Your Unbiased Advisor: June 2020

Friday, June 26, 2020

Does ‘free’ trading platform really help you?

Holding a stock and bond index: pros & cons

In times of unknowns and unknowables, trust the common basket of securities to see you through. Hey, you never know what will happen so your low-cost index funds will provide the ONLY sure thing: low costs beat high costs in every survey and period. Remember, with a broad index fund like the Vanguard Total Stock and Total Bond, you own a bit of everything—Apple, Amazon, new drugs, new tech, toilet paper, etc. All your costs and expenses can rob you of 63% of your total accumulations. In times of trouble, it is best to stay with the group. Yes, the leader or scout may be the hero but often they just fall by the side. Unless you have insider information like those in Congress, you should follow Warren Buffett’s advice.

Use the Buffett strategy: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

How 5 one-liners offered by financial advisors work

There are tricks of the trade by financial sales people who need to keep selling without you knowing you are being sold. There are no actual get-rich-quick advisors out there. Sales people are natural confidence people because without your confidence in them, they would go hungry. There is an art to getting you involved so they can build confidence. The goal is to create a congregation of followers much like a mega-church. Think of Madoff’s Ponzi followers. They sought his financial ‘genius’ con thru his followers. To get you on board, sellers use soft sell: “if things change, call me.” Low teaser rate: “3% interest” gets attention. The “unbiased problem-solver.” The stock market “problem fixer.” The “self-helper” similar situation. No sales person can survive by waiting in the shop for buyers to buy. Sellers must evangelize to build a congregation so they can receive your ‘gifts’ quarter after quarter.

Know the tricks: https://www.amazon.com/Tricks-Trade-Mutual-Insurance-Annuities/dp/1535497289

Does ‘free’ trading platform really help you?

For those seeking high rewards from fast trading of securities—gambling—broker-dealers have opened the gates to ‘free’ trades. Because people, usually young men, believe they are “masters of the universe,” B-Ds now have blood on their hands. Alexander Kearns, 20, killed himself after his Robinhood account showed a negative balance of more than $700,000. He used ‘borrowed’ money on options trading. Robinhood reacted by claiming they will now change how money is ‘displayed.’ They will NOT be guiding young users. They want to “innovate, lead, and go beyond the status quo.” Meaning: “where everything is seen as one big casino.” Action, whether vid games or online trading or online casino betting, is now entrepreneur heaven. There is no reason to learn a trade or play amateur sports, when the action is inside your wallet. There can be electronic cautions built into every ‘blood’ sport before your family learns the hard way.

Investor not gambler: https://www.amazon.com/Millionaire-Mutual-Funds-Save-taxes/dp/1534939490

Taxes in retirement: a necessary evil?

The virus has made some reconsider retirement now or later. Some will not be back to work since work needs fewer people—at least for a while. Others know now that they need to work a few more years since the virus has disrupted their plans. Perhaps the virus struck hard in your family and a big change is necessary. Most people are not better off as a result of the Trump tax changes. And now with the $3-4 Trillion spending increase, we all have to consider that taxes must go up. Wealthy folks have already found ways to pay less and have found ways to move their income overseas. Most working people have not seen an increase in inflation-adjusted wages for decades. There is greater concern for taxes now than before the virus recession. Luckily we don’t need offshore tax shelters or high-cost accountants to shield our future income from taxes.

Use your IRS tax shelter: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

Why costs matter

When your favorite securities are yielding record lows, costs—trading and annual fees—can kill your investment portfolio. Thus Vanguard S&P 500 ETF (VOO) pulled in more than $16 billion in the first six months to push its asset base above $140 billion. Some of the new money likely stemmed from outflows from SPDR S&P 500 ETF (SPY). SPY had $21 billion of redemptions, as investors sought a cheaper alternative to SPY’s 0.09% expense ratio. VOO’s 0.03% expense ratio generates more interest from cost-conscious retail investors for asset allocation purposes, while the high liquidity that stems from SPY’s daily volume of approximately 100 million shares appeals to institutional investors. Low-cost bond index funds had inflows too. If the yield on your intermediate-term bond fund is 1.73% and you are paying 0.70%, you net less than if paying 0.20%. 40% of your earnings are going to your advisor. Over time, that cuts your total income in half due to the “the tyranny of compounding costs.” For fixed income investors, costs matter more than equities since historically, equities provide inflation-beating returns. Unfortunately, 70% of savers are not aware that they were paying any fees at all.

