WIN 21 - Maintaining Control of Your Investments with Helen Davis Chaitman

Welcome to win the Women Investing Network, the podcast where you can learn from successful entrepreneurs, business leaders and real estate investors who are winning in business and life. Learning from others is the fastest way to grow your skills, gain knowledge and avoid pitfalls so you can win. Join our hosts, Elizabeth Embry and Jason Hartman. Elizabeth is a seasoned real estate investor, experienced corporate executive and skilled mentor. Jason is a self made multimillionaire investor, entrepreneur and highly acclaimed thought leader. Together with their successful guests, you'll get the tools you'll need to win.

Welcome to another exciting episode of the Women Investing Network where we help women win in investing and in life. I'm your co host, Elizabeth Embry and hopefully you're enjoying the lovely summer as things start heating up across the US Today. Our guest is Helen Davis Chapman. She's a lawyer that represents many of the victims that were involved in the Bernie Madoff Ponzi scheme. When Jason was speaking with her, she was talking about the fact that there's over 35,000 people that were impacted by the crooked actions that not only Bernie had done and his financial investment organization, but the fact that banks must have known what was going on. And it really does beg the question, how do you know if you're dealing with a crook? You know, just in general, banking and financial institutions don't have a stellar track record. Between the highly dramatic interest rates that have occurred over time, the questionable treasury bonds that are involved with the government, things that my people might invest in, and certainly the fact that, you know, Wall street has had to get bailed out multiple times and still continues to have questionable practices. Certainly if you look at, you know, the actions of Wells Fargo, where, you know, millions of accounts were set up in people's names in a non ethical way, their stock was great, man. If you were an investor in Wells Fargo stock, you did really well until, you know, the nefarious acts were discovered. I don't track their stock, you know, these days, but may you live in interesting times, right? And so if we know that banks and financial institutions aren't necessarily the healthiest, really need to understand who we can invest with, what we can invest in and why are some things safe and something's not so really understanding the lessons learned. For those of you that are more familiar with G. Edward Griffin's story about the creature from Jekyll island and the creation of the Federal Reserve, you know, you know, all of this information already, but basically, in 1910, J.P. morgan leaders at Citibank in New York and leaders at Wells Fargo and a few other Folks created the Federal Reserve, which is neither a federal institution and it has no reserves. It's a private institution. It's not a government institution, and yet it controls the currency of our government. And it's fascinating the impact that it has had on individuals like you and me, on the country as a whole. You know, it's impacted our nation because of the currency manipulation that they do. And the thing that is fascinating, like a train wreck, right? It's fascinating in a kind of a sick way, the impact of the wealth on those select leaders of the Federal Reserve. Their families have gained billions of dollars because of the institution that they established. It makes me want to be, you know, a banker. Right. It makes you want to be a banker. That obviously that's a way to generate wealth for yourself and your family. For sure. Between the Federal Reserve and the elimination of the gold standard, it's a wonder we're not all drowning our sorrows in copious amounts of beer or something like that. So if banks aren't safe and major Wall street investment bankers aren't safe, our institutions aren't safe, then what's left? Well, you know, investing at a local level where you can actually do the due diligence, you can identify the specific and accountable interactions with people that you're dealing with. Basically, having control. Having control, having tangible assets, having a way to validate, you know, often I think one of the biggest challenges that we saw where everybody was buying stock on margin because they were throwing money that they thought was safe into the pool of, you know, the stock market not really paying attention, and then, you know, got devastated when the rug was pulled out from underneath them. They weren't maintaining any level of knowledge, control, or research associated with, you know, the things that they were investing. They didn't know whether these were good companies or bad companies. I mean, let's face it. I mean, I worked for IBM for a number of years, but if I were to invest in IBM stock, I don't go to New York. I don't meet with Jeannie, the head of the CEO of IBM. Talked to her about what she's thinking, that her strategy is, validate that she's got good people managing control of the books. Just don't do that. You can do that if you're investing in local businesses. You can do that if you're investing with local developments in your area, for instance. But you can also do that to a certain degree with real estate. I mean, until the laws change, real