Randy Ray and Wendy Lewis are two of the most renowned figures in the North American direct-marketing business. After having founded a number of highly successful ventures throughout their lives, the couple found themselves with more money than they knew what to do with. In the fall of 2009, the industrious couple, who had worked their entire lives, decided to take the plunge and dive into a life of retirement.
But it wasn’t long before Ray and Lewis realized that they had made a serious miscalculation. The couple simply was not cut out for infinite afternoons of cocktails and golf courses. They soon started longing for the fast action and the strong sense of meaning that being involved in the business world on a daily basis gave them. They started selling a few health and beauty products out of their home. Before long, the experienced entrepreneurs were spending 70 hours per week on their new enterprise.
This business, which Ray and Lewis soon named Jeunesse Global, was different from their previous efforts. The couple was no longer interested in acquiring great wealth. They had enough money that they couldn’t spend it all in three lifetimes if they each became profligate shopaholics. Instead, Ray and Lewis wanted to make a life statement. They wanted to create a company that would serve as a vehicle to create great products while also spreading real economic opportunity across the globe, especially to disadvantaged regions where people didn’t have the same kinds of economic chances as Americans.
The result has been a truly different and human-oriented company. One of the things that makes Jeunesse Global different from other competitors is the extremely generous compensation package. Distributors with Jeunesse have six different potential ways to earn. These can represent dozens or even hundreds of total income streams, all of which are isolated from each other.
At the same time, Jeunesse has developed one of the strongest product portfolios of any health and beauty company on the planet. Ask any of its distributors; Jeunesse products virtually sell themselves.
For more information, please visit the Jeunesse Global website.
In support of the short position taken by Kerrisdale with regards to St. Joe’s ambitious real estate plans, the investment company has issued a negative statement on the realtor. The report comes amid St. Joe Company’s surge in popularity that has seen the stock price quadruple. These developments have ignited optimism in the face of developers and led them into believing that the company might be heading in the right direction. Kerrisdale, however, casts serious doubt on St. Joe’s operations as well as the sustainability of the company’s business module.
The red flags
Kerrisdale goes ahead to highlight some serious investment pitfalls that every investor should carefully interrogate before committing their capital to the company. For instance, Kerrisdale points out to the fact that one of Quinstreet’s biggest investor, Fairholme Funds with a 30 percent stake in the company, might end up slicing this stake by half. The majority shareholder was recently forced to adhere to SEC liquidity rules thereby exposing the rest of St. Joe investors to the uncertainty of forced selling. Kerrisdale believes that the move might see the company’s stock price fall by more than 40 percent.
Additionally, QuinStreet has made little effort to prove its capability to enforce its master real estate plans. Channel checks by Kerrisdale point to the fact that the investor has made no significant efforts in enforcing their St. Joe land development proposals initiated close to a decade ago. Investors should, therefore, prepare to wait for returns.
The delays experienced with the development of the interior lands by the company cast a big shadow of doubt on the achievability of their now ambitious Panama City beach plans. Investors should note that a huge chunk of the Panama City Beach property lies in desolate and swampy areas. Its monetization is also based on an overly ambitious and its realization would only be feasible if the investment company sold more units every year for the next five decades in the district that were absorbed by the larger Panama market in 2017.
About Sahm Adrangi of Kerrisdale
Sahm Adrangi is the founder and Chief Investment Officer of Kerrisdale capital, a New York-based private investment firm. He is Yale University Graduate with a bachelor’s in economics. Before starting Kerrisdale, Sahm Adrangi worked as a manager at Longacre Fund Management as well as a bankruptcy restructuring specialist at Chanin Capital Partners.
Sahm Adrangi is known for being vocal about fraudulent companies. He uses his extensive knowledge to short them. However, just like he did with St Joe’s company, Sahm Adrangi does not just make up stories or claims of suspicious activities. Instead, he takes time to research widely before he can shortlist a company. He also publishes the information at Kerrisdale capital so the public can get access to it.
Hussain Sajwani was born into entrepreneurship as his father owned a shop selling products imported from China. Before attending college, he obtained a government scholarship and moved to Washington State where he attended the University of Washington and earned a Bachelor’s in Industrial Engineering and Economics. Later starting a career in the United Arab Emirates in the oil industry.
Within a few years, Sajwani changed course and started a business, catering to customer’s like the United States Military and Bechtel, one of the largest construction companies in the United States. His business grew into a behemoth and still operates to this day, serving customers all around the world in various industries like education and hospitality in addition to some of its primary clientele.
