26F PROGRAMDOES ANYONE HAVE INFO ON 26F PROGRAM?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
DOES ANYONE HAVE INFO ON 26F PROGRAM?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
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I’m curious about this also as I saw this on FB today. Doesn’t make much sense to me. The returns are incredible, but I think it’s from some lucky penny stock investments with insane returns.
sounds like ETF’S To me
The only loophole closing in April is the one allowing brokers to overcharge retirement plan participants and to hide the commissions.
I am interested but can’t figure out how to sign up.
I still have no idea what a 26(f) is? can someone who really knows explain it?on one hand, it sounds like it is simply a rule that money mgrs have to be more transparent, and on the other hand, it seems as if it has to do with investing. please someone who really knows explainmit all? thanks.
mark
I came across this site that explains it, it does sound good but not sure and certainly don’t want to miss out cuz there can be some truth to this. Check it out. http://www.moneymappress.com a long video, will sell you the info on how to and what to buy 26F.
I’m aiming my stock portfolio to marijuana stocks, it’s ground floor and time to make money.
Phil
philip, which pot stocks do u think will do well ?
erbb,grnf,msrt,mjna,mcig,grnh,hemp and cbis, up 24+% in 2 months! Just now starting to cook!
stock symbol CBIS
Me too buying Marijuana stocks to.
Don’t overlook OWC a pharma that’s gone up 30% in last 3 days and 1425% over the last year.
The marihuana stocks are a smart buy and now is definitely the time to invest, as more and more states legalize it. I don’t begin to claim I’m an expert on any of this, Phil. I’ve just done a fair amount of reading and a little bit of investing.
There is one piece of advice I’d offer: take a long look at the companies that are involved in research into the medicinal potential of pot. Some of these are still in the penny stock category, but worth exploring… like AMMJ, CBIS, AGSTF. I recommend small, careful investments right now. You don’t need to spend a ton of money to make a ton of money on penny stocks.
Finally, ou might also want to check OWC a pharmaceutical company some believe is one the verge of some important breakthroughs. There aren’t any guarantees in life – especially in the penny stock market – but it did go up; 30% in the last 3 ays and a whopping 1425% in the last year.e
Where do you buy penny stocks; this is new to me.
I took heard the long video. That should have told me something right there. There’s always a long video just before they ask you for money even though the spokesperson was saying he’s sending you the newsletter for free. Apparently he’s a financial strategist and a part of moneymappress. Moneymappress however is not accredited by the BBB (according to BBB site). Weirdly enough they rate it anyway as A+ even though below the rating customer reviews are 5% positive reviews, 11% neutral and 84% negative???? When I first started listening to the video I thought 26(f) programs were something rich people knew about and someone was about to give me the inside scoop. The spokeperson says that you can get a 26(f) at a financial institution so I went on a couple of banking websites ( Bank of America and Citi ) and typed 26(f) into the search. I think my computer said “HUH?” out loud. Wouldnt trust this unless I walked into a bank or other financial institution and asked a real person if they ever heard of a 26(f)…………………..marijuana investment sounds like a good idea though.
http://pro.moneymappress.com/MMR26F39/PMMRT123/?iris=614537&ad=gip&advText=yes&_ga=1.251821513.1955741440.1486157640&h=true
Nothing is coming up researching going to ask my ,FA about it
http://moneymorning.com/2016/12/21/how-a-26f-program-can-save-your-retirement/
I found this information http://moneymorning.com/2016/12/21/how-a-26f-program-can-save-your-retirement/
I’ve noticed that every avenue to 26F leads back to http://moneymorning.com/2016/12/21/how-a-26f-program-can-save-your-retirement/, where you have to purchase a subscription to get more info.
Do you think its a scam?
the rich have been using this to get rich for years.
guess you have to know someone to get it, the government doesn’t want their dirty little secret out. Or you can pay some rich dude and he will give you just enough info to keep you busy till your can’t get your refund. Thats ok for him though cause he made a fortune off of some printed materials.
