Optimism

There’s an opinion which says that . Some people agree with it, others not. The discussion has lasted for a long time and still there are different points of view about it. Nowadays, we can divide our society into two groups of people: those whose life is centered around money and others who know that there are more important things than being rich. The latter are aware that wealthy people often aren’t able to have a real friend.

People who surround the wealthy, are only expecting for themselves. Moreover, there are people who believe that money can be a medicine for everything. But they make a mistake, as no sum of cash can prevent us from old age, loneliness, diseases, accidents, death or stuff like this. And it’s useful to remember that money is a fragile thing, which we can lose at any time. In addition, wealth makes people less sensitive. They aren’t able to notice both poverty, which is around them, and needs of others.

However, money is the basic means, which lets people make their dreams come true – the dreams, which have been unavailable since one’s childhood, like travelling all over the world or buying a villa, that’s all to compensate a misery of someone’s childhood. Thanks to having money it’s easier in our life to establish ourselves. Cash can be helpful in achieving many goals like finishing our education. What’s more, money lets us buy basic products which are essential to our daily existence.

Human can’t live without eating. We have to be able to earn some money to dress up properly. To sum up the issue is far from solving but it seems that even though money is useful to life we can’t buy the most important things – love or friendship. I think that human has to use money in proper way, without harming others. However, I presume that words: “Money doesn’t bring happiness” can’t exist in present world, because everything circles around money.

LIMITED HOUSEHOLD PARTICIPATION IN THE STOCK MARKET PHENOMENON ANALYSIS TABLE OF CONTENTS 1. INTRODUCTION3 2. FACTORS THAT DETERMINE STOCKHOLDING DECISION OF HOUSEHOLDS4 2. 1. Wealth4 2. 2. Intelligence quotient (IQ) and cognitive skills4 2. 3. Education4 2. 4. Country4 2. 5. Information availability and ease to trade6 2. 6. Market trust6 2. 7. Age7 2. 8. Marital status7 2. 9. Sociability (social interaction)8 2. 10. Personal values9 2. 11. Life satisfaction9 2. 12. Health10 2. 3. Risk aversion10 3. CONCLUSIONS12 4. REFERENCES13 1. INTRODUCTION There are a lot of researches made to investigate the reasons why households participation in the stock market is relatively low. According to the numbers, only 21% of EU households participate in stockholding (European Survey of Consumer Finances, 2009). This looks irrational because the majority of the society members do not capture their chance to win additional benefits from their wealth in the stock market.

The purpose of this exploratory research is to provide general insights about current status of households stock market participation and explain the variables that have effects on stockholding decision by households. Currently, the households investment level can be treated as market inefficiency due to irrational or unconscious households behavior. However, there is a number of external factors that influence the decision making in this field too.

The statistics from variuos countries imply differences even among highly developed countries with similar GDP per capita like Italy with 14% and UK with 26% households stockholding level (European Survey of Consumer Finances, 2009). This means that there are externalities that lead to such differences and not just irrational households behavior determine the situation. To draw the full picture, this research focuses on both types of factors – internal and external. The following chapters include short analysis of the main factors that have impact on household stockholding decision and the summary. . FACTORS THAT DETERMINE STOCKHOLDING DECISION OF HOUSEHOLDS 2. 1. Wealth Wealth refers to accumulated tangible and intangible assets. It is obvious that for stock investing households need to have some tangible assets to buy stocks. Therefore, wealth is one of the main factors that determine whether a household can actually invest, or in other words, convert savings to investment. According to the survey, 31% of respondents in EU state that they have some savings but do not participate in any kind of investing (European Survey of Consumer Finances, 2009).

Households starting to invest face a number of costs such as time spent to understand the stock market system, get familiar with markets situation and trading flow. It may seem that the knowledge gain does not cost anything but there are opportunity costs when it comes to time. Other than that, there are also some direct tangible costs like transaction costs, taxes and other fees for the brokerage. Of course for wealthier households this kind of barriers are less relevant, however, poorer households might be considering if possible benefits outweigh the costs. . 2. Intelligence quotient (IQ) and cognitive skills IQ is probably the most common measure to assess human intelligence. There is no doubt that beneficial stockholding requires appropriate level of intelligence to make good investing decisions. According to recent researches, there is a correlation between IQ and participation in stock market (IQ and Stock Market Participation, 2011). Households’ heads with higher IQ tend to diversify, hold mutual funds, more stocks and eventually bear lower risks with higher returns.

In addition to IQ, it is worth to mention cognitive skills that have impact on participation and successfullness of stockholding. Good cognitive skills lead to lower time costs for getting knowledge and higher awareness that are so crucial for investing. 2. 3. Education In general, education provides a lot of advantages for societies and its members. Self development is crucial to gain cognitive skills, general knowledge, increase awareness and gain variuos experiences. These are the traits necessary for successful participation in stock markets.

It is proven that education has positive correlation with households stockholding participation. More specifically, even one additional year of schooling increases the possibility of participation by 7% – 8% (Stock market participation and household characteristics in Europe, 2010). Moreover, decisions making of educated households’ heads are more rational. 2. 4. Country As it is mentioned in the introduction, different countries have created different environments for stock markets and, therefore, this is one more factor that can influence households stockholding decision.

