Happy NEW Year—Mutual Fund Fees Fall
Vanguard
cuts fees again as investors flee remaining “high-cost” managers. If you
used the 30
year old 500 Index, your account went up over 12%. If you used an advisor,
you probably saw 2% less. Two percent less every year you invest for retirement
could cut
your potential nest egg by 64%. Why? Miracle of Compounding works in
reverse too. Unless your advisor is able to beat the market and the fees over
time—and few have done it—you are only hurting yourself. Vanguard cut fees
because we investors own Vanguard and as it drains
the for-profit fund families, we benefit from ‘buying in bulk’. We go to
Costco for the same reason. Fees are important as this young man
told his father.
500 Index is one of the Vanguard Top 10: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Best New Year Resolution: Start Wealth ReserveTM Jan for $1 million later
Every retiree has told me they wish they had started investing
earlier in their life because it is TIME and not brilliant money
management that provided their best strategy.
The Miracle of Compounding earnings,
interest and dividends every year turns $250 a month, $99,000 over time into $1
million. Each $250 is worth $2,525 later.
Many said they did not miss the $250 a month because they
had it debited from their account automatically. They said they checked their
401k or IRA account only once a year. It always seemed to go up so they did not
worry. Some just did not think about the account at all because they were
saving for retirement and it was a long way off.
Give YOURSELF the gift that keeps on giving: https://www.amazon.com/Miracle-Compounding-Turn-$9-day-into-millions/dp/1470176513
Young investors bet against Trump election and lost 27%
Thinking the defensive market—gold and silver—would soar
because Trump won young
investors bought metal ETFs and sold bull market index ETF. The average
performance of the five ETFs most favored by millennials since the election fell
27
percent. When we try to time the market with tactical trades, we turn
into adrenaline junkies, choosing triple-levered oil ETFs and other products
that have up to 14 times the volatility of the S&P 500 index as our
preferred trading vehicles. Index up over 12%.
Leave your money alone to work: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Is your vehicle on the Consumer Reports Worst Brand
listing?
The top two best carmakers ended up being Audi and
Subaru respectively, followed by luxury brands Lexus, Porsche, and BMW as
the definitive top five.
Owner satisfaction survey shows most brands would be bought
again except Fiat, Nissan and Infinity. http://www.consumerreports.org/car-reliability-owner-satisfaction/car-brands-ranked-by-satisfaction/
Used cars CR says you should never buy because
they are unreliable and costly to repair: http://www.cheatsheet.com/automobiles/used-cars-consumer-reports-gave-the-never-buy-label.html
FREE tax preparation
Advertising to you is how they pay for free credit score and
free tax preparation. https://www.creditkarma.com/
needs your eyes to obtain dollars from sellers of financial services and they
give you software to file federal and state taxes at no cost. If you need to
file a simple return, this is the cheapest way. The IRS has a topic
look up so you can find the answer to your question easier than waiting on the
telephone for an operator to answer: https://taxmap.ntis.gov/taxmap/
You can do your federal online FREE using commercial sites through the IRS https://www.irs.gov/uac/free-file-do-your-federal-taxes-for-free.
These sites charge for a state return. You can also use a local AARP tax aide
office. http://www.aarp.org/money/taxes/aarp_taxaide/
AARP does not discriminate by age or income so they can usually take care of
most people. Best tip: deduction for IRA contributions and tax credit $2,000 subtracted
from tax you owe. Double Pleasure.
Take your Tax Credits like The Don: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Is a 3% HELOC right for you? Emergency fund?
Bills after Christmas are annoying so you might want to put
yourself on a 1-year payment plan at low
rates. Your home is your collateral for this “No closing cost” loan and tax
deductible. This beats using credit card rates of 15-25%. It can be paid off
early without penalty if you are due a big tax refund in April. Once you have
secured the line of credit you could use it as your emergency fund. That way
you don’t have to leave a big chunk of money in the bank at 0.01% as advisors
recommend. Some even tell us to keep 9
months of pay in the bank. At the average income of $52,000,
that means you are wasting $40,000 earning 0.01% in a bank instead of 10-12% or
$800,000
from investments over your working life. Double pleasure: low rate pays off
high rate loans and deductible.
