This Is The Biggest Fear CEF Investors Have In This Market

Hundred Dollar Bill Being Cut With a Scissor....getty

Plenty of CEF investors worry about dividend cuts. And for sure, they’re something to keep in mind. But CEFs are not the same as stocks. When we invest in high-quality CEFs, there are a couple other things we need to remember when we catch wind of a cut:

  1. High-quality CEFs will sometimes reduce payouts by a small amount so they can redeploy capital into oversold bargains. I’ll have more to say on this in a moment, but the upshot is that it holds the potential for us to make more in gains from this move than we lose in dividends.
  2. As mentioned, these cuts are usually small, reducing the yield only a small amount (again, we’ll demonstrate this below).

Before we go further, we really should stop for a moment and talk about the importance of diversification. Across a portfolio of multiple CEFs, you can ensure your income won’t change much if you choose funds that are profitable, have big discounts to net asset value (NAV, or the investments in their portfolios) and solid fundamentals that will make them profitable over the long term.

Take, for example, two very different funds: the Nuveen Real Asset Income and Growth Fund (JRI), a holding of my CEF Insider service that mainly holds shares of real estate investment trusts (REITs), utilities and pipelines, as well as bonds issued by these firms; and the corporate bond–focused PIMCO High Income Fund (PHK). Both funds have cut dividends in the past.

What we are seeing here is a history of very small payout cuts over time, including a penny-per-share cut most recently introduced by JRI at the start of this year. PHK’s cuts are bigger but seemingly behind it as dividends have stayed stable since early 2020.

Now consider this. Although PHK’s dividend has been stable for three years, it has earned investors less money. To be sure, JRI’s recent penny-per-share cut does lower distributions a hair, bringing the current yield to 8.7% from 9.6%. But that’s still a very high income stream.

And if you aren’t happy with JRI’s dividend cut from early 2020, you can still sell, then redirect the profits into another CEF with a higher yield.

Moreover, JRI’s penny-per-share cut sets it up for further gains because it lets the fund redeploy its capital into REITs, which are particularly oversold now. An eye for value like that is why JRI is still a strong performer. Adding to its appeal is the fact that despite this, it trades at a huge 13.3% discount to NAV—while the poorer-performing PHK sports an 11% premium!

To delve a little deeper into CEF dividend cuts, let’s go back to JRI’s payout reduction in October 2017, when dividends were cut by half a penny per share. This cut was one reason why I recommended JRI to CEF Insider members. Speaking of Nuveen, I wrote in the October 2017 issue that: “The firm will cut dividends if it thinks that’s good for the fund as a whole—and in JRI’s case, it has been.” That was true in October 2017 and it’s still true in 2023.

It’s also true for a lot of closed-end funds. Of the 10 top-performing CEFs of all-time, all 10 have cut dividends at some point in their history, and seven have cut dividends over the last decade.

However, these funds have also outperformed their benchmark index funds over the same period while yielding about five times as much as the S&P 500, thanks to their 8.6% average yield. In short, these funds get you a high income stream that stays high, even after small cuts here and there, as well as market outperformance.

Check out how just one of those superstar CEFs, the Columbia Seligman Premium Technology Growth Fund (STK), has outrun the S&P 500 for a decade.

It just goes to show that with CEFs, when you focus on long-term total returns instead of a penny dividend cut here or there, and when you diversify into a collection of top-quality funds with high income streams and market-beating potential, you can create true wealth.

Michael Foster is the Lead Research Analyst for Contrarian Outlook. For more great income ideas, click here for our latest report “Indestructible Income: 5 Bargain Funds with Steady 10.2% Dividends.

I have worked as an equity analyst for a decade, focusing on fundamental analysis of businesses and portfolio allocation strategies. My reports are widely read

Source: This Is The Biggest Fear CEF Investors Have In This Market

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Why Some Fund Managers Prefer Dividends Over Share Buybacks

Now that the full extent of the market rout in 2022 is coming into view, some investors are reassessing their strategies and, in some cases, starting to consider dividend stocks and dividend-focused funds.