More specifically, governments can influence investment climate by adjusting such variables as taxes, laws, infrastructure, education, general country’s stability and even more. The Figure 1 below represents country specific percentage of households having direct and indirect stockholdings between 2006 and 2007 (Stock market participation and household characteristics in Europe, 2010). Figure 1. Stock market participation and household characteristics in Europe, 2010. In order to improve the opportunities for households to participate in tock markets, while at the same time to make it easier to enter the above-mentioned markets to new entrants, and to improve the conditions of participation for existing participants, and finally – to ensure the stability of financial markets, government often takes appropriate actions, whose has a relatively high impact on the further development of stock markets. Government must ensure the macroeconomic stability of financial markets, while at the same time they must ensure the existence of an open economy.

A theory of an open economy is very important on the development of stock markets, because only in this case people and companies can freely trade in goods and services with other people and businesses, so that has a major impact on the growth of financial markets. Another neccessary condition for the success of any stock market is its repayment of stock dividends culture – before making any type of investment it must be ensured that stockholders will be allowed to get their dividends at a pre-determined time and at a pre-determined amounts.

Talking about ensuring the fair trading process, European Union in 2004 released the EU’s Markets in Financial Instruments Directive (MiFID) (this directive was implemented three years later, in 2007), in order to open the door to the creation of new trading platforms directly operated by intermediaries, and in 2008, nine major investment banks (BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, Societe Generale and UBS) has launched new pan-European equities trading platform (based in London) called “Project Turquoise”.

Has this directive had an impact on stock markets? Yes. The issuance of this directive led European Union to increase competition and consumer protection in investment services. In order to complete this section about relevant government efforts, we must conclude that the relevant government actions truly has a significant effect on the growth of stock (and bond) markets, promotes fair trade among all countries included in the process of buying / selling stocks, and eventually – influences country’s economic level to ncrease. But are these actions sufficient enough in order to ensure the increase of the involvement of households in the stock markets in the future? 2. 5. Information availability and ease to trade Technologies and their development have huge impact on everyday households life. Although nowadays the majority of wealthy households have ability to use the Internet, two decades earlier this was different and households participation in stock market rate was different too.

The research of impact of the Internet to stock market participation reveals that there are strong evidences that the Internet penetration contributed to increased amount of households participating in stock market (Stock Market Participation and the Internet, 2008). According to the same research, the usage of the Internet increases the possibility to have stocks by 7%. This is mostly because of ease of stock trading (online trading), lower transaction costs and lower information costs. 2. 6. Market trust

Trust is important factor for household’s decision to invest in stock market. Financial markets involve much risk and uncertainty. To tell the truth, the majority of households whose invest in stocks don’t fully understand how the capital markets actually function. There needs to be some faith and certainty in this process. If it is known that a certain person or a company is unreliable and untrustworthy, you, simply, don’t want to have any kind of business and common interests with them. The same is with households.

In deciding whether to buy stocks, investors takes into account the risk of being cheated, so those households, whose generally are more trusting, are also more likely to invest in the financial markets, and those who are less trusting are less likely to invest in the market. Collapses of financial markets and its key participants – individual companies’ (when fraud was initiated and tolerated by heads of major companies) not only lowers the distribution of expected payoffs, but at the same time reduces the confidence in the system, which generates these enefits. A great example – company “Enron”. “Enron” was one of the biggest U. S. energy companies, however, when it was revealed lots of obscure in accounting procedures (it can be considered as a fraud), performed in 1990 on both “Enron” and its partner, accounting company “Arthur Andersen”, there was a bankruptcy initiated on “Enron” – it was the largest bankruptcy in U. S. history. Share price fell from $ 90 to a few cents, and since those shares was considered to be very reliable, this bankruptcy was considered as disaster in the financial world.

Company’s shareholders lost nearly $11 billion. What do you think, what impact do these examples of companies’ breakdowns have on the growth in confidence in financial markets? 2. 7. Age Another interesting fact in observing limited household stock market participation phenomenon – age. One of the factors that influence household’s decisions about stockholdings is the age’s effect on risk tolerance. There was a research done, in order to identify the risk tolerance level within specified age groups, and it showed that the risk tolerance decreases within the age.

According to a research done by Rui Yao, Michael S. Gutter, and Sherman D. Hanna, where they analyzed the effect of race and ethnicity on subjective financial risk tolerance, measuring age as a continuous variable, found out that each year increase in age decreased a probability of taking any type of risk by almost 2 %. Another factor, having significant impact on household investment decisions according to its age, is income.

As this factor was discussed at one of the beginning pages of this research paper, it is worth to remind that different age groups receives different amounts of wages, what has an impact on their ability to act and to invest in financial markets. Finally, it is an interesting fact that interpersonal trust (trust is our previously described factor due to limited household participation in stock market, but this time this factor is viewed from a slightly different perspective) is more important for stock market participation decision within younger age groups and political orientation within older age groups. . 8. Marital status It’s not a secret that marital status is another important factor, which has a significant impact on household’s decisions whether to participate in the stock market or not. Married people are more willing to take (and share with each other) a certain level of risk than those, whose are living alone, and those, whose are living together, but are not married at all. There was a research done in order to identify the effects of marriage and divorce on financial investments.

