[00:00:00] Outro: Welcome to Private Banking Strategies Podcast with Vance Low and Seth Hicks, your secret weapon to protect your assets and never have to start over financially again. Vance and Seth help high net worth individuals, families, business owners, and investors, structure and asset protect. Tax free fortress for their families.
[00:00:21] Outro: Learn how to keep what you earn and use the velocity of money to create your own private banking system. Join us on this journey as we explore the secret strategies of the rich and political elite and help you take total control of your financial security now onto the show.
[00:00:48] Eric (Host): Hello and welcome to Private Banking Strategies with Vance Low and Seth Hicks Vance. How are you? I’m doing fantastic. Alright, Seth, what’s going on? Yep. Doing great Eric. Thanks for having us. [00:01:00] Oh, well thanks for having me. Um, this is your podcast, man. Um, I’m excited because you’ve got another great topic today.
[00:01:05] Eric (Host): You actually teased it a little bit on that last podcast. Vance, what are we talking about today?
[00:01:10] Vance Lowe: We’re gonna take a look an in-depth look and get our brains working on some other things that these special contracts can do in our lives to turn us from us working for money to passive income. And we’re gonna use, uh, an example of college tuition today.
[00:01:31] Vance Lowe: Okay? Alright. I’m interested, where do we start? All right, we’re gonna take another chapter out of Nelson Nash’s book, becoming Your Own Banker, and this section can be found and you can get all of your numbers and statistics and his view on, uh, college versus not college. Um, in his book, uh, starting on page, uh, I think 75 of the printed Give folks the title of the book, Vance, uh, becoming Your Own [00:02:00] Banker by r Nelson Nash.
[00:02:02] Vance Lowe: Fifth edition, you can get that book from Amazon, you know, virtually anywhere. So anyway, what he’s doing, like we did last time is that, uh, we covered the topic of, Hey, I’m uninsurable, so I can’t do the strategy, which we debunked. Okay. And if you wanna listen to that, listen to the podcast. Uh, that was, uh, just released before this one.
[00:02:28] Vance Lowe: So we’re now gonna take that a, a step farther. What if we use the money? What if we just set up a, a scenario here and instead of forcing our kids to college that, hey, you are going to college, blah, blah, blah, that we let the child choose and he chooses, he knows what he wants to do. He’s gonna go to trade school, uh, he can go down to a local place and we can save that tuition.
[00:02:52] Vance Lowe: And, and let’s put the uh, um. Uh, the cost point of the education of [00:03:00] $20,000 a year, um, college education, and instead of putting that towards college, let’s still put it, but let’s put it into one of these high paying, uh, cash value policies. See what that looks like. So here we’ve got, uh, I guess an 18-year-old boy we’re gonna go with, and we’re gonna put $20,000 a year for four years into one of these contracts, and then we’re gonna stop altogether.
[00:03:32] Vance Lowe: We’re not gonna pay another dime because he would’ve normally been outta college at that time, got his degree and whatever else. So. Put into college and he can get his career that way, or he can go to a trade school and we put the money here. The only difference from this podcast illustration to what we talked about, uh, with the uninsurable guy, what he, he is gonna practice a little bit of [00:04:00] banking because at the end of four.
[00:04:04] Vance Lowe: Starting his fifth year, there’s $65,000 in cash value in this contract. He, um, goes to trade school, he gets certified, he starts his job. He needs a car. He can start self banking. He can pull out money. He can borrow money from this contract by the car and paying himself back every four years. And in this illustration, he’s pulling out, I think he’s purchased prices, $21,450.
[00:04:41] Vance Lowe: He’s paying himself back, um, about, uh, $6,500 a year for four years, and then he is gonna repeat that. Okay. But as far as the rest of the money goes and, uh, any other type of banking or borrowing from that [00:05:00] contract, he’s doing nothing. Okay. So the policy is on his life, by the way. And he lets the parents let, uh, the insurance carriers manage this contract.
[00:05:17] Vance Lowe: Um, this is a special contract. It’s put together a special way with different components to really create a lot of, uh, high cash value, not only beginning, but all the way, um, throughout. And they take the dividends and they put it into the policy in purchasing additional paid up. Uh. Uh, insurance, when he turns age 70, there’s over $2.6 million in this account.
