Talk about the past coming back to haunt you...
Way back in the 1990s, banks uncovered a novel way to save money on taxes and employee benefits by - get this -
betting on their employees dying.
I'm not joking.
An obscure investment known as bank-owned life insurance (BOLI) made it all possible. The banks simply purchased life insurance on their employees in bulk, and named themselves as the beneficiaries.
So if an employee dies, the bank profits.
I know. Nothing could
possibly go wrong with such an arrangement, right?
Of course, it did.
And now, some 20 years later, the involvement of one of the world's largest financial institutions in these "dead money" investments is making its stock... well, a "dead money" investment, too.
Few investors realize it, however. Most people are lured into thinking that the bank's mega market cap of $192 billion - and respectable 3% yield - makes it a safe, blue-chip investment.
As you'll find out in a moment, though, it's anything but.
Click here to continue reading...  | Congratulations to our latest readers to lift their restrictions. They're now enjoying access to a market yielding 41 price doubles, on average, every single day. The next 41 price doubles are scheduled to happen tomorrow morning, beginning at 9:30 AM EST. To get positioned, you first need to lift your restrictions. Learn how to lift your restrictions. |
Christmas Just Came Early for Couch Potatoes By MARTY BIANCUZZO, Chief Technology Analyst, Tech & Innovation Daily Each year, roughly $147 billion gets stuffed down the healthcare industry's throat, due to something that's now officially classified as a "
disease."
Obesity.
What's more... that figure has more than doubled over the last decade. (It seems the national waistline is expanding faster than ever.)
However, scientists at The Scripps Research Institute (TSRI) are in the early stages of developing a solution to the obesity problem.
Now, I know what you're thinking...
No, it's not a new fad diet. You don't have to eliminate carbs while only eating seeds.
It's not the latest installment of P90X, either. (Believe it or not, you don't even have to set foot in a gym.)
It's actually a pill you can pop in the comfort of your own home.
Click here to continue reading...
No comments:
Post a Comment
Keep a civil tongue.