Advisors have conflicts of interest: https://www.amazon.com/Unbiased-Advisors-Network-helps-tax-FREE/dp/1470106841
Why do we lack financial knowledge?
A 2015 study of financial literacy that covered adults in
148 different countries found that we rank 14th, just behind Singapore
and the Czech Republic Estonia
and Bhutan .
Only 57% of the Americans surveyed could pass a basic financial literacy test. Even
today, only 17 states require any form of personal financial education in high
school, and it seems to have had little impact. Most high
school seniors think the best way to save for retirement is with a savings
account. We are taught to spend not save every minute watching
TV. Fundamental concepts like compound interest are not covered in
high school or college so that few know how to make $99,000 into $1 million.
Financial firms use and encourage a lack of knowledge to take
up to HALF our potential nest egg. https://www.amazon.com/Miracle-Compounding-Turn-$9-day-into-$millions/dp/1470176513
Can GOP cut medical and drug costs or just ration card our health
care?
Now that one party controls the executive,
legislative and judiciary branches of government, will they be able to
fight off the lobbyists and make
a better deal with medical and drug providers? A Senate investigation has
just concluded that pharmaceutical companies have taken advantage of our
health care system to “enrich themselves and their executives, harming
patients and taxpayers.” Because Bush II made a bad deal with drug firms—not to
negotiate the prices Medicare is charged—we are paying double what the rest of
the world pays for our drugs. In one case, an off patent drug from the 50’s has
gone from $40
to $38,000. Acthar is a chemical compound made in the lab for under $20.
Yet the total Medicare spending on Acthar was $504 million last year. Trump and
his Congress could make a “fantastic” new deal with druggists if they wanted to
or they could restrict people from getting Acthar by cutting Medicare spending
to make more nuclear
weapons or build that Wall. The Supremes could side with people’s “health
and happiness” if Acthar druggists fought price controls in court.
Which course will GOP take? Reject lobbyist money and cut
the price or ration access?
Trump and Congress want to end regulation but prices are already out of
control.
“Whatever I say is
true; it is true because I say it”
He thinks we need more
nuclear bombs but we have enough to kill everyone 3x.
He and Putin both want to Make America/Russia Great Again. With
weapons.
Vlady cons
The Don just like Putin
conned Bush II “"I looked the man in the eye. I found him to be very
straightforward and trustworthy.”
He thinks China
needs a shakeup.
We need China
to loan us the money to survive so spiting in the eye is not best move. Rather
get them to buy N.Korea nuclear bombs.
Donald
Trump thanks himself for rising consumer confidence numbers. Takes credit for
Sprint jobs announced last year.
Other
B.S. theories: that Hillary Clinton was helping run a child sex slave ring
out of a D.C. pizza joint, as allegedly proven by code words in hacked
Democratic emails. President Obama was born in Kenya .
Millions of illegal votes were cast in the 2016 election. Our own intelligence
community’s assessment that Russia
hacked Democratic emails in order to help elect Trump is WRONG. Putin never hacked
us. Russia
tampered with vote tallies to help elect Trump. Vaccines cause
autism so child
outbreaks from no vaccinations are just govt myth. The share of Americans
without health insurance has risen in
the last five years even though 20 million more have ObamaCare. It is a
disaster for 20 million who never had care before so it must be repealed so
they can go back to hospital waiting rooms and wait.
Even our generals are scared of his habits.
