Monthly Archives: November 2018

Paul Mampilly Talks His Wall Street Exit

Investor and entrepreneur, Paul Mampilly, made a name for himself helping major financial institutions such as Deutsche Bank and ING, maximize their earning potential, particularly during uncertain financial times. After graduating from Montclair State University in 1991, Mr. Mampilly joined Bankers Trust, where he worked as a portfolio manager, and later enrolled in Fordham University, where he garnered a master’s degree in Business Administration. His uncanny investing acumen eventually earned him the attention of a number of financial powerhouses, eventually landing him with Kinetics Asset Management, where he managed their hedge fund, growing its assets to $25 billion. Despite his many successes in the fast-paced world of Wall Street, Paul Mampilly eventually sought change, deciding to use Paul Mampilly’s financial expertise to help average American citizens. This led to him joining Banyan Hill Publishing in 2016, where he works as the senior editor of Profits Unlimited – a monthly newsletter that has garnered over 90,000 subscribers since its inception.

Although Paul Mampilly has stepped away from Wall Street, he doesn’t consider himself retired, and along with his work at Banyan Hill Publishing, he is still a very active investor. In this “semi-retired” state, it is important that he remains productive, and despite his career change, he continues to follow the same routine that he initially implemented over 15 years ago. Each morning Paul Mampilly wakes up at 5 am and begins by referencing his most trusted news outlets, tracking the changes across the North American and international markets. Since joining Banyan Hill, he’s begun placing increased emphasis on stocks that concern his Extreme Fortunes, Profits Unlimited, and True Momentum trading services. In order to bring his ideas to life, making the most pertinent recommendations for his audience, he spends in excess of 30 hours on each prospective stock, before investing an additional 20 hours in constructing the actual recommendation. By taking this extensive time, while also implementing real-life scenarios, he is able to create a complete picture of the stock, making it easy to grasp, and, hopefully, lucrative. In the future, he plans to focus more heavily on the budding sectors surrounding the internet of things.

To know more click: here.

The rise of GreenSky as a lending partner

GreenSky Inc. is a leading fintech in the world. It provides financial solutions to the high number of customers that are in need of financial solutions. The business model offered by this company is one where merchants have an opportunity to give loans to their customers through the services of the fintech. The main customers of this model are in home improvement and health industries. Merchants offer low-interest rate loans to the customers, a factor that helps them to drive sales. A homeowner might be in need of home improvement services but cannot afford to pay the amount charged by the merchant in cash. The merchant can offer then a loan through GreenSky and allow them to get the services at no interest on the loan on the agreed repayment period.

GreenSky has been performing very well, attracting a high number of merchants thanks to the partnership between them and American Express. This fintech is simply the middleman in the business, they do not have any money to lend, but they connect the borrower to the lender. They make money through the fees they charge. They also take up the role of servicing the loan. Their charges are normally about seven percent of the amount transacted.

The partnership between GreenSky and American Express has boosted the number of merchants that operate through GreenSky. Merchants who have American Express membership can now serve their customers through the fintech’s services. This new model enables customers to purchase services or products they would not have managed in a paperless environment. There is no paperwork involved in the application of the loan.

The major obstacle to the growth of GreenSky has been the number of merchants operating through the platform. Early 2018, they only had 12,000 merchants, which is quite low for a business that would like to record better results. After the new partnership, this number has grown significantly. This fintech is attracting the attention of top investors in financial technology. They see it as the next big thing. In 2017, they moved over $3.8 billion in loan volume, which was a 30 percent increase from the previous year.

https://greensky.secure.force.com/portal/MerchantLogin

The Story Of Businessman Hussain Sajwani

Hussain Sajwani is a businessman and the owner/founder of DAMAC Properties, which is a real estate development company. With Sajwani leading the way, the company has been able to expand and as a result, has made him one of the richest Arabs. The businessman started out from humble beginnings working for others before founding his very own brand and he admits that working for his parents at a young age helped mold him into the talented individual that he is today. Hussain Sajwani then attended the University of Washington where he studied economics and industrial engineering. After a while, he got involved in catering, but then realized that he wanted to get into the real estate field as it was prospering during the time. The DAMAC owner started making projects in Dubai and then started to expand to other areas. With Hussain Sajwani’s hard work ethic and drive, the company has extended to the UK and the Middle East, along with his team expanding.

