Investors Should Care What George Soros Is Doing With His Money

As at the last quarter, George Soros, a legendary investor, sold 37% of his stocks holding and bought more gold stocks. When investors such as Soros make such move their action, need to be considered precisely. Soros has made his $24 billion fortune over the last few decades from his speculations on markets trends.

Soros is concerned over global economy, earlier this year, he warned against China economy slump saying that it reminds him 2008 global financial crises according to Soros is not alone, other prominent investors such as Stan Druckenmiller has expressed the same concerns.

The Hungarian –American investors, is the chair of Soros Fund Management, which he created after closing his hedge fund. On average, it generated 30% annual returns on investment. George Soros is known in global platforms as “The Man, Who Broke the Bank of England”, this came after he shorted $10 billion against British Pound in 1992. His speculation was entirely right, and he made $1 billion from a single day trade (1992 UK Black Wednesday).

Soros, 85, is also an active philanthropist. In response to the financial blessing he has received over the years, he supports American Liberal and progressive causes. George Soros has also donated more than $11 billion to broad range community initiatives over the years. Moreover, he will never be forgotten for his significant role in Eastern Europe peaceful transition from communism to capitalism.

History has shown us that leaders with proven track of success leave a wake of success and from an investment point of view, George Sore perfectly fits the bill. Thus, investors should care what Soros is doing with his money.

George Soros move has been replicated by Glenview Capital Management, a global hedge fund led by investment guru, Larry Robbins. The firm has cut its stock holding by 22 percent to 13.6 billion in the last quarter. Besides, Phil Davis, the CEO of PSW investment also echoed Soros moves, and he said that they are on the same page with Soros. Further, he explained gold is a sensible hedge, not just due to anticipated decline on the Dollar, but also due to the expected decline of other global currencies.
Read more on Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner

Considering banks are moving toward negative interest, gold and gold stocks become direct beneficiaries of “risk-off” environment. In 2016, gold emerged as one of the strongest performing markets, while gold stock continues to be among the top performing sectors on the Wall Street. Within the first three months of the year, gold for immediate delivery has experienced 16 percent jump. This comes as the biggest quarterly surge since 1986.

One comment

  • Mariyah Truman
    May 20, 2017 - 12:47 pm | Permalink

    Not long ago Stan stated, he views Gold as his money distribution as banks are going to fight with negative premium. His speculative stock investments profited to its financial specialists. It is indicative of what the essay writer has written about the stock investments too.

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