GreenSky Credit goes where the money is

If you were told that an entire industry had set about to achieve high levels of prosperity and growth by seeking out deals where the participants had no assets, jobs or income, you may think that you were either talking to some sort of crazy payday lender or someone who was just plain crazy, period.

Yet, that is exactly the strategy that many of the top companies in the fintech sector were attempting to follow throughout the late 2000s and early 2010s. Companies like OnDeck and Lending Club were apparently so high on their own supply of Marxist utopian drivel that they actually started believing that products like NINJA loans, micro lending and so-called community reinvestment would be sources of great financial prosperity. Their resulting thousand-foot cliff dive onto the rocks has been, therefore, somewhat unsurprising to more sober-minded observers.

GreenSky shows acumen and common sense

But there was one company that never bought into this left-coast propaganda. GreenSky Credit decided early on that it would follow proven money-making techniques. Taking the advice of John Dillinger to heart, GreenSky Credit went where the money was, not where it had never existed.

GreenSky Credit found transactions where everyone would win and where everyone was trustworthy, upstanding and solvent. The first niche market that the company concentrated on was the high-end home improvement sector. GreenSky didn’t even want to look at the lower end of this market. By concentrating on the top of the home improvement business, GreenSky had two very useful characteristics naturally built into every deal that it did.

The first was that almost all of the people looking to spend five or six figures to do home renovations are prime borrowers, meaning that they have FICO scores above 760. This, by itself, made it very easy for the firm to pitch its business to its major lending partners.

The second advantage is that, by focusing only on those doing high-end home renovations, the company’s borrowers were all but guaranteed to be seeing increases in their home values that exceeded the cost of the renovations. Unlike in low-end neighborhoods, where over-improving a property often ends up costing more than it adds, high-end home prices almost always benefit from significant improvements.

https://www.forbes.com/sites/greatspeculations/2018/09/05/greensky-now-looks-undervalued-given-strong-q2-performance-alliance-with-amex/#5d78658d5eda

Randal Nardone An Entrepreneur With An Eye For Investments

Randal Nardone an Entrepreneur With An Eye For Investments

Randal Nardone has always had an eye for business, but when he ventured into starting a company, he knew it would not be such an easy thing because of cutthroat competition that exists in the financial realm. Randal Nardone did not start out green in the industry as he was already well adverse with workings in financial sector and had been engaging with many clients in the past. Having a vision of bringing improvements that could lead his company into the top best performing private equity firms drove him to start Fortress Investment Group. He is currently the Chief Executive Officer of firm whereby he has contributed his vast knowledge into the development of the institution.

Randal did not start in the financial sector but studied law and earned a graduate certification, as well as a masters in the same field, from the University of Connecticut as well as Boston University School of law respectively. With time he worked for companies that gave him an insight into the financial world and a curiosity was formed whereby he worked to interlink  legal sector with the commercial field. As time went by he cultivated an interest in the business which ultimately led him to switch tracks and embark in a new career in finance.

Randal Nardone then went on to hold prestigious positions at Alea Group Holdings, Eurocastle Investment Limited as well as Springleaf Finance Corporation. Such an aggressive turnaround has led Randal to have an impressive career as he believes in putting in the very best in skill and commitment to ensure that all he attempts come into fruition. The expert  successful businessman that he built at Fortress attracted the attention of SoftBank Group which saw it put a deal in acquiring the firm. December last year saw the company being acquired fully by the bank and yet again proving that Randal Nardone had once again successfully led the company to a lucrative deal for him and the other principals. He joined Forbes billionaire list in 2007 and currently ranks at five hundred, and fifty-seven we expect more to come from this seasoned entrepreneur.

To Learn More Click This Link : www.crunchbase.com/person/randal-nardone

This why Fortress Investment Group stands to reap big in the digital industry after a deal with iPass

The internet age in the 21st Century changed the game for most businesses and companies. Today, any company that is worth its salt is bound to keep innovating and investing in technology because it is the future of doing business. Fortress Investment Group is the latest multinational company to do so, having put pen to paper on a financing deal with iPass. iPass is one of the top global providers of connectivity network, accounting for more than 64 million wi-fi hot-spots around the world.

