First, there was the euphoria that a federal judge was finally upholding the rule of law.
But we knew it was too good to be true and started looking at just who was Judge T. S. Ellis the Third and found this:
AIM4Truth Lynn wrote us in response: “You’ve just ruined two happy days.” Unfortunately, Lynn, we have more bad news. Check out Ellis’ pedigree.
Source: S. Hrg. 1009, Pt. 3. (Jul. 21, 1987). Thomas S. Ellis, III Confirmation Hearing, Judiciary Committee. Ser. No. J-100-9. U.S. Senate.
Annual Avg. Increase in Financial Investment Holdings (1987-2010) (23 years)
$1,295,000-$111,289=$1,1837,11 / 23 = $51,466 per year increase (even through the 2008 banking crash)
Source: Thomas S. Ellis, III. (2010). Financial Disclosure. U.S. Courts.
Read: When one becomes a judge, one also becomes a brilliant investor.
It is magical how that works, isn’t it?
Sidenote from an AIM4Truth reader who was a Boeing engineer:
An engineer at Boeing in 23 years could not make this type of returns with the Boeing VIP, unless the Boeing contribution was maxed out at 15% each year based on the salary, which is comparable to a Federal Judge. Only if a person makes ‘cash’ contributions, and rolls over all dividends can these types of returns be made consistently. The smart engineers moved in and out of the growth portfolios, but could only make so many moves per year. I did really great with Tech stocks, and before it busted, I moved to ‘bonds’ completely to ride out the storm. I then moved into a balanced growth fund with housing, and moved out before the bust, into Boeing stock portfolio as a ‘protection fund’, and I was good friends with some smart Lebanese engineers, who knew how to invest. A engineer who invested in the VIP at max, and also made cash contributions, after 30 years, usually walks away with $1.5M, plus retirement, plus medical until Medicare.