Robo-advisor help wealthiest cut fees—earn more
“Our research consistently shows that robo-advisors are
becoming increasingly accepted by wealthy investors,” said Spectrem. “To remain
competitive, traditional advisors should lead with their unique expertise in
establishing a financial plan and emphasize their ability to evaluate and react
to world events.” But advisors like MorganStanley
want fees from ETF indexes so client fees double—advisor plus index
manager. Among the robo-users, almost half were directed to use digital advice
by a human financial advisor. Just 13 percent reported using a robo as their
primary advisor. While 41 percent of robo-users were self-directed investors, a
larger portion, 43 percent, described themselves “event-driven”—likely to seek
professional advice for specific needs like saving for retirement or asset
allocation. But advisors with fees still can’t foretell the future.
Cut your fees like the wealthy: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Why do hedge fund investors earn only 3.3%?
After you read this story about hedge
fund expenses you will be glad you stick with low-cost index and managed
funds. The “masters of the universe” have charged investors for everything
under the sun—personal expenses too. Fees start with 2% ongoing plus part of
the returns so instead of earning 10-12% like many stock index funds, hedgers
get 3.3%. Yes you could have earned more but smart investors are learning that
you can’t bank “could have earned.” There may be some social prestige in saying
that “________ manages my money” but those who know the real situation know
hedgers are really losing money. Opportunity costs are
what economists call the real price of hedge fund losses. Smart investors know
what they know. Managers cannot beat the market over time. Eventually using
borrowed money to increase returns will bite back the returns.
Choose 11% not 3%: https://www.amazon.com/Earn-11-11-3-69-Investments-choice/dp/1502412187
'It's made in Vietnam !'
At inauguration, supporters are shocked by the maker of red
Trump hats. Trump has been trumpeting "buy
American and hire American."
Can you take The Don at his word? Is his word as good as his
contract?
The Don has made a lot of promises that the GOP Congress may
not want to keep. The Don's lieutenants are billionaires who know how to make
the financial industry work for their best interests not ours.
Half of our “representatives” are millionaires and have never had to find a
better-paying job, affordable health care or child day care. We taxpayers
provide them with the best health care and child care.
They don't need the ObamaCare premium tax credit to afford basic coverage. They
have never had to fight their insurer to get a needed procedure. They spend
over 50% of their time collecting money from the wealthy who pay for their
expenses.
They have never had to be protected from the fee-hungry
financial services industry. We taxpayers provide them with the best low-fee
($0.29 per $1000) savings and investment plan in the world—the Thrift Savings
Plan. Most have tax-advantaged accounts
and overseas tax shelters. They don't need the Obama Fiduciary Rule to make
sure the industry does not take up to 63%
of their total potential retirement fund in fees.
The Congress wants to cut our Social Security and
Medicare/Medicaid assistance. There is no Constitutional mandate to cut
benefits if the funds we paid in for 30 or 40 years are not enough to cover the
increases in our cost of living. They pay cost overruns for all the other
programs all the time. The Congress does not rely on these benefits
themselves since we pay Congress even after they leave office. They have millions
and still get a pension. The Congress may not provide funds to rebuild our
bridges, roads and other infrastructures if they waste it on The Wall. The
high-paying jobs that we want back may have been made obsolete by technology.
It's up to us to prosper despite The Don's 'economy' for the
rich.
Is life insurance on a child’s life right for you?
I get this question all the time because one of the
insurance companies seems to have saturated the world with the simple app and
brochure. It has a child’s picture with “Grow-Up Plan” message. It says the
plan’s coverage doubles to $10,000 during age 18 with no increase in premium.
Sounds good BUT what are you really doing? First, very few kids die young and
collecting will be the last thing on a parent’s mind. Second, the amount of
coverage that you are guaranteeing is tiny and the cash value growth will be
miniscule. Third, as an adult, your child can buy a lot more coverage for far
less than this plan even if they are in poor health. They could obtain $500,000
for $13 a month not $70 or more it costs for the $350,000 child policy.
Actually you can buy better protection for your child by
investing the same premium in a stock index fund. The cheapest plan premium of
$25 a month could be worth $3.7
million at age 66 not $350,000. You are compounding the insurer’s profit as
well as your own savings in a low-cost stock market index. Even if you don’t
start right away, you could still assure your child of living insurance: https://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702
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. Usually simple means you
have W-2 income and no home deductions. 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 up to $2,000
subtracted from tax you owe. Double Your Pleasure.
Take your Tax Credits like The Don: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
This is what happens when you cut taxes for the rich
Trump and GOP want to give themselves another tax cut. But KS
tried to grow their economy by giving rich people more money. Guess what?
The tax money was not spent creating more jobs. People
just left the state just like in Christie’s
NJ after he cut tax for millionaires. States cut essential services and
child education. Now the tax cuts have to be reinstated but the taxes were
increased for these things—gas, cigs and booze. NJ
raised gas tax by 23 cents per gallon. The millionaires
still left the states because they can. Trump’s new Treasury head says he
will use a trick to make the budget look good despite cutting taxes for the
wealthy. It is called “dynamic scoring." “We do believe in dynamic scoring
and with the appropriate growth," said Steve Mnuchin, the nominee for
Treasury secretary. "I think we want to make sure that tax reform doesn't
increase the deficit." Bush
II’s budget tricks with costs of wars increased debt by 102%--doubled.