“Mr. Trump is a potential disaster as
commander-in-chief—uninformed, volatile, poor judgment,” says Barry McCaffrey,
a retired four-star Army officer. “What he is saying is not
based on facts: it’s based on immaturity, bad judgment and ignorance, and I
think it’s going to be hard for people in uniform who are thoughtful about
this, to vote for him,” adds retired general Merrill McPeak.
He does not check rightwingwatch.org/
factcheck.org/ to verify the
information used to rule us.
We are entering the Twilight Zone:
"There is a fifth dimension beyond that which is known
to man. It is a dimension as vast as space and timeless as infinity. It is the
middle ground between light and shadow,
between science and superstition, and
it lies between the pit of man's fears and the summit of his knowledge. It
is an area which we call the Twilight
Zone."
Rod Serling
THE DON’S 282 PROMISES
Deportation,
The Wall, Re-Create Jobs, NO Abortion, No ObamaCare, More Guns, No Muslems,
Reprochmont
with Russia, Christian
nation, Jail
Clinton, Kill Terrorists and Family, Torture, Cancel
Iran deal, Cancel
EU-NATO, Term
limits, Replace VA head, Coal
Steel Infrastructure, End
drug monopolies, Tax imports esp Ford, Grow 6%, Cut Deficit, Separate
banking speculation, Cancel Consumer
Protection Act, Change libel
law, outlaw
flag burning, End
own biz ties, End
endless tweets, Cancel
Fiduciary Rule, Wealthy
tax break, No tax income <$50K, tax profits
sent overseas, Change
Washington, Change GOP, Change, Change, It was rigged! … so I would win!
Red
states limit Dem voting
Like mafia
family, The Don has never had a boss, no
corporate board to question his acts!
Remember, Don Trump
is still a contractor from Queens NY, richer than most.
“Trust
only family” “I'd love to have Jared
helping us on deals with other nations and see if we can do peace in the Middle East ”
Ivanka met with Japan
The Don
Way : Making money from the Secret
Service and Top
Secret info for biz, an Audience
with The Don costs you $
Tweets misinformation
all night
Revenge
for social slights
Not much reading
*
Actual outcomes: (“So
much for draining the swamp” He filled it again)
Trump goes
after Energy employees who support climate change policy. Pink slips?
Scientists
with data receive
death threats from Trumpers
CIA says Putin
helped The Don get elected and tampered
with the process. Trumpers say VP Cheney’s CIA was wrong about Saddam too. McConnell
sides with Putin vs CIA.
IN spent $24
million to keep jobs but lost 3,800—companies reneged!
700
laid off workers will not
be able to buy ObamaCare -- so lose twice.
Is this what
Putin would do? Force/pay owners to keep workers working!
Carrier
union rep gets
threatening phone calls—kids in danger from Trumpers?
Carrier
parent UT
gets $ billions from jet engine contract from US too!
Crony
capitalism—Palin does not like govt supporting business. Socialism?
Trump claimed Sprint was "going to be bringing
5,000 jobs back to the United States ."
Sprint, though, said in
a statement that the jobs would be a mixture of new positions and
others that were reinstated. SoftBank, which owns Sprint, said on Dec. 6 that
the company had
agreed to invest $50 billion and create 50,000 jobs here. 5,000 not
50,000.
Trump’s tariffs to stop outsourcing jobs will just raise
prices for us as before.
Dems won
by 2.9 million: GOP barred voters by closing sites, Greens took Clinton
votes WI, PA MI. Clinton received more votes than any
other presidential candidate in history.
New poll
shows the Comey
switch did the trick—Secret Police install dictator!
Clinton
email handling revived by DC court to recover 30,000 she deleted.
The Don claims he won popular vote "if
you deduct the millions
of people who voted illegally", though he provided no evidence of
widespread voter fraud. Recount is scam.
The Don disavows white supremacists as
they give the Nazi Heil but may have one as advisor. He has two: Paladino makes
death
treat to Obama and racist remarks.
Don’s vigilantes attack non-whites: hate
crimes up in NYC—Muslim cop assaulted. Muslim
woman attacked as terrorist.