At DAMAC it is also a diverse company to work for as they have many people of different nationalities working for them and the owner believes that is a bonus and a great thing for them. The businessman knows that his company provides others with a grand opportunity to excel and flourish. The next goal is to extend the company to China, as he sees it as a big opportunity and one that could take his company to the next level. The entrepreneur, like many others, agrees with the sentiment that failure is just something that will naturally occur, however, it is good to learn from it. Hussain Sajwani is invested in social media and in his spare time enjoys reading about history. Although he believes that experience is the best thing needed for an individual, he also believes in a solid educational background to thrive. The businessman also enjoys traveling and seeing new elements of different cities but sees the potential in real estate. A typical day for Hussain Sajwani includes meeting with partners for his business and spending time with his family, which he believes is essential. The entrepreneur is a role model for all.

 

SoftBank Acquires Fortress Investment Group In Plans To Expand Business In The United States

Around 2 years ago, Peter Briger, the co-chairman of Fortress Investment Group had a talk with Rajeev Misra about making a deal for the firm. Misra had been with the company until 1914 when he left to join the SoftBank Group in a senior position. The Softbank Group is a telecommunications group based in Japan. At the time, Briger’s company was being undervalued by the markets and he knew that the best decision for its future was to go private.

Soon after this conversation, a deal between Fortress Investment Group and SoftBank was made. SoftBank was founded by Masayoshi Son who hopes to turn his company into an international leader by expanding into technology and finance while keeping their communications focus. They believe that they will be able to use Fortress Investment Group’s network to create a financial services arm for SoftBank in the United States.

The deal between SoftBank and Fortress Investment Group will include Fortress being paid $3.3 billion for their company which will give $8.08 per share to their Class A stockholders. At one point, Fortress had been valued at $13.4 billion on the market before becoming undervalued. After the announcement of the deal, their share price rose by almost 29%.

Because of this deal, Fortress Investment Group will no longer be scrutinized by the public market and will be able to make financial decisions that will be good for the company on a long-term basis. One of the areas in which Fortress specializes in is their credit funds. In addition, they also manage traditional private equity pools. They have been able to find success in their bets for subprime loans even while they were having problems with their business in hedge funds.

By buying Fortress Investment Group, SoftBank expects to be able to make a stronger presence in the United States. SoftBank’s CEO is planning on investing $50 billion into business within the United States with a special interest in startups. These plans were discussed during a visit to Trump Tower where he was able to have a meeting with President Trump. Peter Briger and Wesley Edens are staying at the company after the deal. Wesley Edens Is an Investor With an Affinity for the Underdog

LinkedIn : https://www.linkedin.com/company/fortress-investment-group

The Chainsmokers Add Another Huge Accolade to List of Accomplishements

The past has once again caught up with the Chainsmokers. For the second time this year the duet of Alex Pall and Andrew Taggart have garnered high praise for previously completed work. The revolutionary DJ duo from New York has been having a great year so far. Not only have they released a stream of successful singles, but their first and only studio album nabbed third longest-running non-consecutive No. 1 in the dance category. This huge mouthful means that “Memories… Do Not Open” has remained in the top 10 for over a year, and that it keeps periodically topping the charts. If that is not enough now the band can boast a diamond certified single.

For those at home, diamond certification is granted to singles that go 10 times platinum. This means that globally the single has sold around 10 million copies. The single “Closer” was a huge hit for the duo and Halsey. The song was actually the breakout single for Halsey, who at the time was still relatively new. Recorded back in 2016 the single garnered a Grammy nom, numerous accolades, took the fourth longest runnning No.1 spot, skyrocketed the Chainsmokers even further in the mainstream, and apparently never stopped selling. Having a diamond certified single is a huge deal in the music world as diamond class is the highest current level. Pall and Taggart alerted their fans to the accomplishment via Instagram. They published pictures of themselves holding huge plaques encasing the physical version of the album. Halsey added her own photo showcasing her plaque as well.

The Chainsmokers have been mainstream since 2014. They first had a breakout with single “#Selife” and have since risen to prominence. Their first studio album was released in 2017 and they have yet to make another one. They are only four years old in mainstream years and they accomplished an astounding amount. Their original sound and refusal to play by normal EDM rules has set them apart. Despite moving forward and trying new things, people are still not tired of their older stuff. Great thing is they enjoy their new stuff as well.

https://www.youredm.com/2018/09/03/the-chainsmokers-say-their-quix-collaboration-is-coming-soon/