estate is very tangible, and it can't easily be seized by the government. It's real commodities, it's cash flowing. So real estate really is a far more stable, far safer investment from a control perspective. Now, I'm not a lawyer, I'm not a cpa, I'm not a real estate agent. I'm not a legal representative. So all investment decisions that you make are in fact, your own. This is not intended to be any specific advice to any one individual. These are general statements. And this is coming from my own experience. Real estate is tangible. It is something that, you know, is there. Now, we've talked a lot about how do you invest in real estate that isn't local to you? How do you invest in real estate that may be across the nation? How do you know if you've got a good deal? And you know, as you know, we've got the Oklahoma City property tour coming up, there's lots of people coming from California, from New York, from Texas, from, you know, wherever that are coming to look at. And actually in the Oklahoma City area, too, to come and look at property in the area. And they're looking at a couple of things. They're looking at what does the team look like, what do the assets look like, what do the neighborhoods look like. So they're doing a level of due diligence of actually validating what it would be like to invest in that market. So they're, in essence, kicking the tires. And just as we did when we did the Memphis property tour, I'll make sure that we get some folks that are doing investing in the Oklahoma City area so that we can get a feel for what they're thinking, the types of things that they're looking at. But you've got the way to do the zip code checks, the Google street checks, etc. When you're looking at specific property that isn't local, but you've got a lot of other ways to validate the assets. We've talked about the fact that you have to establish a team. You have to have people that you're wanting to do business with. So whether you actually physically go there or you do it over the phone, whatever is appropriate for you, but you've got to engage with the team. You're going to be investing with these people for a number of years. You've got to make sure that you're doing the right thing. And that's the thing that's cool, right? You're actually able to talk to them. You're not talking to some representative of some other larger institution that actually is the representative of the people that are making the decisions of which, you know, for instance, in a mutual fund, there's five hops between you and the asset that's being invested in. You've got your local investment person who is then working with the mutual fund company, who is working with the individual stock company, who are working with the CEOs of those various companies and hoping that everything turns right. And of course, with so many hops, there's lots of profit that's being skimmed off the top. You know, which is appropriate. They're providing a service. But still you're a long ways away from that asset. When you're a direct investor, whether it's in a local business or whether it's real estate that's a local or remote, there's an ability for you to do the level of diligence that is needed. So we've talked about, validate that the asset is there, look at it, you know, see what quality it is. Then meet with the folks, talk about, you know, what the neighborhood looks like, what is the trending data that they can provide. You know, is the neighborhood trending up? Is it trending down? You know, what are the types of people that would typically rent in this type of property? The best thing that you can do is experiment and continue to track and validate performance. You know, ask questions, don't be afraid to dig in, but have your tracking activities so that you have an easy way to know. Is this investment profitable? Is it not profitable? If it's not profitable, why not? If it is profitable, what are you doing right, that you can double down. Also be optimistic about your investments, but also be pessimistic when it comes to protecting yourself. So optimistic, you know, looking for the opportunities, finding the creative selves, pessimistic. Thinking about umbrella insurance, whether you should have an LLC or there's some kind of legal protection for the assets because you don't want to work hard, get that investment going and then have it taken away from you for whatever random reason that you might have. So the net of it is get educated. What is the opportunity about? Has it worked for others? What's really involved and what's the actual value of the components? Right? Get familiar, meet with other people that have been, that have or are invested. What do they know? What have they learned? Are they happy? Are they repeat investors? What's their performance that they've actually seen? What level of cash and cash return or ROI are they seeing? Then get involved, stay on top of the information, look at the inspection reports when they come back to you. Do review the annual reports, look at the data that they provide, and make sure that you are in control of your own destiny. This is one of Jason's command. You know, Ten Commandments, right? God shall maintain control. Maintain control of your investments, and they'll perform for you. So with that, happy investing, and let me turn it over to Jason.