Record dividend payments in 2022

It’s no secret that 2022 was a bleak year for stock returns. However, companies in the S&P 500 paid out a record $565 billion in dividends throughout the year. Data from S&P Dow Jones Indices reveals that dividend payouts from the index grew an impressive 10% year over year.

In a press release in January, analyst Howard Silverblatt of S&P Dow Jones Indices said 2023 should bring another record year for dividend payouts—even in the event of a “full recession.” He expects rising interest rates and bond yields to “exert upward pressure on dividend payouts,” adding that competition for income will increase.

Of course, dividends aren’t the only way company managements incentivize shareholders to own their shares. Buybacks are another popular strategy, although some fund managers prefer dividends over buybacks for several reasons. In fact, investors who are considering buying into a company because of share buybacks should watch for a red flag.

Former PIMCO portfolio manager Austin Graff of Opal Capital, which just launched in 2022, warned that while many tech companies are buying back shares, they’re not reducing their share counts because they’re handing out stock-based compensation to executives and key employees — and issuing new shares to do it. In some cases, these companies are increasing their share counts even though they’re repurchasing shares.

A moral contract

Graff also prefers dividends because they act as a “moral contract” with management.

“For management to return capital to shareholders, it’s very public,” he added. “What companies are paying every quarter or year, they’re creating a moral contract to keep that up, or their stock faces negative ramifications. But they do buybacks when they want to, and there are negative consequences to buying back stocks at highs, not lows. It’s the opposite of what we would want to do with our own money.”

Warren Buffett and other high-profile investors speak very highly of dividend stocks. He added that if management teams did repurchase their shares at lows rather than highs, it would be great, but that’s not something most companies end up doing.

While dividends are anti-dilutive, many tech companies are in unique situations with heavy stock-based compensation. As a result, their stocks have declined as such companies lay off significant numbers of workers.

“Think of what that means,” Graff explained. “If they pay X dollars, and their stock’s at $100, they issue fewer stocks to that employee than if they’re paying X dollars and the stock is at $50. If the stock goes down, it creates more dilution for stock-based compensation than what was experienced at higher stock prices.”

How Warren Buffett rakes in billions on dividend stocks

Warren Buffett also likes dividend stocks, and it’s easy to see why. In fact, dividend stocks are one of the reasons the legendary value investor outperformed in 2022. Buffett’s Berkshire Hathaway is expected to generate over $6 billion in dividend income in the next 12 months.

Nearly half of Berkshire’s dividend income is estimated to come from only three stocks: Chevron CVX , Occidental Petroleum OXY and Bank of America BAC . Other top dividend payers for Berkshire include Apple AAPL and Coca-Cola KO .

Aside from Graff and Buffett, others started to see the value in dividend stocks in 2022. According to Morningstar MORN , investor interest in dividend-focused funds has jumped after the robust performance put up by dividend-paying names last year. Monthly net sales of the 128 U.S. equity funds with “dividend” in their names have jumped since the fall of 2021, while sales of those without “dividend” in their name have dropped.

Morningstar reported that dividend funds averaged a loss of 6.68% in 2022, versus the Vanguard Total Stock Market Index’s 19.6% plunge, which was similar to the average loss of other U.S. equity funds that don’t focus on dividends. One reason dividend funds performed better in 2022 is the lack of technology exposure.

Another reason is valuation. Last year, investors started to refocus their attention on valuations and multiples. Morningstar revealed that the price multiples of the companies that dividend funds tend to own are below the stock index average.

Protecting their dividends

At the end of the day, fund managers aren’t the only ones with a preference for dividends over buybacks. When the going gets tough, corporate managements have demonstrated a preference for protecting their dividend payments at all costs, meanwhile sacrificing their share repurchases to ensure their ability to keep paying their dividend.

S&P Dow Jones Indices reported that buybacks reached a new record in the first quarter of 2022 at $281 billion but declined in the second quarter to $220 billion and in the third to $211 billion.

