Friday, June 10, 2016

Southwest Has Fastest Growing GDP, Nicholas Lattanzio Accused of Operating Phony Hedge Fund


  • The BEA said that GDP increased in 48 states in 2014. The data was made available today and shows that professional, scientific, and technical services were the leading contributors. Real GDP grew 2.2% for the entire US in 2014, and 1.9% in 2013. The fastest growing region was the Southwest region at 4.3% due to contributions from mining in Oklahoma and Texas. Per capital GDP ranged from a low of $35,551 in Mississippi to $66,160 in Alaska. Starting in September the BEA will release quarterly GDP by state.  Tables 1–4 within the release provides greater detail. You can also visit the BEA's Web site at www.bea.gov
  • The SEC Charged Nicholas Lattanzio, a phony hedge fund manager in New Jersey, with attempting to defraud small businesses with the Black Diamond Capital Appreciation Fund. According to the press release he defrauded small businesses out of $4 million and used funds to "purchase a million-dollar home in Montclair, N.J., a $124,000 luxury car, and $100,000 worth of merchandise from Tiffany & Co.  He also paid off more than $760,000 in credit card debt, withdrew approximately $570,000 in cash or checks written to himself and his girlfriend, paid more than $30,000 to a yacht broker, and funded his children’s private school tuition and his membership at an exclusive golf club." To read more about this store click here.
  • The FDIC will be meeting on June 16 and the meeting will be available live via the following link: https://fdic.primetime.mediaplatform.com/#!/channel/1232003497484/Board+Meetings.
 

________________________________________________________________
If you like what you're reading, please join my mailing list to receive blog posts and updates as they occur. If you're an investor with all of your assets tied up in the stock market and cash, you might want to consider a few diversification strategies. Gold is the oldest asset in the world and it's inflation proof. Bitcoin is the gold standard for the cryptocurrency world, which is the fastest growing asset class in the world. Diversifying your portfolio into one or both of these assets can help to insure your portfolio against a stock market crash or inflation. Most importantly, it can help to safeguard the gains you've made over the last 10 years.

Please note that there are other companies that sell gold and Bitcoin on the market, and you should always do your research when making decisions about your portfolio. Just like your personal health, if you're planning on having major surgery, you need to get a second, and sometimes a third, opinion. You want to make sure your surgeon is good and has performed the procedure many, many times.  In the same way, you need to trust your broker and you need to make sure they are reputable. This is the process I used when looking for a broker to recommend.

Full disclosure: RegalAssets compensates me for everyone I send their way, but I would receive compensation from any company I chose to recommend. The only broker I'm recommending is Regal, primarily due to its innovative product offering in my favorite commodities - gold, precious metals and cryptocurrency like Bitcoin. They also have a distinguished track record for success (see below).




Next Steps: Use Regal as one of your options and compare against them. Your other brokers should be able to offer the same level of service and the same low rates. The kit is free and it will provide you with a basis for comparison. Don't wait, get started today. Fill out the form below to get your free investment kit.

If you're interested in learning more about gold investments, click here to receive a free gold investment kit from Regal Assets.

If you're interested in learning more about Bitcoin investments, click here to receive a free Bitcoin investment kit from Regal Wallet.
 
 

Featured Post

Can Digital Currency (Bitcoin / M-Pesa) Wipe Out World-Wide Corruption & Poverty?

I often hear about all the alleged "criminal behavior" Bitcoin supports. I think it's important to discuss Bitcoin's p...

Popular Posts

Popular Older Posts