The financial outlets have been recently introducing Freedom Checks as the latest investment opportunity that investors should participate in. The initial reaction when this investment opportunity first appeared was that this was nothing more than a hoax or a pyramid scheme. One of the individuals who came out urging people to get their “Freedom Checks” was financial advisor Matt Badiali. To determine whether “Freedom Checks” are a scam or not, it is wise to first consider the background and qualification of the person promoting them, as well as understand the investment they want people to partake in.
Matt Badiali spent many years building a resume as a geologist and traveled to multiple countries inspecting mines and oil wells. He spoke with many CEO’s and was able to learn firsthand about the investments he was examining. He would first distinguish himself as a financial expert after the 2008 financial crisis. He invested in Kaminak Gold Corp. when all his friends and family were certain he made a poor decision. Almost two years later he made a 4,400 percent profit. Matt Badiali was also hired by a financial expert to perform research for him and Badiali’s advice helped the firm make more money. Badiali has a newsletter called the Real Wealth strategist that has enabled his subscribers to double or triple their investment.
Although Matt Badiali made “Freedom Checks” seem somewhat sensational, he is a legitimate financial advisor promoting a genuine opportunity that many seasoned financial experts don’t understand. What he was really promoting were “Master Limited Partnerships” and they have been around since the 1980s. MLPs are great investments because they are required to pass ninety percent of their profit to investors to keep tax benefits and you don’t have to pay taxes on the “Freedom Checks” you receive. You only pay taxes on the capital gains you make when you sell the shares. There are over five hundred companies currently traded that are considered MLPs and investors can take advantage of this investment opportunity with a small sum of cash.