My pleasure to welcome Helen Davis Chapman. She's a leading attorney on mortgage lending liability and a legal representative to over 1600 investors impacted by none other than Bernie Madoff. The infamous Bernie Madoff. She's author of JP Madoff, the Unholy Alliance Between America's Biggest bank and America's Biggest Crook. Helen, welcome. How are you?

Thank you so much, Jason. I'm just fine.

It's good to have you on the show. And you're coming to us from New Jersey, and you practice law in New York City, right?

That's exactly right.

Fantastic. So before we started, I was asking you, did you represent the Bernie Madoff investor victims as a class? And you said, no, it wasn't a class. First of all, how many victims were there? Just remind us of that if. In case. Or, you know, tell us in case. We don't know.

It's a pretty daunting number. 35,000 people lost money and made up.

Wow, 35,000 victims. And so you represented 1,600 of them, probably one of the largest groups, but they all. I'm surprised. Did they all get splintered up and have to do their own thing to go after him? Why wasn't it a class action?

There's a bankruptcy liquidation pursuant to the securities Investor Protection act, and there's a trustee in the liquidation who has represented the investors in order to collect money to pay them back. And unfortunately, all he has recovered is about $10 billion out of a loss of 64.8 billion. So it's. It's only about 16 cents on the dollar of all the losses that have been suffered. I have represented the Madoff victims in several different kinds of lawsuits that I have pursued in the hopes of being able to enhance the recovery. But if my success rate representing Madoff victims were typical of my practice, I wouldn't be practicing law anymore.

So the success rate is low, you're saying? And why is that? I mean, is it just because he hid the money? Is it because he spent the money? I mean, 16 cents on every dollar. Is it the prior. I mean, there was a lot of math that had to be done to unwind a Ponzi scheme in terms of clawing money back from Investors who were paid out. Right.

Well, I actually am defending about 95 clawback actions because I think that they're cruel, number one. And number two, I think they're impermissible under the law as it has existed for the last 400 years. Now, whether ultimately the second circ at Court of appeals will sustain them is an open question. But I think if the court follows the law as it should, then these cases will ultimately be dismissed. I'm talking about the clawback cases that have been filed against innocent investors who were duped. I have, for example, a client who's 95 years old, a retired physician, who drew down on his IRA account after he became 70 and a half. And over the 20 odd years that he did that before Madoff confessed, he took out more money than he had put in, as one would expect. That's the whole purpose of an ira, that you invest in the stock market and you build up a nest egg on which you can rely in retirement. So this poor man retired, took out money, took out more than he put in, and he's been sued by the trustee for one and a half dollars. Now he has a home which he's lived in his entire adult life. And if he loses this lawsuit, he will lose his home in his late 90s. And that is, in my opinion, absolutely cruel.

Well, there's a good case to be made for what you're saying. Did he buy the home with proceeds from the Madoff investments as an early paid out investor?

No. No, he didn't. He lived in the home long before he retired. So he was earning income as a physician, bought his home, raised his family in it, lives there with his wife, and then he lost his investment and now he's being sued and he'll lose his home if he loses this lawsuit.

Wow, that's something else. You know, that is a good testimony for why you should have your real estate encumbered with mortgages, I guess. Wow. There's something else.

What the lesson is from that.

Yeah, what should we know? What, what do people maybe not know about Madoff that came out? I mean, you had deep involvement, you have deep knowledge of this. We've all heard about it in the media, we've all read about it, et cetera. What are some of the things we might not know?

Well, the most important thing for listeners to learn is something that nobody so far has told them. And this is the subject of my book. Bernie Madoff is one of these people that you meet in life who, if they have a choice of doing something in A legal way or an illegal way, they just instinctively do it in the illegal way. He would have been a small time crooked had it not been for the backing of JPMorgan Chase. And that is in my opinion the most important lesson that people can learn. Because JPMorgan Chase recognized that Madoff was committing crimes in the early 1990s. And instead of closing his account down, which they had an obligation to do, and reporting him to the federal government, which they had an obligation to do, they figured out how they could make money off the crime. And they harbored Madoff for over 20 years. Now he could never have swindled 35,000 people had he not been associated with a major financial institution. JPMorgan Chase gave him the credibility that he needed in order to defraud so many thousands of people.

That is just stunning. So I have no doubt, I wouldn't put it past JP Morgan with all the other stuff and any of the banks, gangsters frankly, that came out in the financial crisis. What did they do? I mean, first of all, how would they know? Would they just have to monitor the balances going in and out of accounts and have to say, hey, this just doesn't make sense. I mean, is the bank responsible for doing all that math on someone's bank account or what? How would they know this?

