Mutual Funds 101

Mutual Funds 101
You are already aware that mutual funds are a type of investment or savings vehicle. But what are they? Are they like stocks or bonds? How do mutual funds work? A good way to understand mutual funds is to consider them a basket of investments.
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Offshore investing 101
“It differs from investing locally as you have to convert your rands into foreign currency. Before doing this you need a tax clearance certificate from SARS, which you will need to apply for. With the certificate in its possession, your bank may then …
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BMK Attorney’s Trial Counsel Assists in the Court Denial of Trustee’s Attempt to Deprive Fraud Victim of Funds Seized from Fraud Artist


(PRWEB) February 28, 2013

After being defrauded by Lloyd Rucker in 1994, Dr. Cunning obtained a verdict against Rucker for $ 3.2 million in 1997. He subsequently located and seized over $ 1 million from the fraud artist in 2005, obtained a court order after a trial in 2006 that he could collect the money, and then successfully rebuffed Ruckers appeal of that order in 2009.

Before he could finally collect the money in 2009 however, a bankruptcy trustee sued Dr. Cunning for the same proceeds, claiming that Cunning did not properly serve Rucker with legal documents in 2005 and, consequently, the trustee could take the money to pay creditors of Ruckers bankruptcy (Court Case No. 8:06-bk-10195-CB). The Trustee took this position despite the fact that Dr. Cunning was, by far, the largest creditor in the bankruptcy, being owed 90% of the money owed by Rucker to creditors.

After a four day trial, U.S. Bankruptcy Judge, Catherine Bauer, rejected the trustees position and the fraudsters testimony, relying on the evidence Dr. Cunning presented in finding that Rucker had clearly been served with the relevant documents back in 2005.

The court found that Trustees counsel did his best to throw doubt on whether service occurred . . . . And, obviously, time dims memories for all of us. That is one of the many reasons we have proofs of service. We need to have accurate records of service or our courts would grind to a halt with the passage of time and inevitable deaths of those who served the documents. Indeed, in this case, one process server did die prior to trial. The court gave no weight to Ruckers testimony, noting his well-documented propensity to lie under oath. Rucker v. Casey, Case No. 8:06-bk-10195-CB.

This victory is the latest hurdle of many that Dr. Cunning and his tenacious team of lawyers have overcome. The Court has ordered further briefing on additional issues and will hold a hearing with them on March 12, 2013. Resolution of these issues should finally determine whether Dr. Cunning can recover his pilfered funds from the fraud artist.

Dr. Cunning expressed gratitude over the latest ruling of the court and the efforts of his trial team. Throughout the years, I have been very thankful for, and appreciative of, the talent and hard work of my trial counsel. It has been a long haul for all of us dealing with the efforts of a convicted felon that has repeatedly abused the judicial system to create obstacles and avoid paying back what he stole from me. I am delighted that we have achieved some measure of justice.

Dr. Cunning was represented by bankruptcy counsel Evan Smiley of Wieland, Golden, Smiley, Wang, Ekvall & Strok LLP, and by trial counsel Thomas H. Bienert, Jr. of Bienert, Miller & Katzman PLC. http://www.bmkattorneys.com.







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SRE Investing Offers Tips on How to Beat the Hedge Funds in the Buy & Hold Game


Beverly Hills, CA (PRWEB) February 20, 2013

Looking to take advantage of the new upswing in the real estate market SRE has been working with large institutional investment groups providing acquisition and consulting services. The new buy & hold asset class is arguably the hottest new discussion on Wall Street. Although the concept of renting single family homes as rental properties has been a reality since the advent of housing, it has up to know been practiced mostly by small mom & pop property owners. “We are now witnessing the first time large investment groups are moving into this industry bringing their volume approach and modern management capabilities.” commented Jay Belson COE of SRE Investing.

Benefiting from there many years of residential real estate investing experience SRE has become a valuable resource for investors at every level.

So with the billions of hedge fund money competing for these distressed assets, how can the little investor win? Buy what the hedge funds cant buy says Seth Phillips COO of SRE Investing. Most of the hedge funds have a mandate that requires that they only buy Single Family Homes, but there is a similar and most of the time a better yield producing product. 2 to 4 unit properties are considered in the same residential category by retail lenders and qualify for very similar financing. This is in contrast to properties of 5 or more units which are considered Commercial. The financing on commercial properties is very different.

The Loophole.

Investing in 2 to 4 unit properties gives the following advantages.

????Lower competition from the hedge funds due to their restricted fund criteria
????The banks generally sell at steeper discounts because of rent control issues
????A smaller percentage of investors are familiar with this investment type
????Generate more rent for the same amount of space
????Have similar liquidity options as single family homes
????Large volume of available properties

Working with small and large investors SRE has become a leader in this niche investment opportunity. Our investors love the returns, and keep coming back for more says Jay Belson. We work hard to protect our investor money and interests, because we want them to be part of our family forever.

This opportunity is foreclosure and distressed property driven. It has even coined a new phrase REO to Rental. This represents the final part of the market correction process. But this is about people too. Whenever possible SREs first priority is to rent the home back to the former owner and offer them a rent to own opportunity to help them get back to home ownership. With time and credit repair, many people can achieve this.

