Resignation ahead? The
Don loses business people
Three fundraising
giants decided to cancel
events at his Mar-a-Lago Club: business is hurt by his comments on Charlottesville’s
racial unrest. Trump business
councils have been dropped as fewer members wish to be seen with him. His
recent decisions have made it hard for executives
to support his divisive strategy. Apple has pledged $2
million, Chase
$1 million and Fox
$1 million to counter his political turn to the right. Extremists want
Trump to become more
totalitarian and end
Korean ‘evil’ threat. GOP voters want to postpone
2020 election so they can take
DEMs off voter roles. GOP religionists
have twisted Christianity to fit their politics and Trump wants to allow
them to pay for GOP elections. GOP religionists want to end science as we
know it: most GOP fail
4th grade test. Last week, Corker (R-Tenn.) lamented that Trump
“has not
yet been able to demonstrate the stability, nor some of the competence,
that he needs to demonstrate in order for him to be successful.”
How long can he
continue to lose money before he resigns?
How can your
advisor make money if you don’t have $ millions with them?
Advisors make money
on transactions and their advice is geared to “touching” your money. If you
only give them $100K, they hardly cover their costs. Here are some of the ways
they try to profit from your account. 1) incentivize you to stay for more fees
later by creating a higher setup fee and offsetting it with lower fees down the
road, 2) set a minimum per strategy so you have fewer asset classes/losses, 3)
using an automated model-based platform so they can just push a button to
“rebalance” etc. 4) Advisors may use an annual fee instead of commissions. Depending
on your goals and risk tolerance, you may be paying 2% for the “standard” model
that actually costs 0.05%. If you just need someone to talk to when the market
scares you, try a salaried advisor at the not-for-profits. Studies show you
end up with more money the less you “manage” your money.
Use Warren Buffet
as your advisor: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
Our health care is
safe for now
Insurance companies
have saved our ‘bacon.’ They lobbied
Trump to keep the subsidies for now. Instead of taking health away from the
22 million poor and sick and elderly, insurers who pay $ billions to tell our
‘reps’ what to do, we can breath for at least six months. Speaker Ryan still
wants to give subsidy money to the states as bloc grants so they can close
their deficits or whatever. Poor and sick and elderly do not run most state
houses so the money will go to spending on stuff like NJ Christie’s
$1 million white wash on his role in Bridgegate. Gov auditors say ending
insurer subsidies will actually cost more not less and more people would
have to pay higher costs and raise the deficit. Is single-payer like Medicare a
smart alternative for those NOT covered by their employers? Insurer lobbyists
will never let us try since our ‘reps’ rely on their funding.
Is a 60 month CD right for you for emergency fund?
5 year at 2.53%
and 1 year at 1.4% Synchrony
Bank on 8/21. (I have no interest in this bank.) Since most banks pay close
to zero, a CD even with early redemption (tax deductible) may be your best
place for cash in a hurry. However, there are alternatives that may make more
sense for you. Alt #1: Open a home equity line (usually costs nothing to open)
if you have equity in your home. Alt #2: Use funds from a bond fund if you have
one. Alt #3: Use funds from a brokerage account for a stock that is underwater
and creates a tax deduction when you sell it. For instance, if you bought IBM 5 years
ago you have lost 30% so far. That might give you a tax deduction and
provide cash for your emergency. You can always buy it later when you have more
money. BIG mistake many make is to take money from your future—your 401k or IRA
or retirement fund. Not only do you pay more tax but you get a 10% penalty.
Worse, you lose about $10,000 for every $100 you take out now because of compounding:
time value of money. You are
giving up too much of your future. People who have done that are praying they
can make it through retirement with a part time job past age 70. Take a HELOC loan
and cut your spending is the best choice.
Use an alternative: https://www.amazon.com/Compounded-Cash-Save-your-Self-Funded/dp/1515066096/
Outsourcing War?
The Don considered
mercenaries we pay to kill Afghanis. It appears Trump’s generals would rather
run the war themselves so we will be DOUBLING our troops in the Afghan war of
17 years. Generals and Trump don’t like to admit defeat so Americans will
continue to die there. What can be done with another serge that was not done in
the last 17 years? Is it really possible to defeat an enemy that don’t look
different from the locals? And why can’t the locals be killing the people they
think are enemies like in Philippines Iraqs
We will spend over
$1 trillion on fixing this country and you and I will have to pay for it.
Avoid the Afghan
war tax: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
Car buyer types: do you want low-cost transport or
high-class look?
Vehicle reliability ratings don’t mean much to those who
want an other-worldly experience when they drive to work or cruise the local
MikeyD. If you need FWD to get over your city’s potholes and unplowed streets,
you are looking for a SUV or tank. You do care about cost if you live a tight
budget and travel far each day. I used to commute to PA from northern NJ every
work day on highways at up to 70mph. My concern was longevity and cost. Ratings
are out on reliability so I swear by Toyota
and Honda. I picked up a used ’98 Camry for my 3 hour daily drive. Even after
being laid off and working from home, my choice has been a used ’12 Camry. My
wife found a used ’13 Outback for our bad NJ roads. We saved on insurance by
shopping 3 insurers.
