Category Archives: Investor

Fortress Investment Group Agrees to Sale OneMain Holdings Inc.

Global conglomerate Fortress Investment Group agrees to sell their stake in OneMain Holding Incorporated for $1.4 billion. Fortress Investment Group has agreed in principle to the sale of OneMain to Varde Partners and Apollo Global Management LLC for $26 a share. Fortress is selling there 40.5% position in OneMain Holding and with this sale will be divesting a large subprime asset from their portfolio.

Fortress Investment Group has made extraordinary returns on investment by investing in subprime lending and other alternative asset vehicles. Currently, Fortress Investment Group has more than $30 billion in assets under management for their individual and institutional clients from around the globe. Their executive team consists of Co-Chief Executive Officers Peter Briger and Wes Edens who leads the company into its various investment opportunities with a high level of analysis and evaluation expertise that generates excellent results.

Peter Briger, in particular, runs the Fortress Credit business by capitalizing on various alternative asset classes that are distressed, underperforming, and illiquid opportunities that generally translate into very profitable investment endeavors. Wes Edens the current co-owner of the Milwaukee Bucks is also an innovator in the alternative asset industry and provides guidance over the private equity and other capital investment opportunities. The investment in OneMain Holdings was one of the opportunities for Fortress Investment Group to solidify its position within the subprime lending category.

OneMain Holding Incorporated specializes in providing subprime loans to the general public that have less than perfect credit dynamics, which is encompasses most of the general population and provides needed capital for regular individuals nationwide. OneMain also specializes in loans for operating funding for small business owners to continue and expand there their business with the necessary capital resources. With the guidance of Fortress Investment Group and their intellectual resources, analysis, and evaluation capabilities OneMain has progressed into a premier subprime lender in the nation. Fortress Investment Group was sold to SoftBank Group a global technology firm that specializes in internet service, telecommunications, AI, robotics and other specialized technology innovations that are propelling the world into the new information revolution.

As a subsidiary of SoftBank Group, Fortress Investment Group continues to make strategic insightful decisions that provide their clients with lucrative returns on investment. The sale of OneMain by Fortress will be the loss of a major subprime lending company from their portfolio but will generate a great return on investment with the $1.4 billion purchase price they will receive.

Peter Briger at Fortress Investment Group continues to provide high-level analysis and evaluation skill sets that are translating into exceptional opportunities for profitable windfalls for the organization. The shrewd decisions to buy underperforming and distressed companies is done by Peter Briger and the other knowledgeable professionals at Fortress that provide the intellectual leadership and experience to translate the organizations into throbbing profitable companies.

Peter has created a blueprint for generating high rates of return for investment companies. The sale of OneMain Holdings Incorporated will provide Fortress Investment Group with additional capital resources to re-invest in other distressed opportunities and capitalize on those investments by providing exceptional opportunities for larger returns on investment for its clients.

Read More: www.crunchbase.com/person/randal-nardone

Don’t Believe Naysayers On Microchips, Paul Mampilly Says

Paul Mampilly is pretty enthusiastic about the idea of people get microchips installed in their bodies, often referred to as getting chipped. Companies like Three Square Market are already implanting chips into employees. With a chip inside of your finger, life becomes easier. You can do things without needing your license or wallet. The employees at Three Square Market can purchase snacks without a card. They can also open doors and use copy machines without needing their security cards.

Of course, there are people who are voicing concerns about it. However, Paul Mampilly says that there will always be naysayers who are pessimistic about new technologies. Think about email. CNN at the time had disdain for it. The same goes for things like cell phones and text messaging. The same goes for Facebook and Twitter. When they started publishing books, there were pessimists as well. Paul Mampilly believes that you have to take what the media says with a grain of salt. You can not always shy away from new technology. He believes that as the technology gets better, these concerns will no longer be valid anyway. In addition, Paul Mampilly believes that constantly opening up your wallet to use your credit cards may not be that safe either. The credit card companies know about every purchase you made and where you did it. Facebook knows who your friends are. Amazon knows what you like to buy. So much personal information is stored on our cell phones. Privacy concerns about microchips are not really that valid compared to what already exists. We already use technology that is similar to microchips, such as the EZ-Pass technology. At the end of the day, the financial sector will experience a revolution because of technology. Microchips will offer people a way to avoid the stress of constantly needing certain documents. They won’t have to bother reaching for their wallets dozens of times each week.

Paul Mampilly actually added stocks related to this market to his Profits Unlimited Portfolio. The stock that he added rose fifty percent since then. He believes that more and more companies will continue to invest in this technology and that stocks will continue to rise.

Paul Mampilly graduated from Montclair State University and Fordham Graduate School of Business. He headed the Kinetics Asset Management hedge fund, called the best in the world.

Paul Mampilly info: medium.com/@paulmampillyguru

David Giertz the Financial Advisor For the Young Generation

David Giertz is a renowned motivator and financial advisor. He has gathered 30 years of experience in financial services. He attained his Bachelor of Science degree from Millikin University, Illinois. Later, David proceeded to acquire a master’s degree in executive MBA from the University of Miami. Currently, David serves at Nationwide Financial Distributor as the CEO.

David began his career in1989 at Financial Horizons Security Corporation. In 1991, Giertz worked for Citicorp Investment Services before joining Nationwide Investment Services Corporation in 1999. In 2003, he was promoted the senior vice president. David Giertz is a certified agent via the State Securities Law Exam. David participates in several community-based organizations. He has chaired the board of trustee with Millikin University and serves on Budget and Finance Committee.

His Advice

However, David Giertz has advised the younger generation on how to prepare for retirement. He acknowledges the fact that most millennials from as young as 22 years of age are saving for retirement purposes. He identifies the disadvantage of the young generation being misinformed on the various ways available to save for the retirement period. David gives guidance to the millennials on how they can affect the cash meant for retirement.

First, is to assess one’s financial fitness to ensure that savings and other things are satisfied. David encourages individuals to settle the cash owed such as car loans or student loans or credit cards as quickly as they can. Being fast on debt payment creates ample time for a person to save. Second, the compound interest benefits should be considered. According to Giertz, this is one of the wisest methods when one intends to put cash aside for retirement. He advises the millennials to consider retirement plans like Roth IRA and advantage of compound interest technique.

Lastly, David advises the millennials to engage on side jobs. The job should be done during an individual resting hours. The income from a side job can significantly supplement the primary income and in the long run, cater for retirement savings. Side jobs may arise from interests or talent whereby the rate of job goals achievement increases.