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January 05, 2019

Monitoring The Mind Blowing Developments At Fortress Investment Group

The investment firm has diversified its investments over the years and that has earned it a position among the best performing in the industry. Its activities have earned it global recognition and was estimated to have an asset base worth more than $69.6 billion at the end of 2016.

Fortress Investment Group was established by Wes Edens, Rob Kaufman, and Randal Nardone. The management has always focused on adopting customer-oriented policies and that has led to an increase in the number of clients which currently stands at more than 1,750. Some of the portfolios at the organization include real estate, credit, and private equity. The company is public and is listed on the New York Stock Exchange.

One of the founders of Fortress Investment Group, Rob Kaufman, left the business to focus on car racing. He started his own company and has competed in many national races over the years with some of the best talents in the industry. A Japanese firm, SoftBank acquired fortress. The company has invested heavily in technology and has global recognition. It has invested in areas such as telecommunication, AI, and energy.

The acquisition deal was valued at about $3.3 billion and the money was received in cash. The decision about the merger was unanimously endorsed by all the stakeholders at the investment management firm and all the Class A shareholders received $8.08 for each share. The Fortress Investment Group shareholders were also expected to receive $0.09 for each share as dividends during the fourth quarter of 2016.

Some of the recent legislative changes prohibited the international firms to be part of the senior management in the United States. Therefore, SoftBank agreed to leave the management roles at Fortress Investment Group to the leadership team at the time of the acquisition which included Peter Briger, Wes Edens, and Randy Nardone. One of the conditions of the acquisition deal was that Fortress would continue to operate independently as the subsidiary of SoftBank. The headquarters of the company would also remain unchanged. The management of the Japanese company was impressed by the business model, personnel, and culture of Fortress and was optimistic that the partnership would be successful.

July 26, 2018

Cash is The Debt Killing King in Australia

The whole goal of getting out of debt is simplified if you are willing to cut up the credit cards and use cash only. This advice comes straight from the desk of Graeme Holm, Director of Infinity Group Australia. The financial service is backed by Mr. Holm’s 17 years of experience in the banking industry. He backs up what he says. His advice is summed up in the following key points.

 

  1. Stop Using Credit Cards – You must stop using credit cards because it all comes down to psychology and it is extremely easy to just spend the money when it is someone else’s.

 

  1. Cash is Simple – Everyone talks about getting on a budget, but if you are spending money and not keeping track of interest on cards, then it will quickly spin out of control.

 

  1. Don’t Buy on The Fever – If you cannot afford it then it should not be purchased. Many purchases simply are bought with emotion and this can be eliminated if cash is used alone.

 

  1. Consumer debt is bad debt – If you are spending money that you do not have, then it is almost impossible not to slip down the slippery rabbit hole of consumer debt.

 

  1. Technology can fail – You may walk around a store and get all your groceries in one basket. What happens if you get to the register and the machine doesn’t work? Fail again. Cash is technology fail proof.

 

  1. Extra change in the Piggy Bank – All those extra coins can quickly pile up and if you keep them together in one spot, then you will be able to have a nice payday after a short while.

 

The truth is pretty simple when it comes down to the math. If you are needing to eliminate debt, then you must stop putting yourself into more debt and get into a financially stable position. More debt is just more money that you have to pay back. So, go with cash and save yourself a headache and the heartache of being a slave to debt.

Learn more : https://www.propertychat.com.au/community/threads/infinity.27800/