Costs kill: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

how democracy dies in the 21st century: death by a thousand cuts

'I made Juneteenth very famous' I.. I.. I..

Another Trump criminal goes home

Trump’s 200th lifetime federal judge: Make America WHITE Again

NC cops: “We are just going to go out and start slaughtering them f------ n------”

“Very stable genius” ignores science and sickens thousands

I pay no taxes Trump sent virus checks to 1 million dead people

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy!

Trump tells ‘joke’: ‘slow the testing/reporting’ more cases coming from opening early

Trump to end federal support for testing sites even TX: no tests = no cases but hosp full

Trump to start new virus and forest fire on Mt Rushmore July 3 despite warnings.

Trump tariffs putting Maine lobster fishers out of business: more bailouts: Socialism

SCAMS/SPINS:

Gov mandated “free C-19 testing” may not be free after all: insurers read law in reverse.

Lock her up: Trump daughter gov employee does same with private emails as Hillary

DC July Fourth celebration: Trump to feature himself not America despite virus

Much hype about nothing: Bolton book is bust: House’s “impeachment malpractice”

Ivanka’s 6,200 no-mask rally a bust: 6 staff catch hoax: hundreds get it in days: Jared no show

Richmond: both sides now carrying assault rifles: how many must get shot?

GOP suppresses vote in KY: 3700 polling sites to 200 for whole state. ‘Poll tax’: my pay.

McConnell’s GOP tactic: 1 voting site for all Louisville: close doors on voters waiting!

Mail-in voting saved KY from melt down at polls: Nov answer to GOP vote suppression

Trump accuses Obama of treason, again: desperate after Tulsa; Arizona failures

Former GOP officials support Biden: Party regulars have no place in Trump cult.

GOP will NOT reform policy: GOP limits ‘reforms’ to more body cams; killings OK

rate of new cases hit a new high: 36,880 new: more than 2 months after its previous record

TX gov reverses reopening ‘happy talk’: “hospitalizations were at an all-time high”

TX gov said grandparents were willing to die for reopening early just 3 months ago

Trump orders slowdown in testing of virus so he “does not look so bad”

Trump tells Supremes to end ObamaCare in midst of pandemic: voters seek health care

Eviction bans ending — massive eviction crisis looms: no help from Washington!

Toxic hand sanitizers: 9 banned by FDA: Methanol can be dangerous

NY, NJ, CT set 14 day quarantine for ‘visitors’ from high case states except Trump mob

RoundUp cancer victim heirs get money: no jail time for killer Monsanto/Bayer execs

Thomas Becker and John Thomas caught stealing $30 million; promised high returns

Charles Liu Xin Wang caught $27 million deal but Supremes say they keep “expenses”

Felon Jack Abramoff caught making false/misleading statements to sell cryptocurrency

Harbour Portfolio caught misleading, deceptive acts on borrowers re: ‘deed’ flipping

Advisors running private equity funds caught overcharging: expenses plus 2% plus 20%

Advisor exam cheating investigated by regulators: your advisor maybe pulling con

Mary Trump: World’s Most Dangerous Man: cut off medical assistance to Fred III’s son

Scam Q&A: https://www.aarp.org/money/scams-fraud 877.908.3360

Jobs

Navy reversed and fires captain of aircraft carrier who warned about the spread of virus

New rules: raiding your pension or IRAs due to virus job loss. Giving up compounding!

Who owns your account now?

Trump as politician is exempt from Facebook’s policy against false/misleading info. Why?

Trump forced to show who got bailout money: legal names hide real recipients: private jets, donors

July 1: Pell Grant higher; new federal loans will have much lower fixed interest rates

Miracle:

Where/how you live helps living to age 100: walkability, socioeconomic, working neighbors.

