How Soros and Trump Stack Up

I think you can tell a lot about a person by which billionaire they side with. Currently, there are two billionaires who are battling each other on the political level. One of these billionaires is Donald Trump, a failed businessman and con man who lied his way to the presidency, and the other is George Soros. Somehow the conservative right in the United States has made a bogeyman out of George Soros. But let’s stack these two guys up to see which one is actually better for this country.

Donald Trump has left multiple failed businesses in his wake. There are class-action lawsuits against him for his failed businesses including Trump University. Multiple women have come forward to accuse the president of sexual misconduct. And Donald Trump seems to be breaking every campaign promise that he made during his first 100 days as president. He has an addiction to frame which he cannot ignore. He makes the damaging tweets despite the fact that his cabinet urges him not to do so.

George Soros is incredibly different. Despite the fact that he has much more wealth than Donald Trump, and Forbes magazine backs this up by ranking him in the top 10 wealthiest people on earth, he likes to stay out of the limelight. Instead, he lets his actions speak for him.

Donald Trump inherited his entire fortune from his father. A study showed that if Trump had invested his father’s wealth into the stock market and indexed it with the NASDAQ, he would have much more wealth now. Essentially, Trump has lost a lot of them money he inherited. He simply uses oligarchy-friendly laws to declare bankruptcy and protect his fortune every time he makes a misstep. And the man dodged the draft for Vietnam by claiming bone spurs in his ankle.

George Soros has seen war. As a teenager growing up in his hometown of Budapest, Hungary, the Nazis rolled into town. The Soros family was Jewish and they worked quickly to hide their identities from the Nazi occupiers. Nearly an entire generation of Hungarian Jews would be exterminated during the war. George Soros had up close and personal experience of the whole thing.

The Soros family became refugees in 1947 by relocating to London. George Soros would be lucky enough to attend the prestigious London School of Economics. After graduating, he would get a job at a merchant bank where he would whip up $12 million for his own hedge fund. Read more on Snopes about George Soros.

The self-made man moved to New York City, made incredible trades and built a billion-dollar empire. In 1979, he founded the Open Societies Foundation to give back to planet Earth. Read more on NYTimes.com.

Anybody who vilifies George Soros and exemplifies Donald Trump needs fine-tuning on their moral compass.

Learn more: http://www.biography.com/people/george-soros-20926527

Investing Smarts

In a letter to his shareholders not long ago, Warren Buffet gave up some of his wisdom. It came from his many years of being a successful investor. The advice was that in many industries consumers should not trust product labels. There has been a long-standing debate over whether to take an active or passive stance when it comes to trust. Looking at things this way is not really helpful to investors according to Timothy Armor. There is a large number of mutual funds that give poor returns over the long run and mediocre service. This is due in part to fees that are too high. Excessive charges are made for management fees and for doing trades.

According to Tim, the opportunity costs and volatility risk involved in passive index investments are not known or are underestimated. Whether they are active or passive should not matter. The real issue is making good returns on long-term investments. The best way to achieve this is with low costs. This way excessive fees don’t eat too greatly into the returns you receive.

Tim Armor attended Middlebury College and he received his degree in economics from it. He was a good student. As a result, he was admitted into The Associates Program at Capital Group. From amongst his peers, Tim stood out, and he was promoted. Tim has been working for Capital Group for more than 30 years. He is now the Chief Executive Officer of one of its companies. He also serves as chairman of various companies.

From time to time, Tim shares his investing expertise with the world by writing columns in various news outlets. He recently commented on an expensive wager made by Warren Buffet. Buffet chose to bet $1 million against another group of investors to see who could get the greatest return.

Learn more about Tim Armour: http://www.investmentnews.com/article/20150729/FREE/150729863/capital-group-parent-names-armour-chairman-replacing-rothenberg