Those two sentences actually contradict each other because
"dynamic scoring" is just a fancy way of justifying
massive increases in the national debt — increases that would result from
Trump's plan to spend $500 billion on infrastructure development and war
weapons while carrying out dramatic tax cuts. The plan would reduce
federal revenues by $9.5 trillion over its first decade before accounting
for added interest costs or considering macroeconomic feedback effects.
And don’t
expect Trump’s “tax holiday” to create jobs says largest fund BlackRock.
Protect yourself from new taxes: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520
Is your financial person giving you the best deal?
Whatever
title your person uses may be misleading according to the non-profit Consumer
Federation of America. It really doesn’t matter which firm they sell for
either. The only way to know if they are giving you a good deal is to do your
research. Just like buying a car or house, you need information and the
internet offers tons of it. Logically, good unbiased
info comes from a source that does not profit from you using it. First, no
person has the ability to predict how well a stock or the whole market will do
in the next year, 5 or 10 years. Second, Warren Buffett has the best track
record so far. His holding
company has produced over 20% a year (p. 2) since 1965. You could hold the
stock of his firm—BRK. His advice is to hold two index funds. Third, he says
you must be patient for compounding to work its magic on your money. Fourth,
not all index funds are equal, so he suggests two for you. Take the best deal.
Don’t give up 63%
of your total possible nest egg to fees: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Why Roth IRAs are the 21st century
savings/investment tool
You put money in and it grows and you never pay tax on the
money again. Let’s say you invest the max $5,500 a year from age 21 to age 67. You
could have $7.7 million. Let’s say you quit investing at age 31—just $55,000.
By age 67, you could have $2.8 million. You could have an extra 25% by avoiding
the tax from a regular pension or IRA when you take it out. Or let’s say you
have an emergency and need $10,000 to buy a car. There is no tax or penalty
even if you are under age 59.5. It is your original contribution. This works
for your emergency fund since funds are usually back in your checking in 1 day.
Your money keeps growing and you pay no tax every year unlike a regular
account. And the Roth beats a 401k unless you have a match from your employer.
You can make investing automatic and painless: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Vehicles made to go 300,000 miles and save you money
The marketing of vehicles highlights the emotions we feel
when driving. Some want speed. Some want luxury. Some want economy. Some want
reliability. This last category is hard to sell because it is not very exciting
to say my car can go 300,000 miles. But these
10 have proved reliable over time and for those who want to get from here
to there without a stop at the dealer or garage these are real deal. No
excitement but also no worry about expensive repairs or hanging out at the
dealer for hours. Plus, if you can do 300K on one $15,000 expense, you can skip
buying 2 or 3 more cars saving $30-$45,000.
Get discounts on coverage too: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Trump’s budget guy promises to give Trump facts and cut SS
benefits
GOP Mick Mulvaney , R-S.C., Budget, defended cuts
to popular entitlement programs that Trump vowed to keep intact and emphasized
that he would bring a "fact-based approach" to the role. “Fact-based”
is NOT what The Don does. So GOP will take the “facts” of our paying for SS and
Medicare benefits and cut them with their ideology. There is no Constitution
mandate to cut benefits when our expenses outrun our contributions. Congress
pays for cost overruns every day for all
their weapons and pet projects.
We paid $1.7
Billion for the Denver VA hospital that was approved for $328 million. So
when the GOP wants to pay their friends and lobbyists for extra costs/profits,
they do not hesitate. We have no lobbyists so it is easy for them to cut the
benefits we paid for over a lifetime.
Use your FREE legal tax shelter: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520
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!
Remember, Don Trump
is still a contractor from Queens NY, just richer than most. Most of
his income is from lending
his wealth “brand” to other’s buildings and golf ranges.
“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 ”
The Don keeps “friends”
(the mob) closer than enemies:
banks own his future income and Putin could buy up his markers. We worry
about conflicts
of interest.
He charges that our own CIA
acted like Nazis in leaking spy
investigation then blames
media for bad relations
The Don decides that any news he can’t manipulate is Fake
News
“I
won’t take your question. Fake news”
His own Obama
birther Fake news got him fame and millions of white supporters
His nominee for security quit because she
used other people’s work as her own book.
The Don has Priebus and Pence saying “no
evidence” necessary on voter fraud claim
Can the republic survive to 2020—half his subjects think
the emperor
has no clothes?
“I
don’t care about my company. It doesn’t matter. My kids run it.” No
conflict????
All the folders representing his companies were empty—Fake transfer of
businesses!
Lies are now called “alternative
facts” by Trump’s Press Sec. photos don’t lie.
What is The Don’s thing about his size?
