Also, the Cboe Volatility Index (VIX) was near historic lows, showing that investors expected the good times to persist. There are hundreds of companies in the small cap space that dont have the cash to pay their debt. McDonald was ready for this. The economy is slowly reopening and more vaccines are reaching people. Johnson, who is no longer on the Forbes billionaire list, took BET private in 1998 and sold it to Viacom in 2001 for approximately $3 billion. She told him that he needed to learn the material and she couldnt help him. Greater Los Angeles Area Financial Services Companies. The potential for growth is there, but the conditions for growth are not because we are artificially providing income. LOS ANGELES (AP) A man who ran two California-based investment companies and frequently appeared as a TV financial news analyst was charged Wednesday with securities fraud for allegedly bilking clients out of millions of dollars, federal prosecutors said. The Hardest Part of Building Your Business? Hercules Investments. The Mountaineers will take on No. His son, James McDonald, plays in Major League Baseball.[2]. Mr. McDonald previously was CEO/CIO of Index Strategy Advisors Inc. (ISA) from 2010-2019. Michelle Fox is a digital producer for CNBC. James McDonald had 14 receptions over his career. "$17,150, the median net worth for Black households; $171,000, that's the median net worth for white households. Yet it's not his only passion he had a 12-year semi-pro football career and also won the 2018 Southern California Heavyweight Boxing Tournament. why was waylon jennings buried in mesa az; chop pediatric residency Greg Bartalos (@gregorianchance) is editor of New York City-based RIA Intel. Finally, one place to get all the court documents we need. James McDonald will surely be watching. 2023 CNBC LLC. * Selected to Pro Bowl, + First-Team AP All-Pro, Bold indicates league leader. Firm Details for HERCULES INVESTMENTS, Location: California, AUM = 33200000.00, Last Form ADV Filed : 16-June-2021, Officers: MCDONALD, JAMES, ARTHUR, MCDONALD . "Take ownership of your financial education so that you can change not only your life but your family's life for the better," he recently told CNBC. On 02/22/2021 LOUI RUDAS, filed a Property - Other Property Fraud court case against HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, in Los Angeles County Superior Courts. Get James McDonald's email address (j*****@post.harvard.edu) and phone number (718848..) at RocketReach. We spoke with Black leaders about their advice for the next generation, as well as their defining career moments and lessons they've learned. 2023 Fortune Media IP Limited. Go after what you want, and be all that you can be.. McDonald, who lived in the Los Angeles suburb of Arcadia, is believed to be in hiding, the statement said. It is a risk-hedged growth mutual fund that captures market appreciation and has the potential for great gains when markets fall. My next report card I had an A., And to this day, math is my favorite subject.. In summary, NFLHX provides direct access to risk hedged growth adding a layer of insurance to a portfolio that has appreciated with the market. SALLY HOSN VS VERNE?S PLUMBING, INC., ET AL. "While I understand that you may not have all the luxuries at your disposal, opportunity, met with tireless effort, will lead to results," Eison said. Spurred by the killing of George Floyd by a Minneapolis police officer last May and the cries for racial justice and equity, corporate America is starting to listen and address issues of diversity. Thats my personal mission. James McDonald founded his most recent company, Hercules Investments, in 2019 after spending about two decades in the finance industry. Yet at the same time, people of color are facing an outsized financial hit from the coronavirus pandemic. McDonald - an avid football enthusiast - stated that he planned to launch a publicly traded mutual fund under the ticker symbol "NFLHX." The losses to Hercules clients and the potential for litigation related to those losses jeopardized the success of that fund because any litigation would have had to be publicly disclosed. We do this because we invest in index options, which give us the flexibility to purchase contracts that rise in value when markets fall and to own very misunderstood and often overlooked asset class volatility. Our emphasis is on index options investing around the U.S domestic large indexes, specifically, the S&P 500, the Russell 2000, and Nasdaq 100. James McDonald founded his most recent company, Hercules Investments, in 2019 after spending about two decades in the finance industry. [Like this article? However, as markets continue to thrive, our fund will not follow the path of other downside protection strategies, passive only strategies, which fall precipitously in rising