While share buybacks ticked higher in the fourth quarter, Silverblatt said it may have been because companies accelerated their purchases to avoid the new 1% buyback tax that went into effect this year. In fact, that new 1% tax is one reason some fund managers prefer dividends over buybacks.

On one hand, a 1% tax isn’t much, but on the other, once a tax is in place, it creates the possibility of increasing that tax over time.

I am the founder and CEO of ValueWalk. What started as a hobby ten years ago, has turned into a well known financial media empire with millions of monthly

Source: Why Some Fund Managers Prefer Dividends Over Share Buybacks

.

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Metaverse Landlords Are Creating a New Class System

Immersion Imagery Credit: Shutterstock

Virtual landowners have found a way to put their investments to work, but with unintended consequences.

For the modest price of 10,000 MANA tokens (or $7,000) per day, anyone can rent land parcel 27,87 in Decentraland, a 3D virtual world that runs on the Ethereum blockchain. Renting the plot would give the tenant the right to build anything they please—a shop, an event space, an art installation, or whatever else—to host friendly passersby. But the real winner would be their landlord, who goes by the name Beatrix#7239, their virtual pockets bulging with cash.

Not every property is as expensive as parcel 27,87, which is located in the center of the world map, close to where people first spawn into Decentraland. And no one has taken up the rental offer on these terms yet. However, a market for leasing virtual real estate is beginning to take shape, creating a new source of income for virtual landowners who buy up attractive spaces in the metaverse.

In the past nine months, brands like Mastercard and Heineken have rented plots for one-off events or product showcases and, in December, Decentraland released tools that allow anyone to rent virtual land.

The objective was to democratize access to the virtual world, explains Nico Rajco, who led the development of the rentals feature for Decentraland. Everybody benefits, he says, because renting gives new users an ideal “jumping-off point” and landowners can earn a passive income.

But the rental system is also subtly changing the social fabric of the virtual world, dividing people into those who have and those who have not.

When Decentraland launched in 2017, people were given the chance to purchase the ownership rights to 90,601 parcels of virtual land, each represented on the Ethereum blockchain by a non-fungible token (NFT). At the time, plots were sold for roughly $20 apiece, but by the end of 2021—at the height of the NFT boom—land was routinely changing hands for tens of thousands of dollars. One company, Metaverse Group, purchased a single Decentraland plot for $2.4 million.

In line with the slump in the crypto market, demand for virtual real estate has cooled off, leaving landowners looking for new ways to profit from their investments. The new Decentraland rentals system gives them a way to do just that.

The earliest adopters are mostly brands and artists that want to host events or put on shows in Decentraland, with tenancies ranging in duration from a single day to multiple months. The appetite for renting virtual real estate also remains small; there are currently around 300 plots listed on the marketplace and only 40 are occupied by tenants.

But Rajco imagines a scenario in which land rental becomes ubiquitous among all kinds of users. He also says that what’s already been constructed on the land could become a factor in the decision to rent; in the same way an Airbnb customer takes into account the quality and location of a property, the same would be true of virtual real estate. (Building on virtual land costs nothing once the plot has been purchased, but elaborate projects require coding expertise.)

Although Decentraland is among the most popular blockchain-based virtual worlds, it’s far from the only of its breed: Somnium Space, SuperWorld, and the Sandbox are all variations on the same theme. Some have offered in-built rental functionality for years.

One virtual landlord, Chris Bell, who owns one of the largest portfolios of land in Somnium Space, says he earned $18,000 in rental fees in 2021. After cutting his teeth letting out condos in the physical world, he has created something of a virtual real estate empire, amassing 100 plots. The same set of golden rules—buy in a desirable location, invest in improving the property, and set the right rental price—apply in the virtual and physical domains, Bell says.

Sam Huber, CEO of LandVault, says the real money is in combining land rental with auxiliary services like virtual property design and development. His company, which aims to offer a simple “end-to-end” service for renters, is currently able to recoup the cost of purchasing a plot in as few as two months.