Warming record: Russian town located within the Arctic Circle reached 100 degrees already

DEMs best for prez? Joe Biden is, by his own admission, a “gaffe machine.”

Cancer drug: New treatment halts tumor growth: drug stops cancer cell repair

Mortgage and refi rates at lowest: Get best rate--3.42 percent.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Friday, June 19, 2020

Having a hard time sticking with your allocations?

Market ups and downs can lead you to destroy your wealth. Actually market volatility is normal—it’s our reactions that destroy our long-term accumulations, not the allocations. How we react to news can hurt us. Usually, TV gurus and fund managers are trying to collect more assets, not manage your money for your maximum dollars. What we hear has nothing to do with our strategy. Managers get paid on how MUCH money they manage not on how WELL they manage it. These are two different but related goals. Managers get paid every quarter—we only have to worry about the final outcome. Research has shown that that small annual fee managers take from us can cost us up to 63% of our total potential accumulation. It’s the “the tyranny of compounding costs” that we don’t see until the end. Managers take our money every quarter but it adds up. Managers think they can time the market and we are happy for them to succeed. But over time, no manager can be successful all the time. They are in it for this quarter. We are in it for the long term. Warren Buffett: "The stock market is a device for transferring money from the IMPATIENT to the PATIENT."

Go with the Best: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Is a private equity 401k account right for you?

In a huge win for the asset class, your 401k money is now a target for professional con men and women. Trump’s Labor department, charged with protecting your retirement investments, has changed sides. Now, if private equity is embraced, 401k costs will skyrocket, risk will dramatically increase and transparency will plummet. The private equity industry — a massive campaign donor, by the way— wants your money. The typical private equity manager charges 2% of the fund’s assets as an annual fee, just for showing up, and takes 20% of any profits. 2% of the 401k pool is $180 billion in profits a year. Private equity managers typically borrow huge amounts of money to buy a poorly run company so they can flip it for a quick sale. The managers collect huge fees and stock segments while investors are silent partners with little control. Like hedge funds, investors can lose everything with no recourse. Private equity fund investment is for investors who can afford to have capital locked up for long periods and who can risk losing significant amounts of money. This is gambling at its extreme. As one advisor said, “You don’t really know what you’re investing in.” It is ‘private’ for a reason. And they don’t even beat the simple index fund. The final test: Warren Buffett’s investment strategy beat private funds because of high fees.

Use the Buffett strategy: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Is this summer the time for a new vehicle?

As dealers try to catch up on sales for 2020, watch for more discounts. Keep in mind that an unreliable vehicle is NOT a great deal no matter what the price. Most notable, CR ranks Mazda and Dodge above Honda and Audi. Buick has fallen to #18 on the list. Acura and Cadillac are now at the bottom of the list with Alfa Romeo.

Avoid the 10 LEAST reliable models of 2020, according to Consumer Reports:

Chevrolet Colorado/GMC Canyon (same body style, different badging)

Chevrolet Camaro

Jeep Wrangler

Alfa Romeo Giulia

Volkswagen Atlas

Volkswagen Tiguan

Acura MDX

Tesla Model X

Chrysler Pacifica

Chevrolet Traverse

Save with your insurance discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Did automation and simple options save your retirement fund?

In a period where many investors lost money, two-thirds of Vanguard’s retirement plan participants saw their account balances rise on a year-over-year basis for the 12 months ending on April 30. Vanguard found that automation and simplified investment options have led to superior investment outcomes for plan participants. The median account balance among its 401(k) participants increased 71% between April 2015 and April 2020. As founder, John Bogle said, “stay the course.” https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Do you really need a will?

My house is owned jointly. It becomes my wife’s automatically at my death. Some of my financial accounts are held jointly. Most of my assets are in IRA accounts with beneficiaries already chosen. My business is a partnership with the partners already in control. There are very few assets that need a will to designate their new owner. If I died today, my wife gets my car and my life’s ‘junk.’ I made a will for $100 that was witnessed by a local notary for $20. My wife will consult with a lawyer to execute my will. She will pay a one-time fee to have a CFP check her financial assets once a year. My stock holdings are my ‘life insurance’: no taxes on the stepped-up basis. I have made arrangements for my cremation so no funeral/plot expenses. I don’t have ugly heirs that would contest my will and gifts. Yes, a $100 will is a necessary convenience for us.