According to this research, women are more likely to invest in the stock market after their marriage, and take back their investment after divorce, while at the same time men shows quite different patterns on investment decisions. This suggests that the female gender is more risk averse than men (risk averse is also identified as one of the factors that has an impact on household’s investment decisions in the stock market), but in terms of couples who are married, a degree of risk more or less evenly distributes among themselves.

It is worth to mention that marriage increases the likelihood of future investments in the financial markets for both men and women. There are lots of household finance literature available both online and in libraries, where it is often highlighted the differences in men and women behaviors while investing (marital status, as one of the factors having impact on households decision whether to participate in stock market or not, can be analyzed in a little bit different way.

That’s true – by gender and by risk level each gender has possibility to take on themselves). According to the literature, the differences on investment preferences between men and women are more exposed, when individuals rather than married couples are being analyzed, because as it was mentioned earlier, married investors takes more risk than single investors. A distribution in risk by gender, talking in terms of marital status, is not the only reason for limited household participation in stock market. There an be distinguished several different factors, attributable to marital status – it‘s changes in household risk preferences, changes in background risks, and, also, changes in economic resources. 2. 9. Sociability (social interaction) Is it not true that working with a good company of friends involves more fun and at the same time the overall productivity increases? At the same time, don‘t you feel safer when you purchase a good, that was tested by people living in your environment, and it was recommended as a reliable and useful good?

Another example would be a participation in any social program, where there previously participated, for example, your neighbours or friends – your decision-making process is very strongly influenced by the people of your environment, and here takes place the so-called phenomenon of word-of-mouth communication. All these examples perfectly suites to define one more factor, which explains limited household participation in stock market phenomenon – it is sociability, or, in other words, household‘s social interaction.

Harvard Business School provides us with an opportunity to observe their findings about sociability‘s impact on stockholding decisions. Firstly, according to a research done, social households – those households, that has friendly and warm relations with their neighbours, are more likely to participate in stock markets, than those, whose relations with their neighbours are ruined or there aren‘t any neighbours in their environment. Secondly, as the proof of the first claim about sociability, researchers indicates that the impact of sociability is much more higher in those states with higher stock market participation rates.

Quite „unexpected“, right? Finally, they found out that differential between social and non-social households appears to have widened since 1990s. We often encounter with word-of-mouth communication‘s impact in our everyday‘s life, but when you are trying to assess sociability‘s influence on household decisions whether to participate on stock markets or not, you then realize the true power of a word. Word-of-mouth information sharing is key point in understanding sociability as another factor of limited household stockholding decisions, so we state that there‘s a significant impact of social interaction on such like household decisions. 2. 10. Personal values This research is gradually beginning to analyze not only the superficial factors, that affects household decisions related to stock market participation, but it also tries to look a little bit deeper into personal characteristics of an investor. One of the most important internal factor, having a great impact on investor‘s financial decisions, is personal values of an individual.

A technical definition of personal values would be that it‘s the strongest internal provisions, having a large impact on our everyday decisions. Those everyday decisions are better know as our consumption decisions, they are also a major driver of our voting decisions and so on. Compared to other internal factors, such as risk aversion or life satisfaction (those are our next two internal factors, whose will be discussed a little bit later in this research), studies about personal values and its impact on our everyday‘s life are more preferable by today‘s researchers.

According to their findings, personal values are connected to various demographic variables, i. e. Self-Transcedence and Openness to Change are the values that are proven to become more important when the level of education gets higher. It have also been proven that personal values are associated with social involvement, where, according to researchers, social involvement increases with the level of education. Finally, about two thirds of all studies shows that political orientation has strongest association with personal values.

As every person has different values, the same is with political orientation – as there are many factors affecting citizens‘ lives, such as the income inequality, national security and so on, it is natural, however, that different values are emphasized in different environments. So what’s a true effect of personal values on investment decisions? Firstly, people with self-enhancement values of power and achievement are more likely to invest in stock markets than the others.

And secondly, it is observed that personal values have a significant impact on those groups of people and their decisions, where investing in stock markets is relatively rare. 2. 11. Life satisfaction Isn’t it true that happier, more optimistic and satisfied with their life people embraces better decisions? What are the differences between pessimistic and optimistic people? – Optimists are more likely to believe that future economic conditions will improve. On the other hand, it is observed that optimistic people are working longer hours, they are more likely to remarry after divorce.

So, optimism and life satisfaction are other important factors influencing households’ economy-related decisions. There was a research by Cambridge university‘s researchers done, where they found that optimism is highly correlated with stock ownership. People with higher levels of life satisfaction lives longer. Mostly. Therefore they think they are further from retirement, hence they are trying to control financial factors that are known that could affect their lifep.

It‘s a fact, that people, whose are more satisfied with their life, are working more, they are less pre-disposed towards retirement. What is more, it is more likely that one day they‘ll create any kind of business, so they‘ll become self-employed. Finally, optimistic people are more likely to remarry after divorce. All of this suggests that life satisfaction and optimism truly is a critical component of economic-decision making, and that those two factors plays an important role both on household decisions related to stock market participation and economic welfare of stockholders. . 12. Health Health risk is increasingly viewed as an important form of background risk that affects household portfolio decisions. According to household‘s level of health (whether it‘s poor or good) there‘s a possibility to detect whether household is willing to participate on the stock market or not – poor health is associated with smaller amount of risky assets and greater amount of safe assets. Researchers are trying to evaluate the links between health, health risk and portfolio selection.

