Hope this finds each of you well and safe from the crazy virus world.
“I have been alerted that if you have Lime with your Corona, it will taste a lot better.”
If you are in need of Tax Relief, CEF has IRA programs that will assist you in deferring your tax payments to the IRS.
An investor asked me a question some weeks ago and since then I have thought that the explanation might clear up a question that you have not yet asked.
The question: why is there an APY rate on the CEF dollar?
The answer: Annual Percentage Yield (APY)
What Is the Annual Percentage Yield (APY)?
The annual percentage yield (APY) is the real rate of return earned on a savings deposit or investment taking into account the effect of compounding interest.
Each quarter a fourth of your annual rate is paid to your account balance. Now your investment has increased by that one fourth deposit and the next quarter the interest is based on the balance of your account. In fact you are now drawing interest on the interest earned in the previous quarter.
Profit is not the goal of CEF; Expanding the Kingdom is the goal.
If you have any questions or need assistance with investing in CEF let me know.
Frank Litt, CEF Rep