How can a parent assure their child of a bright future?
You just don’t know how your child will turn out. Will they
have enough money in the future given that the GOP is threatening to cut Social
Security and the individual national
debt is already $80,000 per person? No one knows what will happen when they
are older. It would be great to start now with a small savings/investment
account since it is time and not the amount that helps people become rich.
Unfortunately, young people don’t learn about compounding in school so they
don’t know what $50 per month can become over time. If invested in a low-cost
stock market index account when they are born, it becomes $4
million by age 65. If they start at age 20 it will take $750 a month to
reach $4 million. And if you use the tax-free Roth IRA for them, the money is
free of tax. All you have to do is put the account on automatic and don’t tell
them about it until later.
Give them a head start: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355
Is “smart beta” investing right for you?
New fad: growing interest in sustainable “smart beta.”
In case you don’t follow the most recent Wall Street hype, that means investment
portfolios that say they offer the benefits of passive
strategies combined with some of the advantages of active ones,
placing it at the intersection of efficient-market
hypothesis and factor investing.[1] Here
is the pitch: “Recent events have heightened investors’ focus on environmental
and social factors, international cooperation and their potential impact on the
financial markets," said David Harris, the group head of sustainable
business at the London Stock Exchange Group, the owner of the FTSE
Russell. "Given these large-scale shifts, combining smart beta with
climate and sustainability priorities could
become an even bigger trend for asset owners."
In English, smart beta funds claim to beat a traditional
index fund by the owners making stock/sector selections based on their own
guesses. With this, fund owners are trying to recapture simple index investors.
We are still left with marketers thinking they know where the market is going. A
“smart” investor knows this marketing trick.
Go with a proven sage: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
Billionaires use tricks to avoid paying fair share
Robert Smith is investigated for taxes
owed on $200 million that was moved through offshore entities. Like many
corporations—Apple,
Google, Amazon—the wealthy send money through countries with low or no
taxes to avoid paying for the benefits they receive from US. Smith and his associate,
Robert Brockman allegedly use offshore
entities, trusts, and foundations to hide their dough. Tax havens include Caribbean
countries only a few miles away in their jet. Good tax lawyers are expensive so
you will need millions to start. The
wealthy have been avoiding taxes for years. Even those running
for high office use tax havens: Bloomberg,
Romney,
and Trump. The
tricks are working and now a few wealthy
people own over 20% of all wealth, up from 7% in 1978.
Use the only legal tax haven for workers: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
How do the wealthy increase their wealth?
Since the 1970’s, the middle-class has
been losing their means of growing wealth: their savings from their income.
The wealthy do not need to work more hours or more jobs to increase their
income and assets. Once they own assets that produce income, the assets can
grow on their own—the
miracle of compounding. People like Tim
Cook or Warren Buffett don’t work for wages but stock in tax-advantaged
accounts. In fact wage income is taxable. Their assets
grow without taxation. Assets are taxed ONLY when sold. The wealthy use
loans to pay for their expenses. Loans are not taxed. Remember Trump’s
boast that he pays NO taxes yet he is a billionaire with real estate income.
He claimed a $1 million loss on his 1995 taxes that really consisted of
defaulted loans and bankrupted
businesses not an actual personal loss. He used his poor business
management (6 bankruptcies) to avoid taxes for up to 18 years. The wealthy own stocks
that do not pay dividends because dividends are taxable. So they may own Buffett’s
own BRK.a at over $300,000 a share because there are no dividends. Buffett
uses the dividends of the companies he
owns to buy more companies. Early investors with Buffett are now
billionaires and pay no taxes because they never sell their assets. They
borrow to pay expenses. Clearly, Americans support those who have done
well. Our
tax system favors those with money even for the kids. Our reps are beholden
to the big companies and the wealthy who finance their elections. However, most
companies and wealthy don’t pay taxes—we pay their taxes. We pay for the roads,
courts, and police they use. Stop paying their taxes!
Learn the tax credit system: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Is an unbiased financial mentor right for you?
Where can you find unbiased financial information? Some
lucky folks have a mentor who helped them get past the recent
virus-initiated market drop. They have seen what a friend or colleague has done
with investments and followed their lead. Successful people have learned how to
cope with money over good times and bad. They claim they don’t even look at
their 401k and IRAs because they have been through it all before. They made
good choices early on and have kept a steady path since. Unbiased mentors may
decline expensive trips which they don’t mind explaining to folks at work. I
got my start that way when my boss at the NYC Health Department showed me his Magellan fund
statements in the 1980s. Despite the fees, Peter Lynch the manager was creating
29% average annual returns. My boss got me started in IRAs and 403bs not a
brokerage account. My mentor showed me that I would never catch up to my goal
if I waited to start investing. He showed me charts: https://money.usnews.com/investing/investing-101/articles/2018-07-23/9-charts-showing-why-you-should-invest-today.
