Market update. Time running out on no risk CD. October 4, 2013 update. Please read.

 

Turkey Matters is in full swing- I match your funds to the foodbanks- Mail me a check the foodbank (with their address if out of town) and I match your funds- make check to the food bank of your choice! Mail to exactly as listed below:

PMB 101

578 Sutton Way

Grass Valley, Ca 95945

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Time is running out, only a few days left.

The Safe Market CD.

I bought one for my family and I think this CD should be considered by anyone with over $1,500.00 that they can afford to tie up for 5 years. The deadline was extended due to all the demand. Apparently so many people agreed with me on the timeliness and advantages of this CD the demand was overwhelming so they extended the deadline but it ends in 2 days.

Don’t miss out this time around as it has been a few years since the last one was offered and it may be another long spell if you miss this one!

The application form is a bit confusing but stick with it. If you get a page that won’t forward to the next you may have to use TWO WORDS somewhere or sometimes redo the form. It may even crash but call Everbank to walk you through completion of the application if you get reoccurring problems but do not close the application. It will only delay the process!

You will get thru it so keep at it!

Here is how it works:

  1. No risk of principal. You will at the minimum get all your money back as it is FDIC INSURED.
  2. It has a 5 years tie up with no interest. (Matures September 18th, 2018
  3. It is tied to 4 currencies: Columbia, India, Mexico and Turkey.
  4. If the market performance is greater than 0 %, you get 15 % !
  5. If the market performance is less than 0%, you get all your money back.
  6. You also get 100% of the upside so your profit potential is essentially unlimited!
  7. No fees.

Since we are hedging against a US dollar fall, this CD is an option and the only vehicle I know where I may possibly protect against inflation yet risk nothing and we could make a ton!

No risk and major upside potential. That is a steal of a deal in my opinion and I am buying one immediately for my family.

Here is the link so you get the correct product. Make sure you buy the right one and read the prospectus before you buy anything but I think you are going to LOVE THIS CD. Remember they don’t come around very often and I get listeners and readers all the time saying they were sorry they missed a Money Matters recommended product.

Don’t miss out this time!

Use the below link to get the MarketSafe CD:

https://www.everbank.com/investing/marketsafe/evolving-economies?referID=13286

 

Market notes:

Well heck, what are the markets doing anyhow! What is Washington doing! No budget, no agreement, no nuthin! These guys cannot agree on anything.

Democrats want to fund OBAMACARE and Republicans do not. My opinion is that OBAMACARE is bad medicine. The Unions seem to agree with me now. Here is their letter and what a letter it is!

Dear Leader Reid and Leader Pelosi:

When you and the President sought our support for the Affordable Care Act (ACA), you pledged that if we liked the health plans we have now, we could keep them. Sadly, that promise is under threat. Right now, unless you and the Obama Administration enact an equitable fix, the ACA will shatter not only our hard-earned health benefits, but destroy the foundation of the 40 hour work week that is the backbone of the American middle class.

Like millions of other Americans, our members are front-line workers in the American economy. We have been strong supporters of the notion that all Americans should have access to quality, affordable health care. We have also been strong supporters of you. In campaign after campaign we have put boots on the ground, gone door-to-door to get out the vote, run phone banks and raised money to secure this vision.

Now this vision has come back to haunt us.

Since the ACA was enacted, we have been bringing our deep concerns to the Administration, seeking reasonable regulatory interpretations to the statute that would help prevent the destruction of non-profit health plans. As you both know first-hand, our persuasive arguments have been disregarded and met with a stone wall by the White House and the pertinent agencies. This is especially stinging because other stakeholders have repeatedly received successful interpretations for their respective grievances. Most disconcerting of course is last week’s huge accommodation for the employer community—extending the statutorily mandated “December 31, 2013” deadline for the employer mandate and penalties.

Time is running out: Congress wrote this law; we voted for you. We have a problem; you need to fix it. The unintended consequences of the ACA are severe. Perverse incentives are already creating nightmare scenarios:

First, the law creates an incentive for employers to keep employees’ work hours below 30 hours a week. Numerous employers have begun to cut workers’ hours to avoid this obligation, and many of them are doing so openly. The impact is two-fold: fewer hours means less pay while also losing our current health benefits.

Second, millions of Americans are covered by non-profit health insurance plans like the ones in which most of our members participate. These non-profit plans are governed jointly by unions and companies under the Taft-Hartley Act. Our health plans have been built over decades by working men and women. Under the ACA as interpreted by the Administration, our employees will treated differently and not be eligible for subsidies afforded other citizens. As such, many employees will be relegated to second-class status and shut out of the help the law offers to for-profit insurance plans.

And finally, even though non-profit plans like ours won’t receive the same subsidies as for-profit plans, they’ll be taxed to pay for those subsidies. Taken together, these restrictions will make non-profit plans like ours unsustainable, and will undermine the health-care market of viable alternatives to the big health insurance companies.

On behalf of the millions of working men and women we represent and the families they support, we can no longer stand silent in the face of elements of the Affordable Care Act that will destroy the very health and wellbeing of our members along with millions of other hardworking Americans.

We believe that there are common-sense corrections that can be made within the existing statute that will allow our members to continue to keep their current health plans and benefits just as you and the President pledged. Unless changes are made, however, that promise is hollow.

We continue to stand behind real health care reform, but the law as it stands will hurt millions of Americans including the members of our respective unions.

We are looking to you to make sure these changes are made.

James P. Hoffa
General President
International Brotherhood of Teamsters

Joseph Hansen
International President
UFCW

D. Taylor
President
UNITE-HERE

For now we know not what will happen. Both sides seem set in their arguments. Tread carefully in the markets.

All for now,

Marc