market. Watch our How-To Videos to Become a Stathead, Subscribe to Stathead and get access to more data than you can imagine. I think we will retest the previous lows of last March before buying comes back in. Of course, we know that theres tremendous risk, not just to our health, but to the sustainability of small businesses, to the credit and economic security of households and to the outlook for how we will move forward past the pandemic. If the next generation wants to succeed they need to turn to their superpower, according to Kourtney Gibson, president and partner at Loop Capital Markets. Where was James McDonald born? Believe that you can accomplish and do whatever you need to do for yourself financially.. The bull case would imply that were 50% stronger in terms of our earnings premium over our equity premium based on what we pay for earnings. He argues the stimulus package will fail to rehabilitate the economy and thinks investors are too sanguine about the vaccines rollout, citing logistics and trust issues surrounding the vaccine. on 02/22/2021 for damages of $675,000.00, attorney fees of $8,640.00, interest of $38,187.75, and costs of $2,779.75 for a total of $724,607.50. Lists Featuring This Company. We want to hear from you. Furthermore, index options provide compelling risk/return profiles with substantially less risk and volatility than their stock option counterparts.. Consequently, these options have become more valuable to account for the wide range of possibilities that traders are pricing in for the future. February 27, 2023 new bill passed in nj for inmates 2022 No Comments . Vaccinating the public will not happen as quickly as most expect. M. GUION ?GUY? My team and I stood on the platform on the Exchange floor and rang the bell, signifying that we were a publicly traded company participating in the U.S. economy like the major companies in this country have done for many years, said Johnson, who became the countrys first Black billionaire in 2001. The gap between corporate profits and GDP, or even corporate profits and equity market prices, is wider than its ever been by a long way. Below are excerpts from our Jan. 28 discussion, edited for length and clarity. And so, the gains that weve seen have come based on an enthusiasm and optimism placed across the entire market. And Ford has struggled," said Hercules Investment CEO James McDonald on Yahoo Finance's The First Trade. Johnson, who is no longer on the Forbes billionaire list, took BET private in 1998 and sold it to Viacom in 2001 for approximately $3 billion. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. One hundred million viewers are expected to tune into Sundays Super Bowl between the defending champion Kansas City Chiefs and Tampa Bay Buccaneers. And we know that this isnt how a strong economy operates. Describe the ideal client profile. He then started The RLJ Companies, which is headquartered in Bethesda, Maryland, and invests in diverse businesses. Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns. on 02/22/2021, entered Request for Dismissal without prejudice filed by Loui Rudas and Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust as to Erin Maureen Schmidt and Brady Schmidt, does does 1 through 10 only, DocketSummary of the Case; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff), DocketDeclaration Pursuant to 585 CCP in Support of Default Judgment; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff). Rams Get McDonald Back From Lions for a Draft Pick, Pirates' James McDonald Still Living Dodger Stadium Childhood Dreams, https://en.wikipedia.org/w/index.php?title=James_McDonald_(American_football)&oldid=1134094613, Players of American football from Long Beach, California, National Football League replacement players, Long Beach Polytechnic High School alumni, American football tight end, 1960s birth stubs, Short description is different from Wikidata, NFL player missing current team parameter, Infobox NFL biography articles with old NFL.com URL, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 17 January 2023, at 00:16. Please read our Terms and Conditions, Modern Slavery Act Transparency Statement, and Privacy Policy before using the site. A cursory look at the stock market's moves during the last couple of days demonstrates why these options have been so profitable. Default judgment by Court entered for Plaintiff Loui Rudas and Plaintiff Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust against Defendant Hercules Investments, LLC, a California limited liability company and Defendant James A. McDonald, Jr. on the Complaint filed by Loui Rudas, et al. With only a few times in history have we had a gap even approaching these levels of GDP growth, equity market prices, corporate profits, equity market prices and PE ratios. Malcolm Mackey in Department 