Although letting out virtual property is extremely niche, an entire industry has already been established around the concept. There are not only virtual landlords, but property managers and real estate agents to aid them and developers to help design and construct the buildings they want to rent out. There are even investment firms that specialize exclusively in virtual property.

The idea that someone might be willing to pay to temporarily occupy a virtual piece of land is curious in itself, but even more interesting is what this says about the trajectory of these blockchain-powered virtual worlds and the social dynamics forming inside them.

Implicit in this arrangement, says Philip Rosedale, creator of Second Life, is the formation of a new “winner-takes-all” class system. The landed gentry sit atop the social pyramid and below them the professionals and tenants—the latter precluded by price from mounting the property ladder themselves.

The development of sophisticated industries might be construed as a sign of the increasing maturity of virtual communities. But it could also be a sign of disease, says Rosedale, whose own 3D online world pioneered the concept of virtual real estate in the early 2000s.

“The accumulation of wealth in virtual economies is of great concern,” claims Rosedale. Because there is no ongoing cost of ownership for virtual landowners, he says, there will be an “inexorable” and “destructive” consolidation of wealth in the hands of a minority.

Similar theories are raised by Roger Burrows, a sociologist and professor specializing in digital culture and social inequality at the University of Bristol, and Vassilis Galanos, a lecturer in sociology at the University of Edinburgh.

The evolution of virtual real estate is “profoundly political,” says Burrows. He sees virtual worlds as places people go to cocoon themselves among others who share their political beliefs. In this case, so-called cryptonatives have constructed a world over which they preside, as owners of the land, built around the same suspicion of government and public institutions on which the crypto movement was founded. Nominally, anyone is welcome, but only as a tenant.

Burrows says metaverse worlds are simply reflecting what’s happening in the physical world, where ultra-wealthy people like Elon Musk and Peter Thiel separate themselves from “the great unwashed, the difficult and the messy.” The result will be a series of virtual enclaves populated by people with a “misunderstanding of the world” and “fear of otherness,” he says, eliminating any remaining hope that the metaverse will deliver on its promise to unite people from different walks of life.

A different interpretation is that virtual worlds provide the ideal setting for a theatrical simulation of class struggle—a new form of slumming it. Having never experienced class struggle before, theorizes Galanos, those with excess wealth enter into a game that requires them to compete for social status in a virtual community. “It’s like playing Monopoly,” he says.

The platform operators are less concerned about the class dynamics that might emerge within the worlds they have created. The thrust of their argument is generally that hierarchies are native to all human communities, or that exploitative setups will be ironed out as the market matures. “A lot of human nature will be reflected in the metaverse,” says Sam Hamilton, creative director for Decentraland. “Some people will always find ways to game systems and generate wealth.”

Others maintain that the metaverse is a force for inclusion, not division. Hrish Lotlikar, cofounder of metaverse SuperWorld, understands the temptation to treat the virtual rental market as an allegory for class division, but says its evolution is more a reflection of modern attitudes to ownership. Instead of buying a movie, people subscribe to Netflix, and instead of owning a car, they use Uber. In the same vein, he says, some people will prefer to rent virtual land for short periods of use.

Either way, these experiments are playing out on a small scale for now. Although Decentraland attracts tens of thousands of people during events like Metaverse Fashion Weekonly around 7,000 visit the world each day on average.

The secret to Second Life’s enduring success and steady social equilibrium—two decades on, the platform still attracts 40,000 concurrent users—is the relentlessness with which it mimics reality, claims Rosedale, all the way down to its system for taxation.

“If you make something more lifelike than social media, you end up with a situation where people are just as good to each other as they are in real life,” he says. But if you make the wrong design choices with virtual worlds—that’s when things go wrong.

Updated 01-20-2023, 10:45 am EST: This story was updated to correct the average number of daily visitors to Decentraland, which is around 7,000 a day, not fewer than 1,000 a day.

