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The 19th Ritossa Family Office Investment Summit in Monaco Celebrates "Connecting Minds & Investing for a Better Future" – Yahoo Finance

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MONACO, July 1, 2022 /PRNewswire/ — The 19th Ritossa Family Office Investment Summit, held under the High Patronage of H.S.H. Prince Albert II of Monaco, brought together dignitaries of the world’s leading families this week to discuss how to invest for a better future.

H.R.H. Prince Michel de Yougoslavie, Monaco; Sir Anthony Ritossa, Chairman of Ritossa Family Office & Host of Ritossa Global Family Office Investment Summits; Markus Lehner, Principal of the MARKUS LEHNER ORGANISATION (PRNewsfoto/Ritossa Family Office)

H.R.H. Prince Michel de Yougoslavie, Monaco; Sir Anthony Ritossa, Chairman of Ritossa Family Office & Host of Ritossa Global Family Office Investment Summits; Markus Lehner, Principal of the MARKUS LEHNER ORGANISATION (PRNewsfoto/Ritossa Family Office)

Global leaders, entrepreneurs, prestigious family offices, private investors, Sheikhs, royal families, and leading businesses from 55+ countries representing more than $4.5 trillion convened with a powerful sense of purpose. The closed-door event’s theme “Connecting Minds & Investing for a Better Future” featured discussion and debate regarding how to make our world a better place. Previous Summits have raised $2.8US billion in investments for leading global start-ups, entrepreneurs, funds, and philanthropic endeavors and early indications are that the Monaco event will be a similar great success.

“Global family offices are committed to investing for the greater good of mankind and believe that those who wield economic power must do everything within their power to serve as a pioneering global forum for action. I’m incredibly grateful that the Summit was held under the High Patronage of H.S.H. Prince Albert II of Monaco and deeply appreciate H.R.H. Prince Michel de Yougoslavie, H.R.H. Prince AbdulAziz Bin Faisal AlSaud, and our Summit Chairman – Markus Lehner, as well as every member of our “family of family offices,” and all the entrepreneurs who attended and contributed thought leadership insights,” said Sir Anthony Ritossa, Chairman of Ritossa Family Office & Host of Ritossa Global Family Office Investment Summits, UAE.

“It is an honour and a pleasure to be the 19th Ritossa Family Office Investment Summit Grand Ambassador in Monaco. I have taken part in many events in the past years and have always been amazed at the quality of the participants and at the wealth of information that was circulated,” said H.R.H. Prince Michel de Yougoslavie, Grandson of King Umberto of Italy and Prince Paul of Yugoslavia, Monaco.

“Recent times have changed everyone’s life faster than ever before because our world has changed from one moment to another. Sir Anthony is guiding his family office conferences best through these times, and that’s why they are the world’s No 1. summits in all aspects. Therefore, I was even more delighted to serve again as the Chairman of the 19th Ritossa Family Office Investment Summit in Monaco,” said Markus Lehner, Chairman of the 19th Ritossa Family Office Investment Summit, Principal of the Markus Lehner Organisation, and Founder of Lehner Investments, Monaco.

Key discussion points at the Summit included:

Monaco’s Unique Economy with a Focus on its World-Famous Financial Marketplace

Under the expert leadership of His Serene Highness Prince Albert II, Monaco is thriving as an international financial marketplace with strong credit dynamics, new regulations for residency, and an efficient platform for estate planning. Among its advantages are its lack of debt, balanced budget, favorable tax structures, popularity for entrepreneurs, strong private banks, and support of family offices.

Fighting our Climate Crisis, Today

As part of the quest to  make the world a better place and an ocean that’s part of the planet we call home, there are new commercially viable processes for the cultivation of micro algae for biofuels and related carbon credits. Its goal is to make net-zero emissions goals a reality and it has the partnerships in place to drive change at a rapid pace.

Family Office Investor Insights

When investing in today’s dynamic environment, attendees agreed that it’s important to be able to navigate the political climate. We are deep into a geopolitical recession which will last longer than an economic recession. Although we are on an unavoidable path, there are significant investment opportunities that hold the promise of outsized  future returns, including areas such as technology. Additionally, infrastructure is a hedge against inflation, Being nimble is essential since markets have a short memory and what is happening now is what matters.