Recently it was observed that it does not matter whether households are trying to control their level of income and variety of socio-demographic characteristics, poor health decreases the probability of owning risky assets – for example, those households with poor health entails a higher risk of unexpected out-of-pocket medical expenditures, and prefers to own a corporate or government bond instead of holding a stock. Despite the fact that health risk quite often leads to a previously mentioned higher out-of-pocket medical expenditure risk, two possible outcomes can arise from such things.

In particular, households may start changing the allocation of their financial resources, that can reduce their exposure to financial risk. On the second case, households can increase their precautionary saving, what reduces their ability to act in stock markets. At this point it is worth to mention that the intervention of government organizations reduces the impact of health risks related to household‘s stockholding decisions. That‘s why – it is observed that countries without adequate health care laws tends not to invest in risky financial assets, so this suggests an important role of such laws in shaping household‘s portfolio decisions. . 13. Risk aversion Finally, last but not least – factor, which had a significant role on this entire research. That’s risk aversion. We’ve emphasized different levels of risks on our study and their impact on household stockholding decisions, such as health risk or the age effect on risk tolerance. It has became clear that risk aversion reduces the probability of household‘s investments on risky assets. As the standard portfolio theory states, the amount of wealth a person wishes o invest in risky assets, depends directly on his degree of risk aversion, so it is logical to assume that if a person is more risk averse, he will hold safer portfolios. There was a research done several years in a row (from 1998 to 2001), where researchers found out that risk aversion has an effect not only on the structure of portfolio, but it also has an impact on the final decision whether an individual wants to become a stockholder (you should remember that previously we had a little discussion about that entry costs affects individuals‘ stock market participation decisions, too).

Finally, talking about risk aversion‘s relation to other factors affecting stockholding decisions, it is found that risk aversion is negatively correlated with wealth. That‘s true – risk aversion decreases when wealth levels increases, and vice versa. To complete our discussion, another interesting fact – it was identified, that women are more risk averse than men, however, differences between genders, tends to be larger in single households (remember what effect on household‘s decisions on stockholding has marital status). 3. CONCLUSIONS

In general, all present researches about the topic agree that household stock market participation currently is not at the efficient point. There are a lot of complex factors that have impact on household stockholding decision and those have been discussed. However, some researchers observe even more correlations with stockholding decision and such interesting variables as race or living place but due to the limited scope of this exploratory research, these interesting factors are not taken into consideration. Needless to say, there are plenty of not mentioned factors that determine the level of stockholding.

Of course, the governments are motivated to encourage investment level of households to make stock markets more efficient. There are some great examples how particular countries managed to increase the level of household stockholding over time. However, the complexity of the factors that lead to higher efficiency in each country are hard to determine and need further analysis to determine what works for each country particularly. Unfortunately, not all factors can be stabilized by the government. The global financial crisis of 2007-2008 showed that trust crisis in stock markets can not be handled so easily.

Therefore, the only way to ensure sustainable stockholding growth is to adjust the system itself and add measures that could protect stockholders and decrease the possibility of such recessions. 4. REFERENCES 1. James P. Dow, Jr. , “Age, investing horizon and asset allocation”, 2008 2. George Korniotis, “Does Investment Skill Decline due to Cognitive Aging or Improve with Experience? ”, 2007 3. Sule Alan, “Entry Costs and Stock Market Participation Over the Life Cycle”, 2006 4. Janus Capital Group, “European Survey of Consumer Finances”, 2009 5.

Luigi Guiso, Paola Sapienza and Luigi Zingales, “Trusting the Stock Market”, 2008 6. Vicki Bogan, “Stock Market Participation and the Internet”, 2008 7. Mark Grinblatt, Matti Keloharju Juhani Linnainmaa, “IQ and Stock Market Participation”, 2011 8. Charlotte Christiansen, Juanna Cchroter Joensen, Jesper Rangvid, “Are Economists More Likely to Hold Stocks? ”, 2007 9. Elina Laakso, “Stock market participation and household characteristics in Europe”, 2010 10. Paul Gerrans, „Gender Differences in Retirement Savings Decisions“ 11.

Jeffrey R. Brown, Zoran Ivkovic, Paul A. Smith, Scott Weisbenner, „Neighbors Matter:Causal Community Effects and Stock Market Participation“, 2006 12. Dimitris Georgarakos, Giacomo Pasini, „Trust, Sociability and Stock Market Participation“, 2009 13. Kaustia, M. , Torstila, S. „Stock market aversion? Political preferences and stock market participation. “, 2010 14. Shawn Cole, Gauri Kartini Shastry, „Smart Money: The Effect of Education, Cognitive Ability, and Financial Literacy on Financial Market Participation“, 2008 – 2009 15.