Time is more important than the amount he said. Of course once I began to see
the account grow, I added more. Then my wife and I started a mortgage down
payment account. Like others I fell victim to the advice to buy a universal
life insurance policy for savings. I finally cancelled and switched to a term
contract—using the old premium to fund my IRAs.
Use an unbiased advisor: https://www.amazon.in/Unbiased-Advisors-Network-Helps-Tax-free/dp/1470106841
Is your advisor pushing the new ETF model strategy?
Known as model portfolio investing, it’s a booming corner of
money management in which the fund companies bundle funds into ready-made
strategies. Basically instead of advisors creating a unique stock portfolio for
you, they are using pre-selected ETFs (index funds) in a standard configuration
or model for growth, income, preservation, etc. In a sense, they are avoiding
the risk of picking the wrong individual stock for you by using an index. As
John Bogle, founder of Vanguard, used to say, "Don't
look for the needle in the haystack. Just buy the haystack." The “new”
model portfolios are really the old Target Date Funds re-packaged by fund
companies for profits: growth for younger; income for older and everything
in between.
Buy the Best for life: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
**********ACCOUNTABILITY**************
Like 1776, this period
is a test
of democracy—do we really want ‘low-IQ’
Mobster?
Philly DA: we have an “authoritarian
dictator."
Dictator: “we
will see what happens” on election loss
Dictator: police
state at polling places
How Govt wastes our money: Congress
gives 3.7 Trillion to the wealthy!
IRS
revises Form 1040 instead of opening mail: returns/checks
left unopened since March
Trump
mob all voted to separate kids from parents 2018: People will hate us for a
long time!
Gov
can’t even stop robocalls let alone virus, coal subsidies, fires, senior
scams: on vacation
Trump waives 3,000
pollution monitor rules: more pollution makes virus symptoms worse
Right-wing religion
gets virus $ millions to fund personal ministry benefits: colloidal
silver ‘cure’
Another Trump cure for virus:
“save
countless lives” using other people’s blood: biased results
We
paid $900,000 to TrumpWorld for his 270 luxury clubs MarLargo: 1st
prez to top $1 million
SCAMS/SPINS:
PO
workers told to NOT reconnect mail sorters: Trump
wants mail lost: late invalid votes
Robert
Duncan Postal
Service board of governors now agency of Republican National Committee
How
can I ensure
that my ballot is not rejected? 534,000 mail ballots were rejected so far’
Trump
has PO telling us lie: “Customer requested mail held”: Trump trick to slow
mail delivery
Trump
now in charge of virus testing labs not FDA: his new/innovative tests not
reliable
Drug
insiders have taken $1 billion from us but vaccine not any closer.
57% of Republicans
find 176,000 coronavirus death
toll in the U.S. ‘acceptable:’ poll
Republicans
have no party principles except one: believe in Dictator:
“I
alone can fix it.”
FL Gov DeSantis’s order
in-person school during pandemic: ruled unconstitutional.
Sean Premock FL defrauding
clients out of their life savings; promised low risk. prison
David Coggins Coral
Gables defrauded
investors by misrepresenting fund performance
Mark J. Boucher CA stole
$2.2 million with fake letter, statements, fake bequest
Go Direct Lenders caught
misleading VA borrowers regarding credit terms, rates. No jail
Ease of trading has
turned trading
into a cultural phenomenon to lose money: “too easy”
Trump lets Wall
Street devour retirement savings: gambling
can take our nest egg fast
Fake ID scams can ruin
your credit report using genius-level method: Check yours Free!
PayPal
student loans carry 24% interest so we will never pay them off: 6 mo teaser
Scammers steal $ millions and pay $1
penalty when caught: Trump’s new CFPB agency!
“Accredited
Investor”: changing definition to rob 401ks: private equity too risky for
us
No
new taxes: Biden plays the same song as
Bush I: song never worked with rich
Is it a scam? Check AARP scamline 877.908.3360. Check
IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams
Jobs
Rent due without the
money or job? Find help: 10
steps to survive
College rankings
by how much you earn after college: Some state schools do well.
Who owns your account now?
Man
who claims “king of debt” put US over the line: your family’s share is $
426,824+
Kabbage
to American Express: Biz payments, cash-flow, financing fintech
Miracle:
HALF
million votes not counted: too late, no signature, no match: no good
Neighbors
stepped in to help couple save their home after townsfolk complained
Teens fight
discrimination by helping those in need: they overcome bias
with love
Republicans
for Biden: “save their souls” from evil deeds: cage children, pollute
Why
teachers care: required to work in unsafe conditions means quit or ill or
die
$7
glasses for people who know what they want and don’t want to spend $600.
He ate the whole
thing: https://twitter.com/animalsworid/status/1296104746772656130
IAN
41 Watchung Plaza,
B242
973.746.2014
Alert
No comments:
Post a Comment