Source: Metaverse Landlords Are Creating a New Class System | WIRED

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Four Tasks Small Business Owners Need To Be Doing Right Now

Small business owners should do these four tasks as soon as possible in the new year...getty

Owning a small business is daunting, even for people with loads of management experience. Suddenly finding oneself “where the buck stops” can be anxiety inducing. The consequences of failure for some mistakes can affect more than just you (e.g., your staff or even your family) and can be expensive and time consuming to fix.

Whether you are a brand new business owner or someone who has had their business for a while but is constantly gobsmacked by the amount of administrative work that piles up when you are working on other tasks, Ronnie Goode—CPA-owner of Rhythm Accounting in Richmond, Virginia— says that taking some time in January to mark the following four items off of your “to do” list will reap rewards when it’s time to file your tax return.

1) Close Your Books For 2022

One of the first tasks small business owners should do (especially those who manage their own books) is to close their business books:

  • Categorize Transactions: Sort expenses into the proper accounts. It’s OK if you aren’t sure to use the “Ask My Accountant” option but try not to overuse it. If you have multiple income streams make sure that bank deposits are also coded by income stream so you can determine your business’ most profitable income sources.
  • Reconcile Bank Accounts: This task is often skipped by business owners who don’t have outside bookkeeping or accounting help but it is one of the most important year-end tasks to ensure balance sheets and other financial reports are accurate.
  • Generate Financial Reports: At a minimum your tax preparer (even if that is you) needs a detailed profit and loss statement (P&L) and, ideally, a balance sheet. If you have a CPA they will help you interpret your financial results. If you provide them with the necessary information early enough in tax season, they may even be able to help you with some last-minute, after year end tax planning.

2) Issue Forms 1099-NEC To Contractors And Subcontractors

If you paid more than $600 to a contractor or a subcontractor you have until January 31, 2023 to issue them a Form 1099-NEC. If you haven’t already received Form W9 from your contractors you will need to contact them to have them provide you with the form or the necessary information. Adopt the best practice of having new contractors complete their W9 before they begin work.

Make it a requirement for accepting the contract! It’s even a good idea to ask your regular contractors to complete a new Form W9 at the beginning of each calendar year just to make sure their business and contact information is up to date. Goode reminds business owners that the W9 is not necessary if the payments were issued to a corporation (e.g., the big box store from which you purchase your office supplies).

3) Issue Forms W2 To Employees

If you had any employees in 2022 you must issue their W2 on or before January 31, 2023. Goode notes that the simplest way to accomplish this is to use payroll-specific software or a payroll provider. Now is also a good time to check and make sure all payroll tax forms (Forms 941 and Form 940) have been or will be filed promptly and that all payroll taxes have been or will be paid.

4) Make Your Final Estimated Tax Payment

Goode reminds business owners that their final estimated tax payment for 2022 is due on January 17, 2023. He notes that the amount of estimated taxes you are required to pay is based on last year’s numbers. Sometimes, however, those numbers aren’t accurate. Adjusting quarterly estimates is one area where hiring an outside tax and accounting professional can really help taxpayers avoid problems.

For example, if a taxpayer has a bad quarter, the professional can help determine a lower estimate or if the business had an exceptionally good quarter the professional can determine if making a larger estimated payment will help avoid a nasty surprise come filing time.

Even if you are managing your own books, resolve to learn how estimated payment calculations are made and to look at your profit and loss quarterly to ensure you are not overpaying or grossly underpaying your estimated taxes. Finally, Goode reminds small business owners that “From a financial perspective, businesses have cycles that dictate not only how to move, but when to move.

Understanding these cycles can help [business owners] create a routine and a [financial] system for their business” that helps the business maximize profits while planning for the taxes. Remember, it’s never a good idea to spend money to save money on taxes. Spend money to make more money and plan for the taxes as you go!