Got 7 of 17 discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage-ebook/dp/B009MA9FY6
Is a reverse mortgage right for you?
This expensive tool to get the equity back from your home is
not the best way to do it. You still need to pay all the expenses of tax,
insurance and maintenance plus the cost of the mortgage. The closing costs can
be excessive despite what the paid spokesmen say on
TV. A new trick by sellers is to promise that you can use a reverse to bridge
the gap of income between taking Social Security at 62 with a 25% cut or later
with an 8% a year increase over your normal starting age of 66 or 67. The
consumer protection bureau has a warning after many complaints: the
costs and risks of taking out a reverse mortgage exceed the cumulative increase
in Social Security lifetime benefits that homeowners would receive by delayed
claiming. Reverse mortgage sellers with hidden fees profit greatly from
this product. An alternative may be a HELOC or equity line of credit that is
usually free to set up. You pay
interest at current rates without the huge closing costs. You have the
choice of a reverse if you find the income gap is permanent. HELOC interest is
deductible while the interest inside the reverse is not until
you pay it off (usually when you leave your home and it is sold).
Consider all costs first: https://www.amazon.com/Your-Hidden-Gold-Mine-right/dp/149034019X
****************
TrumpWorld
Goal: Everyone knows the Trump brand around
the world
‘Trump’
brand is all he cares about—it is all he knows. Trump
vs America brand
Putin
has captured Trump’s patriotism—Collusion with money-lending enemy?
Trump promised to get out of wars: 5,000
sent for another 50-100 years. No way to win!
Putin’s latest hackers: jam
our Navy radar and use other countries to ram fleet Wow!
Trump
group places mob ties above country; it’s about money POWER not US
service.
Russian
lobbyists guide Trump crew and GOP on business interests toward Russia .
Trump is still just a mafia contractor from Queens—Fred
taught him to be The Don.
Like mob boss, he
threatens Senators—his own Attorney General
The Don threatens
Attorney Gen and Prosecutor Mueller. Wants FBI
his personal police.
Mobsters don’t call the FBI when Jr doing an illegal deal
with fellow
mobsters.
Trump’s FBI Wray promises he
won’t give his employer a free pass. He
got Christie off.
Bannon, white racist, US
government official, calls KKK
“bunch of clowns”
Putin
has full access to our 2018 elections since Trump
doesn’t help states upgrade now. GOP
is doing nothing to protect voting process except making it harder
for US to vote.
My Theory:
No one expected him to win so no harm getting Putin help. Don
owes Vlad’s mob money so they sent mob
gofer Manafort to run the campaign. ‘Colluding’
Putin style.
TrumpWorld –
using presidency to make money the old fashioned way: theft
Ivanka
to capture NYC tourist dollars with shop at The Tower. All
made in China!
Trump profits
from governments and diplomats stay at Wash
hotel. We pay cabinet stays.
Trump family expenses
exceed government allotment – we pay for his business travel too
Supreme Gorsuch
agrees to help Trump’s hotel profit from meetings
Dictator talk time:
“When the president does it, that means it is not
illegal,” Richard Nixon
Trump
demands the ID of all who used DreamHost anti-Trump site. Cancel voting?
Trump looks directly
at sun: proof he is a god? Stupid? Role
model for young?
Pictures of Phoenix
rally: fake for propaganda just like Hitler used to do it.
“The
president can’t have a
conflict of interest.” The Don is above the law?
Quid pro quo:
"something for something."
Farmers, ranchers, real estate developers get
to pollute our water for Trump donations
Gas drillers on federal land get
to pollute our air with toxic methane.
Religious groups can pay
for elections and keep their TAX Exempt status. Constitution?
Coal companies get
to make residents sick from mountaintop mining for Trump donation
How many Americans would vote to bring back Obama? He
did things we need done.
Regulation is
necessary: We
need protection. Saves $12 billion of our money!
Trump cancels
flood building standards so your local bridge goes out with more floods.
Global seas are
about 3.25 inches higher than the 1993, according to Trump report.
‘Global
warming’ words banned by Trump but 2016
was highest temp in history.
Employees finally get
their retirement money after 10 year fight over high fees on 401k
Exxon, like cigarette makers, have been lying
about effects of their products for years.
Jeremy Drake HCR Wealth Advisors stole $1.2
million in fake fees.
SCAMS:
Wealthy
spend more for less space—no tennis court, no theater room, no mega mansion
Car accessories you
are better off without. Spoilers destroy gas mileage.
$530,000
Lamborghini too slow for electric sedan: gas engines overpriced.
Jobs:
Correction
officers, no college, to $50,000, many states.
Cab drivers and other
drivers see limited future.
Assistant
medical examiners needed.
Information
and Hospitality jobs show greatest wage gains
Teacher?
Critical shortage makes quick creds possible.
Who owns your account
now?
Miracle:
4-5
cups of coffee a day reduces risks 12-16% for 50-70 ages: helps with 8
risks! Wow
IAN
41 Watchung Plaza, B242
973.746.2014
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