is sold to DHL and all the Maine Execs. get hired by.......drum roll.........DHL.......
@@dwightstjohn8549 who are the 6 guys?
@@matheusrodrigues6923 musk gates etc
Sucking the blood out of the world's middle class, one house at a time.
NOT 1 HOUSE AT A TIME, WHOLE STATES AND COUNTRIES AT A TIME.... HAITI IS AN EXAMPLE OF THEIR PROXY POWER... Their President this year assassinated by the cia to push the covid vaccine into the Haitions, thousands of needles at a time...
@@EyeofaMadman Reality is bad enough without crazy conspiracy theories. If I need to hear something like this, I can just listen to some homeless people ranting in L.A. Thanks but no thanks dude.
BlackRock, Fidelity, Vanguard, and State Street are the 4 pulling the strings in the world.
Why did the Rothschilds imbed the pyramid depicted on US currency into a Israeli state building?
@@winddictatesdirectionyar3802 to mock
Don't sell your souls to these things. There are things that are worth far more then any money or control that they have in the world and you have the power to not give it to them. God bless you all who read this!
I could easily buy out Blackrock with my Zimbabwean pocket change ..and still have a wheelbarrow full left for a loaf of bread
LMAOOOOO
By making them an offer they cant refuse right. =D
I don’t like black rock imo, a lot of their ETF’s have higher than normal management fees, for no reason.
But some outperform Vanguard ETFs. IWY outperforms VUG. Same with IYW vs VGT. Basically you pay more for better performance for some of their ETFs.
FYI...I prefer FTEC over VGT & IYW because I am cheap.
@@akin242002 you just argued against your own argument.
Some people like to be cheap, like me and you, hence why I avoid higher management fees, and I avoid black rock.
SPYG has the exact same performance as IVW, yet SPYG has a 0.04% expense ratio.
And IVW has a 0.18% expense ratio, for the same performance.
That 0.41% expense ratio on IYW, would be horrible for a Roth IRA.
Short term, might not make a difference, but over the course of 40 years, high management fees will erode your gains. Thats my point.
@@HateTheIRS Why do you invest in etfs. Buy individual growth stocks or stay a peasant
ETFs are terrible, small gains. Buy individual stocks and out of the money options to make incredible gains
@@trumppence3998 do you understand what the whole point of an ETF is?
It’s passive investing, that’s the whole point. less risk.
I wonder why black rock felt the need to buy the Oregon national caves? I find this odd and think there up to something not good. Noone should be allowed to buy public land
I love long-term incentives and goals.
Please do a video on Jack Bogle and Vanguard
He’s the MAN! The Index fund legend!!
Btw
Vanguard is the largest shareholder of blackrock.
Yeah and blackrock is the largest shareholder of Vanguard.
But they r both passive managers who have to buy the index so if a company is large in the index they would have to own a lot of it. I'm starting to believe ppl dont understand finance in these comments
@@Fedora_JP
Exactly and thats y they govern the markets indirectly
@@shreenidhinayak2627 no, they are sticky investors, if apple is 5% of the market, guess how much they have to own? They dont have a choice their active business is smaller than their passive business. Anyway grab a book, there are many on Amazon
@@miggyaviles005 69 babyyy
Thank you SAM for all your amazing insight and for inspiring me to invest . As a 34 year old small business owner i only had the mindset to depend only on what my business feeds me up until retirement. But you’ve pushed me to have the courage to do IRA, invest in mutual funds and plenty more to come . Thank you 🙏🏻
The secret of your future is hidden in your daily routine. successful people do daily what the unsuccessful only do occasionally
successful people don't become that way overnight. what most people see at a glance-wealth, a great career purpose is the result of hard work and hustle over time
The amount of time you spend believing we can't is more than enough time to learn how you can
@@faiwufaiwu8260 yeah! I agree with you
people come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge frist and I promise! the money we follow you just like it's following some of us now
@@limingliminghung6891 people wants to do what the 99% but wants to get results that fit for the 1% but it doesn't work that way
By the way Bleckrok is just a very large hedge fund not a bank.
They're an investment management company, not a hedge fund. Maybe sounds like a minor semantic difference, but it is a big difference in how they approach managing other people's money, particularly with regard to risk.
Asset manager. HUGE difference. They post investment funds on the exchange and collect small fees on every trade.
They do own a slice of several hedge funds and market makers, though.
Just?
It just owns large portions in shares of most primary world banks. Jeez.
I never heard of black box before but whoever you are God bless
Thanks for the video and the gift you always give us in your vip grouop
Very ethical investing: leading investor in fossil fuels, largest stakeholder in most banks around the world and biggest investor in dictatorships such as China.
Also just found out that Blackrock is one of the biggest owners in Comcast which owns CNBC, truly dirty beyond believe...
I look forward to seeing this same article on WSJ in a couple weeks. So nice of you guys to share your story ideas with them I just wish they'd add extra information when they do lol
Now make a what if video .. "What if Black Rock failed "
Oh god no. Just the thought alone.
They would get a bailout. Guaranteed. Privatisation of profits; socialisation of losses.
Yeah, the words to big to fail, would come pouring out of the mouths of the government again
@@philipvjones397 The world Governments aren’t liquid enough to bail a fail this large out of trouble. In fact the governments may need help themselves because of Covid. Countries have incurred huge amounts of debt that will take generations to pay back.
@@kerra3699 printer goes brrr
Wow! You are a principality, with due respect this is mind blowing
It is simple. We brazilian are paying the highest price ever for gas produced by the company Petrobrás. One of the biggest Petrobras shareholders is blackrock.
