Should Investors Follow Soros’ Lead on Biotech?

George Soros has been jettisoning different investments lately. Recently, he bet against the Asian markets and moved a large portion of his company’s holdings into precious metal like gold and silver. His latest trade has other investors wondering if they should do the same thing or stick to their guns when it comes to the biotechnology market. He has sold basically all of the Quantum Fund’s holdings in the biotechnology market by selling stock in two different companies in that market and one index fund.

It stands to reason that some people would want to follow his actions. He is considered by many to be the most successful hedge fund manager in the history of the stock market. George Soros consistently brings his investors some of the best returns on the market. He often averages returns of 30%. This incredible. It is also important to note that his fund is big enough that its actions can affect the market as a whole if they are drastic enough. This is why so many investing experts always have their eye on the Quantum Fund’s actions on the market.

The NASDAQ Biotech has performed the worst of the three holdings that Soros sold. This is mostly due to the public perception of many of the companies in the fund. The public opinion of this fund has dwindled in the face of the rising costs of prescription medication. Some say that this is a good reason to sell. Others think that the fund is due to make a turnaround after the next election due to the fact that Hillary Clinton is promising industry-wide reform.

Read more: Billionaire George Soros funds $15M effort to stop Trump, mobilize Latinos

Novavax is a top producer of vaccines in the United States. Gildean makes medicine to treat Hepatitis C. Both of these companies are awaiting trials on upcoming medications.

So, should people follow Soros or not? Those that think the presidential election will turn things around could be right. You also can’t fault those that want to follow in the footsteps of Soros either. George Soros is one of the most successful people in the history of the stock market when it comes to predicting when certain market are going to experience down cycles. He predicted the collapse of the British pound in 1992.

The trade sticks out even more because Soros has not been very active with his fund in recent years. He has basically been in retirement for at least the year. He had the holdings for just one quarter. It is going to be interesting to see what Soros decides to do next.

Learn more:
The Daily Beasts
Investopedia

Sanjay Shah: Looking for Autism

In today’s world, the more we can give back and the more we can care, the better off we will all be in the future. That is exactly what Sanjay Shah Denmark is doing along with his wife Usha when it comes to their event Autism Rocks. This is something that is very near and dear to their hearts as they have a child with autism. They know all the struggles, the good days, the bad days, and everything in between. Because of this, they go out of their way to help and do their part. By hosting this event, they are getting donations that can go a long way towards making a big difference when it comes to autism.

At the event, there will be performances from Tyga and Flo Rida. I’m always impressed and happy when celebrities take time to help out and give back to others. This is something the couple has done together and they truly care about it. They go above and beyond to make the event as successful as possible for as many people as possible. According to his wife, at the event, there is a lot going on such as live music, fun events like laser tag, crazy golf, zip line, bouncy castle, horse rides, rodeo bull, face painting, inflatable rides, barbecue and a petting zoo. There is truly something for everyone at this event.

Another great thing about this event is the fact that it brings people together. When you have a child with autism, it can be a very lonely world. Sometimes you can find it hard to relate to parents that don’t have children with autism. However, Sanjay Shah and his wife are building a place where children with autism and their families can feel as one. It is a community of people who understand you, treat you with respect, and don’t treat you any differently.

It also gives you a chance to forget about your problems for a little while and have some fun along the way. It can be stressful having an autistic child, but it doesn’t mean you love them any less. However, sometimes you need some time just for yourself and your child to kick back, relax, and enjoy yourselves.

 

Read more about Sanjay Shah:

https://solocapitalsanjayshah.wordpress.com/about-solo-capital-sanjay-shah/