Joe Fagan

Former Soccer Star, Now Soccer Fan


October 20, 2018

“Freedom Checks” and Their Tax-Free Benefits

The Republicans were victorious in getting their tax plan passed. Corporations will retain more profits because of the tax breaks they will get to take advantage of and the average American taxpayer should get more money in their pocket. This is the perfect time for individuals to take the money they saved and take advantage of a simple investment strategy that will generate a tax-free income stream. A tax-free income may seem too good to be true and some investors may find this statement hard to believe. The investment is called” Freedom Checks” and it is a legitimate way for an investor to earn a passive income without having to fork over their profits to the IRS, resulting in a higher rate of return.

Matt Badiali was the financial advisor who introduced “Freedom Checks” to average investors. This investment strategy has been around since 1987 but only extremely sophisticated investors took advantage of it. The companies that issue “Freedom Checks” are called “Master Limited Partnerships”. Most MLPs are involved in oil and gas operations. The tax code allows these companies to operate without having to pay any federal income taxes, which makes these companies more profitable. To avoid taxes, the company must pay ninety percent of their revenues to the company shareholders. A shareholder of an MLP can achieve extremely high returns from owning MLPs because they do not have to pay any taxes when they receive distributions from the company. The shareholder is only required to pay taxes if they sell the shares of the MLP for a profit, in which case they will pay a capital gains tax. These companies pay on a monthly or quarterly basis, so an investor can enjoy a tax-free passive income. To know more about the company click here.

Investing in MLPs is rather simple. An investor needs a small starting capital and a brokerage account. The process is exactly like buying shares in any publicly traded company. There are over five hundred companies that meet the qualifications to be classified as an MLP. Once an investor chooses the appropriate MLP for their investment needs, the company will mail them “Freedom Checks” in the mail or deposit the checks directly in their brokerage account.

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September 23, 2018

How Fortress Investment Group Changed The Landscape Of Alternative Asset Management Industry

Fortress Investment Group is an alternative asset management company in New York. Founded in 1998, by the principals Randal Nardone, Wes Edens, and Rob Kauffman has turned this midsized private equity firm to a global asset management giant. Wes Edens is a US based businessman. They currently have 900 employees who work in accordance to the vision of the founders, thus managing around $43 billion worth of assets for 1,750 investors. The investment management firm is renowned for managing high returns with reduced risk-factors. Wes Edens played an important role in finding the Fortress company. The company invests in private equity, debt equity, and high-end vehicles.

Peter Briger is now one of the current principals after Rob Kauffmann left. The current principals believe in an asset-based investment approach that yields steady long-term income. The firm provides end-to-end services dealing with an asset which include its acquisition, handling, and financing. Their set of unique strategies are meant to generate returns from illiquid and distressed assets. They mostly handle assets in diverse domains such as high-end vehicles, real estate, etc. Since it was founded in 1998, they have maintained an excellent reputation when it came to acquiring, handling, pricing, and financing physical as well as financial assets.

Wes Edens lives in New York. Another expertise offered by the company is the efficient handling of mergers and acquisitions transactions. With over two decades of its existence, they have managed to bond with top management professionals, important board members, and the major stakeholders.

A few years back, Peter Briger and Michael Novogratz joined the company in the leadership and finance roles respectively. Since then, they have made tremendous contributions to the company and brought over many upgrades to the different asset management divisions. With years of experience at Goldman Sachs, they had an in-depth understanding of the domain they excelled in.

They became the fastest growing company in the alternative asset management industry, and the worth of assets they handled doubled up. Later in 2007, they took the bold step and became the first alternative asset management company to offer its shares with an IPO and were the topic of discussion for a while.

There came a point in time when Fortress Investment Group was ready to be sold. A Tokyo-based giant, SoftBank Corporation proposed exciting ideas to the principals of Fortress Group regarding how their strategies would help Fortress Investment Group double-up the current worth of assets they are handling.

They soon came to an agreement for $3.3 billion in the year 2017. There was a clause in the agreement which allowed Fortress Group to operate independently without any interference from SoftBank.

Currently, Fortress Investment Group LLC mainly focuses on Credit Division, Private Equity and their long-term interests in high-end cars.