5 million (8%) illegal votes and now wants to spend $500,000 on “proof” even Fox NO
5 million (8%) illegal votes and now wants to spend $500,000 on “proof” even Fox NO
The Don
Way :
Making money from the Secret
Service and Top
Secret info for biz, an Audience
with The Don costs you $, FREE govt
services and health care, WH site highlights jewelry. NYC spends $500,000
a day to guard his Tower. Don threatens city over immigrants.
“All the world's a stage, And all the men and women merely players; They
have their exits and their entrances, And one man in his time plays many parts
…As You Like It
*
Promises (lies) and
Actual outcomes:
Lie #103
Trump tells CIA that they may have the chance
to invade Iraq again for the oil
Lie #104
The Wall costs us $14-25 BILLION but does
not keep people out. We
pay 20% more!
The
Don was never intending to release taxes—Big LIE #105
He owes foreign banks and government partners from China
to Canada .
Muzzles
all agency communication with us; all negative news is Fake news
Trump
ends penalty for NOT having insurance—$695 tax enforcement gone
President Trump signed an executive order late Friday giving
federal agencies broad powers to unwind regulations created under the
Affordable Care Act, which might include enforcement of the penalty for people
who fail to carry the health insurance that the law requires of most Americans.
Also late Friday, Reince Priebus, Trump’s chief of staff, issued an executive
memorandum ordering a freeze
on regulations for all government agencies.
Trump stopped the mortgage fee reduction Obama started last
week.
He overturned a recent mortgage-fee
reduction — geared at helping
first-time and low-income home buyers.
The Don’s new 35%
tariff on autos will eliminate 31,000 jobs here not Mexico. Counter tariffs
by Mexico , China
the world will reduce
exports cutting another 500,000 jobs here. Bush tried this in 2002 and made
steel expensive so can’t afford to make steel stuff here and 200,000 Americans
lost jobs. The Don doesn’t read so he missed this study.
Impossible dreams of a megalomaniac—lie #106
“I will never, ever let you down,” he declared. The
president told people as he worked on the speech that he was intrigued by John
F. Kennedy’s 1961 call for getting a man on the moon by the end of the decade.
He rolled out no moonshot initiative today, but Trump did say elliptically that
he’s excited “to
free the earth from the miseries of disease.”
The
Don will cut regulations by 75%. Buy your air and water testing kits now!
Imports will be taxed at the border.
SS Medicare delayed due to Trump
freeze on hiring
The Don was there to praise CIA but talked
about his “numbers” instead.
WH Spicer says media faked
inaugural pics: Trump’s bigger than Obama’s
Fox Krauthammer surprised, calling
it a "surreal" event.
Another Lie: All those “Make America Great Again" baseball
caps were made in China, Vietnam and Bangladesh. So much for "buy
American and hire American."
Trump vision is delusion: Automation
will take more jobs in future—no going back.
Another Lie: torture 'absolutely' works: 'we have to fight
fire with fire' yet Pompeo, CIA and Mattis, Defense pledged to follow the
interrogations law and the army field manual. Experienced interrogators have
said befriending
captives is more effective than torture.
DallasNews: He
is a chronic and unapologetic liar. He doesn’t even realize it.
*
Tolerance is
un-American now?
Even Israel
accepts Syrians
Pope
warns us about elected dictators: "And all Germans vote for Hitler.
Hitler didn't steal the power, his people voted for him, and then he destroyed
his people.”
Poll: 56% said they
believe he is not honest, 53% said he “does not care about
average Americans,” and 62% said he is not level-headed.
Meanwhile, 68% consider him a “strong”
person, and 65% said they believe he is intelligent.
*
Regulators are the only protection against
corporations since we
can’t sue anymore
Citi caught giving
homeowners the runaround on paperwork to keep their homes.
Supremes
strike TX voter ID law so now if you are human you can vote. Not Lone Star
ND GOP votes to cancel voter law to control ethics
EPA,
NPS, Ag, NIH gagged on providing info on warming and toxins: Revenge
killing?
Trump tells FAA stop
inspecting planes for cracks
Ford recalls F-150
for instrument failure on cold days
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.
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?
Husband
kills wife thinking burglar
Police organization issued a formal
apology for the historic mistreatment of minorities.
Trumpers want police to start buying
military weapons against civilians again.
SCAMS:
“Illegal voters” claim debunked: 5 Trump family “registered” in 2 states!
Common item
does NOT
make them illegal voters. Trump misunderstands voting law--2.75 million
people were registered in more than one state but don’t vote twice. Dead
people are not removed from registration since they did not ask for “removal.”
Ignoramus Award:
Trump
uses foreigner’s anecdote to justify probe of 5 million votes
Not interested into probe of Russian hacking of our
elections. Putin calling shots?
How our government
wastes our money
Save
Medicare & SS instead of more weapons!
$500,000 on proving there were 5 million illegal
votes—Calling Capt Queeg
Where have all the
jobs gone?
The game is to announce
more now; later who knows?
Which job board sites are best
for your job search?
Who owns your
account now?
Miracle:
A tornado victim had her bath
tub ripped out of her bathroom and she ended up still in her tub in some
woods near her home.”
IAN
41 Watchung Plaza, B242
973.746.2014
Alert