I love the narrator's voice. The video is also very nice and to the point.
I believe it is Skeeter Jean, check out his RUclips page, I recognize the voice.
"United States Citizen" is a fancy euphemism for "Blackrock Owned Indentured Servant."
Liars burn in hell
😂😂😂
US Citizen is a slave to the British Crown. American National is what we are but the "Civil War" changed everything.
Thanks for providing all this knowledge, you are doing great
Wait.
I never heard of this company before!
I guess it isn't as talked about as other massive megacorporations.
it’s for a reason.
@@raghavrao9289 (t) reason. fasc ism
BlackRock is the name of my neighborhood
I am just here for the comments.
And talk about a monopoly that needs to be broken about
I love this. I did not know this about Blackrock.
ESG is going to create long term inflation in goods and services. We will look back at these videos in tens years complaining about the lack of energy production investment just like we have now in housing. We have hedge funds running up the price of uranium as it’s obvious nuclear is coming back too. If countries onshore critical industries; commodities will be elevated. Heath care never slows, government wants more. Could be tough times ahead, for decades.
Great Discipline equals Great Freedom
Great Power equals Great Responsibilities
The sound system of CNBC RUclips is very very low. I'm hating it. In the previous video's, it used to be much louder & pleasing to my ears.
When you look up the term "hubris," you see a picture of Larry Fink
All "jobs” that I know of fall into one of five categories:
• Blue-collar
• White-collar
• Sales
• Traditional business ownership
• Investing
Blue-Collar Careers
Here is the Wikipedia definition of blue-collar. "A blue-collar worker is a member of the working
class who performs manual labor."
My definition is someone who labors to fix something, make something, clean something, build
something, or service something (or someone).
In my life, I've worked many blue-collar jobs. And, for anyone who's ever engaged in this line of
work, there is a certain satisfaction in a job well done.
But here's the big question: Can blue-collar work deliver on The Perfect Career List? The
obvious answer is no. Sure, it can deliver on some of the attributes. It might have a great
product and a low start-up cost or any number of other individual items on the list, but if you
really look at it, blue-collar just can't get you where you want to be. Not "The Perfect Career."
White-Collar Careers
Here is the Wikipedia definition of white-collar. "The term white-collar worker refers to a person
who performs professional, managerial, or administrative work, in contrast with a blue-collar
worker, whose job requires manual labor. Typically white-collar work is performed in an oflice or
cubicle."
My definition is a person who is employed by someone else to do work other than manual labor
or sales.
Many people choose a white-collar career, as it is one of the most socially acceptable of the
options available. It has long been viewed as the safe and secure option. Recently that has
changed. The implied contract that, if you are loyal to the company, the company will be loyal to
you, is long gone.
I've also been a white-collar worker in my career. In my experience, there are two types of
people who do this type of work: Achievers and Hiders.
Achievers are the people who want to perform at a high level. They are ambitious, motivated
and energetic. They are full of ideas and want to move up the corporate ladder, which are great
attributes to have. But there is a downside for the Achiever.
The moment a person decides to be an Achiever, they become a target. Their boss sees them
as threatening to their job, so they start to hold them down or take shots at their reputation.
Their peers see them as a person who will either embarrass them or keep them from getting a
promotion, so they start to do what they can to undermine their accomplishments. So, to remain an Achiever and survive in this hostile environment, a person must become good
at one thing that has nothing to do with their productivity-and that's politics. They must learn
how to navigate the political world by diminishing their enemies and strengthening their
relationship with powerful people. In fact, some of the most successful people in the corporate
world aren't Achievers at all. They are pure politicians.
So if you decide to work in the corporate environment and to be an Achiever, you must accept
the fact that you must become a good politician also.
Now, let's talk about the Hiders. These are the people who HATE politics, but still need a job.
They learn not to be the ambitious Achiever. They don't stand out. They don't speak up in
meetings. They don't bring new ideas. They HIDE. They keep their heads down and do as
they're told. They do just enough so that they aren't talked about negatively. They survive.
And this has worked for decades. But in the New Economy, it's becoming much more difficult
to hide. And people are running out of time.
So, back to our Perfect Career List: Can a white-collar job deliver on the list? Again, the clear
answer is no-certainly not in very many areas.
Sales
Some people choose to get away from being an "employee" and get involved in a sales career.
This is certainly more adventurous because typically salespeople are paid on their production
instead of by the hour.
I've known thousands of salespeople. There is a common theme I've noticed over the course of
my career. The typical salesperson will have a period of time where everything goes perfectly.
Everything they touch turns to gold and they make some really good money.
As soon as that happens, they almost always set their lifestyle to that level of income. They buy
a new house, get new cars, put their kids in better schools, purchase a vacation home - the
works. Everything is great for a while.
And then something changes. The company changes the compensation plan, their territory gets
reduced, a competitor shows up, they lose their best customer, the economy goes into
recession, new technology makes their offer less valuable, or government regulations change
their industry.
These are just a few examples. There are hundreds more reasons why the salesperson's world
could (and probably will) get more complicated.
When that happens, with the big lifestyle they've developed, now 40 hours a week isn't enough
to pay the bills. So they go to 50 hours a week. And then 60. And then 70. And then their life
gets very small. Yes, they have the stuff, but they don't have time to enjoy it.
The other challenge for the sales career is, no matter how a person does, they still start at zero
the next day. It can be tiring to live under that kind of pressure over a long period of time.
Can a sales career pay the bills? Sure. But can it deliver on The Perfect Career we described
earlier? Again, the answer is no.