The Career Background of Randal Nardone

Randal Nardone is an experienced finance executive and attorney. He has been involved in the financial services industry for over two decades. During his career, he has started up two investment firms, managed another and also worked at a top law firm. With his unique background and experience, Randal has been able to have a solid career. His career success has culminated in acquiring a vast amount of wealth. Today, Nardone is one of the richest people in the United States. Forbes magazine has put him on their list of billionaires.Currently, Randal Nardone serves on the management committee of the investment firm Fortress Investment Group.

This position allows him to run the firm and make key business decisions. As well as being one of the members of the management committee, Nardone is also the co chief executive officer and one of the principals. He is also the co founder of Fortress Investment Group as well. Since co founding the firm, Randal Nardone has helped build Fortress Investment Group into a highly successful investment management company.Prior to co founding Fortress Investment Group, Randal Nardone worked at a law firm based in New York City. He spent a number of years working at the firm known as Thatcher, Proffitt & Wood. While at this firm, he served on the executive committee.

After working at this law firm for a number of years, Nardone decided to pursue a career in finance. He would co found Blackrock Financial Management and work as its principal. For a few years the firm was successful, but Randal decided to join UBS. At UBS, Nardone was its managing director.Randal Nardone has an extensive educational background. As a lawyer, Nardone completed law school and earned a JD degree. He would attend the law school at Boston University to complete this degree program. Before enrolling in law school, Nardone attended the University of Connecticut. While at this college, he majored in both English and Biology. He would eventually earn bachelor’s degrees in both fields. His educational background would help Randal start and advance his career in the future.

Is the Economy Headed for a Fall?

On February 5, 2018, venture capitalist and entrepreneur Shervin Pishevar went on a Twitter rampage that spanned 21 hours and 50 tweets. This sudden appearance was not just surprising for its randomness – Pishevar had been largely absent from public life since stepping down from Investment company two months previously – but for what he had to say about the state and future of the economy.

Buckle-Up, It’s Going to Be a Bumpy Ride

According to Shervin Pishevar, the strong stock market and sudden rise of Bitcoin are headed for a fall. He doesn’t predict that the crash of the stock market will be sudden. He’s talking about an aggregate, overall decrease of about 6,000 by the end of the year. The crash of Bitcoin will be more sudden and dramatic, but it will be able to make a comeback.

Several of these prophecies have already come to pass, and some seem to be looming on the horizon even to those who are unfamiliar with the markets and economics. Most notable among those predictions is the fall of Facebook. which recently had the highest one day drop in value of any corporation in the history of the stock market.

Shervin Pishevar bases these predictions on several factors that have been creeping up for a while and will converge around the same time. One is the overvaluation of stocks and bonds, the other is the artificial inflation of Bitcopin’s value. When investors realize this, the sell-off will lead to problems. Pishevar believes that the electronic currency will drop between $2,000 – $5,000 in value, but slowly regain much of it over a 24-month period. He is less optimistic about a recovery for the stock market, which has been Bullish to an unprecedented level for a record run.

Whether you have faith in Shervin Pishevar’s predictions, there’s no denying that he has been an influential and prescient voice in economics and investment for some time. His past record and foresight speak for themselves. Given the unsustainable trajectory of the markets these days, maybe we should listen.

 

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Financial Expert Jeff Yastine Gives the Lowdown on the Status of Amazon


Amazon has long been enjoying the benefits of dominating the e-commerce marketplace. Leaving its other competitors such as eBay and major retail websites far behind, Amazon ranks as the number one e=commerce center for people to buy a myriad of products online. We all know that products mean large amounts of profits over time, but according to financial expert Jeff Yastine–not for long. Visit kennedyaccounts.com to know more.

Why Jeff Yastine Thinks Amazon May Be In Trouble

During one of President Donald Trump’s tweets, there was a scathing message left to Jeff Bezos of Amazon. He commented that it created a disturbance in the retail industry and left a big hole in the physical selling of products in the market. Another former Walmart executive stated that Amazon should be going through federal anti-trust laws.

Another figure in Walmart, Bill Simon, mentioned that Amazon is not considered a business in the retail industry. He went on to say that Amazon is merely an entity that caused many retailers to suffer from the financial loss. Amazon cannot be considered competition for physical retailers, but merely a life-sucking predator that presents unfair policies.

According to Jeff Yastine, it is a given that many rivals would comment on the e-commerce success of Amazon. He believes that it is at a stage where physical retailers and their representatives are airing their concerns about Amazon, and he believes that it is only in due time that the e-commerce giant will undergo some major turbulence in its exponential success.

Jeff Yastine and His Opinion On Antitrust Laws

It is fundamental for any business to understand the policies of Antitrust. Jeff Yastine explained the case of Amazon, where the company gained a high level of success which resulted in a seemingly unfair advantage. Antitrust laws are made to help in making industries grow, to prevent monopoly, and to allow just business practices. There are some companies that dominate because of quality performance, but some companies may be at risk of monopolizing due to unfair business policies. Antitrust laws are basically made to protect free trade.

Free trade is not only beneficial for the consumer, but also for the aspiring entrepreneurs who wish to enter the scene. As the dawn of e-commerce has swept through America, Mr. Jeff Yastine believes that there will be more policies in the future to protect free trade. Read more: http://www.talkmarkets.com/contributor/Jeff-Yastine/

 

Ted Bauman Advice on Saving Money Under the New Tax Law

The United States Congress and President Trump gave the United States a Christmas present in December 2017 by passing the first major new tax law in many years. Many provisions of the new law affect primarily individuals. However, some of them affect the taxes of businesses. One of those was eliminating the ability of businesses to avoid capital gains taxes by making exchanges of physical assets under 1031. Effective January 1, 2018, only exchanges of real estate property are allowed under 1031. Therefore, financial expert adviser Bauman recommenced businesses making exchanges of physical equipment to finish those exchanges before calendar year 2018 began.

Another tax tip Bauman gave applies to single person businesses, especially those people who work out of their homes. Most of these businesses are sole proprietorships. However, Bauman says they can save money by forming limited liability companies. LLCs do function as pass-through entities if they’re owned by just one person. The business owners must still complete a Schedule C to calculate their business net income and a Schedule CE to calculate the Social Security taxes they owe. Those figures are carried forward to the appropriate lines on the 1040. IRS regulations allow these businesses to take various deductions that result in lower income, and, therefore, lower taxes. Check this article at Bloomberg.com for more information.

The new tax law that went into effect January 1, 2018 raised the standard deduction. Many experts expect that from 2018 on, most taxpayers will not benefit from itemizing deductions. That’s why Bauman advised those people to qualify for as many of those deductions as possible in December 2017 by paying mortgage interest and property taxes, student loan interest and medical services payments in 2017. For the same reason, he recommended people make their 2018 charitable donations in 2017 instead. People who live in states with high taxes such as California and New York could benefit from receiving more income from 2017 instead of 2018. This obviously increased how much state income taxes they will have to pay in April 2018, but that money is deductible from their 2017 federal taxes. Therefore, they still save money. That strategy does not apply to people who live in states with low tax rates.

Ted Bauman has made a lifelong career helping people retain their privacy from government intrusions on their freedom. As a young man, he emigrated from the United States to South Africa. During his career in South Africa, he served as executive to several nonprofit organizations.

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