Investment Strategies in the Web 3.0 Era

The time now to invest in the next  generation of cryptocurrency and its long-term benefits are evident across many industries, including real estate, gaming, healthcare, among others. The combined valuation of cryptocurrencies has reached US$3.2T but many coins are volatile and are not backed by assets. Unicoin is a next generation of cryptocurrency that is dividend paying and asset backed. Blockchain is equalizing the world in that it can be used to help humanity. Ultimately, finance is about trust.

Legacy & Socially Responsible Investing

Family offices must align their investments with their values. Investing in impactful start-ups that help improve lives is important as is taking into consideration the United Nations Sustainability Goals. We all have choices to make and possess the ability to have a positive impact at some level. Projects related to water desalinization, renewable energy, sustainable housing, and climate change are examples where investment dollars have a needed impact.

AI & Machine Learning

The U.S. leads China in areas such as enterprise software but China remains ahead in speech recognition and industrial robots. A cornerstone of artificial intelligence is the fact that the more intelligent you are the better you can make decisions.  AI can write rules that represent the truth. AI makes life easier and facilitates humanity. It is faster and enables us to identify the best way to do things across industries – at fraction of a second.

Family Offices – The Eternal Flame

Challenges may arise when family members do not see eye-to-eye yet certain truths remain the same throughout the years. Human capital lasts over generations and education is critical. We must give the next generation responsibility and let them earn and build wealth independently. Leading family offices stress the importance of investing in education for the next generation. Ambition, leadership, governance, and discipline are critical to success. It’s important to be flexible, take a long-term view, understand what you’re investing in, have a vision, and invest in great founders dedicated to building their business.

How Champions, Invest Like Champions

An Ultra Exclusive Fireside Chat entitled “How Champions, Invest Like Champions” featured racing legends Mika Hakkinen (The Flying Finn), a 2-Time F1 Champion from Finland; Juan Pablo Montoya (JPM), a F1 Legend from Colombia; and Sebastian Montoya, a Rising Star, FREC from Colombia. Among the areas in which they’re investing are the metaverse, online gaming, and cryptocurrency. In all aspects of life, they embrace the concept of teamwork, looking at the world in new ways, learning, and understanding. Importantly, F1 is seeking to make next generation drivers carbon neutral.

Spotlight on Iconic Global Family Office Investors & Co-Investments

Leading families believe in following smart investors and view relationships as important. Focus areas for investment include biotech, fintech, space, India-only, logistics, funds such as activist strategies, and secondaries. Patience is key, a long-term horizon is advisable, and innovative thinking is a trademark of a great manager. Because family offices have on-the-ground, local knowledge, they are valuable in terms of presenting opportunities. It’s best to seek partnerships with those you have synergy with and who have skin in the game as an investor. Trust is a Number One priority.

Increased Giving for a Better Tomorrow

Trends include family offices’ tireless generosity in challenging times, increased sophistication, and the next generation leading the way. Areas of giving include children, healthcare, women’s empowerment, sustainable economy, economic development, education, refugee support, and foster homes. Families agree that philanthropy is a privilege and not an obligation. We must be careful to use philanthropy to create a better community. While historically there was separation between business and philanthropy, we no longer need to make a choice as the two intersect. Today, it is possible to be economically profitable while making a difference.

For more details on upcoming invitation-only Global Family Office Investment Summits, please visit www.RitossaFamilySummits.com

Media Contact:
Charlotte Luer
+1-239-404-6785
charlotte@ritossafamilyoffice.com

From left to right:  Nikola Petkovic, Founder & CEO, Filip World Soccer International LLC; Stasa Ritossa; Sir Anthony Ritossa; H.R.H. Prince Abdulaziz bin Faisal bin Abdul Majeed bin Abdulaziz Al Saud; Sultan Alhaif, Advisor to H.R.H. Prince Abdulaziz Bin Faisl Al Saud; Markus Lehner, Principal of the MARKUS LEHNER ORGANISATION; Mohamed Al Ali, CEO & Advisor, Sheikh Ahmed Al Maktoum International Investments Enterprise (PRNewsfoto/Ritossa Family Office)From left to right:  Nikola Petkovic, Founder & CEO, Filip World Soccer International LLC; Stasa Ritossa; Sir Anthony Ritossa; H.R.H. Prince Abdulaziz bin Faisal bin Abdul Majeed bin Abdulaziz Al Saud; Sultan Alhaif, Advisor to H.R.H. Prince Abdulaziz Bin Faisl Al Saud; Markus Lehner, Principal of the MARKUS LEHNER ORGANISATION; Mohamed Al Ali, CEO & Advisor, Sheikh Ahmed Al Maktoum International Investments Enterprise (PRNewsfoto/Ritossa Family Office)

