- US Customs just seized a ship owned by JPMorgan after authorities found $1 billion worth of drugs on it by Business Insider. That’s a lot of drugs.
- American AAdvantage Sweet Spots That Are Still With Us by Lazy Travelers
- Automatic Blocking of Fraud Calls Coming to Millions of AT&T Customers by AT&T. Basically robocalling blocking will be enable for everybody.
- ‘British Airways Pilot Talks Break Down,’ Says Union by The Independent.
Deals starting/expiring at the end of today or starting today (view the full deal calendar here):
- None
Deals starting/expiring at end of tomorrow:
- [Targeted] 7-Eleven Rewards: Earn 5,000 Points For Shopping 2/4 Times
- Amex Offers: American Express Gift Cards $10 off $200 Purchase
- Giant, Stop&Shop, Martin’s: 3x Fuel Points on Visa Gift Cards [7/12-7/18]
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View Comments (10)
"Owned by client assets" sounds like JPM clients are the ones hit by the seizure of the ship.
I keep getting offers from YieldStreet to invest in container ships. It sounds like that sort of thing.
I think that means some of the high-net-worth private banking customers who wanted to 'diversify' in 'alternative investments'. Kinda like an REIT but for ships, and not publicly traded so only the rich insiders had access to it. Good since those kinds of people can afford to take the hit.
Good investment, 249% return over 8 months.
38,000lbs of cocaine worth on 11/2018 - $500 million
39,525lbs of cocaine worth on 7/2019 - $1.3 billion
https://www.businessinsider.com/coast-guard-offload-500-million-in-cocaine-seized-in-pacific-ocean-2018-11
It's not really hard to qualify as an Accredited Investor to get into non-public securities.
annual income exceeding $200,000, or $300,000 for joint income
or
net worth exceeding $1 million, either individually or jointly with his spouse
Many people, especially these closer to retirement age, will likely hit one or the other requirement pretty easily. That's without the other rules qualifying you if you have enough knowledge.
I almost fell out of my chair reading the comment below from AA sweet spots post, (yeah I rant about things but rarely about free or nearly free travel). BTW never flown Etihad or Qatar, or Singapore suites, might have tried them on our trip back from JNB if I had the AA miles at the time.
"Now, if you disagree that Etihad Apartment is the best First Class cabin in the world, I’m not going to try and persuade you. Some folks complain the food is not good enough, others complain that the bed is too hard… well, people complain about everything"
Transferring assets INTO YouInvest was super difficult because JPMorgan was several times more anal with the paperwork than any other brokerage. Maybe JPMorgan is just so anal with security because they are used to safeguarding important stuff like cocaine.
I guess we know Jamie Dimon's target market for the JPM cyrptocurrency.
Just a heads-up on the AT&T call blocking. The service is not free. The free version only creates a blocklist which you manually add phone numbers to (which can already be done on iphones and android). Also, because the spam calls usually come from different numbers, blocking any specific number is pointless. The paid service is $4 a month and only sends suspected spam calls right to voicemail and doesn't actually block anything.
https://arstechnica.com/information-technology/2019/07/atts-robocall-blocking-expansion-wont-block-spam-calls-unless-you-pay-extra/
Yup. I read this article, too. That's why I prefer to just ignore almost all of incoming calls, especially from unfamiliar numbers. Sometimes I look up the numbers on Google and immediately block if I find any reports. People might also want to report those numbers to the FTC and some online complain boards like http://whycall.me, so that more people will be able to avoid these spammers.