Do you need one? https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

Should you work one more year?

We are facing another year of this question. Given the discussion of another home remodeling project and another possible collapse of the stock market, this year turns out like the last one: we don’t have a clear answer. We have a CFP plan that assures us of money for the rest of our lives so no matter what, we will live comfortably. But that does not change the question—work or not work. It is just NOT about money. It is hard to say goodbye to our everyday routines. We don’t have a compelling goal of travel or other must-do ‘bucket list.’ We love what we do so it is hard to give it up. And with the market and economic upheavals, we don’t feel confident that this is the time to make a change.

Fix your mistakes: https://www.amazon.com/What-did-wrong-financial-mistakes/dp/1491095946

Wealthy get another bailout from US taxpayers

The US gov announced it will reimburse the wealthy for their losses on companies they own if they were run poorly and lost money. The Federal Reserve (us) will buy individual company bonds. If you ran a company that borrowed more money than your revenue so that you could reward your stockholders, you would be rewarded with a big bonus. However, when you have to pay back the money, you should be bankrupt if revenue falls. These “zombie” firms would be dead if it were not for us taxpayers giving them money in the form of future tax dollars for their almost worthless bonds. If they could not run the business before, are they likely to fulfill ‘promises to pay’ later. Since the Fed can create money to buy bonds, it just adds to the national debt and makes the rich richer. We will have to pay interest later. Actually our kids will be paying long after our Social Security benefits are cut to help finance this bailout.

Avoid paying for this bailout: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

How Mobster’s 2^nd, 3^rd terms will look

With presidency usurping power of Congress and Supremes, American ideal is at risk.

IsTrump Ahab manipulating/misleading to exact revenge on demonized foes?

Mobster took revenge on his relatives: cancelled policy on ill child

Mobster: Americans wear masks to show “disapproval of me” ‘It’s all about me’

West Point alumni cautioned cadets to uphold Constitution NOT any political party or leader

Mobster gets China to hack Nov election results

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy!

US Socialism: “Hiding recipients of federal funds is unacceptable and must end” Putin does this

FL fired virus scientist who would not fake count: she counts real spread on her own site

Socialism for the Rich: Can we afford to bailout so many companies and wealthy people?

Hackers at CIA allow bad guys to gain tools and code to hack civilians: which side on?

TX AZ govs refuse local use of masks to save lives: they give ‘liberty’ so that more die

More time for the wealthy to avoid their fair share of taxes: another Trump gift to friends

Jared buys $7.3 million tiny soda bottles instead of test tubes: FEMA accepts them.

Jared bought 63 million doses of bad hydro for Daddy but Daddy didn’t listen to science.

SCAMS/SPINS:

Wealthy make $ billions from ‘flipping’ a taxpayer-funded coronavirus drug

Garrison Courtney DEA caught scam to give gov contracts to firms he worked for

Trump cancels Obama’s LGBTQ & DACA protections: Supremes say NO NO.

Trump oversees ‘Pump and Dump’ stock sales by his mob after calling virus “zero cases”

Trump takes over Voice of America and our Post Office: ‘lost’ mail for election win?

FoxNews uses altered/misleading pictures of protesters: appear violent/dangerous

Secret Service now admits it used pepper spray and bullets to make path for photo op

GOP makes sure voting becomes 7 hour ordeal: GA is the model for Nov?

TX white man shot 8 because bar refused drinks: white guy gets away.

GA man shot in the back: police shot him while running away.

CA two Black men dead by hanging. No note, no stool, no struggle, no investigation?

NM terrorists with war weapons shoot protestor: police allow war weapons’ use

They call themselves ‘militia’ but aren’t they really terrorists with ARs?

Who are these Boogaloo terrorists in Hawaiian shirts and carrying military rifles?

Virus scammers’ psych tricks: fake voice, fake creds, fake charity, fake fears, fake ‘now’

Re opened Texas, Florida and California recorded record numbers of new cases

Trump: Stopping C-19 Tests Would Result In Fewer Cases: Yes Don, so would wearing masks!

