We pay big oil to send oil to China --can
Trump stop subsidies?
Our tax dollars are given to the big oil companies so that
they can sell more of our natural resources to China
and many other countries. We pay “subsidies”
to big oil, gas, drug
makers, agriculture firms, airplane and other manufacturers. Many of these
subsidized firms make $ billions but pay
no federal taxes. Some even get a refund! Our states
also pay these firms to make money with our taxes as grants, subsidies and
easements.
You can avoid paying their tax: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977
GOP does NOT really favor elimination of
regulations—lobbyists write them
One the GOP myths is that if we just eliminate regulations (by governments), economic growth is assured. But most of the regulations were created by business NOT the government. It is called lobbying. Business needs rules and stability to prosper. Yes government did have to step in to clean up the life-threatening activities of business but only after the mess was made. Workers were being killed in jobs since there was no profit in making mining, drilling, factories safe until 1891. Even Nixon recognized that business will polute since it is more profitable. He decided by himself that we need cleaner air, water, environment, etc so he made the EPA by executive order. But what about now? Why did it take 950 pages to force Wall Street to stop using our savings for their gambling that nearly destroyed our system? “Primarily because of the financial industry. The industry lobbied over and over and over again for this exception, that exception, this clarification, this interpretation, this permitted activity. Almost all of the length in these rules are demanded by the industry—and then they complain about the length and complexity of the rule.”
One the GOP myths is that if we just eliminate regulations (by governments), economic growth is assured. But most of the regulations were created by business NOT the government. It is called lobbying. Business needs rules and stability to prosper. Yes government did have to step in to clean up the life-threatening activities of business but only after the mess was made. Workers were being killed in jobs since there was no profit in making mining, drilling, factories safe until 1891. Even Nixon recognized that business will polute since it is more profitable. He decided by himself that we need cleaner air, water, environment, etc so he made the EPA by executive order. But what about now? Why did it take 950 pages to force Wall Street to stop using our savings for their gambling that nearly destroyed our system? “Primarily because of the financial industry. The industry lobbied over and over and over again for this exception, that exception, this clarification, this interpretation, this permitted activity. Almost all of the length in these rules are demanded by the industry—and then they complain about the length and complexity of the rule.”
Do we need the Fiduciary Rule to control fees?
GOP promises to do away with regulations and install a
Supreme that will stop making rules contrary to business growth. Fiduciary
means your advisor recommends a product that fits your needs without regard
to the commission or fees. This rule came out of the changes to the way Wall
Street sells products. But putting you
first only applies to annuities and other retirement products. Wall Street
lobbyists would have killed this rule if applied to ALL investments and advice.
The rule was made necessary because Wall Street firms sell us overpriced and
underperforming long-term plans that can take up to 63%
of our possible nest egg. For instance, most advisors recommend high-cost
annuities to defer taxes until retirement. Insurers pay advisors up to 10% of
your contributions for NET investment returns that make a banker blush. Wall
Street will switch
all annuity buyers to annual fees so they can earn more over time.
Retirement product buyers will pay 2% a year forever instead of a one time
annuity commission.
Consider better alternatives: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275
Do you need an annuity to delay taxes or create fixed retirement
income?
Most working people use a 401k, IRA or other pension vehicle
to grow their nest egg. In retirement, they can rollover their 401k into an IRA
and begin taking distributions. But if you need an annuity to create a “guaranteed
fixed income stream you can’t outlive,” your advisor may have pushed his
favorite annuity. Annuities are the expensive form of creating a stream of
income each month for your expenses. A typical contract may earn 3-4% and
charge 2% so you really only earn the 1-2%. If inflation runs at 1-2%, you may
find that the annuity guarantees cost more than they are worth. Your buying
power is reduced by HALF for every 20 years you lock up your funds in an
insurer. Once you sign the contract you can’t change your mind without it costing
up to 10% of your funds.
There are better alternatives: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019
So, Is your paid advisor worth it?
Baseball owners pay very high compensation to some players.
They think paying top dollar will help the team win or draw more paying fans
and more cable watchers. But most of these high costs are wasted. The A’s
proved that winning is about smart investing not overpaying talent. This
year, only
1 in 10 highest cost player proved helpful and they were not in the Series.
Most high-cost players are ‘has-been’ stars. In personal finance, the same
is true. High cost advisors are has-beens because we pay high fees for
PAST performance. That is all we know for sure. Your advisors’ promises are
just agent hype. No one can predict the future, especially next year’s winning
advisor. In fact last
year’s winner is usually this year’s loser. Highly-paid advisors are NOT
worth it, especially since their costs can rob you of “63%
of what you would have had.”
