The Truth about Freedom Checks
Every day, people are waking up to new methods of scams used by criminals. Due to this reason, a majority of the population do not rush into new investments for fear of loss of their hard earned money. By now, the term “freedom checks” is not new many. For those who wish to know more, you should first understand that it is very legal and not a scam at all.
One Matt Badialli, who is a geologist and has a master’s degree in earth science, is the founder of freedom checks. In the effort of confirming the legality of coal mines and sources of fuel, Badialli travelled around the world during his studies. He got a lot of information as he interacted with CEOs of big energy companies around the world. In the year 2008, Badialli bought energy stocks which costed him $0.06 each. He did this even after his family and friends advised him not to. Contrary to their expectations made a clean profit of 4,400% after selling the stock at $2.64 each.
The initial thought of people when they hear about freedom checks if free money. However you have to invest in Master Limited Partnerships to get their payments which are the so called freedom checks. Many might ask, why MLPs? Well here’s why.
The congress, in the year 1987, passed an act which allows MLPs to operate without paying tax. However, this can only happen if 90% of their revenue is generated through processing, production, transportation and storage of oil and gas in the US. The other requirement is that the MLP must pay at least 90% of the income they get to their investors. The checks in this case are what Matt Badialli refers to as freedom checks.
Energy companies are among the best to make current investments in because with the increase in human population, there will be increase in demand for energy. If you are wondering how as an investor you will get your freedom check, well no need to worry. Just like any other check, it will be mailed to you or you can have your broker deposit your returns in your account.