There has been a remarkable shift in the United States over the past year, and for the most part, it has not been a change to be proud of. The election of Donald Trump by way of the tremendously flawed Republican party has fundamentally changed the way that the country is operating. Respect for the United States is at an all-time low as hate crimes rise and tax breaks for the enormously wealthy continue to be passed at the expense of the middle class. Through the nightmare that has been the Trump regime, a few powerful voices are designing to stand up and make a difference. Among those voices is George Soros, one of the most prominent progressives in the world. George Soros recently put his money where his mouth was in a big way when he decided to shift nearly the entirety of his wealth toward his philanthropic outreach campaign.
During the 2016 Presidential Election campaigns, many people were choosing to laugh at the concept of a Donald Trump presidency. Soros never cracked a smile because he understood how fundamentally dangerous someone as inept and thin-skinned as Trump could be to the power of the United States government. After supporting Hillary Clinton, Soros immediately shifted to the attack mode after Trump ‘won the election’, though the jury is still out if there was criminal meddling in the process. After Trump was elected, Soros handed $10 million to the Open Society Foundations, a progressive charity Soros’ operates, in order to make a statement. This statement would be further expounded as over the past year, Soros has given nearly $18 BILLION, yes with a B, to the Open Society Foundations.
Soros has never been shy about his philanthropic work and you could make the case that it will be the bulk of his legacy after he departs from the political world. The Open Society was created in 1979 as a foundation that sought to branch out and partner with grassroots and progressive activists all around the world. From working with the Roma people across Europe to the oppressed African’s who struggled during Apartheid, the OSF has been there ready to help. Soros says, “My success in the financial markets has given me a greater degree of independence than most other people.” Soros goes on to say, “This allows me to take a stand on controversial issues. In fact, it obliges me to do so because others cannot.”
Of course, Soros’ massive donation to the Open Society Foundation was immediately put under the microscope by right-wing groups looking for SOME reason to dismiss the progressive philanthropist. Right-wing political groups have been, for decades, trying to tear Soros down with some conspiracy theory or another so that of course meant that they would take aim at his prolific philanthropic outreach. There has been a continual demonization of philanthropy over the years, and in particular, when it comes to George Soros, that just does not check with reality. As one of the most staunch progressives in the world, as well as one of the wealthiest, this is a burden that Soros will just have to bear.
More Visit: https://www.theatlantic.com/magazine/archive/1997/02/the-capitalist-threat/376773/
Paul Mampilly believes too many average Americans are being misled by Wall Street and cable television business experts. His newsletter, Profits Unlimited is a tool for him to explain to this group how to start a portfolio without needing a manager.
Mampilly has made so many wise stock purchases in his time that he’s been able to teach investors the right way to pick stocks. Profits Unlimited has over 60,000 subscribers and is one of the fastest-growing financial newsletters in the US. Ideamensch decided to interview Mampilly to understand his story behind Ideamensch.
Mampilly explained that as a hedge fund manager, he saw a lot of people that could have used help they weren’t given by Wall Street. He had figured out how to make stock investing simple and believed he could help even the less-knowledgeable become versed in investing. He said one thing that pushed him to success in this field was his time working at a gas station and university cafeteria where he learned the values of hard work and pursuing higher goals. He believes in young people and says that the products they love will be driving investing trends, and in the midst of that is the “internet of all things.”
Paul Mampilly was born in India, and in 1991 he came to the US to complete his schooling. Once he accomplished that, he joined an entry level position at Deutsche Bank. He became proficient in client funds management at several other banks including ING, Royal Bank of Scotland, Bankers Trust and Sears. But then he joined the hedge fund Kinetics International while it was still new, and within just a few years it became one of the largest on Wall Street thanks to Mampilly’s investment knowledge.
Mampilly was the famous winner of Templeton Foundation’s investment competition in 2008 when he turned a profit for a $50 million fund into $88 million and did so in the midst of the recession. Not long after, Mampilly decided to retire though in reality he was going into business for himself. In addition to Profits Unlimited, Mampilly is planning to expand upon his newsletter with another titled True Momentum.
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Social Security accounts for an average of 40% of people’s retirement income, and yet most people don’t know how the complex rules affect the amount you receive. According to David Giertz, the President Nationwide Financial’s sales and distribution organization, “Those that turn on Social Security too early, they could lose up to $300,000 over 25 years.” Financial Advisors should be talking to their clients regarding social security.
In a study conducted by Nationwide Retirement Institute, they divided 900 people over the age of 50 into three categories, future retirees (people planning to retire within 10 years), recent retirees (people retired less than 10 years) and people that have been retired for over 10 years. 86% of the future retirees failed to determine the amount of benefits they would actually receive. The biggest misconception dealt with the age the person chose to begin collecting.
Although benefits are available at the age of 62, you will receive a lower payment if you start collecting before what they consider to be the full retirement age which varies between 65 and 67 depending on your date of birth. If you also choose to continue to work while you collect you could have to pay taxes on that income. Where as any income earned after you reach the full retirement age won’t be held against you.
Many people don’t have the option to wait past 62 to start collecting, either due to lack of savings, or unforeseen health costs or problems. 37% of the retirees in the study confirmed that health problems were the main reason they are not living the retirement that had initially envisioned. If you are able to wait, maximizing your Social Security is one way to help increase your retirement income. In fact, if you are able to wait to take your benefits until your full retirement age they grow by 8 percent of the full retirement amount each year.https://www.moneytips.com/insurance-agents/david-giertz-1
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Jim Hunt, successful financial analyst and strategist doesn’t want to see his clients living on a budget. Hunt insists that his clients live a high end lifestyle that will allow them to buy a new home, or purchase a boat, or save more money than ever before. VTA Publications is a part of his financial strategy in the form of a distance learning course that provides tuition assistance. VTA has over 5,600+ financial strategies with the option of receiving cd’s and tutorials. there are thousands of people that already trust the VTA Publications name for having proven strategies.
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Investment banking is important for many different organizations from corporations all the way to the government. They help numerous organizations to raise financial capital by acting as the client’s agent and can also help in mergers of different organizations. For example, if a corporation is looking to expand their building, they may need bond financing and it is the banker’s job to make sure that the company obtains the bonds. Bond financing allows the company to get the finances they need while allowing the person paying to be paid back over a period of time and with interest. What attracts many people to investment banking, though, is the ability to play on Wall Street. An investment banker also has the opportunity to help a company become publicly traded and create their initial public offering.
One major player in the investment banking world is Martin Lustgarten. He currently lives in Miami, Florida and is the creator and CEO of Lustgarten Martin, an investment banking firm. Part of the reason that it is so successful is his ability to communicate with his employees and customers. In doing so, he is making sure that his clients and customer service are the company’s number one priority. Even his social media sites are informative on different things with articles that focus on everything from “Ten Secrets of the Apple Store” to “The Best Time to Start Saving for Your Child’s College Education”. When not working with his private company, he enjoys vintage things, education, and juggling.