Category Archives: Financial Leader

Randal Nardone and The Level of Billionaire Success He Is Now Enjoying

We can probably have as many articles we can read about Fortress Investment Group Co-founder Randal Nardone than we have time to read. Furthermore, many people would agree that the story that Randal Nardone can share to anyone is of high importance, especially because his experience has been well tested by time and has gone through a lot of trial and error risk-taking, which is the most superior and intelligent form of learning. It is also an added credence that Fortress Investment Group is one of today’s most successful asset manager firms in the world, and so what they flesh out regarding advice have higher probability of trustworthiness. Likewise, Randal has also been part of the Forbes Billionaire’s list, and who among those who want to earn more wealth doesn’t want that?

The Forbes List Position

It’s exciting to know that Randal Nardone has been ranked as #557 in Forbes List of Billionaire’s, with a net worth of around $1.8 bill. This is one of the greatest feats that not many can pull off, and the fact that he has done so while operating under Fortress Investment Fund’s brand is even giving more credence to the performance, reputation and net worth of the company. There are many narratives to explain this level of success of Randal Nardone. Some would say that this was because of his education at the University of Connecticut, where he took a Bachelors of Arts and Science. Some could even say that his stint at Thacher Proffit could have also been instrumental to form his training background to let him do his job well enough to rank in Forbes. Above all, it could also be said that he has a lot of good networks in the industry that helped him get to where he is. However, many would also say that it could be just Fate and Fortune that destined him to be there.

Other Boards That He Serves

Right now, there are four boards that he serves as a member, and these include Brookdale Senior Living, Gagfah, New Residential Investment Corp and Springleaf Holdings. All these board memberships have been helpful for him to get his expertise in areas that had not usually been receiving attention from him. All in all, with the kind of involvement that he has across a diversity of interests, it’s not hard to see why Randal Nardone has been seen by many as one of the most successful asset managers today.

Timothy Armour Goes Up Against Warren Buffet

Tim Armour, who is the chief executive officer of Capital Group, believes that Warren Buffet is wrong when it comes to his investment advice. Warren Buffet has confidence that investment firms are useless and has more confidence with his investment in an S&P 500 passive index fund.

It is true that there are over hyped mediocre investment funds, but most reputable companies are superior to a passive investment. It is also correct that expensive mutual funds no longer perform well due to the high management fees.

It should be considered that passive funds are very volatile since there is a lack of active short term management. This sort of investing can be seen more like long term gambling. Whether it is active or passive, a fund needs to be able to have a long term profit.

Read more: Capital Group Names Armour Chairman to Succeed James Rothenberg

Mr. Warren Buffett still relies on outdated information to knock actively managed funds. He says that 40-year long-term passive funds would have made way more than active funds, but the market has completely changed since 40 years ago.

In order for investors to make a great return according to Tim Armour, they must learn how to look for a good manager. They need to look for funds that have a high manager ownership to assure the integrity of the managed fund. They must also seek out low management fees since many funds have become out of control.

Timothy D. Armour is an investment professional that has the decade of experience in investing. All of his experience has been with executive positions within Capital Group. He currently resides in Los Angeles.

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David Giertz on Social Security Investments

David Giertz explains that advisers must discuss Social Security with their clients.A survey on of retired people and people ten years from retirement through the Nationwide Financial Retirement Institute found that most people reported their advisers don’t speak to them about Social Security. The survey also found most people reporting that they would switch advisers if they did not thoroughly discuss Social Security plans with them.

Giertz explains why some advisers might avoid the topic. He says there are over 2,700 rules in the Social Security handbook, and that it’s all very complex unless you have a lot of experience with that specific topic on Facebook. He also states that people who start using Social Security too early can lose out on as much as $300,000 over twenty-five years, being a loss of $12,000 a year, which would of course come to a $1,000 loss a month.

David Giertz is a financial adviser with over thirty years of solid experience. Mr. Giertz understands and teaches other people the best way to utilize their Social Security, and teaches them how to form an efficient retirement plan. He attended the University of Miami School of Business to obtain his Master of Business Administration degree. He obtained his Bachelor of Science degree from Millikin University in Illinois. He now serves on the Board of Trustees with Millikin University.

Mr. David Giertz has been the Senior Vice President at Nationwide Financial Distribution and sales since April 2013. David also serves in various other offices at Nationwide, such as Vice President of sales. Giertz is responsible for creating the strategy of wholesale distribution of private retirement plans. He also formed similar plans for life insurance.

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