Is your emergency fund ready when the
GOP against raising taxes on the rich and insists on keeping its big tax breaks for the wealthy from 2017 so they are talking about America not paying what it owes. If gov lays off workers, delays SS payments, or stages other malfunctions in the American system of government, Congress people still get paid. We can’t use their salaries as leverage to make a deal. Some reps are not even at work to make a deal. They still get paid. We may not get our benefits so it is important to plan where your funding will come from. If you can borrow from your bank or credit card lender, be prepared to pay it back quickly since rates are still over 25%. You don’t have to settle for 0.005% earnings in a bank savings for your emergency fund. There are many options including a low-cost balanced fund like those at Vanguard. Wellesley Income, with 60% bonds, provides over 7% return and direct deposit withdrawal capability.
https://www.amazon.com/dont-have-money-Financial-Emergencies/dp/1537636707
Time can be your friend or your enemy
Most of us are not going to marry rich, own a business, inherit wealth, get really lucky, or find talent. Time is available to all of us and we can become rich by using time to our advantage. Using just your average tax refund of $3,000 a year—$250 a month—you can become a millionaire over time. With time as your fiend, you don’t need to pick the right stocks, waste your money on advisors or trade ETF at the right time. Fidelity analyzed its accounts that produced the highest returns. They found that account holders that did NOT 'manage' their accounts were the most successful. Mutual fund analyst Morningstar found that in every period low-cost funds beat high-cost funds. Buy stocks like you buy groceries not perfume, Buffett’s teacher said. Recently, Warren Buffett has proved this strategy: buy and keep buying the Vanguard 500 index fund. Time is your enemy when you try to time the market: buy low and sell high. Inevitably money managers and TV gurus, who are paid well to time the market, either sell too early or buy too late. There are many get-rich stories but few are true.
Go with Buffett: https://www.amazon.com/Just-Takes-Time-money-fashioned/dp/1979380945
Beat Wall Street money managers
Another study shows how you can beat Wall Street money managers. So called ‘professionals’ make more mistakes in trading than you do. Even if they make wise decisions about which stocks to buy they must make wise decisions about when to sell. Usually they fail. They just don’t realize that the market is not driven by rationality. Professional investors demonstrate skill when buying stocks, but their selling decisions cause them to underperform benchmarks. That’s the conclusion of a recent working paper, “Selling Fast and Buying Slow,” by four researchers who examined the trading activity of more than 700 professionally managed portfolios. “They appear to focus primarily on finding the next great idea to add to their portfolio and view selling largely as a way to raise cash for purchases,” the study’s authors wrote. Keeping your money in an index fund gives you the advantage of NOT making bad trading decisions AND not overpaying for advice. Remember the Fidelity study results. Wall Street managers need to create great buying stories so they can attract more investors’ dollars. They are not concerned about providing you with better long-term returns that beat the market. They are paid to attract new dollars not provide you with the best returns over the long term. https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373
Vanguard pushes industry to lower fee schedule
Vanguard leads the industry to lower fees for its Target Date funds again. With an anticipated expense ratio of 0.08%, investors will have access to a sophisticated, diversified asset allocation solution at just one-fifth of the average industry costs. These funds provide expert management at low cost. You don’t have to pick the asset allocation, adjusting as you age, or remember to buy/sell different ETFs every month, or enter limit orders, or rebalance on schedule, or decide when to invest. You just set up your automatic contribution amount and Vanguard does the rest. With the option to use the new Digital Advisor, you have the best of both worlds:
Low fees and advice when needed: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
New auto insurance discounts that may save you $500-800
Most folks are now driving less—fewer commute and fewer trips to the mall—so you can ask for your discount. Most insurers also offer discounts for safe drivers and driving review courses like AARP’s online course. Most folks can save by raising their deductible. Put the equivalent amount into your emergency fund as you save on premium each year. You may also save by dropping your collision on an older car. I have cancelled my roadside assistance since my credit card provides it free. Pay premiums annually or semi-annually instead of monthly. I always ask the phone rep if there are any other discounts I could qualify for. Most agents don’t tell explain them since they get paid by commission—a percentage of the premium.
