Govt. Authorized Monthly Codes-Profit Confidential-LombardiTravis: At age 75 I’ve stopped trying to figure out anything more complicated than where I left my glasses. So could you shed a bit of light [or dark] on this subject? Thanks John A.
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I have never heard of ‘income codes’. This is a made-up term, as you will see below.
After watching the video, I was given a copy of the video transcript. So I am now able to cut and paste some of the statements made, followed by my comments.
“The Federal Reserve took extraordinary actions in response to the financial crisis to help stabilize the U.S. economy and financial system.”
It’s these actions that directly led to support for what I call the “Automated Income Codes.”
ME: Wait a minute. What you call the “Automated Income Codes”? What does everyone else call them? And how does the Fed support them?
“In my research, I found that the companies the Federal Reserve helped the most during the Credit Crisis have given investors the best returns since 2009.
A small group of these companies were responsible for 63% of the average daily debt owed to the Fed by all the U.S. banks, investment firms, and money managers at the height of the Credit Crisis.
It’s these companies—the ones that got the most help from the Fed during the Credit Crisis and that have subsequently returned the most to investors—that I’ve dubbed the “Automated Income Code” payers.”
ME: So “Automated Income Code” payers are those companies that got the most help from the Fed. And these companies have returned the most to investors. Most? The most out of a group of what?
“That’s why I’ve just finished putting together the research report, Three Best Automated Income Codes: Fastest Way to Six-Figure Investment Income….
…Let me tell you a little about each of the companies behind these Codes:
Automated Income Code #1 is issued by the fifth largest company in America (based on total revenue) and the world’s largest wealth management company…”
ME: An American company – the world’s largest wealth management company. That’s Bank of America Global Wealth & Investment Management.
“…Automated Income Code #3 is issued by a company that recently celebrated its 200th year in business. Based in New York, it is the third largest bank holding company in the U.S.”
ME: That’s JP Morgan.
“…The only condition is that you take a 30-day trial run of my investment advisory, Automated Income…
In my monthly Automated Income newsletter, aside from recommending and monitoring specific “Automated Income Codes,” I recommend “income” stocks issued by companies with a long history of increasing their dividend payouts…”
ME: So, large bank stocks that pay dividends. The newsletter is $97.50 for six months. That’s 6 newsletters at $16.25 each. And the subscription automatically renews unless you successfully cancel it. It appears that George Leong is in the business of selling newsletters, and that is the purpose of this video. So that’s what I found out about ‘Income Codes’. It’s a term that George Leong coined for the purpose of selling his investment newsletter.
Nicely done, Dawn. Haven’t looked at this promo myself, often they use “income codes” as a way to obscure the fact that they’re recommending selling call options, but sounds like this one is even simpler. And less mysterious.
Dawn:
When I first read this ad for Lombardi’s $10 Retirement Plan, I thought the SRPs (Sponsored Retirement Plans) which George Leong described were Dividend Reinvestment Plans (DRIPs). DRIPs are plans offered by a corporation that allows investors to reinvest their cash dividends by purchasing additional shares or fractional shares on the dividend payment date, commission free & at a significant discount to the current share price. Because of this, our government (to protect broker’s commissions) suppresses publicity of these plans by regulation.
Could I be correct? Your explanation seems far more complex. Any subscriber/readers of Lombardi’s $10 Retirement Plan have any clarification for us puzzled Irregulars??
I haven’t seen that ad yet, but DRIPs are pitched frequently under many such guises. I think they’re great for forcing some “monthly investing” discipline, particularly for smaller accounts or younger investors who really benefit from the fractional shares — but they’re not nearly as important for individuals these days as they were 25 years ago when everyone had to pay huge commissions at full-service brokers. Discount brokers do much the same thing, usually at low or no cost.
I don’t think SRPs are DRIPs. Lombardi says you receive money once a month from the company.
trying to find the best companies that have stripes that I can invest
How much did it cost you guys to set up an account initially and how much do any of you spend monthly…I don’t have much money to doare