[00:05:52] Vance Lowe: Uh, Seth, remember how many years they put the premium in or, okay. How [00:06:00] on earth can a policy get to $2.4 million? Give us some, some reasoning behind this. ’cause a lot of people aren’t gonna believe these numbers.
[00:06:08] Seth Hicks Esq.: Well, it, it goes back to the compounding nature, uh, of these policies. They’re in a tax free environment, and the, uh, the, the compounding is parabolic as you get towards the end of the policy.
[00:06:24] Seth Hicks Esq.: And we discussed this in the last episode, uh, how a penny doubled every day for 30 days turns into over $5 million. And, uh, that is stunning. Um, when you think about it and. Especially with the life insurance management of assets, which is stellar, probably second to none in the market as far as managing assets and the dividends that they pay that compound into your, your cash value when it’s structured properly.
[00:06:54] Seth Hicks Esq.: That’s how you get to those. Those numbers, but they, they’re, uh, on, in this book [00:07:00] Becoming Your Own Banker. In the, the back of the book where we’re describing this hypothetical, you’ve got the, the illustrations and the actual tables that show you the growth year after year on page 76. For those of the audience that have the book or get the book.
[00:07:17] Vance Lowe: Yeah, so what we’re trying to share with is that, uh, you know, money’s earned one of two ways. People at work or money at work. Okay. And for. Those who conquer money, they’re doing a formula, uh, and obeying all the laws and the rules, but they put more and more of their money while they are working to work, uh, financing things that they need instead of being liabilities.
[00:07:50] Vance Lowe: They make ’em assets and they put more and more of the money out to work. Now they don’t have to risk. Money in the stock market. [00:08:00] Uh, that’s what the beauty of this, uh, self banking is, and the strategy is, is growth without risk and growth without triggering taxable events. It’s also nice to know when you’re actually looking at these graphs, and I’m looking at ’em right now.
[00:08:17] Vance Lowe: The dividends paid over a 53 year period. Remember from 18 to eight, um, I guess it’s, yeah, year one 18 and, uh, policy year, uh, 53. He’s 70. Um, 2.1 million was paid in dividends alone. The cash value is, uh, 523,000 and some change. You know what that’s gonna provide for him from 70 for the rest of his life, that’s gonna provide a tax free income, which is passive income.
[00:08:55] Vance Lowe: That’s not taxable of $150,000 a [00:09:00] year. So Eric, what’s a normal lifespan?
[00:09:05] Eric (Host): Well, right up until you die. I don’t know. For, for guys, I think it’s what, 83 82? Something like that.
[00:09:11] Vance Lowe: Yeah. So let’s say age 85. You know, we’ll give him the benefit of the doubt. Okay. He will have. A negative effect. I remember we paid 80,000 into the policy, and he will have gotten that back and an additional $2.2 million paid out.
[00:09:34] Vance Lowe: From the compounding growth. And then he will pass to errors, $3.8 million. Now if they do the same thing, it’s already triggered for his family and his grandkids, uh, away to get passive income that will never quit. ’cause this is what we’re, we’re really looking into these contracts [00:10:00] to do, and it might just be.
[00:10:03] Vance Lowe: Luckily a choice. You know, a lot of people, they wanna go to college, family, want to go to college. Sometimes there are careers that can only be approached and be successful, you know, with college degrees. But in the, I think in the vast majority, a lot can be done outside of the colleges. And some of that money that was going to be spent, that has been saved by parents all this time could be put.
[00:10:31] Vance Lowe: To putting the money to work immediately instead of spending it, uh, possibly on that education, but that’s up for the individual families. So I want to change this analysis just a little bit, and let’s look at the individual who wants to be in the medical field. And in order to be in the medical field, it would require.
[00:10:58] Vance Lowe: A college [00:11:00] education of four years and then medical school for an additional four years. And so let’s keep it at, uh, $20,000. But instead of for four years, it would be for eight years. Now we can do the math and, you know, reality, I’m, I’m not worried about that. We have to be able to share something. So this is in the book and it’s easy to follow.
[00:11:26] Vance Lowe: And so she decides to go to a trade school and take, um, courses that will get her into the medical field a different way and save the money that her parents was going to put into. College, uh, education. Um, maybe she has to go to work or, or or whatever else to earn her tuition to go to, uh, uh, trade school.
