Leading Wall Street investors such as George Soros, Carl Icahn and Prem Watsa are pulling the polar ends of string, trying to decide whether to short or long the Trump Rally. According to an excerpt published in Forbes Magazine on April 3 2017, most investors are not sure if the market will continue to rally or plunge with billions at stake. Billionaire investor Soros and activist investor Icahn have in the past few months made short calls and maintained them, expecting a meltdown. Prem Watsa, on the other hand is hedging on the faith that President Donald Trump will continue to grow the economy after taking costly short positions in the past due to growing market apprehension.
Icahn whose hedge fund began losing huge sums of money in 2016 was appointed Trump’s special advisor on regulatory reform in December. Following his appointment, shares of his Icahn Enterprises short up 8%, before taking a 26% dive through the November 8 elections. In total, Icahn lost over $2.1 billion in 2015 and $2.13 billion in 2015. His long positions, mainly invested in oil interests lost 18% while the short positions gained 0.8% for an annual drop of 18% in 2016. George Soros famous for shorting the UK pound in a trade that netted him $1billion in 1992, bet against the stock markets during the election cycle, but the Trump Rally seems to have wiped out the losses suffered following his unexpected win.
Soros is currently actively trading through Soros Fund Management. His recent market moves include doubling his S&P 500 SPDR puts to 4 million and tripling his puts on iShares Russell 2000. The market rally has, however, forced Soros to revert his short position on S&P 500. Outside the stock market, George Soros is a great supporter of Hillary Clinton, the Democratic Party and philanthropy. His net worth is estimated at over $25 billion by Forbes. His philanthropic activities are largely focused on immigration reform, democracy, education and civil rights. In the run up to the 2016 US Elections, the billionaire investor dialed back on his political donations in a move signaling a new willingness to shape public policy.
According to a Politico article published on July 2016, Soros committed over $25 million to support Hillary Clinton’s candidacy along with that of other Democratic Party candidates and causes. The 86 year old, Hungarian born billionaire made the push after spending record breaking $27 million in 2004 in efforts to defeat President George Bush. Soros has been the subject of attacks from conservatives over his donations to support Democratic Party candidates and left leaning views. Before the elections in 2016, Soros accused the then GOP nominee for president, Donald Trump for bidding on behalf of terrorist group ISIS.
In 2014, at the age of 39, Mike Baur looked back on his twenty-year career in the Swiss Private Banking industry and concluded the time was right for a change. He was feeling ambitious, wanted to call the shots, and wanted to help new businesses get off the ground and grow. He knew the only way to do this was to enter the entrepreneurial world. Mike and his two partners, Max Meister and Oliver Walzer, co-founded the Swiss Start-Up Factory (SSUF).
SSUF is based in Zurich and seeks digital entrepreneurs. Their mission is to work with these startups and grow them into global companies that disrupt and replace traditional existing business models. The vision of SSUF is to create a premier startup accelerator program that provides the fledgling companies every service they need to get to the top. New businesses begin the process by applying for a spot at SSUF.
They accomplish their goals by using one to one mentoring, creating a collaborative work environment, and focusing on learning from the experience available through the network of experts. After moving through the accelerator and achieving success as a global organization, these companies, in turn, become part of the system.
In addition to SSUF, Mr. Baur also gives a portion of his time and effort mentoring Swiss youth entrepreneurs, and he is the Director of the Swiss Startup Association. Mike believes in the power of helping people grow personally and professionally. His theory is that helping others to find success creates opportunities by pushing whole economies in the direction that benefits everyone.
Mike’s educational credentials include an MBA from the University of Rochester New York and an Executive MBA from the University of Berne. After college, Mike began working in the banking and finance industry and quickly moved into positions of increased responsibility where he gained valuable experience.
Mr. Baur and his wife also believe in contributing to the community via charity. For example, in 2014 they donated $1 million to build the Center for Student Success at High Point University North Carolina where their child was attending at the time. Clearly, Mike Baur has a passion for helping others succeed.
Michael Zomber is a man of many passions. The playwright, author and producer recently appeared on the iUniverse podcast to promote his upcoming book, Shogun Iemitsu.
In his own words, Zomber discusses his highs and lows as an author and his love for the Japanese culture. He is also a foremost authority on Japanese weaponry and antique guns from all over the globe.
Michael Zomber says he has a passion for weaponry and has been collecting for over 40 years. He has quite a cache of weaponry that is worth a king’s ransom. He say he loves sharing his knowledge of weaponry. In fact, his expertise can be seen on The History Channel’s highly-acclaimed show “Tales of the Gun.”
In several of his novels, he displays his knowledge of weaponry and how it influences his writings. His latest work, Bushido, Soul of the Samurai, is critically acclaimed.
Imagine the horror of a hostage situation on a financial advice television show. The absurdity of the situation may permeate the events, but this does not make them any less terrifying. Not very many people are going to find themselves in the horrible situation of a hostage crisis. Millions of people around the world, however, have seen things play out in the Hollywood movie “Money Monster”. Audiences likely took the film’s themes as warnings. Financial advisors who are greedy do make enemies. In a microcosmic way, middle class investors who look beyond the narrative of the film and be more careful about mundane investment scenarios.
This is where the charming advice of Brad Reifler may prove exceptionally beneficial. Reifler, as some may already know, is the successful CEO of Forefront Capital. Reifler has decades of experience in the financial industry and he has helped many accredited – a.k.a. wealthy – investors put their money into high risk/potential high profit endeavors. Today, Brad Reifler has shifted his focus somewhat. He puts a great deal of effort and emphasis on helping the non-accredit investor. A non-accredited investor is defined by his or her net worth and is barred, by law, from being sold on certain costly and risky investments. There are pros and cons here. Those of meager means should not be putting $15,000 into a high risk private equity fund.
Reifler draws on his many decades of experience to point out concerns middle class investors should have prior to putting money into any vehicle. He suggests investors beware of fees, look at the totality of the wide spectrum of investments available to them, and to be leery of the risks associated with too much emphasis on the stock market.
Prior to running Forefront Capital, he oversaw Pali Capital and the Reifler Trading Company. His advice is worth listening to. Be sure to check out his official website for more.