Comments on: Be “Dumb and Rich with TD Circ 570’s” http://www.stockgumshoe.com/2008/12/be-dumb-and-rich-with-td-571s.html Frustrated or intrigued by email teasers from investment newsletters and advisers? We solve them and track their performance here ... so stick around, participate and subscribe (it's free)! Sat, 21 Nov 2009 05:52:09 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Withheld http://www.stockgumshoe.com/2008/12/be-dumb-and-rich-with-td-571s.html/comment-page-1#comment-8458 Withheld Tue, 07 Apr 2009 02:34:35 +0000 http://www.stockgumshoe.com/?p=902#comment-8458 Further investigation supports the notion that it's simply investment grade bonds (and fuzzy math) with a good dose of scam for good measure: hxxp://w3.aimnewsonline.com/bondmarkets.html (apologies to those who are offended by posting of links; sympathy for those who actually paid for that crap). Further investigation supports the notion that it’s simply investment grade bonds (and fuzzy math) with a good dose of scam for good measure:

hxxp://w3.aimnewsonline.com/bondmarkets.html

(apologies to those who are offended by posting of links; sympathy for those who actually paid for that crap).

]]> By: StockGumshoe http://www.stockgumshoe.com/2008/12/be-dumb-and-rich-with-td-571s.html/comment-page-1#comment-8000 StockGumshoe Thu, 26 Feb 2009 12:08:04 +0000 http://www.stockgumshoe.com/?p=902#comment-8000 The "TD Circ 570" ad wasn't from Stansberry & Associates, just to be fair/clear -- it's from the Investors Daily Edge folks for their Bond Trader newsletter. Stansberry's bond newsletter is called True Income, FYI, we've written about that one plenty of times, too. The “TD Circ 570″ ad wasn’t from Stansberry & Associates, just to be fair/clear — it’s from the Investors Daily Edge folks for their Bond Trader newsletter. Stansberry’s bond newsletter is called True Income, FYI, we’ve written about that one plenty of times, too.

]]> By: Thomas Johnson http://www.stockgumshoe.com/2008/12/be-dumb-and-rich-with-td-571s.html/comment-page-1#comment-7999 Thomas Johnson Thu, 26 Feb 2009 03:49:04 +0000 http://www.stockgumshoe.com/?p=902#comment-7999 TD Circ 570. What a joke. Anything put out by Porter Stansberry should be ignored. In fact, some years ago Stansberry was charged by the SEC of selling false information. Why do they allow this guy to participate in the investment business? No wonder so many people think the stock market is rigged. TD Circ 570. What a joke. Anything put out by Porter Stansberry should be ignored. In fact, some years ago Stansberry was charged by the SEC of selling false information. Why do they allow this guy to participate in the investment business? No wonder so many people think the stock market is rigged.

]]> By: StockGumshoe http://www.stockgumshoe.com/2008/12/be-dumb-and-rich-with-td-571s.html/comment-page-1#comment-7933 StockGumshoe Sat, 21 Feb 2009 18:48:56 +0000 http://www.stockgumshoe.com/?p=902#comment-7933 Certainly possible, but I think they just borrowed the term. There aren't that many insured bonds trading at anywhere near 50 cents on the dollar, and the actual bond insurers are risky and often not investment grade. It could be related specifically to surety bonds in another way, but my reading of the ad is that it's just short-term (within 18 months or so to maturity) investment grade corporate bonds that, in at least some cases, are trading as if they're not investment grade. At one point in the ad they specify that they're looking at A- and above ratings. And you're right, I could easily be off on the specific bonds, the details were certainly not a perfect match. Certainly possible, but I think they just borrowed the term. There aren’t that many insured bonds trading at anywhere near 50 cents on the dollar, and the actual bond insurers are risky and often not investment grade.

It could be related specifically to surety bonds in another way, but my reading of the ad is that it’s just short-term (within 18 months or so to maturity) investment grade corporate bonds that, in at least some cases, are trading as if they’re not investment grade. At one point in the ad they specify that they’re looking at A- and above ratings.

And you’re right, I could easily be off on the specific bonds, the details were certainly not a perfect match.

]]> By: Richard http://www.stockgumshoe.com/2008/12/be-dumb-and-rich-with-td-571s.html/comment-page-1#comment-7932 Richard Sat, 21 Feb 2009 18:32:28 +0000 http://www.stockgumshoe.com/?p=902#comment-7932 While I agree that the strategy is an obvious scam, I don't think you found the actual underlying facts. The bonds that you found really don't match the specifics very well. Unfortunately, I don't have any particular knowledge either. Treasury Department Circular 570 deals with companies authorized to issue federal surety bonds. My best guess is that the strategy involves surety bonds, either the companies providing them or the companies receiving them. Hopefully it will be possible to solve this without spending $995. While I agree that the strategy is an obvious scam, I don’t think you found the actual underlying facts. The bonds that you found really don’t match the specifics very well. Unfortunately, I don’t have any particular knowledge either.

Treasury Department Circular 570 deals with companies authorized to issue federal surety bonds. My best guess is that the strategy involves surety bonds, either the companies providing them or the companies receiving them.

Hopefully it will be possible to solve this without spending $995.

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