Author: The Wealth Training Company

Bill Gross’s Tightening Derail Economy?

Bill Gross’s Tightening Derail Economy?

Posted by | May 19, 2018 |

Could Bill Gross’s tightening derail economy view have mileage? Bill Gross, co-founder for Pacific Investment Management Co (PIMCO) the world’s largest fixed-income fund (with $600 billion AUM) fired a shot across the bow of the Fed’s Open Market Committee (FOMC), which is in charge of setting Fed fund rates, when he said that the economy can’t support higher interest rates. “The economy can’t support higher interest rates” BILL GROSS But could Bill Gross’s tightening derail economy view be overblown? Bill Gross has been dethroned so let’s play devil’s advocate. When a money manager plays a tune on stage it...

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Mike Novogratz’s Crypto Optimism

Mike Novogratz’s Crypto Optimism

Posted by | May 19, 2018 |

Mike Novogratz’s crypto optimism remains unabated and it is no surprise. The former Goldman Sachs short-term bond salesman scooped up (while he was holidaying) $250 million in profit from trading in cryptocurrency during the course of the year (2016-2017) at the peak of the crypto mania. Mike Novogratz’s crypto optimism was recently reinforced when the crypto billionaire and Founder of Galaxy Digital Capital Management said in a CNN interview May 9 that it would be “almost irresponsible to not invest in Bitcoin”. But Bitcoin (what Mike Novogratz refers to as “digital gold”) has lost a significant 38.89% against the...

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Timothy Sykes – Investor Profile

Timothy Sykes – Investor Profile

Posted by | May 13, 2018 |

Timothy Sykes (April 15, 1981, Orange, Connecticut, US) is best known as the university student who made $1.65 million by day trading while attending Tulane University. Sykes is also an American penny stock trader and entrepreneur. Timothy Sykes had an early lucky break in life when in 1999 while still at school he used $12,415 of his bar mitzvah gift money and began day trading penny stocks. His return on investment would put to shame some of the big established money managers on Wall Street. At the age of just 21 years, Sykes managed to turn $12,415 into about $1.65...

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Mark Cuban – Investor Profile

Mark Cuban – Investor Profile

Posted by | May 12, 2018 |

Mark Cuban (July 31, 1958, Pittsburgh, Pennsylvania, US) is a businessman, investor, author, and television personality. He has a personal net worth of 2.6 billion USD and he is No. 211 on Forbes’ list of “World’s Richest People”. There is chatter that Cuban could become the next US President who replaces Trump. Mark Cuban Invested early in a dotcom startup, Broadcast.com which was sold a few years later (1999) to Yahoo for 5.7 billion USD. He is the owner of the NBA’s Dallas Mavericks,co-owner of 2929 Entertainment and chairman of the AXS TV. He is also one of the...

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Steven Schonfeld – Investor Profile

Steven Schonfeld – Investor Profile

Posted by | May 12, 2018 |

Steve Schonfeld is an elite trader. He has amassed a billion-dollar fortune by seizing on short-term market moves. His office is situated in an expensive part of town, Park Avenue and his usual business attire is a hoodie and white sneakers. His father was a fabric manufacturer. Steve Schonfeld founded a proprietary trading firm on New York’s Long Island, Schonfeld Group, in 1988. He fronted cash to teams that rapidly traded stocks and futures. By 2001 Steve Schonfeld employed 1,100 traders. But in recent years his firm morphed into a family office that resembled a classic multi-manager investment operation. Schonfeld’s...

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