By:

I own Tax Therapy, LLC, in Albuquerque, New Mexico. I am an Enrolled Agent and non-attorney practitioner admitted to the bar of the U.S. Tax Court. I work as a tax general

Source: Four Tasks Small Business Owners Need To Be Doing Right Now

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Dropshiply   https://jvz3.com/c/202927/383483/
DUX Forex Signals   https://jvz3.com/c/202927/128215/
Easy NFT  https://jvz4.com/c/202927/381381/
EasyIllustratedeBooks    https://jvz4.com/c/202927/66190/
EasyRankr   https://jvz6.com/c/202927/357707/
EBook Agency    https://jvz2.com/c/202927/384573/
Ejaculation Total   https://jvz2.com/c/202927/75989/
Email Monetizer    https://jvz2.com/c/202927/386337/
EngagerMate  https://jvz8.com/c/202927/328172
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Explaindio    https://jvz1.com/c/202927/123757/
Extreme Adz   https://jvz8.com/c/202927/379244/
Extreme Coupon  https://jvz1.com/c/202927/216101/
EZ Local Appointment  https://jvz2.com/c/202927/385180/
EZDeals  https://jvz8.com/c/202927/377689/
Ezy  https://jvz1.com/c/202927/381935/
Ezy MultiStores  https://jvzoo.com/c/202927/381935
Facebook Cash Machine   https://jvz4.com/c/202927/382333/
Facedrip  https://jvz1.com/c/202927/376325/
FaceSwap   https://jvz4.com/c/202927/381768/
Fade To Black   https://jvz2.com/c/202927/344541
Fanpage  https://jvz4.com/c/202927/144349
Fitness Nutrition   https://jvz4.com/c/202927/353334/
FitnessVideo   https://jvz6.com/c/202927/390717/
Followup Builder   https://jvz3.com/c/202927/386313/
Forex Atlatian   https://jvz8.com/c/202927/25069/
Forex Blizz   https://jvz8.com/c/202927/144577/
Forex Blue Stark  https://jvz3.com/c/202927/47481/
Forex expert   https://jvz1.com/c/202927/376877
Forex Hybrid Scalper    https://jvz6.com/c/202927/95037/
Forex Joustar   https://jvz6.com/c/202927/381617/
Forex Mastery   https://jvz2.com/c/202927/144621/
Forex Scouts   https://jvz6.com/c/202927/132677/
forrk  https://jvz1.com/c/202927/373449
FusionMT4    https://jvz2.com/c/202927/372523/
FX Goldminer  https://jvz1.com/c/202927/381439/
Galactic  https://jvz1.com/c/202927/188236/
Gaming job   https://jvz2.com/c/202927/184902  s
Genesis Mining   https://www.genesis-mining.com/a/2535466
Gluten free   https://jvz4.com/c/202927/296191
GMB Snap  https://jvz4.com/c/202927/376661/
Graphic Alta  https://jvz2.com/c/202927/324492/
Heal Your Emptiness   https://jvz6.com/c/202927/384848/
High Converting Emails  https://jvz3.com/c/202927/386305/
HostLegends    https://jvz4.com/c/202927/384774/
Hostley Domain Creator   https://jvz1.com/c/202927/379223/
Human Synthesys Studio  https://jvz8.com/c/202927/367353/
ImageX   https://jvz6.com/c/202927/363237/
IMSyndicator  https://jvz1.com/c/202927/370769
Inboxr   https://jvz2.com/c/202927/312692
Insta Keyword    https://jvz6.com/c/202927/351606/
Instant Website   https://jvz2.com/c/202927/377557
InstantWebsiteBundle          https://jvz6.com/c/202927/377557
iTraffic X  https://jvz2.com/c/202927/320466
keysearch  https://jvz4.com/c/202927/236407/
KlickCourse   https://jvz3.com/c/202927/385006/
KlickXCopy    https://jvz3.com/c/202927/385458/
Klippyo Kreators  https://jvz8.com/c/202927/327447
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LeadsGorilla   https://jvz2.com/c/202927/390077/
Leadvalet   https://jvz3.com/c/202927/385580/
LegalSuites   https://jvz2.com/c/202927/388896/
Levidio Royal Podcasting   https://jvz6.com/c/202927/384025/
Linkable DFY   https://jvz6.com/c/202927/385873/
Linkomatic  https://jvz2.com/c/202927/380937/
LiteTrading   https://www.litefinance.com/?uid=929237543
Live Your Truth  https://jvz6.com/c/202927/379020
Living An Intentional Life    https://jvzoo.com/c/202927/382455
Living an International Life    https://jvz8.com/c/202927/382455/
Local Leader   https://jvz4.com/c/202927/383751/
Local Sites   https://jvz4.com/c/202927/380543/
LocalAgencyBox  https://jvz2.com/c/202927/359468
LocalCentric   https://jvz2.com/c/202927/379339/
LocalioAI    https://jvz6.com/c/202927/378310/
MarketAll      https://jvz2.com/c/202927/386971/
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MarketPresso   https://jvz3.com/c/202927/343043/
Massfluence  https://jvz4.com/c/202927/386885/
Mat1 Simple Funnel   https://jvz2.com/c/202927/380197/
Maxslides  https://jvz8.com/c/202927/376842
Mech Forex Robot   https://jvz6.com/c/202927/383447/