The best predictor of investing success is COST not stock
picking brilliance: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082
The best advisor’s advice is FREE
His investment return record is 20.8% a year since
1965: 50 years. He does not run a hedge or private equity fund. He does not
work on Wall Street. He runs one of the largest mutual funds in the world. He
does not charge extra fees like hedge funds and high priced mutual funds. He
does not trade often. He does not use huge loans to leverage his investments.
He does not use options, derivatives, or other dangerous gambles. He only
invests in solid
profitable companies like Coke, GEICO, American Express, and Burlington
Northern Santa Fe. He provides his FREE advice in letters to his
owners.
You can also read them in book form: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
Are there better ways to avoid taxes in retirement?
The wealthy have already figured out how to avoid taxes.
Remember Mit
Romney was said to have placed his $20+ million IRA off shore in the Cayman
Islands . He takes $millions in tax credits to lower his taxes to 14%
on $20 million income. Most of us pay 33% total tax because we have
“earned” income. The rich like Romney, Warren Buffett and John Kerry live on dividends,
interest and capital—NOT paychecks. Most pay under 17%. They
use tax credits to offset their income. They receive a tax credit when they
lose money on their investments and businesses. And Congress (which is mostly
multi- millionaires) writes the laws that make this situation possible. You can
fight back.
Avoid paying the taxes of the Tax-Credit Class: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
GOP religion
GOP religionists have embraced The Don because they think he
will turn back time and make the courts rule men and women’s health and sex.
Funny the religionists use this issue to manage their power but are not against
killing criminals or the observers of other religions. They are missing the
point of the New Testament: the whole point of the modern religion Jesus
introduced was to free men and women from old rules and focus on love for all
not just your friends. Last week a mother who beat her child 36 times with wire
was absolved to beat her 7 year old any time because she said her ‘Christian’
beliefs were the “guiding values” that influenced her behavior. GOP claims it
is ‘Christianity’. She cited verses from Proverbs 23:13-14—old law. Instead of
treating this as a violent crime, the state of IN said she can do it again
based on the state’s
new ‘religious freedom’ law to justify the beating of a child. GOP
religionists have perverted Christianity into a political weapon to hurt
children and others not liked. No wonder religion is dying out.
“In any given moment we have two options: to step forward
into growth or to step back into safety.” ― Abraham Maslow
Tea Party controls House, Senate, President, courts,
Supremes--Finally
got to be rulers
If you are wealthy and hate government, you win. Most of us
will grit teeth for 4 years. Trump’s Teas
will cut programs that benefit older adults and younger people with disabilities,
including Medicaid, Older Americans Act such as Meals on Wheels, adult day,
information assistance. Don said he would leave Social Security and Medicare
alone but he said many contra things. Teas have targeted all programs for
disadvantaged like ObamaCare.
Don may not resist their cuts especially if economy falters. He does not like
losers. 20
million will have no health care. "You're not going to let
people die sitting in the middle of the street." He made fun of
disabled, banned unfavorable press firms, and attacked certain minorities,
judges, laws, departments he did not like. His tax plan reduces taxes for very
rich but his advisor says if growth does not come, middleclass tax increase will
be necessary to balance budget. Christie just raised gas tax in NJ and let
millionaire tax cut stay. He ended the estate tax for rich. Christie may be
Don’s whip in Congress. He claims he can make Dems give in.
You will need your own tax-FREE pension: https://www.amazon.com/Your-Pension-Box-tax-FREE-employer/dp/1481945157
What to do when stocks become volatile under temperamental
Trump
We may see a market in rebellion as Don and the Teas shake
up Washington and state
governments. The unknown is not good for securities investors usually because
they do not look down the road only end of the block. Don says he will give
huge tax cuts to the wealthy so they will invest not send the money and jobs
overseas. This
strategy is not working in Kansas where the Teas have already had it in place
for 3 years. The Don talked about the good old days when the uneducated
could make good money. The fastest way to make a change is to convince the Teas
in Congress to fund infrastructure projects. Despite past history, this new
government spending could boost our retirement nest egg. However, to smooth out
the chaos of The Don’s change program, look to a balanced fund like Wellesley
Income fund at Vanguard. It has returned 9.8% since 1970--7% in 2016.
Experts advise that you NOT buy these cars new—bad buy
These cars are overpriced and thus lose value more
quickly than other equivalent buys: http://www.cheatsheet.com/automobiles/better-off-used-12-cars-you-shouldnt-buy-new.html/?a=viewall.