Not often in life is there an opportunity for investors to make good returns while at the same time helping to rebuild neighborhoods.

The Los Angeles market is already on an upward moving trend and soon the distressed properties will no longer be available. This is indeed a time to move fast.

SRE Investing understands the burgeoning trends within the real estate industry and provides investors with the means to grow their wealth. Now is the best time to be an investor, thanks to low prices, low interest rates, wide availability and the growing demand for homes combined with fewer consumers being approved for a mortgage.

By investing in neighborhoods, revitalizing and repairing foreclosed homes, and renting those homes to dependable families in need, neighborhoods grow and prosper, as do investors portfolios.

To find out more about SRE Investing visit http://www.SREinvesting.com.

About SRE Investingt: Headquartered in Beverly Hills, SRE Investing specializes in Los Angeles real estate investing. Clients are able to participate as owners, lenders or partners in investments.







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IRA Financial Group Introduces Special Real Estate IRA LLC Solution to Flip Homes Tax-free using Retirement Funds


Miami, FL (PRWEB) January 31, 2013

IRA Financial Group, the leading provider of self-directed IRA LLC solutions, introduces the Real Estate IRA, a self-directed retirement solution for buying and selling rental properties tax-free.

The special Real Estate IRA LLC offers one the ability to use his or her retirement funds to make almost any type of investment on their own without requiring the consent of any custodian or person, including real estate. The IRS only describes the type of investments that are prohibited, which are very few.

The IRS has always permitted an IRA to purchase real estate, raw land, or flip homes. With IRA Financial Groups special real estate IRA LLC solution, buying and flipping rental properties is as simple as writing a check and is tax-free, stated Adam Bergman, a tax attorney with the IRA Financial Group. As the manager of your Real Estate IRA LLC, the IRA holder will have control over his or her IRA funds so that flipping a home can be made by simply writing a check, stated Mr. Bergman. One major advantage of buying rental properties with retirement funds is that all rental income generated by the property is tax-deferred until a distribution is taken (Traditional IRA distributions are not required until the IRA owner turns 70 1/2). In the case of a Self-Directed Roth IRA LLC, all gains are tax-free.

Unlike a conventional Self Directed IRA which requires custodian consent and requires high custodian fees, a real estate IRA LLC with Checkbook Control will allow one to buy real estate, including rental properties by simply writing a check. With a traditional custodian controlled self directed IRA, one will have total control to make a real estate purchase, pay for improvements, and then sell the property without ever talking to the IRA custodian. Since all the IRA funds will be held at a local bank in the name of the Real Estate IRA LLC, all one would need to do to engage in a house flipping transaction is write a check straight from the IRA LLC account or simply wire the funds from the Real Estate IRA LLC bank account. With IRA Financial Groups real estate IRA LLC solution, no longer would one need to ask the IRA custodian for permission or have the IRA custodian sign the real estate transaction documents. Instead, with a Checkbook Control IRA, as manager of the IRA LLC, the IRA holder, will be able to buy rental properties simply by writing a check.

The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.

IRA Financial Group is the market’s leading checkbook control Self Directed IRA Facilitator. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.

To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.







How to Invest Retirement Funds Course Now Open for Enrollment Online at TedThomas.com


Houston, Texas (PRWEB) December 20, 2012

TedThomas.com has launched a new how to invest retirement funds course that is now open for enrollment online. This brand new course is written for complete beginners and includes how these investments earn up to 36 percent annually in government-backed securities. Ted has taught offline seminars for over 20 years and is now opening up this new virtual training online for the first time at http://www.tedthomas.com.

According to the Social Security Administration, there are now more retirees in this decade than in previous years. The stock market can often fluctuate and cause those searching for the best retirement investments to seek alternative ways to growth these funds.

While purchasing real estate can be confusing to those that are not an agent, Ted Thomas has simplified a new investment strategy that is designed for retirees.

According to the National Tax Lien Association, up to 10 billion dollars annually goes unpaid in the form of property taxes to local governments. This revenue would normally be used for construction protection, police and firefighter salaries and other protects that depend on tax revenue for completion.

Ted’s new retirement investment course explains how investors can take advantage of these opportunities in almost every county in the U.S. to find returns of up to 36 percent annually.

The information contained in the new training course reveals how any person can get started instantly with very little investment funds. I’ve seen tax certificates for $ 50 and others for $ 100,000, said Ted Thomas in his training materials. This investment method has little risk because the money is backed by the government according to the tax code, added Ted.

This new training course is one of the first of its kind to be offered entirely online. Since this is written for beginners, those with any amount of funds to invest in government-backed securities can put these skills to use. The online enrollments are available for a limited time to ensure all people who enroll receive personal attention.

About Ted Thomas

Thousands of beginning and experienced investors have learned from Ted Thomas over the past 20 years. Ted’s unique investing strategies are backed by the tax codes in all 50 U.S. states and provide guaranteed returns for those that invest using his strategies. Through online training and offline seminars, Ted Thomas offers updated information that is not found elsewhere in print or published freely online. Ted is an in-demand public speaker and has authored over 30 books related to tax liens and tax deed investing strategies.