George Korniotis, „Does Investment Skill Decline due to Cognitive Aging or Improve with Experience? “, 2007 16. Rosen, H. , Wu, S. , „Portfolio choice and health status. Journal of Financial Economics“, 2004. 17. Edwards R. D. , „Health Risk and Portfolio Choice“, 2005 18. Christiansen C. , Rangvid J. , Joensen J. S. , “The Effects of Marriage and Divorce on Financial Investments: Learning to Love or Hate Risk? ”, 2010 19. Christiansen C. , Rangvid J. , Joensen J. S. , “Fiction or Fact: Systematic Gender Differences in Financial Investments? , 2010 20. Niilo Luotonen, „Personal Values and Stock Market Participation – Evidence from Finnish University Students“, 2009 21. Sule Alan, „Entry Costs and Stock Market Participation Over the Life Cycle“, 2006 22. Yao, R. , Gutter, M. S. , Hanna, S. D. , „The financial risk tolerance of Blacks, Hipics and Whites“, 2005 23. Rui Yao, Deanna L. Sharpe, Feifei Wang, „Decomposing the age effect on risk tolerance“, 2010 24. Tullio Jappelli, Marco Pagano, „FINANCIAL MARKET INTEGRATION UNDER EMU“, 2008

Explain why resilience is so important CYP 3. 3 6. 2 SCMP2 1. 3 CYP 3. 3 6. 1 CYP 3. 3 6. 4 CYP 3. 3 6. 3 What is resilience? Resilience is the ability to adapt to adversity and cope with living in spite of stresses. Building resilience is building the ability to bounce back and adapt to all kinds of adversity, including trauma, tragedy, threats, setbacks and stress.

Children at some time in their lives will experience stress and trauma, but by building resilience, children are better able to manage stress and feelings of anxiety and uncertainty. Resilience is important because it is the human capacity to face, overcome and be strengthened or even transformed by the adversities of life. And adversity affects us all at some time in our lives. Resilient children: find ways to solve their problems xercise control over negative thoughts and take responsibility for choosing how to act and feel are more likely to have people to talk to and confide in when something worries them have inner strength, social and inter-personal skills, and skills in communicating effectively require parents and carers to model resilient behaviours and help promote resilience through words, actions and the environment, in which they are being raised like to try new things, enjoy a challenge need supervision, support and boundaries feel they can succeed ersist with a task and persevere have a sense of optimism believe their contribution can make a difference to an outcome like helping people possess a sense of fun. Ways we can raise a childs’ confidence, resilience and well-being Resilience draws on aspects of a child’s characteristics including temperament and the environment in which they are raised and supported. It also includes people and opportunities that help build resilience, for example independence, autonomy and problem solving. Strategies for building resilience can be learned over time.

Learning to think positively and in perspective means a child can not only cope with problems and setbacks. It also means children have opportunities to learn how to build strengths that protect and promote well-being. To overcome adversity and build resilience, children ideally require: unconditional love and acceptance some autonomy over their lives trusting relationships with significant adults feelings of independence secure relationships and strong role models to help foster friendships and commitment a safe and stable environment self-confidence and faith in themselves and their world.

All these things help to build resilience. Helping to promote resilience A child’s ability to build resilience is dependent on their age and stage of development. Babies and toddlers have limited physical and emotional competence compared with eight-year old. However, helping a child to feel secure and confident can begin at birth. For babies and toddlers: Provide safety, security, stability and nurture–physically, verbally and emotionally. Rock, stroke, soothe and cuddle often. Use words of comfort to calm. Allow babies freedom to explore in safety. Encourage toddlers to calm themselves.

Model optimistic and resilient behaviour. Talk with toddlers and preschoolers about what adversity and setbacks mean. Reinforce a child’s faith in their own problem solving skills. Set limits for behaviour and label the behaviour, not the child. Offer explanations regarding rules and discipline. Praise the accomplishment of tasks and milestones. Encourage independence. Help your child to recognise feelings and develop language to express emotions. Build on the security of trusted relationships. Source appropriate picture books from your local library. Know and work with your child’s temperament.

Help your child stick to a daily routine. For preschoolers and older children: Give unconditional support, nurturing and encouragement. Encourage and help your child practise calming strategies. Model self-esteem, confidence and optimism. Talk about appropriate behaviours. Encourage independent thought and action. Build on developing an emotional vocabulary and how to label feelings. Help your child to understand their own temperament and why they might react in a certain way to a particular situation. Practise effective ways to resolve conflict at school or in the playground.

Talk about ways that a child can seek help and assistance if needed. Spend time every day talking, discussing and sharing what’s happening in your child’s life. Model and teach attitudes of empathy and ways of caring. Explain that all behaviour has consequences. Provide comfort in stressful situations. Praise completed tasks, work well done, perseverance, desired behaviours. Discuss accepting responsibility for behaviour and why discipline is imposed to limit some behaviours. Clarify expectations, rules and regulations (especially for school).

Accept that failure happens and talk about ways your child can overcome feelings of failure and try again. Discuss and support emerging independence and autonomy as your child develops, and how this balances out with age-appropriate limitations. Be flexible with routines so that your child has time and opportunity to be creative. Teach your child how to focus on something else if they are worried or upset. Discuss what it means to be a friend and help your child to make friends. Explain the importance of eating properly, resting, exercising and self care.