[00:11:55] Vance Lowe: But nevertheless, this’ll be the scenario. [00:12:00] And, you know, I think I’ll, I’ll break right here and maybe tell you a little story that’s that’s true about, uh, my family. I was taught by my parents that. I need to go to college, get a college degree, and if you get a college degree, then the world, you know, will lay at your feet.
[00:12:23] Vance Lowe: And, uh, all of us, all of my friends and peers around me and, and stuff like that, we all grew up that way. So I didn’t do that. I started, I did win a scholarship, but I decided to do a, uh, a church. Missionary, uh, Dale for two years, but I actually went into the service. First. I joined the National Guard and went in for my training because I had a low draft number.
[00:12:55] Vance Lowe: It kind of tells you how old I am when they were drafting [00:13:00] people, uh, into Vietnam. So my, uh, college was pushed way back. I came home and got married. Right off the bat and went, uh, and started up college. But then I started having children and you know, one thing led to another. So as I educated myself from that point forward, and we had four children, it was the attitude, okay, we wanna provide college for our kids if they wanted to go to college.
[00:13:32] Vance Lowe: And my oldest son decided, you know, I don’t need to go to college. I don’t want to go to college. I’m not that smart, but I want to get into the computer field. I love computers. I want to go to just trade, uh, schools, uh, get my certifications and then I can find a job that way. Said, go for it. Now, my second son, he got the Governor’s award.
[00:13:56] Vance Lowe: He was that smart. When he graduated high school, he [00:14:00] got all kinds of scholarships, so he went to college and my daughter who was next, was under Adams, um, shadow. She was ever bit as smart. But because he overshadowed her, she never got the recognition or anything else. She won scholarships and, and went to, uh, college.
[00:14:22] Vance Lowe: And then my youngest, he said, well, if they went to college, I’m going to college. But you know what? I wanna be a gemologist. So he went to college and then he said, dad, I need you to pay another tuition to a gemology school. So he hit me up for two college educations. So I ended up paying four college educations for my kids.
[00:14:43] Vance Lowe: And long story short, and the reason I’m, I’m stating this, they each went out, they graduated, and then we each went out and found their careers. And uh, the good thing is they’re all employed. They’re all making good income. But I just wanted to share with you that. [00:15:00] My son who decided not to go to college, he has never stopped educating.
[00:15:08] Vance Lowe: Every time a new computer system comes out or a new program, they send him to school to get certified in that. And then in that, and then the next one, and he works for a large bank change in keeping all of their systems up and running. And his income is more than the other three kids put together.
[00:15:33] Midroll: Do you see yourself in that story? Do you feel like you are generating a lot of revenue but are not moving forward as fast as you would like? Are you ready for help? Please call private banking strategies at (817) 200-4777 or visit us at www.privatebankingstrategies.com.[00:16:00]
[00:16:08] Vance Lowe: So let’s get into the second one. It’s gonna be $35,000 a year for eight years. Su Q here, her. Annual tuition amount is, is 35,000. She’s was a younger generation, we’ll call it, and uh, to add medical school and everything else. The average would be $35,000 a year, but instead of four years, it’s gonna go to eight years.
[00:16:34] Vance Lowe: Mm-hmm. Want us to notice at the end of eight years where she would probably begin a practice or anything else, she’s got $339,000 in cash value. Now she starts. Um, because in the medical field, uh, she wants to drive a better car. So she’s gonna finance a $37,500 car, pay herself back [00:17:00] 11,375 a year. So the first year, the 26 1 25 is after they’ve, uh, she’s made her payments and that’s why it’s, it’s a negative.
[00:17:10] Vance Lowe: She borrowed the money that year. Hmm. And she paid back all but 26,000. And now she’s paying back in the 11 and she’s repeating that, you know, she could take that and literally buy 10 cars at $30,000 each and lease ’em to all the doctors who went to college. You know, and into the hospital and have a huge income coming in just off of the lease payments, uh, off of that.
[00:17:39] Vance Lowe: But be that here or there? The only banking that we’re gonna show, again, as her financing her one car every four years up until, was it say here she’s 65, 66. And she buys her last car [00:18:00] at uh, age 66. So in this illustration, again, the life insurance company manages everything for her. Uh, she doesn’t have to worry about the stock market.