From left to right: Nikola Petkovic, Founder & CEO, Filip World Soccer International LLC; Stasa Ritossa; Sir Anthony Ritossa; H.R.H. Prince Abdulaziz bin Faisal bin Abdul Majeed bin Abdulaziz Al Saud; Sultan Alhaif, Advisor to H.R.H. Prince Abdulaziz Bin Faisl Al Saud; Markus Lehner, Principal of the MARKUS LEHNER ORGANISATION; Mohamed Al Ali, CEO & Advisor, Sheikh Ahmed Al Maktoum International Investments Enterprise (PRNewsfoto/Ritossa Family Office)

19th Ritossa Family Office Investment Summit (PRNewsfoto/Ritossa Family Office)19th Ritossa Family Office Investment Summit (PRNewsfoto/Ritossa Family Office)

19th Ritossa Family Office Investment Summit (PRNewsfoto/Ritossa Family Office)

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Time to sell? How to manage your investment property as interest rates rise – Financial Post

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There are a few key things that owners should consider to decide if their investment is worthwhile

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Inflation is up more than 8%, the highest yearly change in almost four decades, according to Statistics Canada. And in a scramble to bring that inflation rate down, the Bank of Canada raised its benchmark rate to the highest amount since 1998: 2.5 per cent.

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The hope is that inflation gets back to a normal two per cent by 2024. For borrowers with fixed mortgage rates, they would have locked in a certain interest rate when they purchased their property. For variable-rate mortgages, the interest rate that the borrower pays is tied to the central bank’s inflation rate.

Canadian borrowers are dealing with a five-year fixed rate of around 4.5 to 5.5 per cent. Variable rates are in the 3.8 to 4.5 per cent range. And rates are at least two per cent higher than a year ago.

Now that the days of easy money are a distant memory, real estate investors affected by higher interest rates may have to adjust behaviours in order to maintain a positive cash flow—or at least break even during this difficult time.

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Remember, real estate is a long game

Big real estate investors, such as developers, buy properties to hold for years, through many up and down cycles.

“My views are that if you are going to invest you should be a long-term holder,” says developer Gino Nonni of Nonni Property Group.

“I don’t know how often you can buy something and then turn around and make a substantial profit in a short period of time. At minimum, mom and pop investors pay their mortgage down and typically the value of the asset will go up.”

He believes the shortage of land will always constrain supply and put pressure on prices. The result is a secure, long-term investment.

“That’s the way I view it, and that’s what I tell my friends when they ask. I tell them to always hold.”

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Put your investment in perspective

Millennial broker Jacky Chan, president of BakerWest Real Estate, has been investing in real estate his entire adult life. He prefers real estate to other investments because it’s less volatile, and with the world’s population growing by about 80 million people a year, people are always going to need a place to live. Prices may slow down, but overall they go up.

“The faster an investment moves, the closer you need to monitor it, especially with the recent hype of NFTs and cryptocurrency,” says Chan. “But look at any real estate market in the world with a growing population, and it was definitely cheaper 50 years ago than it is today.”

Two things matter in real estate investment, says Chan: positive cash flow and appreciation. If the investor isn’t over-leveraged by too much debt, they should maintain a long-term outlook and not get spooked by interest rate hikes.

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If you own a $1 million property and have a $500,000 mortgage at five per cent, you are, in simple terms, looking at $25,000 interest per year.

If the property increases by five per cent in a year on the $1 million investment, that’s an increase of $50,000, so the owner has a net positive of $25,000.

“Even though the rate has gone up, the real estate value is still increasing.”

When things are getting tight

Let’s say you purchased a condo to live in, and purchased another as an investment. With interest rates climbing, what happens if you took out a variable rate mortgage and the rent isn’t covering the higher mortgage payment? Mortgage advisor Alex McFadyen, of Thrive Mortgage, saw a lot of people buy second properties in the last couple of years, and they might now find themselves stretched. All experts will tell you that selling off the property should be a last resort, but how do you avoid that when costs are mounting?

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“Ask yourself if the property itself is really underwater, or are there expenses we can remove or eliminate?” says McFadyen. “That’s the first thing we determine.”

He gets his clients to write down all their property expenses, including management and maintenance fees, taxes, utilities, and any upcoming repairs on the home. If it’s a primary property that’s causing them stress, then he asks them to write out a cash flow budget spreadsheet to see what’s coming in and going out. McFadyen finds that the main culprit for expenses is often a car loan or credit card debt, or — more commonly these days — travel debt. Cut those debts and throw that money at your mortgage instead, he advises.