Shop and save: https://www.amazon.com/Industry-Insiders-Guides-Buying-Insurance/dp/1466435712
Wealthy Pay a Lower
Rate Than Everybody Else
New study confirms what everyone already knew: there
are 2 tax systems in America. There is the one that Congress wrote for
those who pay for their elections and one for the rest of us who do not pay for
their elections. If you are taxing those who give you money so you can go to
**********ACCOUNTABILITY**************
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
Our Jan 6 ‘Truth and
Reconciliation Commission’
Terrorists
knew exactly which windows were NOT reinforced
Domestic
terrorists funded in crypto
Trump: “Nobody’s
done more for Christianity than me” ?
How Govt wastes our money:
All
these companies made $ billions but paid no Fed taxes: no wonder we owe high debt
World
wealthy hide their corrupt proceeds: Pandora: how to avoid taxes: SD,
NV
Our
legal reps wrote the rules that let the rich hide their dough in some
states: we
pay bill
Congress on paid vacation
again: can your biz operate if closed for 2 weeks?
Post
office considers cashing checks for those without bank: payday lenders not
happy
One
guy, Mitch McConnell, decided America will not go bankrupt until December
SCAMS/SPINS:
Ban
on ‘surprise’ medical bills due Jan: med providers will find another way to
charge
Will right-wing
conspiracy theorist Jones ever have to make amends for family grief?
Trumpist confessed: Fox
‘News’ was propaganda agency of government: not journalism
ATT funds far-right fake news One America News: Trump conspiracy
theories
Naseem Mohammed Salamah caught
fraud $970,000: promised diversify accounts
Rich
Already Have A Plan To Escape Biden's Tax Increase: we end up paying the
rich
131 judges failed
to recuse themselves from cases in which they had financial interest
Papal
thieves complain Vatican justice not fair: lawyers never
worry about abused kids
Pope ashamed of his guys but Church
never called police about 200,000 abuse crimes
Fake
misleading info is so easy to make: Facebook profits
from hurting especially teens
Recall: 3.5 million Covid
home test kits by Ellume: too many fake positives
Why
didn’t auto-braking stop crashes involving Tesla vehicles? Computers get
confused.
TCFG Investment CA caught
overcharging 360% and kickbacks with no notice
Doctors/druggists are drug pushers: 400
opioids per resident of
Simple Health caught
selling worthless policy said complied with Affordable Care Act.
Home builders caught
adding $30K to contract to finish house: suit means more delay
Car dealers caught
adding $10K to sticker price bec they can even for good customers
Your
emergency surgery delay may kill you: preventable Covid
victims take ER spots
Covid vax: many would rather
lose job and die than take gov cure: 712,000 dead so far
First ‘abortion vigilante’ to earn $10,000 by reporting abortion crime under
new
TX law
GOP
Supremes set to repudiate abortion “settled law” despite former
promises: liars!
19
states passed this year laws to restrict voting Constitution says voting is a right!
Jobs
Hospital
staff to replace those afraid of vax
NYS's largest healthcare provider, Northwell Health, has fired 1,400 employees no shots
Vax
mandate in many business creates openings for millions
Who owns your account now?
National Flood Insurance rates up for storms rise: $20 Billion in debt too
Condos you don’t want to buy/invest: 432 Park: need helicopter when elevator out
Make old-fashion toys for the kids this holiday: holiday goods sitting on Pacific & docks
Best Medicare Advantage plans: JD Power ratings of services, info, costs, etc
Average portfolio
retirees near retirees: 35% stocks, 26%
cash, 15% bonds, 9% real estate
Miracles:
woman-coma-covid-delivers-miracle-baby-after-postponing-vaccination-1634927
Climate
change killed 14% of the world’s coral reefs in a decade: we are next?
We can apply for
Medicare online: https://blog.ssa.gov/apply-for-medicare-online
We can apply for
Social Security online: https://www.ssa.gov/benefits/retirement/
We can apply for
health care online: https://www.healthcare.gov/
Wisdom
comes only thru suffering Aeschylus
IAN
41 Watchung Plaza,
B242
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts available
at http://dankeppel.blogspot.com/
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