Finally, drug price-fixing/gauging investigated by states

Probiotics don't do much for most people's gut health, review finds: costly hype!

Fake gov grants to seniors: scammers use virus fears

Fake Robinhood account balance: Teen panicked at $ 730,000 loss on trading.

Frederick Stow TN caught stealing a total of $933,500 in client funds by forging names.

Scam Q&A: https://www.aarp.org/money/scams-fraud 877.908.3360

Jobs

Tips on avoiding virus at work: https://www.cdc.daily-life-coping/activities.html

Like abusive priests, bad cops get work in towns that want aggressive lawmen

Tom Brady selling supplements: $20 millions not enough; just bored with game?

Supremes save some of the best workers we have: DACAs want to succeed!

Who owns your account now?

Get forgiveness: revised EZ Paycheck Protection Program loan forgiveness application

Eviction process put on hold for 2 months for federal-backed loans: check your servicer.

Miracle:

Biden for prez? : “I’m beginning to get bored by my own talk here”

Human compassion saves lives: human discussion brings him back to life

FL scientist raises money so residents informed of actual virus counts not official fakes

Those without rights are saving us and risking themselves: gov should be on their side

Volunteers to take the virus vaccine test: possible serious illness!

60 year old generic drug helps some virus patients: don’t tell for-profit drug makers

White ‘christian’ evangelical tries to explain “slavery is blessing to whites” Warped religion!

TX 6/19/1865 Army tells slave owners their 250,000 slaves are not slaves anymore.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Friday, June 12, 2020

Should you sign a vendor liability waiver?

Yes, as your favorite entertainment venue, a retail marketplace, restaurants and gyms open up for business, you will likely be asked to share the risk. Most businesses are asking their lawyer to draw up waivers. By signing a waiver, you are agreeing to the fact that the company wants you to assume their risk of operating. You might want to know if they have taken all precautions to keep you safe. Have they sprayed? Is staff tested on a regular basis? Are customers required to keep their distance? Do they limit the number of customers at a time? Do they require customer masks? If they don’t know or the terms of the waiver are vague, don’t sign. If they just put a sign on the door that you “enter at your own risk,” wait for another month or two, as these scientists point out.

Remember, the states that opened on Trump’s order are now experiencing more cases.

Avoid the risk: Better safe than sorry.

Is a Roth IRA conversion right for you?

Fidelity Investments saw a 76% increase in the number of Roth IRA conversions in the first quarter of 2020. If your income has dropped due to job changes -– pushing you into a lower income tax bracket –- then it may be a good opportunity to convert to a Roth IRA. All your future gains will not be taxed. If your business lost money, the taxable loss can be used to offset other income on a personal tax return. IRA money is taxed when you convert because you did not pay tax on the contributions. You can control how much you convert so you can control how much you are taxed. You will need to do the math on your tax and probable income this year to decide on the amount to convert. If you do not have the extra cash to pay the tax next year, then converting just makes your taxes higher. However, the great benefit of a Roth is you can better manage your RMDs (required minimum distributions starting at age 72). Income in retirement can be controlled better since you have choices between taxable and non-taxable sources.

Use your legal tax shelter: https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

Where can you receive 2.4% yield for retirement income?

Quality bonds and steady dividend paying stocks. Isn’t that a better alternative to historically low rates from bonds and annuities? Consider a proven balanced fund like Vanguard’s Wellesley Income Fund. As of early June, the yield on 10-year Treasuries is only 0.66%, while Bloomberg Barclays Aggregate tracking index funds are yielding just over 1%. You cannot rely on bonds alone for the foreseeable future. Who knows where your stocks will end up in 2020? A low-cost balanced fund may offer you the best of both worlds in this environment. Over time, balanced funds provide the inflation hedge you will need long term. Average annual returns of 4-6% provide growth. Remember, your spending power is reduced by inflation every year—reduced 50% over 20 years. A 1^st class stamp cost 32 cents in 2000. Now it’s 55 cents. Social Security may not keep up with your purchase items’ inflation. SS benefits will be cut by 2034.