This effectively makes iPass the leading provider of the most extensive Wi-Fi network. It gets better because their system supports all devices running SaaS( Software-as-a-Service), which means that users can sign in anywhere, anytime using any device. This technology has been tipped to be the future of doing business and networking . With Fortress now invested in iPass, it gives them an added advantage, given the future profitability of iPass.

According to Maravedis Rethink, more than 300 million Wi-Fi hot-spots will be available by the end of 2018 across all parts of the globe. iPass has strategically positioned itself in a position to take full advantage of the surging industry by coming up with unique products such as SmartConnect and Veri-Fi. As iPass CEO Gary Griffiths notes, the financial resources provided by Fortress will be a big boost to their projected growth. Fortress Investment Group financed iPass to a tune of $20 million, with $10 million being immediately accessible to iPass.

The move by Fortress Investment Group is a welcome gesture to the stakeholders of the company who now stand to make a killing in the future when iPass gathers momentum. With the digital revolution taking shape, companies with no digital plans will find it had to survive in the industry. Fortress is on the safe side and has made one step further by investing in the technology of the future.

More about Fortress

Fortress Investment Group, a wealth management firm was founded back in 1988 by Wesley Edens, Rob Kauffman and Randal Nardone. Since then, the company has grown to be one of the most trusted investment partner by hundreds of companies and individuals all over the world. In 2007, the company made history by being the first private-equity investment firm to go public and list in the New York Stock Exchange. To know more about the company click here.

Why Is It Important to Invest in Freedom Checks?

Recently, a video made by Matt Badiali instantly went viral. The video talks about freedom checks, but only a few people understood its message. It turns out, Matt Badiali is sharing a new strategy for the public on how they can gain additional income. He explained that these checks could be purchased for as low as $50 to $100 from master limited partnerships – or companies which have agreed to be under the Statute 26-F right after it was implemented – and they are required to provide these checks to the people who wanted to invest in it. Freedom checks are like an investment at the stock market, wherein if an oil or petroleum company that they chose to invest in profits a lot, they will be given a percentage of their income and the amount will be sent through check. The larger the investment, the larger the percentage will be. All Your ‘Freedom Checks’ Questions Answered. It is similar to how a dividend works, but those who have purchased these checks have a chance of getting thousands of dollar per month on their mailbox if they would start investing smartly.

Matt Badiali stated that purchasing freedom checks is not a scam, because it is backed by a law that was passed during the administration of President Richard Nixon. The law, which is more popularly known as the Statute 26-F, was passed by the United States Congress during the times when oil and petroleum companies are thinking of leaving the United States for a better chance of profit in other countries. President Richard Nixon never liked the idea, and he mobilized the United States Congress to create a law that would persuade the operators to stay in the country.

The lawmakers drafted the Statute 26-F, promising oil and petroleum companies of tax-free operations, only if they will be staying in the United States and if they will be providing freedom checks. The companies agreed to the deal, and those who remained where referred to as MLPs, or master limited partnerships. In the present, they are the ones who provide the freedom checks, and according to Matt Badiali, only a few people knew about this, and he wanted to give everyone a chance.

To know more click: here.

Juan “OG” Perez Spends a Huge Sum of Money on Birthday

According to an article by The Bro Talk, Juan “OG” Perez and rapper Jay Z had a fun night out to dinner to celebrate Perez’s birthday. Jay Z reportedly shelled out around “$113,000” for the close friend. The two are also business partners. The dinner costed around $13,000 along with another 9G for drinks and 91G tab for the club to celebrate his 50th birthday. The two, along with Roc nation executives spent the night in Midtown dining at an excellent Japanese restaurant. Lobster, steak, and sushi were served which accumulated to the price of 13 grand.

After that, the group went to a restaurant and nightclub attraction located in Inwood. The 9 grand bill for drinks was spent there with Jay Z ordering a special Cognac. The night ended with a 91 grand bill at the Playroom Nightclub as they ordered many bottles of champagne. The group reportedly split after having drinks but the Roc Nation executives continued to party well into the morning with champagne and rose. The celebration then went onto Snapchat with the huge bill at a whopping 74,000 dollars, along with the tax and a tip making the total 91 grand.

There is still some confusion as to why the group ordered so many bottles of champagne between 6 people only. Other bottles could have been handed out to others and that could be why they ordered that many. The irony in all this is the fact of Jay Z and the group enjoying champagne that the rapper owns himself to make him money and the viral videos on the party has created free promotion of Jay Z’s products to make him even more money in the long run. Jay Z and Juan “OG” Perez have a unique bond and lived the night out in style.