If you want to go American made, these are your choices: http://www.cheatsheet.com/automobiles/american-made-cars-2016.html/?a=viewall
On the other hand, if you want your car to last, here are those
to buy: http://www.cheatsheet.com/automobiles/cars-that-last-10-vehicles-that-can-go-over-200000-miles.html/?a=viewall.
Consumer
Reports picked these 10 as best new cars: http://www.cheatsheet.com/automobiles/consumer-reports-best-cars-to-buy-in-2016.html/?a=viewall
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
Ku Klux
Klan will hold a Trump victory parade in North
Carolina .
Like mafia family, The
Don has never had a boss, no
corp board to question his acts!
Do-Nothing Congress will
decide US future by doing
nothing for more 4 years.
The Teas have finally
gotten their wish!
The Don’s “cabinet”
are scary
group
THE TRUMP 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, Replace VA
head, Tax imports esp Ford, Grow 6%, Cut Deficit, Cancel Consumer Protection Act, Wealthy tax break, No tax
income <$50K, Change
Washington, Change GOP, Change, Change, It was rigged! … for me!
Don: You know I
couldn’t live on the Presidential
salary—a “step
down” for me. My immediate
plans for your benefits if Teas agree.
Huck: “Trump
may be a car wreck but at least his car is pointed in direction.”
I am President
so I won’t have to testify in Trump U.
(But we died in the wreck!) White
college grads did NOT leave GOP.
I’m glad FBI
not looking at my contacts with Russians. Email scandal helped.
I owe FBI
Comey big time. Thanks
Vladdy.
Let the dictatorship
begin: Christie in charge of WH. My Tower my real home.
I will be
on TV every night. On Twitter all night. Conferences at My hotels.
(Don thinks
Cruz's
father was linked to JFK assassination, China
made global warming concept, Obama not American, Obama not write autobio,
Obama got NY AG to investigate him, Clintons killed Vince Foster, saw Muslims
cheer 9/11 in JC, media hides tape of JC 9/11 event, he or foundation
gave money
to charities (Don
takes illegal “gifts” from vendors and gives as own), vaccinations cause
autism, voter fraud rampant, immigrants are criminals, and more)
Enemies
List: Christie in Charge of Revenge (BridgeGate).
Ryan, Graham, Cruz, Rubio, Bloomberg, DeBlazio, Gold star
Kahns, NYTimes, NYPost, WashPost, Univision, Megyn Kelly, judge and claimants
in Trump U. case, Trump
cancels brother’s insurance
Mike: I will protect
all the women in WH when he “grab them by the p**sy.”
“When you are a star, they
let you can do it … anything.” “He is Commander
now”
The Don is
really a liberal NY playboy at heart. Think Gotti.
Don will
restore the America
that the old white Christians love. Father’s Buick.
Hill: I guess I should
have listened to Bernie about change.
How the party
of Lincoln became the party of Trump—conservative means go
backward especially among “Christians” who now accept immoral
acts in their public servants.
Therefore by their fruits you shall
know them. Matthew
7:20
Regulators are the only protection we have since we
can’t sue anymore
Samsung washing machines ‘explode’
while in use. Top loaders break jaws.
Christie was mastermind
of bridge closing revenge according to juror. He benefited most!
MyPillow caught using deceptive
advertising—NO cures for diseases from pillow.
Wall Streeter Andrew Caspersen sent to jail for 4
years for Ponzi-like scheme to defraud
BankAmerica caught gouging
card fees from released inmates—little money and no job.
David Bergstein, Cyrano Group arrested for stealing
$5.8 million from investors.
Voya, Cetera, Kestra, FTB Advisors failed
to supervise sales of variable annuities.
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
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 a gun hidden. You and real criminals both have
guns.
Police organization
issued a formal
apology for the historic mistreatment of minorities.
SCAMS: Christie
still claims he knew nothing that his employees did: incompetent or liar
NJ Dems impeach
Christie over BridgeGate testimony
Voter suing
Trump for $1 billion because won’t accept vote and he’s distressed.
Ignoramus Award: FBI
tarnished by political interference. Find evidence first then letter
How our government wastes our money
Navy can't fire its
awesome new gun because EACH
round costs nearly $1 million.
Navy ships limited
to 3 from 32 since cost is $7 billion EACH.
Where have all the jobs gone?
ElectroMagnetic
StarTrek-type microwave thruster motor works—in space on solar.
35 jobs paying $50,000
with no college—some with on the job training.
Warren Buffett with $63 billions was rejected
by Harvard: didn’t like college either.
GM closes shifts in OH MI 2,000
out of job Can Trump stop GM job
loss as promised.
Who owns your account now?
New
Years Rockin Eve to Wang Jianlin
IAN
41 Watchung Plaza, B242
973.746.2014
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