Friday, December 30, 2016

Start $ million fund with low fees

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.

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.

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%.

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. 

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.

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 and slightly ahead of 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”
President does own “research” on Infowars.com, breitbart.com/, Twitter, cable TV

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

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 PM Abe already.
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)



            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.

China, which pays for most of our debt spending, is not happy with Trump already. China stole our drone from intl waters and Trump told them to keep it—CiC after Jan 20.

Carrier paid with IN tax credits to keep HALF jobs in Indy and Trump takes credit
            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.”

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. 


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 and GOP lobbyists make promise unlikely. TX cancels funding for Medicaid leaving thousands of poor women without care. Subsidies for oil remain.

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.
Ford still move making Focus from Michigan to Mexico to keep Focus cheap.
Fiat building new factory for Jeep Compass in Toluca Mexico. Labor is ½ price.
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.



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.

Obama’s rule giving overtime pay to 4.2 million US workers blocked. Trumpers lose

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
               Supremes stop us from suing—State courts no longer available to sue corporations!

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!

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



How our government wastes our money
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
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


IAN
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