Despite market correction, stocks are best buy long term
Another
study confirms Warren Buffett’s strategy. Equities have provided an
annualized real return of 5.2% since 1900, compared to 2.0% for bonds and
0.8% for Treasury bills. Real returns are AFTER inflation which runs at 3%.
Actually, DALBAR has tracked US stocks total returns showing
11% more recently. This includes all the corrections and recessions. Total
returns includes dividends as well as changes in value. Buffett said he had
been a net buyer of stocks every year since he was 11. His company owns many
firms for diversification so his
buy and hold strategy has returned 20% for his shareholders. Overweight certain
sectors during the last 20 years has helped many investors achieve their
long-term goals. Energy, Health and Tech have been especially productive.
Unless you use insider
information like our Congress, you need to stay in stocks. Selling high and
buying low is NOT possible long-term. The so-called ‘safe’ investments are
losers: 1%
yield Treasuries minus 2.5%
inflation = -1.5% lost value.
Use Buffett’s strategy: https://www.amazon.com/MasterClass-Buffetts-SIMPLE-Strategy/dp/1983485268
Conservatives actually love ‘socialism’
Conservatives
say they hate socialism but they actually love socialism as long as they
receive the benefits. Although many
of them do NOT pay taxes, they receive our taxes as subsidies,
grants, loans, etc. Since many of their corporations pay NO taxes and even
get a tax
refund from loses from bad management decisions, corporate shareholders
often receive higher dividends. Tax refunds come from those of us who are
taxpayers not shareholders. Many of the most profitable corporations receive tax
breaks that throw the local tax burden back on us. Conservatives ‘despise’
those who receive help from government but don’t
mind the welfare they receive. The wealthy use their gifts to their
own charity in order to avoid taxes we can’t avoid. Congress
people receive farm and gas/oil subsidies. And like candy, the rich
want more tax breaks.
Our reps use Congressional
information we can’t legally use to enrich themselves. They approve
corporate mergers and new regulations that provide them with insider
information. They don’t consider themselves socialists but yet use government
regulations to favor companies they like. When they are led by industry
lobbyists to reward certain companies with socialist favors, they find
money in their election in-tray overnight. Industry
lobbyists actually write the laws that give themselves the benefits since
our reps are too busy running for re-election. And in health care, why did our
reps agree to not letting Medicare negotiate better prices? Why does some
bureaucratic clerk determine whether I can obtain a procedure I need? This is ‘American’
socialism.
From taxpayers to the tax avoiders: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584
MA invokes fiduciary rule ‘light’
Why are health care costs so high?
1%
of People Account for 22% of Total Healthcare Spending. The top 5%
of the health care population accounted for over half of total healthcare
spending in 2017. Top 5% of people listed by all health care expenditures
account for over HALF of our spending from all sources. Older whites make up
most of the top 5%. Most of the expenses are inpatient care. For persons in the
top 5 percent spending tier, Medicare paid for 33.7 percent and private
insurance paid for 38.6 percent of medical expenses. Out-of-pocket payments for
this group comprised only 5.7 percent of total expenses. Our hospital room and board
for the lucky few may account for the greatest health expense to Americans. Second
may be the physician specialist and their team. A recent elective endoscopic
surgery in a highly rated NJ hospital counted 5 billing team members. Teams are
expensive since each wants to also charge for a 5 minute ‘rounds’ visit. Costs
average $3-6,000 for 2 day stay.
File your taxes for free
TurboTax and other for-profit tax prep firms are due to raise prices soon.
If you have your documents, use your favorite software now and pay your tax due
on April 15. The payment, if any, can be in April; the filing should not. The
federal and state can cost you nothing at https://apps.irs.gov/app/freeFile/.
Another site has no cost or restrictions: https://www.creditkarma.com/tax. And
remember you can usually reduce income and thus tax by making a deductible
contribution to your IRA.
Filed already: refund status: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp
Save for a long life: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793
**********ACCOUNTABILITY**************
Like 1776, this period
is a test
of democracy—do we really want ‘low-IQ’
Mobster?
Mobster getting rid of bad
people; hiring those who love him: crying on our flag.
We
are already in a dictatorship: Court: Congress subpoena worthless!
How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have!
Bombing
Afghans only 4 days after promising to leave. Did US expect fighters to
farm?
Judge asks AG Barr why he
misrepresented Mueller report to help President Trump
SCAMS/SPINS:
Francisco
Patino MI caught
drug fraud $120 Mil and money laundering TV fake doc.
Gary
Jones UAW caught
embezzling union funds for self; defrauding gov.
Buy
financials like you buy groceries: house or discounted brands have higher
value.
Apple caught
slowing down phones to sell newer ones: great trick cost $½ Billions
Annuity
in estate plan: beware complications of income tax and inheritance law.
BEWARE: Broker
regulator slacks off—fewer fines, bans, customer collecting.
Eric D. Lyons
MA caught
embezzled $570,000 using hedge fund profit promise.
Scams
hit even the really smart: $400,000 con on RE mogul Barbara Corcoran
Pence, not
experts, now in charge of corona since he
did not “have anything else to do”
Mulvaney says that
the “coronavirus
is the hoax of the day" GOP has ‘hoax’ on brain.
Mobster’s
‘hoax’ just killed 1st American: Pence claims “smoking
doesn’t kill.” Pot smokers?
Tips
to avoid the ‘hoax’: like the flu: wash and stay home; ask
Pence to pray for you
Trump
wants patients
with the ‘hoax’ to pay for treatment/vaccine even if they can’t
Catholic
Church sends child-abusing priests to work on children in a “host of
countries”
Jobs
GM adding more than 1,200
jobs at Michigan plants: more crossovers and Cadillac cars.
Great health system:
42%
of new cancer patients lose all of their life savings in two years
Medical
suppliers are gauging us when we are in fear: wash hands with soap not
Purell
Retire early: Time
more important than non essentials; save $1,497 per month
Who owns your account now?
Oracle
employees win 401k
plan overcharge suit: few and overpriced options: stop cross-selling
3.050% mortgage: is now the time to buy/refi?
Miracle:
Trump
deals with Taliban: 38,000 Afghans; 2400 Americans died: Cost us $2
Trillion
Our beaches gone: half
of them could disappear by the end of the century
GOP-religionist
Supremes to decide if
we have choice on life/health issues: we choiceless
Inherited blindness
treated with DNA editor: changing faulty DNA for right sequence.
IAN
41 Watchung Plaza,
B242
973.746.2014
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