From Agora Financial, ”10-86 ’gaspump payback’ plans” Could this refer to several oil trusts?
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For what I gather it looks like the tease has something to do with Master Limited Partnerships. Which ones specifically? I leave that to our resident guru: Travis Johnson
Guest
DiAne Fischer
October 2, 2011 1:15 pm
Can you give more info on the 10-86 plans being “teased” by Agora? They always give the payouts people supposedly receive but never the original or total investment made to get the payout. Thanks.
Publicly treaded limited partnerships have many tax hazards that can be very significant and should be avoided at all costs. Section 754 of the Tax Code is very tricky and not something most people should tangle with.
I do not understand the tax hazards of MLP. Worst can be that all income may be treated as ordinary income. So 10% from MLP might be equivalent to 6% after tax income. It is still better than .5% offered by banks
My sentiment is that it tends to be more of a “tax pain in the arse” than a “tax hazard” as a small investor, but that may not be the same for everyone.
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jerseygirl726
October 23, 2011 10:13 am
HAH! I loved the way it sounded and actually fell for it, but since they accept only credit card payments (not debit card, even though you pay for the whole year all at once), I was going to contact them and see if we could work this out somehow. So I began doing research on Agora. First thing that pops up is this SEC lawsuit against them (Civil Action No. MJG 03 CV 1042). Even just scanning through the first two pages, the SEC has absolutely nothing good to say about them. They also own something called “Pirate Investors.” I look at life this way…if you get into bed with someone who has told you in advance they are a thief, then you deserve whatever you get!
Thsi was a 2002 suit directed at Porter Stansberry, who wrote for Agora at that time, but is no longer with Agora. Stansberry now operates his own newsletter publication group, Stansberry Investment Advisory. I am not certain if this event which occurred 10 years ago is at all relevant to the current line up at Agora. DISCLAIMER: I do not have any financial interest in Agora and am not related to anyone who works at Agora. I do subscribe to a number of their newsletters.
MLP’s do give you tax advantages as you have dividends written down as return of capital which are capital gains if and when you sell them. You also get tax info and can use Turbotax to load in the info. I loaded it with HRBlocks software with no problem. You can also put these in a Roth IRA and avoid the paperwork. I presently have MLP’s in a Roth IRA and in brokerage accounts.
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Agora Tease
For what I gather it looks like the tease has something to do with Master Limited Partnerships.
Which ones specifically? I leave that to our resident guru: Travis Johnson
Can you give more info on the 10-86 plans being “teased” by Agora? They always give the payouts people supposedly receive but never the original or total investment made to get the payout. Thanks.
I found the following:
http://seekingalpha.com/article/161567-the-nine-best-natural-gas-oil-pipelines-for-income-and-capital-gains
It was published in 2009 but might get you started.
Jim Nelson is talking aboutthe 10-86 plans and other money making ideas, is he to be trusted?
Publicly treaded limited partnerships have many tax hazards that can be very significant and should be avoided at all costs. Section 754 of the Tax Code is very tricky and not something most people should tangle with.
Thanks for the prodding, folks — in case you didn’t see it, I just wrote the 10-86 plans up yesterday here: http://stockgumshoe.com/reviews/lifetime-income-report/gaspump-revenge-thanks-to-reagan-using-10-86-payback-plans/
I do not understand the tax hazards of MLP. Worst can be that all income may be treated as ordinary income. So 10% from MLP might be equivalent to 6% after tax income. It is still better than .5% offered by banks
My sentiment is that it tends to be more of a “tax pain in the arse” than a “tax hazard” as a small investor, but that may not be the same for everyone.
HAH! I loved the way it sounded and actually fell for it, but since they accept only credit card payments (not debit card, even though you pay for the whole year all at once), I was going to contact them and see if we could work this out somehow. So I began doing research on Agora. First thing that pops up is this SEC lawsuit against them (Civil Action No. MJG 03 CV 1042). Even just scanning through the first two pages, the SEC has absolutely nothing good to say about them. They also own something called “Pirate Investors.” I look at life this way…if you get into bed with someone who has told you in advance they are a thief, then you deserve whatever you get!
Thsi was a 2002 suit directed at Porter Stansberry, who wrote for Agora at that time, but is no longer with Agora. Stansberry now operates his own newsletter publication group, Stansberry Investment Advisory. I am not certain if this event which occurred 10 years ago is at all relevant to the current line up at Agora. DISCLAIMER: I do not have any financial interest in Agora and am not related to anyone who works at Agora. I do subscribe to a number of their newsletters.
MLP’s do give you tax advantages as you have dividends written down as return of capital
which are capital gains if and when you sell them. You also get tax info and can use Turbotax to load in the info. I loaded it with HRBlocks software with no problem. You can
also put these in a Roth IRA and avoid the paperwork. I presently have MLP’s in a Roth IRA
and in brokerage accounts.