Tim Duncan:Houston’s Local Oil Wildcatter

Tim Duncan, Founder, and CEO of Talos Energy, has been referred to as a Deepwater Wildcatter. During one of the most critical moments in Houston’s History, Tim Duncan found himself having to evacuate his family to safety. The flood waters from Hurricane Harvey caught everyone off guard. Tim, arranged for a private flight to Alabama, where his family would be safe. Tim then returned to Houston to continue working and made arrangements to stay with his parents.

Duncan was in the middle of negotiations with Stone Energy, and could not put 4 months of hard work and $2.5 billion dollar merger on hold. When the Hurricane hit he was securing financing with bondholders Franklin Templeton Investments and Mackay Shields about restructuring over $800 million of combined debt. The merger will position Talos Energy to go public and the company will benefit from the offshore equipment and leases. When the merger is complete Talos will have acquired $2.3 billion in assets and $700 million in debt also positioning it to go public.

As wildcat bets go, drillers prefer the Permian Basin; where profits are assured for a short time, usually 2-3 years. Tim Ducan’s strategy is to take old wells and drill a little deeper; where the risk is greater and profits last decades. Talos energy will be able to produce 48,000 barrels per day after the merger. It plans on doing a lot more than that.

The Gulf Coast is one of the largest oil produces in the nation, more waters have been opened to leases. The political changes in Mexico and deregulation, have made exploration available to foreign companies. Talos struck gold in Mexico, the Zuma Field is one of the mega oil strikes in decades. “Grabbing that opportunity was 100% Tim Duncan,” says, John Bookout, who assesses energy plays at Apollo Management.

Paul Mampilly Retires To Give Investment Advice Through Banyan Hill

Paul Mampilly has accomplished a lot in his career, especially considering his rather humble beginnings in a small Indian village. At 42, his career in investing has lasted over the last decade and a half. During this time, he has held a wide variety of positions that have given him important insight into the world of Wall Street.

Paul Mampilly is a firm believer that investing doesn’t have to be limited to the elite anymore and encourages other to invest using his newsletter from Banyan Hill Publishing aimed at ‘Main Street Americans’. He and his advice have been featured on news outlets like Bloomberg TV, Fox Business News, and CNBC. With his new publication, he can spread his messages about investing to those who are interested across the United States.

His newsletter Profits Unlimited is subscribed to by more than 90,000 people. Before joining Banyan Hill Publishing Paul Mampilly was getting tired of helping corporations become richer while everyday people struggled to make ends meet. This is one of the factors that led him to retire from the world of Wall Street in order to get into the publishing industry. His newsletter consists of 8 pages that include a “model portfolio” or stocks that Paul Mampilly personally recommends to his readers based on his extensive research.

After earning his bachelors degree in business administration Paul Mampilly earned his first position of many in the financial industry at Bankers Trust Company. Starting as an assistant portfolio manager he quickly became a full portfolio manager before earning the position of research assistant after the company was acquired by Deutsche Bank. His experience at Bankert Trust allowed him to gain a lot of necessary experience that taught him the vital importance of research when it came to investing.

As his experience grew, he was able to move up the ranks even more and eventually was managing accounts with millions of dollars in capital in their portfolios under ING. After leaving ING he joined Kinetics Asset Management as a hedge fund manager. In this position, his portfolio eventually grew to contain over $35 billion in assets that he personally managed.

Read More : epodcastnetwork.com/paul-mampilly-on-trading-wall-street-for-main-street/

Jeunesse Global: Products for Both Mind and Body

Jeunesse Global is a young company that was founded by Randy Ray and Wendy Lewis. This company offers a wide range of products that include cosmetics, nutritional supplements and weight loss products. Jeunesse provides its products to over 130 nations around the world, and the company serves its customers from 32 offices across the globe.

 

Jeunesse offers its customers products that help to enhance the power of the mind, and products are offered for weight control and overall bodily health. One of the important product lines from Jeunesse is the ZEN line of products. This system is specially formulated to promote weight loss through a three-tiered system.

 

Those on the ZEN system begin with the cleanse stage which is designed to free the body from unhealthy toxins. The next phase is what Jeunesse calls the ignite phase. In this phase, true weight reduction begins as fat begins to fade away. The final of the three states is the thrive phase. In this phase, weight reduction is maintained.

