[1] He played college basketball at Southern California (USC) and did not play college football. On this Wikipedia the language links are at the top of the page across from the article title. Javascript is required for the selection of a player. Why is this public record being published online? And Ford has struggled," said Hercules Investment CEO James McDonald on Yahoo Finance's The First Trade. "But it's not going to erase the negative revenues and the negative industrial output probably for Q2.". 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. As of January, the unemployment rate for Black Americans was at 9.2% compared to 5.7% for white Americans, according to data from the Federal Reserve Bank of St. Louis. 2022-08-22, California Courts Of Appeal | Other | [1] He played college basketball at Southern California (USC) and did not play college football. Yet only 14.5% of the global market has been penetrated. To be clear, you expect a risk event this year will take the Dow down to 15,000 but by year end it will finish higher than today? And debt has spiraled over 50% higher to GDP than where we were last year this time. DocketMinute Order (Court Order RE: Default Judgment), DocketCertificate of Mailing for (Court Order RE: Default Judgment) of 07/14/2022; Filed by: Clerk, DocketCase Management Conference scheduled for 08/10/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 55 Not Held - Vacated by Court on 07/14/2022, DocketOn the Complaint filed by Loui Rudas, et al. Vaccinating the public will not happen as quickly as most expect. Copyright 2000-2023 Sports Reference LLC. In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they've learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap. "There are going to be explosive opportunities for investors," says James McDonald, CEO of investment firm Hercules Investments on November 12. DocketRequest for Dismissal; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); Hercules Investments, LLC, a California limited liability company (Defendant) et al. It is your superpower, it can be your superpower. Request for Dismissal; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); Hercules Investments, LLC, a California limited liability company (Defendant) et al. The uncertainty around COVID-19 and risks of rising inflation were the impetus for launching the fund. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based . 2022-03-08. Disclosure: Invest in You: Ready. 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. james mcdonald hercules investments wife. Believe that you can accomplish and do whatever you need to do for yourself financially.. 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. Do you still have a 15,000 target on the Dow? Go after what you want, and be all that you can be.. While working at a military commissary unloading grocery carts and delivering the groceries to cars, he would receive tips. Los Angeles Financial Services Companies. James Arthur McDonald Jr., 50, was charged with a single fraud count and could face up to 20 years in prison if convicted, the U.S. attorneys office said in astatement. 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. Do you have a blog? Key stock indexes, which are market cap based, are near record highs. Times Syndication Service. In early 2021, McDonald solicited millions of dollars worth of funds from investors in the form of a purported capital raise for Hercules but misrepresented how the funds would be used and failed to disclose the massive losses Hercules previously sustained, the statement said. The potential for growth is there, but the conditions for growth are not because we are artificially providing income. James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. I want everybody to win. Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. Dylan Smith (CFO, Box) "For me, reading. "I was able to graduate. Hercules Investments. He also stressed the importance of financial literacy. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, So, I think over 75% of the gains in the S&P 500 in 2020 could be attributed to a handful of names. He also gained a valuable lesson when he was 16 years old. 6,971 Number of Organizations $13.3B Total Funding Amount 1,202 Number of Investors. Despite the challenges of Covid, equity markets have pushed to all-time highs on most indexes in a fashion that would suggest there is no risk in the market. James McDonald, the founder of the Los Angeles-based firm Hercules Investments, has profited from the market's recent volatility using stock index . View history James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. "We have not had a single loser because of this environment and it makes no sense to do anything else at this point. Or write about sports? Im going to play on my own team and practice. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based on his wrong prediction that the stock market would drop. All rights reserved. My dream is to buy an NFL team. Yet at the same time, people of color are facing an outsized financial hit from the coronavirus pandemic. Hercules Investments is part of the Finance industry, and located in California, United States. And the best part of all, documents in their CrowdSourced Library are FREE! The CEO and chief investment officer of Hercules Investment, a Los Angeles-based RIA, saw his college football career cut short by a catastrophic knee injury that sidelined him for 15 years. [2] That means there's a whole lot of opportunity for both streaming service providers and their investors. Yahoo Finance's Alexis Christoforous and Brian Sozzi speak with James McDonald, CEO of Hercules Investments, about the latest market moves. Please read our Terms and Conditions, Modern Slavery Act Transparency Statement, and Privacy Policy before using the site. Here are his plans, Black-owned businesses hope this round of PPP won't fail them, Black leaders offer several key steps to help close the racial wealth gap, Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox, New cars are still selling for over MSRP. He is now shifting to what he calls a Gamma Yield strategy that's designed to take advantage of excess volatility and fear in the market. When the US economy showed signs of vulnerability last October, James McDonald took special notice. James McDonald, founder of the Los Angeles-based firm Hercules Investments, has profited from the market's recent volatility using stock index options. You can help Wikipedia by expanding it. Summons on Complaint; Issued and Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Hercules Investments, LLC, a California limited liability company (Defendant); James A. McDonald, Jr., (Defendant); Erin Maureen Schmidt (Defendant) et al. 2022-03-10, Los Angeles County Superior Courts | Property | With the Super Bowl around the corner, who do you want to win and who do you think will win? James McDonald, CEO of Hercules Investments, is using equity index options to profit from an expected surge in volatility and market swings. The equity markets have behaved puzzlingly well in 2020 with the backdrop of a global pandemic and lots of uncertainty around the evolution of the coronavirus and its impact on small businesses, households, and way of life. THE NAMES "Hercules Investments" AND "Hercules Fund". Hercules portfolios are designed to achieve aggressive gains whether markets are rising or falling. Small businesses are suffering tremendously, and theyre always going to be the engine of growth for the economy. "I never believed in financial limits that people tried to put on me, whether it was because of my profession or because of my race, or whether because my family didn't have money growing up," James said. Furthermore, index options provide compelling risk/return profiles with substantially less risk and volatility than their stock option counterparts.. The fact that we were first, the fact that we symbolized what Black Americans can do if given an opportunity was the proudest, one of the proudest days of my life in business.. "There are too many people in my community that the highest level of investment that they know of are CDs [certificates of deposit]," he says. "These are incredibly uncertain times for the stock market and for investors," said James. But buying index call options should remain profitable all the way through the election because smaller pockets of volatility are likely. Hercules has been a great partner for Box since 2008. With this risk in the market, many individual investors have to count on either continued paid stimulus or continued paychecks and loans for small business relief. When was James McDonald born? If you do not agree with these terms, then do not use our website and/or services. Copyright 2023. 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? DocketComplaint; Filed by: Loui Rudas (Plaintiff); Loui and Dragica Rudas as Co-Trustees of The Rudas Family Trust (Plaintiff); As to: Hercules Investments, LLC, a California limited liability company (Defendant); James A. McDonald, Jr., (Defendant); Erin Maureen Schmidt (Defendant) et al. 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. Copeland, who graduated from and now teaches at the University of Pennsylvania, has been a longtime advocate for increased financial literacy. Hercules investments is an award-winning portfolio manager serving growth-focused individual. Bonawyn Eison landed in New York after graduating from Stanford University in 2005 and has been building his career in the financial markets ever since. James McDonald will surely be watching. We spoke with Black leaders about their advice for the next generation, as well as their defining career moments and lessons they've learned. 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. This is not a wealth gap. "$17,150, the median net worth for Black households; $171,000, that's the median net worth for white households. My next report card I had an A., And to this day, math is my favorite subject.. He started Black Entertainment Television with a $15,000 loan in 1980 and in 1991 he launched it as a public company the first African-American-owned one traded on the New York Stock Exchange. All logos are the trademark & property of their owners and not Sports Reference LLC. 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