October 31st, 2009
| Posted in
Finance :: Tax
On November 28, 2008, landamerica 1031 exchange services (LES) company announced that it is ceasing operations. In a letter to customers, the company said that it is closing its doors after investment losses in now illiquid auction rate securities. “LES has long invested 1031 deposits only in Investment Grade Securities Rated A or stronger, including auction rate securities backed by federally guaranteed student loans. Our goal for the exchange funds has been to maintain the full liquidity necessary to meet customer withdrawal demands. The auction rate securities in our exchange funds, which were sold to us by certain financial institutions, were highly liquid for many years.”
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October 23rd, 2009
| Posted in
Finance :: Wealth-Building
I’ve recently become interested in 90% Junk Silver Coins.
I’d like to get exposure to silver, and it turns out old silver coins are a great way to do it.
I’ve been researching silver Morgan dollars for a while, now, and I think it’s time to take action, before precious metal prices go even higher.
With the rate the national debit is growing, inflation is inevitable. These coins are a great protection against it.
Maybe your comments will help settle it.
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