You learn nothing from listening to the 50+ minute video. It is just a big commercial for books and services from the speaker. You never learn what exactly the 26f program is. My experience has been when a person never gets to the point or “bottom line” of what a program is, how it works, what involvement/investment is required by person, etc. is because there is nothing to it. I would suggest googling the supposed 26f of the Labor Code to see if it actually exists and what it is. Stay clear of this guy, his products, and his propaganda!
i did notice this keith fizgerald is definitely on CNN all the time talking about stocks etc…….
Watched the first part of this video. He states up front that this group of programs is what HE LIKES TO CALL 26f programs. He’s just trying to sell his materials. You’d do better researching the labor code he references to see if any changes are coming for that or any other part of it.
This is just a quick way to collect fast money from innocent folks!
but i still cannot find anything out about the 26f stuff fitzgerald is taking about…. i googled the dept of labor etc….. it seems hard to find…..
There is no such thing of 26(f) program. These actually are regular mutual funds which you can invest with your retirement account or regular brokerage account. They are not typical retirement funds. I have two of these funds in my individual brokerage account for some years . I just searched fidelity funds and picked what I liked.
Wikipedia says it does not exist,,,
I read something convincing on Wikipedia once…after I wrote it on Wikipedia
I still do not know what a 26f program is but I do no that the top 10 recommendations that are made are a list of mutual funds. Do not see how mutual funds can give the returns the video indicates.
The video is sneakily giving you the impression that those kinds of returns are ordinary for mutual funds, which is what Fitz-Gerald is referring to with that “secret” 26(f) name — they aren’t (and some of those huge percentage numbers in his graphics aren’t actually referring to “26(f)” returns, they’re just there to wow you with their commas). I wrote about that in some detail yesterday here: http://www.stockgumshoe.com/reviews/money-map-report/explaining-26f-programs-and-the-retirement-blackout-on-april-10-teased-by-keith-fitz-gerald/
Short answer? There is no secret. The examples are either fortunate returns over short periods of time, or exaggerated results of long-term commitment to savings and consistent diversified investment (mostly through mutual funds in the examples given, though in many cases diversified equity portfolios of any kind would have had similar returns given those inputs).
Thank you, Travis for the article that you published on 1/18. Very informative. That video about 29(f) is indeed too long.
Thanks Travis,I found nothing after paying their subscription fees two months back
how do you join up
I think Simpson had it right. It’s a long video with nothing more at the end except purchasing his books and C.D’s. If it was something really legit, the advertiser would get right to the point, with easy instructions on how to invest. In my opinion, the 26F – stands for: 26 ways to “F” you…
Well put Sk!
A 26F is nothing more than a dividend reinvestment plan that corporations must allow you to get into their dividend reinvestment plan simply by calling up the transfer agent office and filling out a form with enough money to buy 1 share of stock but they can cancel you if you have under 50 shares or you quit making contributions. Under FINRA they must have to disclose how much they are charging you and it also cuts back how much they can charge you
OK! I fell for it and committed to $39. Soon after I was hit with a 79 dollar ding on my card. Wow! If you can’t trust them up front, you sure as heck can’t trust them down the road.
Me too. Cancelling my subscription today. May have to enlist your credit card co. to dispute the charge. Almost certain to get your $79 back.
I recommend you read ” 26(f) USAA Member Community” discussion page 2.
https://www.gpo.gov/fdsys/browse/collectionCfr.action?collectionCode=CFR&searchPath=Title+26%2FChapter+I%2FSubchapter+F&oldPath=Title+26%2FChapter+I&isCollapsed=true&selectedYearFrom=2016&ycord=1187
I work at a tax accounting office, a client asked the CPA about 26F today and he had no clue, had never heard of it. I think it’s all just a scam.
It is a total scam
WHAT Is the website to join in i want in,
Don’t