Change Of Paths

Change Of Paths

 

This summer I encountered a conflict of interests when it comes to the projection of my Odyssey independent study. I worked for MaxCare Inc which is an organization for men and women with developmental disabilities. I had a great time during work, but I realized while I will always have a special place in my heart for those with developmental disabilities,  I do not want to make disabilities the forefront of my project. I learned through experience that I want to change the path of my Odyssey project to business. I spent many long days and nights this summer reading different books on business from simple novels like “Rich Dad Poor Dad” to the “Dhandho Investor”, which is a novel focused on the concept and pillars of value investing. I played out many “Investment Return Hypotheticals”, in the hypotheticals I would put a random percentage into the rate of return column, and put fifty years or more as the time period. The hypothetical mountain of money which comes from decades of compounding interest was part of the reason I looked so deeply into portfolio investing. I was very intrigued and didn’t mind reading books and listening to audiobooks to educate myself on the subject. This was a clear sign to me that I had found a true passion, I am not the type to read for my own leisure, so for something to push me into the world of reading it has to be quite special. After weeks of research, listening to audiobooks and podcasts on value investing, I came to a consensus that I am not yet at the point in my life to be making portfolio investments. Partly due to the fact that a minor is not allowed to make stock trades (Unless under an IRA retirement account), and partly because It's hard to generate decent returns with a small sum of money. I then turned my sails to a different realm of business, I am now spending my time researching the E-commerce market, which is quickly growing. Retail sales from E-commerce are projected to hit 370 billion dollars in 2017. Countless physical retail stores are going out of business due to the overwhelming convenience which online shipping offers. I’m in the Midst of testing different stores, and methods of going about creating an online business. While I would love to create a successful business, more importantly, I want to add value to people’s lives and make change through the platform of business.


 

Jake Blanchfield

8/25/17

Jake Blanchfield