In 1970, at a time when we had people in Washington, in Congress who actually fulfilled their political responsibilities, Congress recognized that in order to ferret out financial frauds and protect the public, the government needed the cooperation of financial institutions. And so they enacted a statute called the Bank Secrecy Act. And the Bank Secrecy act requires banks to monitor their customers accounts. The phrase that's used is know your customer. A bank officer has an obligation to understand the customer's business, to monitor the account for activity which is not indicative of the known purpose of the customer's business. And if the bank officer believes that a crime has been committed, the bank has an obligation to close the account and notify the federal government of what it has found. Now early on, JPMorgan Chase, which had a glass bottom boat view of Madoff's crimes because he had different lines of businesses, but the only business he maintained through JPMorgan Chase was the fraudulent business he was supposed to be in, the investment advisory business. JPMorgan Chase saw billions of dollars coming into the account. They were checks from the upstate New York plumbers pension fund, they were checks from universities, they were checks from investment. JPMorgan Chase saw that money coming into the account. It never saw $1 spent to purchase A security.

Wow. Yeah, that's pretty bad.

In the period from 2003 to 2006, for which I have the information, Madoff kept on deposit at JPMorgan Chase 3 to $6 billion. Now, you're too young to remember this, but I remember when you'd get a toaster in Manhattan if you opened up a deposit account with $5,000.

The old days of banking. Yeah. Where you got.

What do you get if you leave. And this is before the Fed was dumping money out the window for the banks. This was before 2008. What do you get if you leave 3 to 6 billion dollars on deposit? The bank had free use of that money.

Wow, that's just startling. So Madoff didn't even attempt to act like he was running a legitimate investment business by buying some securities. I mean, it seems like he would have purchased a token amount just to, you know, have the, have the deniability factor, if nothing else.

He didn't even set up the structure. And the interesting thing is that he had been thrown out of banker's trust because he was running an illegal check hiding operation with one of his henchmen, a man named Norman Levy. He was thrown out of Bankers Trust, and he went across the street to what was then Chemical bank and later became part of JPMorgan Chase. And if he'd been thrown out of Chemical bank, he would have had a really hard time because probably at that point, no other bank would have taken him. So he had a tremendous amount at risk in making sure that JPMorgan Chase allowed him to continue. And they did. And he incentivized them. He paid them a lot of money. He left a huge amount of money. Just think about it. Here's a guy who's supposed to be a genius on Wall street, and he leaves three to six billion dollars in his bank.

Right, Right. In other words, it's uninvested, you're saying. Right, that's the point of saying that. Yeah.

Yeah. It's an outright bribe.

Unbelievable. That's just, it's just disgusting. It really is. I would be surprised that you can, you can write this book without getting sued by JP Morgan. I mean, have they rattled the saber at all?

Well, that's such an interesting question. And clearly that would have been a major problem for me because JPMorgan Chase spends billions of dollars not only paying fines, but also litigating. And, you know, it hires the best lawyers in the country and it hires them in hoards. But, and I certainly could never afford to litigate against JPMorgan Chase. But the interesting thing is that the claim that they could assert in theory would be a libel claim that what I wrote was inaccurate. And in fact, that's why I have 1143 footnotes in my book, because I don't want anyone to have any doubt about the source of my information. And virtually every sentence in that book has a link to the source. And people can read the source material. If they have the Kindle version, they can go right to it and read the source material. I am very comfortable that there isn't a statement in my book, unless I'm quoting Bernie Madoff, that I can't vouch for.

Interesting.

In fact, I have on my website, jpmadoff.com in the center of the homepage, I have a roulette wheel. And each slice of the roulette wheel is another fine, settlement, OR penalty that JPMorgan Chase has paid out in the last five years. They have paid out $36 billion in fines and settlements for violating Libor, the London Interbank Rate, for manipulating Libor, they paid out. They pled guilty to two felonies with respect to the Madoff case and paid a big fine. There isn't a law that they have not broken in the last five years.

But, but just, Just to be in balance, okay, not that it's. It's certainly not excusable, but to be in balance. I mean, they're all. All of these banks and securities firms do this stuff. I mean, Merrill lynch seems like they're at the center of every other scandal. They're paying out huge fines. It's part of their business plan to pay fines. I. I mean, it's just absurd. Look at B of A. Of course, Countrywide, you know, Mozilla gets a slap on the wrist. You know, pay a few million dollars and it's pocket change to him. This is just. It's just disgusting, isn't it?