In 2002, Hussain Sawjani left catering and founded DAMAC Properties, which quickly became one of the largest developers in the Middle East. It has amassed some 19,000 apartment buildings, including an upwards of 44,000 units all in multiple stages of development. Thirteen years later DAMAC went public on the Dubai Financial Market, adding to its success.
More recently, DAMAC continues to see success on a global scale with properties throughout the Middle East and Europe with plans to expand in the United Kingdom and the United States. They have entered into partnerships with notable developers like the Trump Organization in a deal that will see a total of two Tiger Woods-designed golf courses erected in the UAE. With this deal and Trump’s presidency, Hussain Sajwani sees continued success in the first. So much so that depending on coming market trends, there are plans to potentially sell a stake in the company to create more liquidity for assumed further growth.
Hussain Sajwani’s outlook for the first is also high as they have yet to reach supply and demand equilibrium in the last three years. For example, demand calls for a minimum of 15,000 units a year, but in the previous three, DAMAC has produced less than 10,000 units a year. With future opportunities, Sajwani sees out increasing to more than 10,000 to 12,000, still below demand but a sure indication of a table market moving forward.
CNBC in January had an opportunity to sit down with Hussain Sajwani, Founder and Chairman of DAMAC properties during the World Economic Forum 2018. They touched on many different subjects including the development of two golf courses, Sajwani’s outlook on the property market in Dubai, and opportunities he sees in the United Kingdom.
Regarding the construction of two golf courses designed by Tiger Woods, they will be managed by the Trump Organization. Concerns raised whether President Trump, often associated with his brand, would effect DAMAC’s business performance as a result of his decision on Jerusalem.
Hussain Sajwani reassured his interviewers that he believed there would be no effect whatsoever. In fact, not only did the completion of the first golf course result in favorable results regarding its design and build-quality of the course, but DAMAC could see growth when results are shared later on. Sajwani also added that the golf course is one of the best in the world.
When it came to the property market in Dubai, Hussain Sajwani first addressed concerns of overcapacity. The market in Dubai is calling for at least 15,000 units every year, where over the last three years DAMAC has produced less than 10,000 overall units in each of those years. Therefore, not only is there room for growth but in the coming years, he expects production to draw closer to 10,000 to 12,000 units. Not just coming close to a supply and demand equilibrium, but it is also clear there is room for substantial growth in the market moving forward.
Lastly, Hussain Sajwani remarked his thoughts on growth in the United Kingdom. With an overflow of cash flow, he believes this cash is not fully leveraged at presence. Therefore there is a desire to invest in the right places. One of which is the UK, especially following Brexit where the pound is now priced more attractive when compared to pre-Brexit. The property marketing is also much more appealing as a result.
With the foreseen continued growth, Hussain Sajwani surely can expect to see DAMAC continue to perform despite perceived headwinds such as the recent headlines the President made.
In today’s society, there is a generation of people that is struggling managing their finances while trying to help out their family members. It’s being coined as the “Sandwich Generation.” With people living longer than expected, adult children sometimes find themselves in a position to have to support their parents financially.
The sandwich generation is not only having to provide for their aging parents but also their college-aged kids. According to a recent study conducted by the Pew Research Center, it is estimated that one in seven middle-aged adults are stuck as part of the sandwich generation.
It’s very typical of advisors such as HCR Wealth Advisors to have clients who have major concerns about being able to live on their retirement savings. The team of independent advisors at this registered investment advisory firm work to develop personalized financial plans to help their clients reach their financial goals. HCR Wealth works to educate clients and protect them against risk.
Being stuck in the sandwich generation is a preventable and the method of preparing a financial plan is plausible. If planned appropriately, you can avoid making financial mistakes, such as making an early withdrawal from a retirement plan to offset expenses. As a registered investment advisory firm, HCR Wealth Advisors counsels clients on how to best make use of their investment money.
Planning by adult children who take care of aging parents should be equally meticulous. Adult children should know the discretionary expenses compared to their parent’s retirement income. Since longevity is continuing to be expanded and people living well into their 90s, adult children should have an expectation that at least one of their parents will outlive their retirement.
Connect with President of HCR Wealth Advisors on LinkedIn: https://www.linkedin.com/in/greg-heller-37342a9
HCR Wealth Advisors is not affiliated with this website
What are the pros and cons of trading with AvaTrade? Is AvaTrade legit? What did the latest AvaTrade Review discover?