[00:18:13] Vance Lowe: Doesn’t matter what the market does, doesn’t matter what the economy’s doing or anything else. Uh, what matters is, is the guaranteed growth of the policy. And the only thing that’s not guaranteed are the dividends. And fortunately, today we get to deal with companies who, up to this point, and all the way out to companies that are as old as 200 years old, have never missed a year of not paying profits.
[00:18:44] Vance Lowe: You’re going back to the Civil War, all the world wars, all the great depressions, everything else, they’ve always paid profits out. So she decides to stop her work and live off of [00:19:00] passive income and go do the things that she wants to do. Her income because of the compounding effect. And, uh, Seth, I’d again like you to reiterate here, uh, there’s $550,000 and $10,000 of net cash value.
[00:19:17] Vance Lowe: How does that happen? Again, through the
[00:19:19] Seth Hicks Esq.: compounding nature of these contracts where year after year, it compounds and grows, uh, tax free. So at the end of the cycle, it, it’s parabolic
[00:19:31] Eric (Host): in growth. And you said she’s taking out $550,000 a year? Yes, correct. She’s partying, man. That is, that is amazing. Wow.
[00:19:42] Eric (Host): That’s a huge amount.
[00:19:43] Vance Lowe: And she probably doesn’t need it. Think of the banking, think of the things that she could do. The potential. Mm-hmm. For good. She could do with just her family and extended family or whatever else. The potential is incredible. And all she did. [00:20:00] You know, it was her parents who put the money in.
[00:20:04] Vance Lowe: Okay. Not her, she just financed her cars out of, out of this contract and paid it back, you know, and then used cars. What if she financed her kids’ education outta here? What if she did all this other, the numbers would be higher. Or what if she financed two cars? These numbers would be at least a million higher.
[00:20:26] Vance Lowe: And he proves that earlier in, in his book when he talks about car financing. So how risky Seth is this business to, you know, creditors or someone on the outside? Uh, I mean this, this looks like a low hanging fruit for somebody to steal, right?
[00:20:47] Seth Hicks Esq.: Well, if it’s structured properly, uh, and it’s asset protected and the appropriate jurisdiction, so, um.
[00:20:56] Seth Hicks Esq.: Whether you’re in a particular state which protects it by [00:21:00] law, and the legislature has automatically, uh, de declared it to be a hundred percent, uh, uh, creditor, uh, proof. Or if you’re in another state that doesn’t have that legislation, you can sh. Structured in a way with an revocable life insurance trust to, to accomplish that.
[00:21:19] Seth Hicks Esq.: So it’s, it accomplishes the seven pillars. Of course, like we, we, uh, discussed so many times, Eric, of asset protection. Mm-hmm. Uh, tax free growth, legacy transfer. Um, so it, it actually acts as the perfect bank that’s not subject to being taken. Yeah.
[00:21:41] Vance Lowe: Yeah. So in other words, it’s, you know, she doesn’t have to worry about that unless she did something wrong.
[00:21:48] Vance Lowe: But she, you know, they, they did everything right. It’s probably held with a trust or whatever else, and by the time she’s age 85 or 15 years later. [00:22:00] She’s gotten all of the money that her parents put in. She’s gotten all the money back that she paid for her cars over the years back, uh, to the tune of $8,488,000 that she’s pulled outta that policy income tax free.
[00:22:21] Vance Lowe: Why is it income tax free? Seth, kind of explain that to us.
[00:22:27] Seth Hicks Esq.: Well, internal Revenue Code 77 0 2 is, uh, the provision that controls, uh, these contracts along with various other types of, of financial instruments and retirement planning. And, um, internal Revenue Code 77 0 2 is simply playing within the, the rules.
[00:22:48] Seth Hicks Esq.: So it’s, it’s, uh, by law, uh, tax-free distribution.
[00:22:55] Vance Lowe: Uh, that’s the beauty of this thing. So here’s a situation. The [00:23:00] parents could come up with $35,000 a year, whether they borrowed it, however they got it. They did it for eight years. What this provides is a legacy for an extended family that just isn’t gonna quit when she reaches age 85.
[00:23:19] Vance Lowe: At 68 years of being under this contract, shell passed errors in death benefit tax free, 18 million plus dollars. That’s enough to literally fund a, a complete extended family’s financial needs. Hopefully it’s a big family. They each had lots of kids and there’s, you know, by the time she’s eight, five, she’s got hun, a hundred plus grandkids and great grandkids.