Take control of the situation

If expenses are truly unmanageable, McFadyen advises that clients consider consolidating debts with a loan, such as the possibility of taking out a second mortgage or home equity line of credit(HELOC) to get it under control. He predicts consolidation will be a “massive trend” in the next 12 months.

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“I ask my clients, ‘are you able to sleep at night right now?’ If someone isn’t able to effectively get out of debt, what is the downside of setting yourself up with a second mortgage or HELOC to help things?”

McFayden has a client who owes nearly $75,000, which caused their credit score to go down to the low 500s (a good score should stay above 650). By consolidating their debt, it became a more manageable single payment instead of several payments that were only covering the interest owed. The key thing is to do it before you’re drowning in debt.

Restructure for bumpy times

Long term, everyone agrees that real estate will go up in value, so do what it takes to get through the interim.

McFadyen is helping some of his clients to re-amortize their 20-year mortgages to 30 years, for example. With a longer amortization period, the clients have reduced monthly payments, which helpsto reduce expenses and eliminate payment shock.

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McFayden also advises mortgage holders coming up for renewal to consider a refinance option and lock into a one- or two-year mortgage, until rates settle down. If historical trends are an indicator, we are near the peak, he says. A lot of his clients are taking that approach because there is good value in short-term mortgages, if rates do come back down as expected. That means the borrower isn’t locked in at a higher rate. Additionally, they don’t face a huge penalty, if they do want to take advantage of lower rates.

“We’ve seen folks worried about rising mortgage payments and we’ve helped them lock into short terms, to stem the tide,” says McFadyen.

But also, know when to sell

That said, when a person is over-leveraged, with negative cash flow and sleepless nights, then it could be time to sell that investment property. You’ve got to think about your mental health, advises McFadyen.

“If you are significantly underwater and it’s not only impacting your quality of life and there are no options to re-amortize or consolidate debt, and you can’t afford to make payments and it’s impacting your quality of life, and if the property also has upcoming expenses, then we would recommend letting it go,” he says. “If they are in so much stress and they have the ability to get out from under it, they should consider it as a last resort.”

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

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FXM VENTURE – Offers News Investment Platform – GlobeNewswire

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Glasgow, Scotland, Aug. 13, 2022 (GLOBE NEWSWIRE) — With the intention of being one of the top investment platforms for investors of all stripes, FXM Venture was established in July of 2020. FXM has been extending its impact to adjacent nations thanks to the vision and leadership of its core members.

BACKGROUND OF FXM VENTURE

Ten significant individuals were involved in the founding and early development of FXM Venture, with the goal of establishing this investment fund’s brand on a global scale. And today, 100 members work in 6 transnational branches and continue their tradition. In addition to being directed and run by professionals with decades of expertise in a variety of sectors, including finance, investing, marketing, and technology, FMX is also run by vital departments like: customer service personnel, technical staff,…

Additionally, in just two years (starting in July 2020), FMX has called for a total investment of 8 million USD.

HOW DOES FXM VENTURE WORK?

For both long- and short-term traders, funding rates are regular payments. Investors are free to select a transaction based on their financial situation and liquidity. Users can, in particular, withdraw money at any moment and get interest.

At FXM Venture, we have experienced traders in both Forex and Cryptocurrencies allowing us to build a stable financial foundation to increase the returns of our investors.

FXM also has AI technology in trading approaches to Real-time forecasts of hundreds of scenarios, execution strategies, and commercial alliances, in addition to our research, market neutral algorithms by monitoring market movements and building trading algorithms. Our primary goal is to establish a win-win relationship between the customer and the firm, in which FXM Venture develops specific investment plans and strategies, while investors can then choose suitable investment packages, together with FXM consider and select specific investment plans.

ORIENTATIONS AND VISIONS

By expanding its operations and financial system in 2022, FXM aims to become one of the best legitimate funds in the world. To that end, 4 additional branches will be opened, and recruiting efforts will be stepped up to reach our target of 200 members.