The Don thinks that maybe torture
is not what the generals want.
The Don may believe in climate
change by man but today it’s hoax
like flat Earthers. He is spending to protect his FL golf palace from
rising ocean.
House
committee on NASA says it pushes
propaganda. “From next year, entire U.S.
government is going to be in the hands of people who really don’t
believe in the 'man-made global warming' scare story." Miami
flooded is illusion? Coast
mayors act?
The Don will “replace”
ObamaCare immediately with something “terrific” that is “so much better, so
much better, so much better.” 20
million people use ObamaCare. So why do more
Trumpers sign up for ObamaCare if it will be gone Jan 20? $75 a month?
McConnell, Senate, said to start repealing ObamaCare on Jan. 3 even with no
replacement in sight, declaring that “surely” the GOP revision will wind up
covering Americans better
than Obamacare. He did not say how he will cover the 25 million six
percent who has none. (GOP has used “voucher” tax credits to say they can
cover everyone in America but a voucher is not coverage and 47% of Americans don’t pay tax so tax
credits are meaningless to them.) Sign
up extended to 12/19 due to high demand
Trump
paid back students at his Trumped up U. $25 million and still made money.
The Big Con failed.
Deportations: “get the people that are criminal and have
criminal records, gang members, drug dealers, where a lot of these people, probably
2 million, it could be even 3 million, we are getting them out of our
country or we are going to incarcerate.”
Ford’s
factory better. Tax
cuts for rich/corporations mean no money for the wall.
Trump
tried a wall in Scotland and sent the bill but failed—they just don’t pay
the bill.
Giuliani paid millions
by Mexican politician running anti-Trump platform in 2018. Wow
NATO EU UN defunding: Weakening
NATO, EU and UN ties is Putin’s goal in regaining Russia ’s
superpower status. The Don has been flattered by KGB: no friend.
End
of Iran deal would be ‘folly’ according to CIA Brennan. “Disaster” for
proliferation. Iran
just bought 80 Boeing planes using our loans so nuclear deal will NOT be
cancelled.
Tax cuts: Single parents and large family will pay
more—1%ers get 13% tax cut. 100 top CEOs will have pensions
equal to all retirement accounts of 41% of all our families. 100 have more
than 116 million people in retirement, according to a new report. No middle.
GOP plan to tax imports means all working
people will pay more for most things.
No cuts to Social Security: Congress
and Don’s lieutenants plan age change and cuts.
Cut taxes so econ grows: wealthy get most breaks and buy art
with windfall
Economy is doing fine without cuts: Obama
economy created 178,000 jobs in November, and the unemployment
rate fell to 4.6% from 4.9% in October. 10
million new jobs under Obama.
Stop corporations sending profits (UNTAXED) overseas.
Stop government subsidies (socialism) to oil,
gas, agribusiness, drug corporations: Exxon as Sec
State
Reinstatement of the Glass-Steagall
to keep speculation from consumer banks.
Trump kids
become national security advisors—get top-secret clearance. Giuliani claims
“they can’t work in the government
because of the government
rule against nepotism.” But they can use the information in Trump’s
companies and insider trading. Conflicts of interest
range from Wall Street to Philippines and India.
Trump
promised not to run businesses but continues as producer of Celebrity
Apprentice confirmed for 2017. He can’t
live on $400,000 a year so will need to be supported by his sons, wife’s
and daughter’s businesses. Day to day they run them anyway and he knows his
brand will bet HUGE boost worldwide. Postpones
news on how conflicts handled.
Stop flow of jobs out of US but corp welfare
was paid
Ford
will still build $2 billion factory in Mexico but does not send KY jobs
there yet.
Fiat
building new factory for Jeep Compass in Toluca
Mexico
Carrier
agreed to keep 700 jobs in Indy—not furnaces. Taxpayer incentives given.
