Leave a comment

REVISIT CTL. PENSIONS. SCAMS.

May 3, 2018

We recently suggested you buy a small position in CTL, which pays 11%.

Due to declining markets over the last two days, CTL is now a dollar CHEAPER.  The momentum is still up on this stock, and if you did not buy a few days back, you should look at buying a position today.  Don’t let the volatility scare you away from CTL.

_____

Respondents told poll takers at USA Today and Suffolk University in a recent survey:
“Nearly two-thirds of adult U.S. citizens will stay away from the polls during the coming midterm elections, and they say they have given up on the political parties and a system that they say is beyond reform and repair…

A majority of those non-voters would like to see a third party or multiple parties.” –Suffolk University

And the corruption in government is becoming apparent to those who choose to opt out of voting. About 68 percent of independent voters and party registered voters who say they are unlikely to vote this year agreed with the statement:

“I don’t pay much attention to politics because it is so corrupt.”

https://www.zerohedge.com/news/2018-04-30/almost-23-americans-have-given-political-parties-citing-corruption-government

_____

We all know that e-mail and the internet is loaded with scams and spam.  But that old-fashioned direct mail industry (yes those envelopes you get in the mailbox) is still alive and well.

Last week we got an envelope (we get these often) from ‘Michael London”.  Of course it was obviously spam but we opened it anyway to see what was going on.

To make a long story short, it was pushing an investment.  But if you go way back to page 15. buried in the half page of mice type you get this:

“These materials are a solicitation for subscriptions for the newsletter and a paid promotional advertisement of (investment)……”

In other words the Company ITSELF is paying a PR firm to promote their own stock thru this deceitful mailing.  Don’t buy into these fake newsletters and scam companies.

_____

Don’t plan on getting your pension!!  Pension funds are in serious trouble and you need to start watching this if you plan on getting a pension from your employer.  Better start saving.  Read this.

“Today, the hard stop is five to 10 years away, within the career plans of current officials. In the next decade, and probably within five years, some large states are going to face insolvency due to pensions, absent major changes.

If we extrapolate from the past, rather than use promises in the state budget, current employees plus the state will contribute about $25 billion over those seven years, which could provide another few years before the till is empty. But it will also add around $60 billion of future liabilities to current employees. The system probably breaks down before the pension fund gets to zero, for example if assets were to fall below $30 billion while projected future liabilities exceeded $300 billion. Even the most optimistic people would have to admit the situation is unsustainable. This could happen in three years in a bad stock market, or perhaps 10 with good stock returns. But fund assets are so low relative to payouts that good returns aren’t that helpful.

The next phase of public pension reform will likely be touched off by a stock market decline that creates the real possibility of at least one state fund running out of cash within a couple of years. The math says that tax increases and spending cuts cannot do much.”

https://seekingalpha.com/article/4166196-pension-crisis-worse-think?app=1&uprof=46&isDirectRoadblock=false

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: