Why are we borrowing
from China to pay for rich people’s ‘toys’?
$1.22
TRILLION in tax breaks—mostly to corporations and the wealthy—just in 2015.
“Tax
Expenditures” include deductions for mortgages on 2nd
homes in Swiss alps, yachts
costing $1 million, “gentleman farms,”
and ‘art’
gifts to charities. This $1.22 T tax loss is GREATER than all the other things Congress spends on. We have to borrow
$583 billions to make up this GAP. We have to pay $229 billions in interest on
all the loans from the past. Our military
spending has increased 50 percent since 9/11/1. We spend HALF
of our discretionary spending on paying
for the defense departments of Iraq,
Turkey, Egypt, Israel, S Korea, Japan, Germany, and Ukraine. 800
bases! We buy planes
and ships the military doesn’t even want. Meanwhile, roads and bridges fall—Madness.
Pay your fair share:
http://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702
State Farm caught ripping us off
“LifePath” target date funds are managed by BlackRock
Advisors but State
Farm takes 0.28% of each account for its limited role. Investors claim breach
of fiduciary duties and want their money back. Target date funds use index funds
and they cost only 0.05%.
Pay less; keep more: http://www.amazon.com/Your-Tax-FREE-Low-Cost-Mutual-Funds/dp/1484080920
Is BlackRock’s
robo-advisor money management for you?
BR buys FutureAdvisor
for its banks, brokerage firms, insurers and 401(k) plans to use the company's
digital platform to serve mass affluent investors and millennials. The largest
asset manager will share excess fees with another layer of middle people.
Paying more for a robo-advisor with standard portfolios may not help you to
meet your long-term goals. Many studies show the best predictor of
investment success is low cost.
Tax evaders continue
to use indicted Swiss banker’s firm
Americans that used
Swiss banker Josef Beck to evade taxes continue to evade with indicted banker’s
sons firm, just created after Josef Beck was indicted in 2012. Regulators can’t
prosecute because Switzerland
won’t extradite its own citizens.
IRS has a tax-FREE account
for working people: http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
Our pension benefits are undermined
State pensions had a $968 billion shortfall in 2013. Pension
benefits that were promised in legal contract to state employees will NOT
be paid because annual payments are skipped, according to a Pew report. Our
social contract is broken.
How much of your
retirement are you giving away?
Are you losing 63% of your retirement earnings to Wall
Street?
Broker/advisor/trading cost 1% to 3% every year.
If you use a salesperson, costs can take over HALF of your
money!
If you contribute $3,000 a year to your 401k, IRA, etc plan,
you end up with:
$3,000 per year @11%
for 33 years = $1,018,177
$3,000 per year @11-1% for 33 years = $778,768
$3,000 per year @11-2% for 33 years = $613,805
$3,000 per year @11-3% for 33 years = $486,634
If you had been
using a low-cost mutual fund like Vanguard you would have paid 0.17% for 17.31%
annual return for the last 5 years. Your account would have more than
doubled.
Tell your broker/advisor they can’t take your money anymore:
http://www.amazon.com/Wall-Street-Cleans-Up-Advisors/dp/1517043255
Which investments for the market decline?
If the stock market news makes you uneasy, where should you
park your long-term retirement funds? Most low-cost balanced funds will help
you remain sane by avoiding the lowest lows. For instance, the Vanguard Target
Date 2035 has almost doubled your funds since 2005 with less loss in 2007-8. There
were ONLY 40 days from 1950 to 2007 that produced 70% of all the S&P
500 index’s total returns. That is 40
out of 14,528. We can't possibly
know when to sell and buy back
before the rebound. Vanguard’s Top Ten also protect your spirits and may keep
up their 10% returns for the rest of your life: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
401k plans have too many options
Plans that match contributions, usually match 50% up to 6%
of income. A study by Yale showed that ‘auto enroll’ and ‘auto escalation’
increased participation and amounts. However, “for every additional
10 fund options, the participation rate is lower by 1.5 to 2 percentage
points,” James Choi found.
Keep it simple and low-cost: http://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
What happens if you sell and buy in a panic market?
Imagine two people who each invested $1,000 in the S&P
500 at the beginning of 1980. The first one buys once and never sells. The
second one is slightly more cautious: He sells any time the market loses 5 percent in a week, and
buys back in once it rebounds 3 percent from wherever it bottoms out. At the
end of last week, the first investor’s holdings would be worth $18,635.
The second investor would have just $10,613. HALF.
Use Warren Buffett’s strategy: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900
“If I had a world of my own, everything would be
nonsense.” Lewis Carroll, Alice in Wonderland
Bush gave $1/2 billion in tax
money to 1 firm to bring jobs to FL with poor results.
Trump outs hedge funds: "They're paying nothing [in
taxes]. And it's ridiculous."
Cruz’s satellite vs NASA’s
satellites=oceans invade land in real time
Christie is sued for using deficit
tax dollars for non-Gov business instead of pensions.
He spent $1 million on out-of-state security costs since
2010. $1 million on whitewash.
Christie blames Obama for heroin
epidemic and market
crash. Droughts? floods? Fires?
Bernie to check WS excess: https://berniesanders.com/issues/reforming-wall-street/
Health brokers use ObamaCare needs to grow business
Brokers say they increasingly view the ACA as an avenue
toward new
revenue opportunities and roles around education and communication. GOP
plans to repeal ObamaCare. Will brokers’ lobbyists take Obama’s side?
Do foreign-born really steal jobs from native-born
Americans?
GOP makes it sound simple. Data suggest that everyone that
wants to work finds
some employment but level of skills/education still determines who gets
good-paying jobs. Smart and educated native- AND foreign-born are rewarded for
creative work. EG: An average Entry-Level Information Technology Consultant can
expect to take
home roughly $61K. Machinist average
$45K with overtime. According to SimplyHired.com, the average salary for a waiter in Houston
is $49,000 a year, and “some can make a lot more than that.”
Fight fire with fire--RoboCaller killer
Calls you don’t want on your mobile? Or landline? Kill them
automatically: https://www.ftc.gov/news-events/press-releases/2015/08/ftc-awards-25000-top-cash-prize-contest-winning-mobile-app-blocks
WOW—Star Trek’s Replicator?
MIT researchers created MultiFab, a relatively inexpensive
3-D printer that can print out lenses,
fiber-optics, and fabric. Soon, it can do full-color models of everything
from movie sets to electric motors.
Convenience that kills
Cars that don’t turn off kill 13 and car makers are sued.
With keyless ignition/off/on that drivers forget and CO fills attached home
killing occupants.
Hawking thinks there are other
universes down the black hole—Alice
agrees!
SCAMS
We are spending $8 million per HOUR on
our wars in Iraq/Afgan. We are paying
for the defense departments of Iraq,
Turkey, Egypt, Israel, S Korea, Japan, Germany, and now Ukraine. Why are we
going into debt with China for them? They have money!
GEICO caught discriminating—no jail time
Geico was charged with quoting inflated rates to women,
low-income and non-professional-level applicants. The company agrees not to
consider education and occupation in sorting coverage limits via a three-year
settlement. Pays fee.
James R. Glover of White Hall ,
Md. Signator Towson ,
Md.
IAN
41 Watchung Plaza, B242
Montclair, NJ 07042
973.746.2014
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