Help your child to see that their individual accomplishments contribute to the well-being of the family as a whole. Why is important to teach them skills to keep them safe? Resilience is coping with change, and for many young children change can be stressful and scary. Helping a child to keep things in perspective and understand why change is an inevitable part of life, will help them to navigate and bounce back from tough times and move forward to better times. Wherever possible, ensure that children have unconditional support and stability from their family or caring network.

Great speeches offering practical solutions, optimism for the future and moral clarity can unify and motivate people in times of social conflict and racial division. Subsequently, an understanding of people and the world is developed, and a relationship between the voice and the audience is created. This profound level of optimism and hope can be seen in JFK’s Inaugural Address, and Jessie Street’s Is It to Be Back to the Kitchen? A relative distinctive voice is also significantly found in Anthony Burgess’ classic novel, A Clockwork Orange.

The compelling speeches display a significant level of hope and optimism by creating a distinctive, reasoning and humble voice that addresses issues of inequality and racial conflict; and by outlining their intention of unifying and motivating the nation in order to create change and a more prosperous future. This allows a greater understanding of people and the world, and can be compared to the ever-changing voice portrayed in A Clockwork Orange. John F. Kennedy once said, “I am not the Catholic candidate for President.

I am the Democratic Party’s candidate for President, who happens also to be a Catholic. ” In this single sentence, he uses a method of Aristotle’s persuasive speech making. One of the greatest examples of using rhetorical strategies is indeed John F. Kennedy’s inaugural address of 1961. JFK uses diction, syntax, and Aristotle’s method of persuasion in his inaugural address that not only made it uniquely his own, but made it undoubtedly one of the best, emotion-tugging speeches ever . He displays certain distinctive qualities in his voice that provide a unifying and motivating sense of hope.

Kennedy appears to be humble and reasoning, and offers practical solutions and optimism for the future of the nation through various discourses to establish his “good character”. As Kennedy was a powerful and authoritative figure of that time, he was able to create a profoundly influential and famous speech that not only captured the audience’s attention, but allowed a sense of hope, optimism and moral clarity in a difficult time. He does this through his range of discourses throughout the speech, including religious and cultural.

For example, Kennedy states that “the belief that the rights of man come not from the generosity of the state, but from the hand of God. ” By saying this, he suggests that “God” is not a religious stranger, but rather a trustworthy, like-minded leader. This technique opens the minds of listeners and allows his audience to be influenced and lead by his powerful directional voice. Through this masterful and influential voice, he both motivates and his audience on an emotional level and reassures them as to the reasonableness of his call to action on an intellectual level.

This opens a greater and deeper understanding of the world and the way in which directional and influential voices allow the world to remain optimistic and become unified in a time of social conflict and racial division. Similarly, opposite techniques are used in Jessie Street’s “Is It to be Back to the Kitchen? ” are used to achieve a similar outcome- through her influence and distinctive voice. In comparison to JFK’s Inaugural Address, in Jessie Street’s “Is It to be Back to the Kitchen? a distinctive voice occurs, in which Street addresses the nation in a much more straight-forward and uncomplicated way. This is a significantly powerful yet excessively prosaic speech that both unifies the nation, and offers a sense of hope and optimism in a time of social conflict and racial division. The strong and highly influential views of Street are conveyed through her distinctive unifying voice, and her ability to convey her message on the level of her listeners without seeming condescending or superior.

Street’s distinctive voice is highly prosaic, and possesses a somewhat conversational quality, that allows her to convey her powerful message at a deeply personal and casual level, that is straight forward and easy to understand. She also augments this by using rhetorical questions and repetition of questioning, and by addressing her audience directly. This applies throughout the entire speech. For example, when Street asks “Do you remember that one of the first things that the Nazis did when they came to power was to put the women out of the professions; out of the factories? or “Don’t you agree? ” not only is Street directly addressing her audience to reach them on a personal level, she is also using excessively prosaic language to come to terms with her audience and level with them in a reasoning way. By using this significantly prosaic and reasoning language, we are able to identify ways in which a message can be conveyed through everyday conversation, rather than by giving a highly thought-out and eloquent speech.

Similarly, the colloquial yet unusual speech of A Clockwork Orange is highly distinctive, and Alex’s vileness in A Clockwork Orange underlines the theme that human beings, no matter how depraved, shouldn’t be deprived of their freedom of self-determination. The State’s destruction of Alex’s ability to make his own moral choices represents a greater evil than any of Alex’s crimes, since turning Alex into an automaton ultimately sanctions the notion that human nature is dispensable.

Alex truly grows as a human being only in the last chapter, after the government removes his conditioning and he can see the error of his ways for himself, without the prompting of an external, controlling force. In contradiction to previous points made, this restriction and deprivation of voice In conclusion, when composers use distinctive voices in their texts they allow us to better understand significant issues in the world and the people in the world who are involved in these issues, which is the nation as a whole.