Plan now: https://www.amazon.com/Your-Retirement-Mutual-Funds-retirement/dp/1481114026/

Market rebound confounds all the fortune-tellers

Very few Wall Street gurus know that the stock market would bounce back so hard that their strategies would be crushed. The S&P 500 has rallied more than 40% from its March low amid central bank stimulus and better-than-expected economic data, defying warnings about elevated valuations and a collapse in profits. The Nasdaq 100 last week climbed to an all-time high, making a full recovery from this year’s bear-market decline. Timing the market is a loser’s game. At Friday’s close of 3,193.93, the S&P 500 exceeded all but four strategists’ year-end targets, based on a survey of 18 Wall Street prognosticators last month. So which strategy works? Certainly paying for bad advice only detracts from your long-term accumulation. Actually, over time, if you pay 2% for advice and trades and annual 12b-1 fees, you are giving your vendor HALF of your possible total returns.

Use the Buffett strategy: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

With presidency usurping power of Congress and Supremes, American ideal is at risk.

Mobster: making cities military “battlespace” violates our Constitution

Trump’s riot police gas murder protesters for Mobster’s religious propaganda

Mobster plans to invade and occupy Seattle

Mobster has Supremes primed for election nullification: coup d'état

Mobster: 75 yr old faked police push & head bleed: desperate!

Mobster OK to kill bear cubs and wolf pups for sport: Evil?

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy!

Police militarized against own citizens: Putin’s police state; China’s military police

Trump to call 10,000 military to guard new WH fence: black fence keeps him inside

WH fence is commemoration to the loss of the “People’s House” Real courage

Hospitals with $ millions got our tax money to overpay management; still layoff staff

Jared’s $91 million mistakes: medical supplies never accounted for: donors rewarded?

Jr’s hunting trip to illegally kill a sheep cost us $76,000 for Secret Service protection

SCAMS/SPINS:

DC Mayor: Giant street sign for Trump to see each day: ‘BLM’

Trump claims victory over econ, virus, race, protesters, etc. Tulsa rally on holy ground

GOP going with Trump even if bad outcome: captured party Make America White Again

Trump rally: you must sign you will not sue Trump etal if you sickened or injured by rally

Military now regrets being used by Trump for political purposes but doing planes tanks act 7/4

Meat prices up 8%: Price-gauging protected by Trump order to stay open despite deaths.

Fact, not QAnon: TX says new 1,935 virus hospital Monday from reopening early: fact!

Trump claims 75 yr man police stormed over was antifa: he knows he’s a fascist.

James Nielsen CA caught 'pump-and-dump' scheme to boost profits in a biotech Arrayit

Louis Navellier caught in fraud of Vireo AlphaSector Ponzi-type scheme. Fine no jail

Hospitals Got Bailouts and Furloughed Thousands While Paying C.E.O.s Millions

Rising Eagle JSquared caught robocalls falsely claimed offer health insurance plans: fine

Earl Miller IN caught selling investments in ‘green’ energy products to Amish: no jail

Drug makers caught raising prices of generic drugs: hits unemployed hardest

Ford wants redo on 2 million door latches that don’t work well after 5 million recall.

Fruits/vegetables may be next for Trump order to work thru virus

EPA bans 70 fake virus products from sale online stores

Biden: 10 to 15 % of the people out there are just not very good people Hillary speech?

Biden had police lobbyist write his crime bill: “Never said no” to police desires.

In counties where police received military equipment, police kill more pets too

Congress gives police immunity from prosecution: GOP/Trumpers: OK continue to kill

Louisville police: Breonna Taylor incident report. It's virtually blank: killed 8 times.

Scam Q&A: https://www.aarp.org/money/scams-fraud 877.908.3360

Jobs

Learn to save and spend: money basics

Your business may qualify for IRS tax relief through credits or deferrals.

Police and Floyd bouncer: did murderer have revenge in the killing so police stood by?

Who owns your account now?