Jason, I couldn't agree with you more. I could have written my book about bank of America, about Goldman Sachs, about hsbc, about Citigroup. But here's the thing that just is so important for people to understand. We have allowed our elected officials to act like whores. They accept money to look the other way. And nobody is protecting the public. We have now behemoth financial institutions that are organized very much like the Gambino crime family. Their profit picture is to figure out what law they can break. They know that they will have to ultimately give a small percentage of their profits back to the federal government when they're prosecuted for it or when they negotiate a settlement. But we have a president in the White House. We have an attorney General in the Department of Justice, we have the securities and Exchange Commission, we have the entire House of Representatives and the entire Senate. Nobody is. Except for Bernie Sanders, nobody is willing to stand up and tell it like it is. The American people are being totally victimized by these behemoth, immoral financial institutions.

I couldn't agree more. It's absolutely disgusting. And we didn't even make it up to the Federal Reserve level. And that's another discussion. Yeah, that's a completely different discussion. Bernie Sanders, I like what he's saying, but the problem is, I feel that his solutions will be a disaster because he'll just make government larger. And the crux of this problem, to my thinking, is that government has Wall street owns government, Banks own the government, the pharmaceutical companies own the government, the private prison industry owns the government. You know, it's just disgusting. I mean, we either have to somehow just end lobbying, which the original idea of that was good on its face, you know, gives people access to the government. Right. Or just make the government smaller because the bigger it is, the bigger the corruption. It just seems like the corruption is proportionate to the size. Why do we have a whole industry of people that are just constantly at government's door for a handout or a favorable law or. I mean, it's, it's disgusting. You know, it seems like it's just the only thing you can do to fight it is, is the size. You know, better ideas would be appreciated. But that's my simplistic idea.

Right. Or to prohibit campaign financing because, you know, if you, you know, a lot of people make excuses for Obama because he had a difficult time dealing with Congress, but he ran the executive branch of the government and he, the buck stops with him. The idea that Eric Holder would mouth such an absurd concept that the banks are too big to fail and therefore the criminals within them have to stay at their jobs. They don't just. I mean, how could someone even say that with a straight face?

It's mind boggling. It really is. And the fact that these corporate, you know, if corporations, they get all the rights of people, right? But they can't go to jail. You can't put J.P. morgan in jail, you know, I mean, J.P. morgan Chase, you know, you can't do that, right? It's an epically disgusting scenario we have. Has Obama furthered Wall street crime? I mean, he, he's supposed to be the people's president, right?

Absolutely. He, he has, he has in my opinion, he has done an absolutely horrendous disservice to the public. Because when you think about it, where does all the money from Wall street come from? It comes from cheating every single American. You know, JPMorgan Chase does business with 50% of American households and they are the masters of mortgage fraud, credit fraud, fraud. You know, one of my favorites. You'll get a kick out of this. They paid $375 million to settle a claim that they defrauded their credit card holders to whom they offered a credit monitoring service. And it came out that they and people signed up for it and they were charged for it and they paid for it. And the business plan had two parts. One part was how much they would charge for it and the other part was what they would give the customers who paid for the service. They never developed the second part of the business plan. They charged for it, but they never got around to giving the customers any service for it.

Unbelievable.

Yeah, and the funny thing is it's contagious because I just noticed two weeks ago that HSBC just settled for the same. They did the same thing. They probably saw that JPMorgan Chase had done this and they figured they'd give it a run. And who are the victims?

They're all.

It's you and me and everybody else who is still doing business with JPMorgan Chase, right?

Yeah. Or any of the big banks probably. You know, like you said, you could have written a book about any of them. Pretty much. I gotta say, I love this wheel on your website. Everybody. You've got to go to jpmadoff.com and/victims. If you want the direct link, you click on this wheel, Libor victims mortgage backed securities and it shows the amount, what the amount they paid out to these victims or the amount of the litigation, the settlement or what the amount.

That was paid out. And all of that information is taken directly from JPMorgan Chase's SEC filings.

Unbelievable. Municipal bond buyers, you know, they just keep veterans. Just incredible. This is disgusting. $659 million they paid a federal government 45 million dollar fine to settle charges. This is just, it's insane. I hope you do this for all the banks and big brokerage firms because it's just, it's just really, really absurd. What else do you want people to know? I mean, how do we fix this? What's the solution?

The solution is, I think, to elect someone like Bernie Sanders. I don't think that Hillary, I think Hillary is just as tied to Wall street as Obama.

Hillary is an absolute criminal. I mean, she is a criminal.