 

In order to help promote weight loss, there are several products in the ZEN line. ZEN Fit is a fruit juice that contains important amino acids. ZEN Shape contains African mango seed extract designed to help promote weight control.

 


Jeunesse also makes available products to promote overall good health. One of these products in MonaVie Active. This is a blend of 19 different fruits that make up one great tasting fruit juice. The purpose of this product that contains acai, cranberry and pomegranates among other fruits, is to protect the cells against oxidizing stress.

 

Mind is a supplement that is specially designed by Jeunesse to help with memory. This product contains the important ingredient CERA-Q. This protein is developed from silkworm cocoons. Its purpose is to help with memory recall to enhance performance in social and business relationships.

 

These are just a few of the many products that are available from Jeunesse Global. Vitamins, cosmetics and youth enhancement products are all available.

 

https://www.jeunesseglobal.com/en-US/nv

Adam Milstein Hopes the Tragedies of the Past Do Not Repeat Themselves

It is important that humanity learns from their mistakes of the past according to Adam Milstein. Recently Adam Milstein along with dozens of scholars and philanthropists from all around the United States visited 6 key countries that were important in the events of World War II and the Holocaust. This trip gave the group of 100 an interesting insight into the cruelty that the victims of World War II and the Nazi party experiences during this tragic part of history. It also showed them that it’s possible that these events or ones similar to them could happen in the present day if actions are not taken in order to prevent them.

 

In recent years, there has been a dramatic rise in systemic racism, division, and discrimination in the United States and different countries around the world. While many people look at the past and think “Never Again”, they aren’t stopping to think about the fact that the events that led up to the Holocaust did not happen quickly. In fact, it took years of racism and apathy from other countries to become the horrifying tragedy that we know of today.

 

Unfortunately, many officials in the E.U. refuse to acknowledge any responsibility for their actions or inactions that led to the Holocaust, according to Adam Milstein. This refusal has a lot of similarities today as those who are witnessing hatred towards certain groups on both the Left and the Right refuse to acknowledge that their apathy could eventually lead to another tragedy on a similar or even greater scale. It’s important that the people of the world must recognize the events that are going on currently that have many similarities to the past must be spoken out against and actions must be taken.

 

Currently a managing partner at Hager Pacific Properties, Adam Milstein began his career as a sales agent in commercial real estate. After moving from Israel in 1981, he and his family began their life in the United States. In 1983, Adam Milstein graduated from UCLA with an MBA and has been working hard to achieve his goals for himself and his family ever since.

 

https://www.linkedin.com/in/adammilstein

Meet Louis Chenevert: The King of the Investment World

The success of Louis Chenevert has been something that the world talks about every day. Many firms are practising his mechanisms to manage their firms, and they have had great rewards.

Louis Chenevert is the former CEO of the UTC. When talking about the firm, his name must come up because he substantially contributed to the development of the company. The legacy he left in the firm will forever be revised to get tips of doing great in business.

The current CEO of the firm is also using some of Chenevert’s ways of running the conglomerate to see that he maintains the standards he set for UTC. Chenevert valued the well-being of his employees. During the recession period, he moved the idle engineers to other busy sites where their skills were valuable instead of conducting layoffs like other firms.

Louis Chenevert led UTC to invest in the future. He advocated for it saying that it was the only way the nation could be saved from another financial crisis. This might have seemed hard to comprehend at the moment, and a big risk to take but it has proved to be true. The UTC Company is speculated to be able to introduce more than 5000 innovation projects and absorb more than 25000 new employees.

The other beautiful aspect of Louis Chenevert is that he cared about the environment. He reduced the emissions of greenhouse gases as well as decreased the consumption of water. By doing this, the products of the UTC were accepted in many states. He encouraged the heads of other companies to do the same.

The other factor that contributed to the success of Louis Chenevert is the significant acquisitions he did for UTC. The purchases helped the firm gain leverage in the industry. For example, the GTF engine that he bought from Pratt & Whitney is currently being used in more than 14 airlines and 70 aircraft. The projects took the company 20 years to bring to reality, but it has propelled the firm. It also cost UTC $10 billion, but they trusted the decisions and guidance of Louis Chenevert.

https://www.bloomberg.com/photo/united-technologies-corp-ceo-louis-chenevert-/104967.html