Great speeches offering practical solutions, optimism for the future and moral clarity can unify and motivate people in times of social conflict and racial division. Subsequently, an understanding of people and the world is developed, and a relationship between the voice and the audience is created. This can be seen clearly in JFK’s Inaugural Address, and Jessie Street’s Is It to be Back to the Kitchen? I is also highly relevant in Anthony Burgess’ classic novel A Clockwork Orange. These texts allow us to significant issues and the world and understand people and the world through the use of distinctive voices.

All my life I have had aspirations to become an ambitious and strong leader, I wanted to grow up and become the president of the United States of America. I had many dreams and hopes that would make the world I lived in a better place for the people of America.

That was all changed because of one man, my father. He was very old fashioned, he wanted me to follow in his ‘footsteps’ and have a ‘meagre’ job as a farmer. I hated my father, he was a cruel man. He was a heavy drinker – a dire alcoholic. In the end my mother and I had enough of his attitude and problems; he used to become very abusive and violent towards us for the smallest of reasons so my mother and I left home when I was only ten years old. I never heard from him ever again from that day on. I received word that he died a lonely death just last year but I must say that even so I am happy that he was alone after all the suffering he caused on .

Even Now I hate reminiscing about my child hood, I grew up during the cold war, I despised the fact that I could have been blown to pieces at any moment by a Russian nuclear weapon. I loathed the fact that I could lose my friends and the only family member I had – my mother at any second.

That’s when it happened, my mother passed away. She committed suicide. She took an overdose of pills, and to think I was only fourteen when this occurred. That was the moment I had no one in my life. All my family was gone. My mother just could not handle life anymore. She was jobless and we had little income. I had to work after school in a little caf�, clearing up the place just to earn enough money to feed us that night. I had to go to school and work at such a young age. Her life became unbearable then ‘click’ she was gone.

That was I had the burden of deciding my future, I had the choice of going back to live with my father or to stay with a foster family that had been found for me to live with. I did not want to live with my father because he would oppress me again. I decided to live with a foster family.

My foster father was a colonel in the army so he would always be away working with the government. My foster mother was always at home, she would always tell me amazing stories about her husband and how he was helping America. I appreciated the way she looked after me, and having a foster father who you could look up to and respect was for me truly inspirational. He was the father that my real father could not be. My foster parents encouraged me to follow my dream. I studied and excelled in my work so that one day I could live my dream as a reality and lead America in to a free and peaceful tomorrow. I have almost fulfilled that and can not begin to show my gratitude towards the people who raised me into what I am today. Through all of that though I will never forget my real mother. For her I will become the most patriotic man to walk America.

Use of Movement

For the opening of the monologue I am going to be positioned near to the corner of the room. I will slowly walk from the corner towards center stage at a diagonal. My facial expression should be firm and strong with a hint of vacancy. When delivering the opening I would inhale deeply so that my chest will push outwards. Facial expression should show some what pride and slightly joyful when speaking.

Slowly walking towards the audience for the delivery of the second paragraph. Moving upstage in a straight line. Now with a slightly more grimace tone on my face. When speaking I would be using powerful arm gestures throughout the paragraph. The arm gestures are to be what seems to the audience random, jerky and fast. Ideally when mentioning the facts about my father I would use powerful arm movements.

Now I should be walking backwards in a straight line but slowly while delivering this paragraph, I should return to the position at the centre of the stage where I delivered my opening from. My facial expression should be very strong and firm showing my anger but with a certain amount of fear and concern. Showing anger by frowning at this stage will affect the drama positively. Arm gestures should be made specifically on the phrases ‘blown to pieces’ and ‘loathed’. When speaking I would be looking down slightly towards the floor.

At centre stage before the performance I would have set up a chair specifically for this paragraph. With a bereaved expression, this paragraph is to be acted out while seated. Having my head in my hands would highlight the emotion with me taking my head out of my hands after each sentence and looking up at the audience.

For the final section of this monologue, I would again come towards the audience in a straight line. Slowly getting closer with each word and using arm gestures such as clenching my fists throughout the paragraph with tense but sustained movements. Positioned upstage at the center where I would become noticeable to the audience. Then to end I would finish with a freeze with my hand placed over my heart, with a still and strong finish sustained.

Use of Voice

The prologue to the monologue should be started in a very proud and optimistic tone, with particular expression put on the adjectives such as ‘ambitious’ and ‘strong’. The opening should be at a medium pace but at the same time calm and smooth whilst expressing a joyful opening.

Now with the second section bathos – a change in tone should occur. With the emotional content in this part, the tone should change to sad. I would change my voice so it is in a hurried fashion. While sadness is shown at particular points when concentrating on the words ‘footsteps’ and ‘meagre’ sarcasm should be shown. The paragraph should be sharp and at a quite heavy and loud tone but maintaining the emotion at the same time. A protective tone of voice should be adopted when talking about your mother and yourself becoming subjects to violence. When mentioning that you were happy when your father passed away, a glimmer of hatred and evil would affect the piece positively.

When speaking here a similar tone should be maintained as the previous section. Here concentrating on how your childhood had burdens. Subsequently expressing your self through exaggeration when talking about being blown to pieces b a nuclear bomb at any moment. With jealousy expressed when using the word ‘loathed’.

This part of the monologue should be performed in a lethargic tone of voice. Speaking slowly with a twitchy voice after every few words or so. Contrasting the first paragraph drastically. Stressing on the points of your mother dying and having a job and school to consider, using deliberately pessimistic tone. With the humorous type of sarcasm when saying ‘click’ then she was gone.