Well, she's certainly tied to Wall street. And I mean, Obama should not have been tied to Wall street except for the fact that he accepted a fortune in campaign contributions from the Wall street firms. And of course, Hillary has as well. And I don't think that Donald Trump will be any different. I don't think that there's any candidate other than Bernie Sanders who would have. And while I agree with you that if Bernie Sanders were elected, and that doesn't seem like a possibility at all, but if he were elected, he could not do anything unless the House and the Senate were repopulated with people who didn't evaluate legislation based on how much they were paid to vote one way or the other. We basically have a Kaching Congress. That's the way I think about it.

I love it. The Kaching Congress. That's a great way to put it. Yeah.

Right. Nothing matters except how much will you pay me to vote for your bill? And there's no, no one can compete with the large corporations. There never was anyone who could compete with the large corporations. It's just we used to have people in Congress who had some kind of ethical spirit about what they're. They, what they were doing.

Well, another part of the problem is these, these career politicians, you know, if they, if they could only be there for four, six, eight years and they couldn't form these deep relationships with the money stream, the lobbyists coming in, that would help. Right? Term limits. Just limit their time there.

What I would be in favor of is one term, only one term, that's it. And no campaign financing. I think that's the best way to clean it up. But what I wanted to finish saying on Bernie Sanders was this. If he were elected, and I recognize he wouldn't be, but if he had.

If he were, next time, if he sticks around long enough.

But the thing is that he would control the executive branch of the government. And you know, the one thing that the banksters on Wall street haven't yet figured out is how to pay someone else to serve their prison sentences. And if the Department of Justice had simply put away three or four of.

The top, he would have sent a message.

Yeah, there would have been a ripple effect on Wall Street. All of a sudden, things would have been cleaned up. They're not willing to spend their own time in jail.

Yeah, yeah, that's absolutely right. I mean, this whole financial crisis. I mean, these banksters, they took down the world, the whole world economy, I mean, countries, Iceland went Bankrupt over this. I mean, it's just insane how big the damage is. Well, is and was not a single person in jail really after all that.

Now the financial institutions are 10 times more powerful than they were in 2007.

It's really discouraging. I hope we see some changes. The only hope I think we really have is just this alternative media talking about this stuff. You don't hear much of it on the mainstream media, do you?

Well, that's very funny, Jason. I just have a little story that I can tell you. I was invited onto Opening Bell Maria Bartiromo show and I actually was about to go on a vacation. I bought all of Maria's books and I read them on vacation. I was all prepared to talk to you.

Yeah.

And she didn't. Neither she nor her producer asked me in advance what I was going to talk about. And she introduced me and said, we have Helen Chapman. She's the leading lawyer for the Madoff victims. And it's six years since Bernie Madoff confessed. And Helen, why don't you tell us what you're working on? I said, well, as a matter of fact, Maria, I'm suing JPMorgan Chase. She said, suing JP Morgan Chase.

Let's pause for a commercial from JPMorgan Chase.

After 2 minutes and 44 seconds, she called an emergency commercial. I could hear someone screaming in her earpiece.

Oh my God.

That's just been physically ejected from the 42nd story window. Believe me, I would have been.

Wow, that is mind boggling. It really is. Well, Helen, this has been a fascinating discussion. Give out your website. You know, maybe for your law firm too, but certainly for the book which we gave out. But whatever you'd like people to know.

Sure. The book is sold on Amazon.com if you're a member of Amazon prime, you can get the Kindle version without charge. And as I said, it has all of the source material. It's. It's well worth no charge. You'll learn an awful lot about how you can be cheated by America's biggest financial institutions. And the book is also available online as well.

Fantastic, Helen, please do that in an audiobook. You will reach a whole other audience. So please turn it into audio as well. I hope a lot of people buy and read your book and certainly go to your website to spin that wheel because that is just awesome. And again, that's jpmadoff.com victims. You'll just take two minutes to go there. It'll blow your mind. This is a fantastic idea to have the Wheel of fortune there. So yeah, fantastic. Good stuff, Helen. Thanks for joining us.

Well, thank you so much for having me. Jason.

Thank you so much for listening to the Women Investing Network. Be sure to subscribe, rate and review the show on itunes or the platform of your choice. You can find the show notes and resources for today's episode@womeninvestingnetwork.com remember that guest opinions are their own and information is of general nature, so be sure to consult appropriate tax, legal or other professionals for specific advice.