MediaCloudPro   https://jvz2.com/c/202927/343635
Megasuite   https://jvz3.com/c/202927/383953/
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Mobi First   https://jvz2.com/c/202927/353694/
Motion Kingdom Studio  https://jvz4.com/c/202927/383177/
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MT4Code System   https://jvz2.com/c/202927/376925
My Passive Income   https://jvz1.com/c/202927/384099/
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Organic Life Guide  https://jvz8.com/c/202927/366872/
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Phemex  https://phemex.com/register-vt1?referralCode=D8HUS2
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PicsAds   https://jvz2.com/c/202927/385468/
PigMoneyMethod   https://jvz2.com/c/202927/377665/
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Pitchdeck   https://jvz3.com/c/202927/347847/
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Prime Stocks   https://jvz8.com/c/202927/369164
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SocialAgency360   https://jvz1.com/c/202927/385357/
SocialMediaMarketing   https://jvz2.com/c/202927/243553/
SociCake  https://jvz2.com/c/202927/321987
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SociJam  https://jvz2.com/c/202927/309649
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SqribbleEbook   https://jvz6.com/c/202927/283867
Stackable Picture   https://jvz1.com/c/202927/385046/
Steven Alvey’s   https://jvz2.com/c/202927/351754
Stock Mages   https://jvz2.com/c/202927/388669/
Stoodaio   https://jvz1.com/c/202927/372094
Storymate    https://jvz3.com/c/202927/320972
StoryReel   https://jvz3.com/c/202927/387813/
StreamPilot   https://jvz2.com/c/202927/385431/
Studioninja   https://jvz1.com/c/202927/374965
Sunday Freebie  https://jvz1.com/c/202927/267113/
Super backdrop   https://jvz8.com/c/202927/376524
Survai    https://jvz8.com/c/202927/380933/
Syndranker    https://jvz3.com/c/202927/378143/
Talkingfaces   https://jvz3.com/c/202927/375550
The Internet Marketing   https://jvz2.com/c/202927/289944
Tonai Voice Content   https://jvz8.com/c/202927/383119/
Toon Video Maker    https://jvz2.com/c/202927/357201
TrafficForU   https://jvz3.com/c/202927/381950/
Trendio  https://jvz3.com/c/202927/381003/
TubePal   https://jvz6.com/c/202927/379863/
Tubeserp   https://jvz3.com/c/202927/370472
TubeTargeter  https://jvz6.com/c/202927/377211
TuneMingo    https://jvz3.com/c/202927/386556/
TV Boss Fire  https://jvz6.com/c/202927/379480/
Ultrafunnels A.I   https://jvz2.com/c/202927/381129/
VIADZ Ad Template  https://jvz4.com/c/202927/379307/
Vidcentric   https://jvz4.com/c/202927/376095
Viddeyo    https://jvz6.com/c/202927/382326/
ViddleInteract   https://jvz8.com/c/202927/388716/
Videevolve   https://jvz4.com/c/202927/381011/
Vidently   https://jvz1.com/c/202927/387798/
Video Campaignor      https://jvz4.com/c/202927/387058/
Video Games   https://jvz3.com/c/202927/184902/
VideoEnginePro     https://jvz2.com/c/202927/372916
VideoGameSuite    https://jvz3.com/c/202927/366537/
VideoRobot Enterprise   https://jvz8.com/c/202927/291061
VidKreate   https://jvz6.com/c/202927/386029/
VidMingo   https://jvz6.com/c/202927/378359/
VidRaffle   https://jvz2.com/c/202927/386840/
VidSnatcher    https://jvz3.com/c/202927/342585
VidVoicer    https://jvz1.com/c/202927/379983/
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Viral dash   https://jvz6.com/c/202927/375959
Viral Quotes      https://jvz2.com/c/202927/386984/
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Vocalic  https://jvz2.com/c/202927/383848/
VoiceBuddy    https://jvz1.com/c/202927/342854
VR Studio  https://jvz8.com/c/202927/388296/
WebCop  https://jvz4.com/c/202927/378683/
Webinarkit   https://jvz3.com/c/202927/383937/
Webprimo   https://jvz1.com/c/202927/379455/
WordPress Mastery   https://jvz1.com/c/202927/386249/
WowBackgraounds   https://jvz2.com/c/202927/381556/
WP GDPR    https://jvz8.com/c/202927/299907
WP Simulator    https://jvz3.com/c/202927/46987/
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XBrain Forex   https://jvz3.com/c/202927/372305/
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YoSeller   https://jvz4.com/c/202927/387544/
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How DezignBiz Creates 3.5 Million Irresistible Designs and Even Start Your Own Design Agency in Minutes