In terms of financing, FXM VENTURE’s aim is to raise our fund up to $15 million.. Aside from that, FXM equips you with the resources you need to be completely confident in your investment decisions. Furthermore, you may invest with FXM with complete confidence because here are what make FXM different:

  • TRANSPARENT TRANSACTIONS
  • MULTI-ASSET PLATFORM
  • PROFESSIONAL TRADER TEAM
  • AI TECHNOLOGY
  • SECURED DEPOSITS AND WITHDRAWALS
  • 24/7 CUSTOMER SUPPORT SERVICE
  • LIVE TRADING

FXM does not intend to stop at satisfying almost 30,000 customers who have been using services and investing in FXM (with a customer satisfaction rate of 78% and a customer return rate of 85%), FXM is as complete as possible with the goal of increasing the number of clients to 50,000 in the next quarter with a satisfaction level of over 90%.

PACKAGES AND REFERRAL

Visit the website for more information

And also, Remember to refer friends to be rewarded with $25 for every friend who joins and registers at least one package — with no cap on the number of people you can refer, and gain matching income on their profits: F1 (10%), F2 (5%), F3 (3%), F4 (2%).

Media details:

Company Name: FXM Venture

Email:contact@fxmventure.com

City: Glasgow

Country: Scotland

Website: https://fxmventure.com

Telegram group: https://t.me/fxmventure_official_chat

Telegram channel: https://t.me/fxmventure_official_channel

Twitter: https://twitter.com/FxmVenture

There is no offer to sell, no solicitation of an offer to buy, nor a recommendation of any securities or any other products or services. Furthermore, nothing in this PR should be construed as a recommendation to buy, sell or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security or related transaction is suitable for you based on your investment objectives, financial situation and risk tolerance. Please consult your business advisor, attorney or tax advisor regarding your specific business, legal or tax situation.

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PepsiCo Makes $550 Million Celsius Investment As Hip Hop Mogul Sues For His Shares – Forbes

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PepsiCo
PEP
has its sights on gaining a bigger share of the energy drink with a $550 million investment in Celsius Holdings. The energy drink maker is also at the center of a lawsuit between Russell Simmons and his ex-wife Kimora Lee Simmons along with her husband Tim Leissner, as he tries to retrieve his shares in Celsius back from them. Allegedly Kimora Lee and Leissner transferred and were using his shares of Celsius as collateral to pay a bond in connection with these criminal charges. Leissner already pleaded guilty, and agreed to forfeit $43.7 million for his role in the Malaysia 1MDB scandal that cost Goldman more than $3 billion. Simmons alleges that his shares of Celsius are being used as collateral to pay a bond in connection with these criminal charges.

The Breakdown You Need To Know:

Celsius recorded a first-quarter domestic revenue increase of 217% to $123.5 million and the long-term distribution deal gives Pepsi a minority stake of about 8.5%. The brand, which doesn’t use artificial preservatives or sugar, adds to PepsiCo’s energy drink portfolio, which already includes Rockstar as well as Mountain Dew drinks Amp, Game Fuel, and Kickstart. CultureBanx reported that with these types of returns it’s easy to see why Simmons wants his shares back from the couple.

Quick Recap on how these three people ended up in this situation. Goldman Sachs
GS
last year agreed to pay the Malaysian government $3.1 billion, to settle claims in the 1Malaysia Development Berhad (1MDB) fund. One of the main people who got the bank involved in this scandal was Kimora Lee’s Simmons husband Tim Leissner.

The bank swiftly parted ways with him after his shady dealings with Jho Low came to light. In November 2018, when Leissner agreed to pay $43.7 million toward victim compensation, it was in order to avoid jail time.

In his claim, Simmons says Kimora and Leissner “knew full well that Leissner would need tens of millions of dollars to avoid jail time, stay out on bail, and forfeit monies for victim compensation.” Simmons claims they used their Celsius shares as collateral for Leissner’s bail, and he wants his shares returned.

Now Russell wants no financial part in keeping Leissner out of jail. In a letter sent to his ex-wife Kimora Lee on May 5, 2021, he was pleading with her to do the right thing and avoid a lawsuit. He wrote that “I am shocked and saddened to see how your side has behaved in response to my repeated attempts to get an agreement from you to rightfully and legally reaffirm my 50% of the Celsius shares..which have been locked up with the government after being used for your husband’s bail money.”

What’s Next:

A representative for Kimora Lee said “Kimora and her children are shocked by the extortive harassment coming from her ex-husband, Russell Simmons, who has decided to sue her for shares and dividends of Celsius stock in which Kimora and Tim Leissner invested millions of dollars.” At this point Russell is asking a judge for damages against Kimora and Leissner and believes he should be awarded restitution for interest and equal value for the wrongfully obtained shares.

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