The whole idea is creating a channel of steady monthly income for the customer. They did introduce some pretty interesting investin instruments such as ELKS. But I once emailed their website when I realized they were miscalculating yields on ELKs. They acknowledged this, but didnt change anything.
Scam Warning: Flexibit High Yield Investment Program Your email address Books, art
managing director and head of Portfolio Analytics, Growth Chart The investment seeks a high current income and the opportunity for capital appreciation to produce a high total return. The fund normally pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rated debt securities, including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock. It may invest up to 20% of its net assets in foreign securities that primarily are traded outside of the U.S. The fund may invest up to 20% of its net assets in municipal securities. more
U.S. tax reform allows Pfizer to repatriate its overseas cash as well, which accounts for the majority of its $20 billion cash balance (compared to about $8 billion of annual dividend commitments). As a result, shareholders are likely to see more aggressive returns of capital.
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