Mood and tone are again contrasted from the last segment of the monologue. Tone should be a significant amount more formal and with signs of things becoming better for you. Fast pace but with optimistic tones present.

Pace should be built up for the conclusion with it going from a slow opening to the end to a climactic finish. Contrast again to the last paragraph. Tones of self belief and strongly sustained. Pauses after every sentence should be invoked. A build up is required for a dramatic ending. Optimism and varied loudness should be used until the last line. A dramatic impact with the uses of the emotions of pride joy but a hint of sadness. A calm expression of voice near the beginning would aid the build up. With a use of a loud voice at the end of the passage to highlight the end. The ending should not be conflicted with any sarcasm because it would ruin the stage for a grand finish with all of your energy inputted into it.

Impact on Audience

With the opening I want to project the mood of pride and optimism. The audience should get the sensation of a meaningful and joyous introduction. It should engage the audience in to thinking whether the monologue will be ”cheerful” or ”gloomy” in the simplest of terms. The voice should convey a message that it is an optimistic opening and is filled with happiness. The issue that should raise a question and again make the audience think is where I enter from. Why did I enter from the corner of the room? The reason v=being it has a hidden meaning of despair about it – the despair being obvious later on during the performance.

The contrast should stun the audience. With the sarcasm and cruelty with speech it should make the audience feel pathos for me. The movement towards the audience should show tension. I want to communicate the feelings of hatred and anger through my voice so the audience can see that their first possible impression was wrong. I want to show them the frustration that has been built up in me for years. I am projecting myself to show them that I am furious about the past.

I want to convey and portray my fear. Again a slight contrast to the previous paragraph. Even though fear and jealousy are invoked, at this point I want to try and make the audience feel what I feel – all the tension and fear from the war. I could make the audience involved by particular messages and use of body language.

The audience should feel my emotion and feel they have lost something when they hear my tragic story of losing my mother. I want to portray a grieving relative / family member, but show the variation with the slight sarcasm with the ‘click’ section. This has a deeper meaning – the audience may realise certain sarcasm.

The burden upon me of choice should reflect the previous paragraph; I want to communicate the idea that still life for me is all hardship.

The final paragraph should show the audience that there is a light at the end of the tunnel. It shows the variation to them that can be seen throughout the piece. It should make them see that life is a virtue and that not everything is bad. Inspirational things can happen to anyone. The contrast is my method of acting out and showing to the audience a broader variety of emotions, language and movements. Belief and patriotism is another point I am trying to convey through the use of my language – this is shown when talking about my foster father and my dreams to turn America in to a peaceful country. The last line and sustained freeze would make a bold point by giving the piece a climactic finish and endeavour the audience to really see the provocative emotions used; in turn causing the audiences provoked reactions and mixed feelings to the piece. The object of my monologue was to convey many messages about voice, movement and dramatic performance in drama.

TBLS Week 1- TBLS Assignment BC1030X: Medical Terminology and Healthcare Setting & Claims Processing (7-30-2012) Section 13 Melissa Brown | Doing the exercises allows us to really look at how we can determine our future by enforcing positive thoughts and “self-talk”. OR we can destroy all possibilities by succumbing to negative” self-talk. ” Today I made a conscious effort to push out of my head any negative “self-talk”. While I enhanced the positive “self-talk. ” Doing both exercises allows me to really see the effects of both.

I had never realized how my thinking and attitude plays such a vital role in every aspect of my life. The exercise allows me to see how I can take control over my future and even my today. How do I see myself? Well, self-examination allows me to see how my personality can positively affect others and more importantly… myself. I am making an effort this entire week to use nothing but positive self-talk, action, behavior in every aspect of my life. I never realized how much a negative attitude, disposition and outlook affects me as a person. I have been unemployed for almost 4 months.

I thought I had a job however, something went wrong with the drug test or background test and I just know they are avoiding me. I never heard of any test that takes a month to come back, so I assumed something went wrong. However, I just decided to keep putting in applications and I refuse to allow that to get me down. Positive thinking allows me to keep going with a smile on my face. I am grateful because I have a family that chips in and we will be ok. I found out what is necessary and actually what isn’t a necessity. And we are doing ok. I accredited God for that.

So in that aspect a positive attitude allows me to wake up in the morning with a plan of action and I am actually enthused about it. That enthusiasm allows me to stay positive, think positively and make my day a pleasant day with all kinds of new possibilities. How I feel about myself inside reflects how others will see me. A smile can be contagious. If I am positive others around me will be as well. Self-examination and having control of our thoughts is something that I am sure with practice I can master. We will always have challenges and obstacles.

I have learned how we see them, deal with them and behave plays a vital role in the overall outcome. I have faith and devoted to the most high, as a servant I believe that he gives us the empowerment to control ourselves in a manner that allows us personal growth, strength and control over ourselves. We can benefit by staying positives self-examination, and correction and that is shown in our attitude, behavior and focused on our goals. Exercise: TBLS-self talk snapshot What’s going on up there http://www. positive-thinking-for-you. com/positivethinking. html