Since 2006, AvaTrade has been turning heads. It offers a good balance of commodities, currencies, cryptocurrencies, indices and ETFs for trade. It is regulated by a couple of governments, including the Central Bank of Ireland and ASiC.
You need to find USD$250 somewhere to satisfy the minimum deposit rules. Then, you can use your smart phone to trade using the MetaTrader 4 application. You can even plug in a signal service to Meta Trader 4.
More than 200,000 members have been making money on AvaTrade. They must like its features. These members are in Ireland, the UK, South Africa, France, China, Mongolia and other countries.
You can earn a Welcome Bonus. Refer a Friend and get another bonus. AvaTrade believes the “more the merrier.”
Bitcoin Fans Are Welcome
You can find Bitcoin, Ethereum, Dash and Ripple at AvaTrade. Other brokers have not remained current with the digital coin revolution. You have a lot of interesting trades available.
You can consider the first Bitcoin fork of August 1, 2017 that created Bitcoin Cash and determine how these different digital tokens will gain or lose value. If you like the decentralized characteristics of eMoney, they you might want to invest in Bitcoin Gold. AvaTrade provides you with a variety of choices.
Its Greek to Me
Is Greek customer support available? Yes, one of the languages supported at AvaTrade is Greek. There are branches in China, Mongolia and France.
Which of the AvaTrade awards from FX Empire is the best? From 2013 to 2016, this broker won many awards. Some of these were for “Best Broker.”
The latest AvaTrade Review found a number of assets available for trading. The platform is very mature. One con might be the withdrawal time period of 5 days. Otherwise, the AvaTrade platform has a lot to offer.
Ryan Seacrest is famously busy throughout the day. Once in an interview he ticked off the number of jobs he had, including his live radio show “On Air With Ryan Seacrest” among others, and ticked off nine of them. He says that he works efficiently in order to keep up with everything that is going on. He has also learned to consolidate some of his jobs to just one location. For instance, the studio for “on Air With Ryan Seacrest” is just down the hall from where his tv show tapes.
Another way he keeps up with the pace is by having developed a great team around him. He says he has experts on his staff to help him manage each of his jobs. They keep him updated on what is going on and what’s coming up next. He says he also gets a series of emails at the end of each day where he is told what happened in each division.
It was 13 years ago that Ryan Seacrest founded a production company. He says it started with just one employee. He was watching “The Osbournes” and he found it really great. He thought about starting something similar with another family. He knew Kris Jenner wanted to start a show about her family and Ryan Seacrest thought that was a great idea. The result was “Keeping Up With the Kardashians” and now it has had numerous spin-offs that he also produces.
While he had success in Hollywood before hosting American Idol, that was the show that put Ryan Seacrest on the national map. His hosting of that show led to numerous opportunities to host other events, among them New Year’s Rockin’ Eve on ABC. He started appearing on that show in 2005 while the longtime host Dick Clark took more of a back seat due to his having suffered a stroke.
“On Air With Ryan Seacrest” is on each weekday. It is a four-hour live radio show which is on from 6 a.m. to 10 a.m. PT. He used to produce this show in California but he has since moved the studio to New York.
Securus Technologies is a company that needs no introduction in the corrections sector. Over the years, the products and services of Securus Technologies have helped the corrections sector to become technologically advanced. Some of the investigative technologies offered by the company are responsible for saving the lives of many people, including many officers as well as civilians. Recently, the company announced that it has finally developed the drone detection technology that would not let the drones enter the prison perimeter undetected.
Drones have suddenly become a problem for the correctional facilities in the last few years as the criminals have started using it to transport contraband inside the prison. The correctional facilities have all the technology it can need to ensure that no land transport of contraband is possible, but from something, air dropped can’t be easily dropped. It is what drones have been doing for the criminals. In many instances, the corrections officers have found that the contraband packages does not only carry drugs, money, and knives but also guns. It can be highly dangerous for the security of the prisons, which are otherwise considered to be highly safe and secure.
Securus Technologies has recently announced that it has the technology needed to stop the drones from supply contraband inside the prison. The company has launched the drone detection technology that would quickly detect that has infiltrated the prison premise. As soon as any drone, irrespective of make, model, and size enters the prison perimeter, an alarm will set off that would make it easier for the corrections officer to be alert about the presence of drone in the area. The location of the drone would also be detected by the drone detection technology, so that the drone is not only captured but that the contraband it is carrying is seized before it reaches the wrong hands.