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George Soros Does it Again Not for Gain

The saying goes that you cannot keep a good man down. And, even though George Soros is in no way down, recently his presence goes far more strongly following an absence. Something like an avenger for the rights of oppressed communities, he shows a most appreciated dedication to the Democratic Party. This dedication comes in the form of major financial backing and political advocacy.

A good part of his support goes to Hillary Clinton and other democratic members of government. And, even though the amount of support he gives in the past few presidential elections honestly breaks records, there is yet another trend that should be pointed out. The amount that this one man gives remains steady, reaching into the multi-millions. Learn more about his profile at Forbes.com.

Politics are not just the only thing that George Soros keeps his eyes on. If fact, there are different gatherings and conventions of the party he supports that he cannot attend. As important as political tides are, he also has to keep his eyes on economic phenomenon that can act up just as often as politics. It is all about doing what is right and what makes sense when it comes to his motivations, actions and outcomes.

And really it is not even about supporting any one democratic presidential candidate or standing up to President Donald Trump himself. Which by the way, he is not afraid to do either. It is more about making sure that justice is alive, well and in action when it comes to the reform of social institutions such as immigration and criminal justice. He is also very passionate about religious tolerance. And, he is most definitely against the works of ISIS (Islamic State in Iraq and Syria) only because he sees fearing mongering involved with what they do. Everyone who knows the man states that he is already doing more than his fair share of work for the rights of others. He certainly does enough and has been doing so for a while now.

Some people even go so far as to say that he makes more of a political difference than any other person on the planet. A bold and brash claim that may be, but he does try his best and has a track record of doing so that trails over decades. However, when one is as good as it gets for so long a, little bit of an ego from time to time comes with the territory.

Read more: http://www.investopedia.com/university/greatest/georgesoros.asp

It is simple; this man has a history of having a strategy in life where he saves the best for later. In that sense his work is only half done. Now that he has the fortune to do whatever he wants in life, there is no other choice left except to want to do what does right by other individuals.

Read more about George at The New York Times.

CEO Tim Armour Says Using Actively Managed Funds Makes Sense

Warren Buffett’s long-standing advice to investors is to buy a passively managed fund that follows the S&P 500 as no other strategy offers the same returns.

The Chairman and Chief Executive Officer of Capital Group, Tim Armour, doesn’t believe it’s as black and white as that and that having actively managed funds as part of your investment portfolio does make sense.

Most actively managed funds cost investors too much as they have high fees and trade stocks far too often. Tim Armour says that is not how all of them work, though, and you can find an actively managed fund that has lower fees and a reasonable amount of trades. The key, he said, is to also find one where the hedge fund manager has his own assets in the fund he is managing as those have much better returns. He also said that passive funds have no protection from falling markets, which he said is often overlooked.

Tim Armour, who lives in Los Angeles, California, was elected as the Chairman of the Board of Directors at Capital Group in July 2015. He was named, in accordance with the succession plan in place, after the untimely death of the former Chairman, Jim Rothenberg. Mr. Armour has spent his entire 32-year career at Capital Group and continues to serve as a financial adviser.

This isn’t the first time that Tim Armour has written about the virtues of actively managed funds. He has said before that investors shouldn’t settle for average returns. He has said that investors need to find a fund manager who “earns their keep” but finding stocks that are more valuable than their currently priced at. This strategy will lead to superior returns over the long-term. He has encouraged people to find these managers as it is the best path to financial success.

Learn more about Tim Armour: http://www.reuters.com/article/us-americanfunds-armour-idUSKCN0HY0EN20141009

Untapped Resources: David Giertz Has Some Ideas on Planning for Retirement

Mr. David Giertz, a Senior Vice President at Nationwide Life Insurance Company in the financial distribution and sales department, recently discussed, with a Wall Street Journal reporter, the fact that a study revealed his representatives are not talking to customers about their Social Security income. Mr. David Giertz reveals that their survey, of the Nationwide reps, shows that not enough reps are talking to their customers about what will be a large piece, to varying degrees, of most all client’s retirement plan. Mr. Giertz contends that it is important to think about this, and it is being suggested that clients will leave if they are not spoken to about the value Social Security income will have in their overall plans.

The data at https://about.me/davidgiertz indicates that Social Security could be as much as 40% of a client’s retirement portfolio, and if client’s feel that their needs are not being met by an advisor who is not considering Social Security as part of their retirement planning, they will likely go to a firm that is considering those funds when helping clients plan for retirement noted on angel.co. The funds paid into Social Security have to be drawn down on, regardless of whether a client wants it or not, and those funds are going to be paid out, at the very least, under the auspices of required minimum distributions (RMD).

The discussion on Twitter about what to do with RMDs is an important one to have with clients, and this is going to help them make use of those dollars. Most people don’t even plan for it, and when they start rolling in, they’ve no clue what to do with the funds. Invariably they let the deposits build up in banks. This poses 2 problems for a company like Nationwide: the first is those dollars could be being invested rather than sitting in a bank account, and the second is that someone at that bank, who works in the exact same capacity as an advisor at Nationwide, will definitely harvest those funds for investment opportunities. On that note, Mr. David Giertz is indeed very smart to start to address the issue with his representatives.