Freeport-McMoRan (FCX)

[eddy2]

Ed if you bought equity thirty years ago when interest was high you may have the odd book value stated.

Other words bank service charges have exceeded any accumulated interest charges. Now if it’s bought within a retirement plan those service charges are offset by money you contribute over the years to the plan and are tax deductible.

You have to be specific if your talking within a retirement plan or outside. This has different tax implications and payment sceduales then money invested outside.

One is that the government will collateralize the debt not the company at s much less rate. The rate companies charge often exceed the interest paid after the bank takes it cut as well.

Capital Charges: bank service charge

: company collateral charge to the equity holder

Both charges are with drawn from interest payments to the outstanding shareholder for equity held in trust.


Zero zum game in the end I agree when the lights are turned out after the settlement of the contract between the bank, elected representatives and the company.