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George Soros: Investment Mogul Turned World’s Largest Philanthropist

George Soros: Investment Mogul Turned World’s Largest Philanthropist

George Soros’s life is a story of humble beginnings, with an affluent, happy ending. In September 2015, Forbes ranked Mr. Soros, as the 21st richest man in the world with his current net worth estimated to be a whopping $25.5 Billion. George Soros was born in August 1930 in Budapest, Hungary. He immigrated to London in 1949 after surviving the Nazi occupation of 1944-5. George Soros enrolled in the London School of Economics, where Soros, supported his studies by working as a railway porter and a nightclub waiter. He graduated in 1952.

Soros is genius in investment was evident after a short stint with his first employer F.M Mayer, a Wall Street Brokerage firm in 1956. In 1970 George Soros, by now a prominent investor in the capital markets, started Soros Fund Management which is currently known as Quantum Fund Endowment.

Philanthropy is George Soros middle man. Presently his total donations stand at $12 Billion. He has donated to numerous charitable organizations through his Open Society Foundation which he founded in 1984. A generous donor, his contributions are in support of Democratic causes, education, medical, human rights, discrimination causes. Open Society Foundation is well known of its support for discriminated groups such LGBT, sex workers, and drug addicts. George Soros Foundations has charitable activities in over 100 countries. Learn more on discoverthenetworks.org about George Soros.

Soros has a heart for politics and is presently the largest independent donor. During the 2004 presidential elections, he donated $27 Million to John Kerry’s campaign, in a bid to oust George Bush over his stand on the Iraqi war. Though George Soros had publicly declared that he would claw back on his political donations, records at the Federal Elections Commission tell a different story. George Soros funded the Clinton presidential campaign to a tune of $25 Million.

Politics has always had a center place in his heart. George Soros understands that the government in power and some of the Democratic candidates he has funded can advocate and influence his causes all over the world. His other significant political donations include; $5 Million to a Super Pac associated with Clinton on Priorities USA Action, He also donated a similar amount to the Immigrants Voters Win, a super PAC that targets to increase the voter turnout of Hispanic immigrants to sway votes in the primary states. Learn more about George at Biography.

In 2005, he helped form the Democracy Alliance, a secret club of major donors. This time, the donations were channeled towards projects fighting against income inequality, massive money influences on governments and intellectual infrastructure.

Besides being an investments mogul, George Soros is a family man. In 2013, George married Tamiko Bolton, and he has five children. Soros is an author of bestselling books such as The Tragedy of the European Union, The Age of Fallibility, and Open Society.

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

Social Security and It’s Impact On Retirement Planning

Social Security and It’s Impact On Retirement Planning

The vice president of the sales and financial distribution in nationwide life insurance company David Giertz is one of the world known financial advisers. He took four major exams, General securities principal examinations, Municipal Securities principle, uniform securities agent state law examination and general securities representative examination between 1986 and 1994 all of which he passed. He started working at Money Securities Corp in 1988 and moved on to other insurance companies like The Mutual Life Insurance Company of New York, Citicorp Investment Services, Mony Securities Corp and Financial Horizons Securities Corporation before he ended up at nationwide life insurance in 2006. His commitment in his work at the company on Yolasite.com has borne fruits and is now one of the major vice presidents of the company’s subsidiaries.

Read more: Insurance Agent at Nationwide Financial Institution in Fort Lauderdale, FL

David Giertz is also a licensed broker and could work in any company whose business involves the sale and purchase of stock, bonds and other forms of securities. Apart from his leadership roles and his involvement in security brokerage, he also conducts investments advisory services. Most recently, he gave a talk on the mistakes that could lead to smaller retirement. Giertz is also of the opinion that if people take up social security too early they are likely to lose thousands every year.

In a column by wall street journal wealth advisor, David addresses the question as to why most of the financial advisors are reluctant to speak to their clients regarding social security. According to him, most of the advisors are not confident with the many social security rules. They also lack the understanding on the same and thus cannot elaborate something they do not understand to their clients. However, a recent conducted on people some of them retired and others a few years before retirement show that many of the people wish to discuss this topic with their financial advisers. Some of them would go as far as switching their advisers if they failed to do this simple task.

Learn more about David Giertz: https://angel.co/david-giertz