This A.I. tool automatically designs, styles, formats and resizes banners, display ads, social media posts, blog posts and so much more in just 1-click. Make UNLIMITED unique new versions of any graphic design in just 1 click automatically.

Give your website, blog and social media an attractive makeover.  Or even create a new brand from scratch and design everything you need all in one place. These platforms have the power to create an impression, establish trust and most importantly generate business for you.

The “smart” redesigning feature is like having your own full-time design team only better, faster, and cheaper! Grab all those eyeballs while you create and share striking visuals.  Every template and visual element is professionally designed to be pixel perfect. You’ll look like a pro from day one and have everyone thinking you’ve been in the design business for years.

Impress your existing customers and rope in new customers as they can’t help but click the ‘buy’ button every single time.You can also earn some crazy income by selling these designs to OTHER businesses across the world (and you get to keep 100% of the profits)….Read more details here..

Source: https://dezignbiz.com/

.

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FusionMT4    https://jvz2.com/c/202927/372523/
FX Goldminer  https://jvz1.com/c/202927/381439/
Galactic  https://jvz1.com/c/202927/188236/
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Graphic Alta  https://jvz2.com/c/202927/324492/
Heal Your Emptiness   https://jvz6.com/c/202927/384848/
High Converting Emails  https://jvz3.com/c/202927/386305/
HostLegends    https://jvz4.com/c/202927/384774/
Hostley Domain Creator   https://jvz1.com/c/202927/379223/
Human Synthesys Studio  https://jvz8.com/c/202927/367353/
ImageX   https://jvz6.com/c/202927/363237/
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Insta Keyword    https://jvz6.com/c/202927/351606/
Instant Website   https://jvz2.com/c/202927/377557
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Linkomatic  https://jvz2.com/c/202927/380937/
LiteTrading   https://www.litefinance.com/?uid=929237543
Live Your Truth  https://jvz6.com/c/202927/379020
Living An Intentional Life    https://jvzoo.com/c/202927/382455
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