[00:23:49] Vance Lowe: And we put, uh, put, put a policy on each of those owned by the trust, which is the bank. Now everything that that family needs can be self financed for [00:24:00] the rest of their life. Welcome to the Rockefeller Family Strategy. Now nobody knows how, what the wealth is of that family. Unfortunately they’re not Americans.
[00:24:12] Vance Lowe: So yeah, it’s, uh, it’s not a good thing, but, uh, this is the potential of these contracts. Um, it’s just again, all about how we think. A lot of people, you know, um, my kids are going to college come heck or high water because it was an advantage to me and it will be an advantage to them. Fine. Okay? Some of them don’t want their kids to go to college.
[00:24:39] Vance Lowe: Uh, because they don’t have the money to pay for it. They fall prey to the stuff that, uh, is in high school in, um, you know, financing, uh, you know, student loans and, and whatever else, uh, to get to go to college when, um, easily a trade school might [00:25:00] be, have been a better proportion. Who knows what the scenario is.
[00:25:04] Vance Lowe: What we’re trying to point out is how do we get to. Passive income sooner than later. So Eric, is this a short-term or a long-term strategy? Oh, long-term, for sure. It’s a lifetime strategy, isn’t it? It’s not a quick get rich, quick strategy. However, there is money immediately. To be able to put to work, right?
[00:25:31] Vance Lowe: Yeah. Yeah. Um, Eric, you, you just said it was a, a long-term strategy and it is, it’s just something that, uh, but even when we start, we can immediately put money to work by self-financing some of the smaller items, and thus all of this payment that comes back, if you look into these illustrations. And, and the podcast before that money is coming back through, even if it’s self-pay, doesn’t matter.
[00:25:59] Vance Lowe: The [00:26:00] banks always get the money back. Your banks are always gonna get the money back. That money comes back to be used a second time. It’s gonna go buy more debt and that money’s gonna come in off that first debt. Now we bought more debt. Money’s gonna come out off of that debt, so we’re gonna use money the three times, four times, five times.
[00:26:18] Vance Lowe: We don’t have to come up with new money. The money’s gonna come back into the hoppers along with. New money, and this is the compounding effect that Seth was talking about. This is how we get to this $10 million for Susie Q. By the time she starts taking out passive income and having it grow to $18 million, it’s the reuse of dollars.
[00:26:41] Vance Lowe: Not ever losing control over, but getting another dollar’s worth of product or services every time we use ’em.
[00:26:51] Eric (Host): Here’s the thing, guys. I mean, and Vance, you asked me the question, is this short term or is this long term? I truly think just, I mean, if you, if the listener has [00:27:00] listened to that last podcast and this one and probably a handful of others, I think anybody who’s really interested in this strategy, and this is just my opinion, but probably comes from a, a mindset of I wanna do well for my family generationally.
[00:27:17] Eric (Host): You guys know that I have kids and I have grandkids now. I love this strategy. I love the, the way it’s formatted because this is, you know, this is something that could set up my kids, my grandkids, and great grandkids, and whoever’s beyond that that I’m not even gonna meet. And that’s not something that was ever done in my family or my wife’s family.
[00:27:38] Eric (Host): God bless ’em, my, my parents worked hard. Her parents worked hard, but they never, ever accumulated anything to be able to pass on. And so. I wanna be able to do that. I think that people listening to this, that’s their goal. That’s something that they’re looking at and they’re like, okay, a long-term strategy.
[00:27:54] Eric (Host): I get it. And then you’ve got the flip side of the coin, the stuff that you were just talking about, creating [00:28:00] businesses, creating investment opportunities, using this money to, to do that within, you know, the first couple of years that you’re in this program, to where you can actually then generate income based on, you know, the financing available.
[00:28:14] Eric (Host): You being the bank. So I, I think that the heart is there, you know, for people that want to think long term to set their family up right. For generations and then the brain kicks in and says, I can actually make a good income off of this as well. Absolutely. I.
[00:28:29] Seth Hicks Esq.: Well said, and you can see that in the, uh, we’re gonna make some resources available for our audience, uh, Eric and Perfect.
[00:28:38] Seth Hicks Esq.: And the, the spreadsheets that go through these numbers and show, uh, the cash value, uh, accumulation, you’ll see as this policy matures, uh, at year 30 and at year 40, and then down into the 50th year of the policy, it’s, it’s adding like. You know, three [00:29:00] quarters of a million dollars and. Net cash value at a time, at a per per year every year.