55 Stanley Mosk Courthouse. James McDonald played 52 games over his career. Every Sports Reference Social Media Account, Site Last Updated: Thursday, March 2, 12:12AM. Owner @ Houston Wolverines Semi-Pro Football Team; Vice President, Director of Strategic Initiatives, Wealth Management Group @ Bbva Compass . Do you still have a 15,000 target on the Dow? Also on Wednesday, the U.S. Securities and Exchange Commission filed a civil complaint charging McDonald and Hercules with violations of federal securities law. "As long as there's fear in the markets, these premiums are going to stay high," he said. Do you have a blog? The S&P 500 is trading at about 23 times projected forward earnings. All rights reserved. Yet at the same time, people of color are facing an outsized financial hit from the coronavirus pandemic. Copeland, who graduated from and now teaches at the University of Pennsylvania, has been a longtime advocate for increased financial literacy. 7 seed Louisiana in the second round on Wednesday, March 1 at 8:30 p.m. With the Super Bowl around the corner, who do you want to win and who do you think will win? Prosecutors allege that McDonald concealed massive financial losses from some clients and used some investment money for personal expenses, spending some of it at a Porsche dealership and on a website that sells designer menswear. McDonald was the CEO of Los Angeles County-based Hercules Investments and Index Strategy Advisors Inc., prosecutors said. The ideal client would have a portfolio of stocks that have appreciated with the market and while offering great growth potential is susceptible to a market downturn. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox. This fund is for qualified investors only. james mcdonald hercules investments wife. So, common sense would say, what changed in one year for a 50% premium in a market that most people would agree has been propelled with no monetary policy and stimulus? His advice to Black youths today: Dont financially limit yourself, no matter what others say to you or believe about you. He is among the investors who have cashed in the market's turmoil, thanks to strategies he adopted ahead of time to profit from this kind of volatility. If markets rise, our fund is managed to match or exceed that growth based on our ability to go long or short with index options. And even still, there is the risk of mutations, the continuation of sickness, hospitalizations, and fear will cause stagnation for the reopening concept. Instead, it is something people need to seek out. Employment levels have increased slightly, but we are artificially keeping our economy going with stimulus checks and obviously all of the Feds actions. From nearby Copenhagen, the Danish economist deconstructs Europes worst conflict since World War II and the implications for economies and markets now and in the future. In a portfolio with a beta of one, one would enjoy virtually 100% downside protection with an allocation of 15% to the Hercules fund. Instead of focusing on what you may need or think you can't have, find out what it is you truly want in your life and work tirelessly towards that goal, he advised. On September 21, 2022, the SEC announced charges against James Arthur McDonald, Jr. and his SEC-registered investment adviser firm, Hercules Investments, LLC in connection with two fraudulent securities offerings. LOS ANGELES, Oct. 10, 2019 /PRNewswire/ -- Award-winning derivatives investment management executive James A. McDonald, Jr. today announced that he has launched Hercules Investments LLC,. Long Beach Polytechnic (CA), PFR HOF Monitor: 0.98 (481st among TE, average HOF TE is 97.46). There is nothing like self-empowerment: Feeling like you have the tools within yourself to kind of move forward, said Eison, who credits his mother for helping shape him into the man he is today. She told him that he needed to learn the material and she couldn't help him. And I think that that will trigger selling of portfolios that have had extensive gains, particularly in the past six months. And so the more fear exists in markets, the better the strategy performs. Absolutely. Prior to founding Hercules Investments in 2019, he was CIO of Vishnu Wealth Management and CEO and founder of Index Strategy Advisors where he led the firm for nine years. Yet it's not his only passion he had a 12-year. Get this delivered to your inbox, and more info about our products and services. Discover your dream home among our modern houses, penthouses and villas. * Selected james mcdonald hercules investments football Pro Bowl, + First-Team AP All-Pro, Bold League..., particularly in the small cap space that dont have the cash to pay debt! James McDonald, plays in Major League Baseball. [ 2 ] [ 2 ] Superior Courts Norwalk. 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