Trump’s deal “saves” less
than half of the total jobs, for a subsidy from IN. Jobs
still go to Mexico.
The Don will NOT show his tax returns or his
birth certificate. He does
not pay taxes: he claimed he lost money.
The Don’s slogan “lock
her up” was just B.S.—a $20
tote that isn’t even made here.
The Don’s claim NYTimes
is “a joke” was just BS--“I
will say, The Times is, it’s a great, great American jewel. A world jewel.”
Promised to stop
tweeting so much. Tweeting almost as much.
Promised to act presidential. Stop attacking individuals.
Attacked Carrier union rep.
Promised to give up business. Linked business in hidden
ownership no
accountability. Sons will keep businesses and still head Apprentice.
The Don’s big
bluff: what will be done has changed every day since election.
Propaganda
wins: 82% middle-school students could not distinguish between an ad
labeled “sponsored content” and a real news story.
“I’m going to bring down drug prices. I
don’t like what’s happened with drug prices.”
TIME
names The Don ‘person of the year.’
The Don promises more government spending. “Well
sometimes you have to prime
the pump. So sometimes in order to get the jobs going and the country going.”
Congress?
The Don’s budget guy will help Ryan cut our social programs.
Tolerance is
un-American now?
Regulators are the only protection against corporations since we
can’t sue anymore
Wells Fargo, Wells Fargo Advisors caught misusing
investors $60 millions.
Richard Cody, NJ, continued fraud
on seniors even after broker suspension ruling. Check
Deutche Bank caught in mortgage
mess fined $7.2B and Trump’s megaloans questioned
Emilio Francisco, PDC Capital, caught
stealing from investors immigration scheme.
Hans Peter Black, Interinvest, failed to answer SEC complaint
re: penny
stock scheme.
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
GM
killed 124 because ignition switch pin not replaced after knew it killed
first in 2006.
Carl
Icahn hired by The Don to let business pollute, destroy environment, make
mess.
Police want gun control.
When everyone has guns; your
chance of being killed goes up. Police don’t know who to
shoot. They assume everyone has one and shoot
first. You and thief have guns. CO
schools now allow teachers/administrators to carry
guns in the classroom. Kid lesson! Since 2015, police have killed
86 people with realistic looking FAKE guns--suicide?
Why police
shoot those who don’t lie down immediately—dementia, mental illness, etc.
Caller said
‘man
with gun’ so shot man w/o gun 9 times! Nine!
Police organization
issued a formal
apology for the historic mistreatment of minorities.
Trumpers want police to start buying
military weapons against civilians again.
SCAMS: Missed
delivery email scam—don’t respond; don’t click link. Call carrier.
IRS has new
code on your W-2 to verify your tax prep is authentic.
IRS
‘agents’ (Caller ID "IRS-IMPORTANT") do NOT call you so just hang up.
They don’t email, text message, or
social media. Period.
Report contact at https://www.irs.gov/uac/report-phishing
Ignoramus Award: Exxon
has already helped Congress give Putin a free pass.
How our government
wastes our money
Home
ownership at lowest level in 50 years: American Dream?
Clive Bundy still owes
US a $1 million for using our land to feed his cattle. Seize bank account?
Where have all the
jobs gone?
Tesla and Panasonic will begin production
of solar cells next year at a plant in Buffalo ,
25 good paying jobs http://www.cheatsheet.com/money-career/the-25-best-jobs-in-2016-all-pay-at-least-70000.html/2/
Trump claimed Sprint was "going to be bringing 5,000
jobs back to the US .
Actually reinstate the jobs.
Sears Kmart close
30 stores most in south—FL, KY—malls close: Amazon Digital Day
Who owns your account
now?
Vanguard
cuts fees again as investors flee remaining “high-cost” managers
Woman
hikes 30 miles out of Grand Canyon snow to save her family and only loses
toes.
IAN
41 Watchung Plaza, B242
973.746.2014
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