Jeff Yastine is a well versed individual in the financial industry. He has previously worked in several areas of the market, including television as the anchor of PBS’s Nightly Business Report. Jeff Yastine later joined Banyan Hill Publishing in 2015, where he presently serves as editorial director. In addition, he contributes to the publication through the Sovereign Investor Daily and Winning Investor Daily articles. Recently two websites published articles about how Jeff Yastine viewed the future of Amazon.
First an article on the website Reporter Expert describes how President Trump recently tweeted about the negative effects of Amazon. Speculation is running high that in the near future Amazon will hit federal antitrust laws, and be forced to break up. The signs of Amazon’s effects on the economy can be seen in how 26 major retailers worth more than $50 billion, all filled for bankruptcy in 2017. In Japan, watchdog groups have already began investigating Amazon’s business practices. There could be interesting times ahead for the company. Get the latest update on his twitter to find out more.
Jeff Yastine has his thoughts on Amazon further elaborated with an article on the website Premier Gazette. Antitrust laws exist solely to promote and encourage fair business. However, since Amazon’s influence over the industry is growing, countless smaller businesses are being consumed and forced to close. In fact, Amazon was recently described as “anti-competitive” and “predatory” towards the economy. The downfall from grace Amazon may soon experience will not be pretty, but its necessary for the growth of businesses.
The financial experience Jeff Yastine has accumulated makes him a strong voice to hear in the industry. Amazon is a massively popular shopping platform with consumers. They sell nearly everything a person could need, and often at discounted rates. However as the old saying goes, the bigger they are, the harder they fall. Amazon will need to be broken up sooner or later. The economy can better flourish when consumers have many options, rather than a single mega corporation deciding everything.
Tim Duncan is the CEO of Talos Energy, a new business which has been formed recently after a merger of two oil and gas drilling companies. The merger deal which cost $2.5 billion was between Talos Energy and Stone Energy. Stone Energy had filed for bankruptcy due to the challenges it was facing in managing its operations. Tim Duncan who has a record of taking over dilapidated businesses and making them great took this opportunity to propose a deal to Stone Energy which went through. Luckily for him, the deal went on well, and a partnership was formed. The new deal has brought these two companies back in business in a huge way. The operations of the new establishment are expected to improve as it now has more capability to run more business activities.
Talos energy is expected to move its operations outside the United States and into Mexico as well. The new company currently has the potential to drill 48,000 barrels of oil every day. This is however expected to improve in the future as the company grows further. Under the management of Tim Duncan, there is almost guaranteed certainty that the business will improve. The manner in which he pushed for this deal was impressive. He was ready to grab it, by all means, possible since by the time he wanted to complete the deal there was a hurricane in Texas, he decided to fly out to his mother’s place to complete the deal. He was so passionate about this deal and clearly did not want to waste even a minute.
Tim Duncan sought the help of Franklin Templeton Investments and Mackay Shields who would help him finance the deal. The sough $800 million which went to the deal. He considers this a great deal since it is a debt of $800 million against a total asset cost of $2.5 billion. Talos is now trading in the New York Stock Exchange courtesy of the deal. Stone Energy was already a publicly traded company, and it did not require any IPO for the new establishment to be added into the stock market. Talos owns vast oil fields in Phoenix.
Born in Washington, D.C., Ted Bauman is an editor at a publishing company named Banyan Hill Publishing. He is an expert in low risk investment strategies and asset protection. His work has been published by multiple journals around the world. Even writing for the United Nations, the government of South Africa, and other organizations in Europe. Ted is the writer of a blog at Banyan Publishing named “The Bauman Letter”, where he outlines tips on disaster-proofing your valuables. Bauman advises that even if there is a low chance of theft or destruction, you should the necessary steps to protecting your liquid assets. Visit Ted Bauman at thesovereigninvestor.com to know more.
Safe or Lockbox
One great option to protecting your assets in investing in a fireproof/waterproof home safe or lockbox. Many safes can be customized to hold the type of items you have and can even be bolted to the floor. Ted Bauman advises that diversifying your wealth management is the bet strategy and not to keep all your eggs in one basket.
Safe-Deposit Box (U.S.)
U.S. banks offer safe-deposit boxes that securely store your valuables. They are locked away safely, but available anytime at your request. Something to consider before getting a deposit box is that the items need to be independently insured, because they are not insured by the FDIC.
Safe-Deposit Box (Foreign)
Another suggestion by Ted Bauman is to store things at a foreign bank. For example, Switzerland. This country’s jurisdiction protects people from government confiscation and are not subject to court orders.
Independent Vault in the U.S.
These are storage vaults not associated with financial institutions. They are not regulated by the government or courts like banks, giving the client an extra layer of security.
Independent Vault in a Foreign Country
Ted Bauman suggests storing valuables in a foreign country’s independent vault. It may even be a better solution because it is not regulated by the government or the IRS. Places such as Singapore, Austria, and Switzerland are renowned for their asset storage facilities.