In-ground burial spots going fast: men more likely avoid $10,000 full do: going with fire

GOP has confounded easy voting many ways: our voter account may not work Nov

Miracle:

Trump mailed-in vote to FL but does not spend 184 days in his FL ‘home’? It’s a club

Trump: “I’ve done more for blacks than anyone since Lincoln” His base is angry!

GOP still clings to their savior who makes “a mockery of the Constitution” Going down

Army lawyer Joseph Welch leads END to McCarthyism decent into American fascism

Good Neighbor helps buy groceries

Scientists of contagions estimate time to return to normal: gyms are hardest

No-Knock Warrants Banned In Louisville after EMT killed 8 times: can you be next

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Friday, June 5, 2020

What are the 3 most important rules of investing?

1. Invest just 10% of your income for $1,000,000 nest egg

2. Invest automatically in a stock index fund every payday

3. Use a tax-advantaged account to avoid income taxes

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

We pay more taxes: Congress allows wealthy to avoid paying

Congress cuts funds. The IRS is letting hundreds of thousands of high-income individuals duck their tax obligations, according to a government watchdog report. The Treasury Inspector General for Tax Administration found that 879,415 high-income individuals who didn’t file returns cumulatively failed to pay $45.7 billion in taxes from 2014 to 2016 and that the agency hasn’t tried to collect from many of those taxpayers. The IRS didn’t put 326,579 of the cases into its enforcement system, and it closed 42,601 of the cases without ever working on them. “In addition, the remaining 510,235 high-income nonfilers, totaling estimated tax due of $24.9 billion, are sitting in one of the collection function’s inventory streams and will likely not be pursued as resources decline,” said the report, released Monday. Among those who haven’t paid their taxes are approximately 1,891 individuals who owe the IRS more than $1 million, according to the report. Trump is proud he does not pay his fair share. The number of people who have been failing to file tax returns -- a crime that could come with steep penalties or as many as five years in prison -- has been increasing in recent years. The average U.S. household is paying an annual surtax of more than $3,000 to subsidize taxpayers who aren’t paying all they owe.

Stop paying for their taxes: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

We subsidize drug development; drug firm owners take the profits

We paid $ millions to develop remdesivir, but Gilead Sciences owners get all the profits. This has been the pattern for 100 years. Drug companies claim high prices are for development of new cures but we pay for the science behind new drugs. Drug companies control the manufacture, marketing and distribution and so can charge whatever they like. We have no say even though we paid $ millions for the startup. Drug prices are pushed up even if they are not new—just the marketing and packaging. Drug firms manipulate patents so that low-cost generics are kept out of our hands.

We pay; owners take profits: https://www.amazon.com/Americas-Socialism-Rich-little-people-pay/dp/1535218584

If you stayed in the market

Many long-term investors did NOT sell in the downdraft in March. Their portfolio is now at the level it was in January 30. What will happen next? No one knows despite all the high-priced fortune-tellers on radio and TV. As we have seen, if you had timed the market and missed 30 or 40 best days, you would have lost money. Over time, including recessions over the last 30 years, your stock investments have averaged 11% in a low-cost account. Timing the market—selling and buying—in any form: rebalance, single stocks to ‘sector rotation’ usually fails over time. Sure, some crystal balls do shine a light for a short time but you can’t be sure the next time. Ponzi schemes can look very impressive and confound all the critics, but not forever. Bernie Madoff’s $65 billion scam lasted longer than most because many so-called professionals went all in on the con. They were getting rich too. Remember Bogle’s favorite line: Stay the course.

Bogle changed everything: https://www.amazon.com/Disruptors-Three-Innovators-increase-your-WEALTH/dp/1720857563

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

Ordering the military against civilian protesters: King George

The Mob: Cotton calls for “an overwhelming show of force”

Mobster: “Any difficulty and we will assume control but, when the looting starts, the shooting starts."

Chicago: “It begins with ‘F’ and it ends with ‘U.’”

Mobster: I will use "most ominous weapons" if protesters breach WH

Mobster: “I will deploy… military and … [control your state]”

Mob intimidation: secret military forces behind masks on sacred ground

Justice Dept orders attack on peaceful protestors for PR stunt

Mobster uses religious symbols in election propaganda: Ivanka’s PR idea