[00:29:07] Seth Hicks Esq.: And it’s important to really understand the value of this as a long-term strategy and how it, it far outweighs any type of other retirement plan or retirement strategy. Um, it far. Outweighs the speculative nature of Social security. Uh, it far outweighs the speculative, uh, uh, nature of how much you’re gonna be taxed in regular government sponsored retirement programs.
[00:29:36] Seth Hicks Esq.: So you don’t have to deal with any of that. This isn’t subject to taxation. It’s, um, and the reason that it’s carved out in internal Revenue code 77 0 2 is because the wealthy already utilized these strategies. Mm-hmm. And the politicians are to utilize these strategies. So, um, it, it’s, it’s kind of like a, a, a secret.
[00:29:59] Seth Hicks Esq.: Mm-hmm. [00:30:00]
[00:30:00] Eric (Host): I
[00:30:00] Seth Hicks Esq.: agree. I mean, it’s,
[00:30:01] Eric (Host): I’ve never known a politician to, you know, kind of divulge all the secrets of how their, you know, they have their money or where they have their money, or how they use their money. That seems to be a secret all over the place and, and doesn’t surprise me at all, that this is a strategy that, that folks.
[00:30:18] Eric (Host): Those circles would use, and this not divulge because there is a benefit to them to keep people in a regular banking system into a regular humdrum right existence where they’re not gaining ground or they’re not making major changes for their family. Uh, that’s just my opinion. Uh, maybe a little cynical, but just looking at the political spectrum over the last 10, 15, 20 years, that’s what I see.
[00:30:46] Eric (Host): Absolutely. I agree so much. Yeah. Alright gentlemen. Anything else before we close this podcast out today? I think that’s, uh, enough food for thought today. Alright. Great job guys. I love the information so much to digest. [00:31:00] Um, Seth, where can people find those resources that you are talking about?
[00:31:03] Seth Hicks Esq.: Private banking strategies.com.
[00:31:06] Seth Hicks Esq.: It’s private banking strategies.com. And there we’ve got, uh, a free book for our guests, which we call, uh, what the Banks Don’t Want You to know. And therein we. Peel back layer after layer on different issues including compound growth and how that works, uh, and make that available to folks for free. And you can either read that or you can listen to it in an audio form.
[00:31:30] Seth Hicks Esq.: And also, as I’ve stated, uh, many times we’ve got a robust asset base for folks that they can binge on podcast after podcast and they can sign up for our emails. And they can read blogs and really educate themselves as to how private banking strategies is, uh, a necessity for every family’s wealth growth.
[00:31:53] Seth Hicks Esq.: And we just wanna make it available to as many people as we can reach. Alright,
[00:31:58] Eric (Host): guys, thank you so much for your time today [00:32:00] and all the great education. Thank you so much, Eric. Appreciate it. Thanks Eric. You bet. Of course, our last thank you. Always go to listening. Audience, thank you so much for tuning in and listening to the Private Banking Strategies podcast with Vance Low and Seth X.
[00:32:12] Eric (Host): If you have not subscribed to the podcast yet, please click the subscribe down button below this way. When Vance and Seth come out with a new podcast, it’ll show up directly on your listening device. And we humbly ask that you share this podcast, rate it, and leave a review as this actually helps others find the show.
[00:32:25] Eric (Host): Again, thank you so much for listening today. For everyone at Private Banking Strategies, this is Eric Johnson reminding you to live your best day every day, and we’ll see you next time
[00:32:39] Midroll: day. Did that story feel like it was about you? Do you feel you should be making more progress toward your financial goals? Do you feel stuck? Let us help you get unstuck. Are you ready to take action and get your own private bank? Please call private banking strategies at [00:33:00] (817) 200-4777 or visit us. At www.privatebankingstrategies.com.
[00:33:10] Outro: Thank you for listening to the Private Banking Strategies podcast. Click the subscribe button below to be notified when new episodes become available. The information covered and posted represents the views and opinions of the guest. And does not necessarily represent the views or opinions of private banking strategies.
[00:33:26] Outro: The content has been made available for informational and educational purposes only. The content is not intended to be a substitute for professional investing advice. Always seek the advice of your financial advisor or other qualified financial service provider with any questions you may have regarding your investment plan.
