Make the new year better
New year fresh start for your kids/grandkids
Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in a retirement supplement. Your kids use the Buffett investment strategy for any amateur. Buffett recently proved his method, though simple, beat the strategies of the best hedge funds. Start with only $1,000.
Start in 30 minutes: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355
Why our readers use low-cost efficient Vanguard funds
World's greatest investor's retirement advice: Retirement income for life from 2 Vanguard funds. Avoid “high-fee managers” Warren Buffett's personal will provides for his family by directing that his cash assets be invested in just two Vanguard funds: One will provide cash for the coming year and the other will provide a sound future. The best way to protect your family's future is to be invested in the stock market, Pure and simple. When you have stock assets, your money compounds at higher rates when your account fees are 0.01-0.05%, not the retail rates of 1.5-3%. You don't have to settle for retail products that are structured to provide your financial sales firm with higher revenues. The average investor earns just 3.79%, not the 10-12% market rates. (QAIB)
2021 Total Return Fund Long-term
Return Longevity
29.0% 500 Index 11.2%
since 1976
27.3% Energy 8.8% since 1984
12.9% Extended
Market 10.7%
since 1987
14.7% Health 15.8%
since 1984
00.0% International
Growth 11.4%
since 1981
22.2% PRIMECAP 14.0%
since 1984
17.8% Small Cap
Index 10.6%
since 1960
08.4%
28.0%
29.2%
18.9% Average 11.5%
*
*Average Annual Returns as of
Use the Buffett
strategy: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Why automatic investing is so successful
If your investment plan is NOT on automatic, you may be missing the second best strategy. After the miracle of compounding, investing every month—buying more when prices are low and less when higher—usually beats market timing. Think of it: you don’t need to decide when or how much to invest. There is no rush to buy on the dip or guess when your stocks/funds are at their peak gains. You don’t have to fret that you may have missed the 10 best days of the stock market rise each year. Proof: Fidelity analyzed the most successful retirement accounts of all its clients. The most successful accounts were those that were NOT changed—no selling. The accounts that were forgotten or client died gained the most over time. Investing benefits from the miracle of compounding—dividends/interest reinvested—when there is no market-timing buy/sell trading. Auto-invest strategy takes our emotions out of the process. We don’t miss the best 10 days of gains since they are NOT predictable. We don’t sell at the wrong time.
Ride the wave: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Is Bitcoin right for you?
If you own BTC you have had a wild ride this year. If you don’t you probably earned 27% in the real market. If you own BTC you know this is a speculative play and if you cashed out at $50,000 before it fell to $31,000, you are probably happy. If not you are sad. There are many professionals that feel this game is worse than the Ponzi scheme of Madoff. Why? Because there is nothing real here. And you can’t use it to buy anything except in El Salvador and Tesla auto. And many accounts have been hacked. You may be able to make money with your account but it is hard to guard the value. It may drop a lot on one day but you never know how much you will have from one day to the next. Yes, there are folks who have won the lottery in Bits but not everyone wins in Ponzi schemes. One unit is $50K or more so you can’t create a 401k this way. The tax situation is fluid too. The IRS has not figured out how to regulate this phantom yet.
Use a real tax-free account with real money: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
Why Mad Money Cramer recommends index funds
AARP interview: “If you’re going to buy a company’s stock, you have to know what they do. You have to know who their clients are. You have to know how they do when the economy’s doing well and when the economy’s doing badly. You have to read articles about the company. You have to read the [transcripts of] conference calls [in which companies discuss their financial results]. If you don’t have any time, you just own an index fund; you own good with the bad. It’s perfectly good for an individual to own an index fund. People are unwilling to do the work. I have friends who tell me, “These stocks seem OK, and so I’m just going to buy them.” And I’m, like, “No, please don’t do that. Please don’t do that.” The 500 Index fund only has the top grossing firms. They would not be in the 500 fund if they were ‘bad,’ as Cramer said. Over time, the average advisor account earned just 6.2% vs 500 index 10.7%. Picking a successful individual stock is a lot harder than Cramer implies. Every analyst picks bad stocks, even Cramer. Warren Buffett’s unbiased advice: buy an S&P 500 index fund.
Take their advice: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
Wealth building hype can mislead you
Most articles you read about investing are written by journalists, not actual investors or folks who work in the financial field. Building wealth takes time, patience and commitment—all of which don’t sell books, magazines or TV shows. One article says you can start with $1 using an app. No. A low-cost investment account requires $1,000 to start. And $250 a month for about 30 years will create a nest egg of $700,000. It also promises that a “quality financial advisor could turn $500,000 into $3.4 million in 25 years.” No. The average advisor account earned just 6.2% vs 500 index 10.7%. A prominent financial analyst calculated that the average advisor fees will rob you of up to 63% of what you could have had using a low-cost stock market index. Pay more; earn less. The article promises to cut your car insurance by $700 if you use the author’s sponsor. No. All financial firms promise huge savings using one very unusual example. You may save by shopping 3 different carriers every 2 years but you will need to change your deductibles, drop coverages and benefits you don’t need. You may save $700 over 10 years or more. The article promotes a home warranty so you “don’t have to worry about fixing your home” heaters/appliances. No. These contracts don’t cover everything that goes wrong and cost more over time than you could accumulate in an account. The article also claims you can make “some money” watching videos and taking surveys online. No. Your payment for a survey is no more than $10. Use the time to learn how to build wealth from those who have actually done it like Warren Buffett and John Bogle.
Their strategies actually work: https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
The
Path to Dictatorship: 2010-2030
Proud Boy: 'We
took the Capitol’
Most
terrorists free … to try
again
How Govt wastes our money:
FL makes new record
cases 31,758: state
health public policy to kill people is working
National
guard spreading covid in some states: will military side with terrorists?
Biden
hides Trump documents: Jan 6 coup-attempt terrorists applaud
SCAMS/SPINS:
GOP has changed voting laws in 17 states to make sure they don’t lose elections: Fix is in
Sue for Truth: GA poll workers sue One America News, Giuliani debunked fraud claims
Trumpers fire death threats at folks the Leader doesn’t like: no one left to oppose Leader
GOP abortion bans: few
men rethink family planning choices
German pastors giving vaccinations
for all to save lives
When will airlines make vaccination mandatory so all flyers protected? 850,000 dead
Anti-vaxxers
need own hospitals so I can get my surgery: their ‘personal choice’
hurts mine
“Guns
for protection” fails: gunman shoots, kills before victims have time to
draw/shoot
Who leaves loaded gun around 3 year old: killed
herself on Christmas
We are killing
each other faster than ever
Airlines switch to cooking oil to cut jet emissions: funny
smell in the air
Kia
and Hyundai engine fires draw regulator probe: 2011-2014
Drug
stores refuse blame for opioid deaths: makers went bankrupt; doctors fight
suits
Medallion Financial caught
inflating stock price: lender to taxicab medallion buyers
Jobs
Raises for senior staff: if
inflation is 7% my salary increase must be 10+%
Unemployment
comp raised for anti-vaxxers only in GOP states: buying votes strategy?
Can
anyone live on $7.25? 20 states remain below
poverty: $15/hr is goal in most
Who owns your account now?
Gov stops Tesla from
letting drivers play video games while driving: See
why need gov!
See
why need mandate vaxx: Pediatric hospitals in states filling fast: Save our
kids!
Gov pays for your funeral from Covid: vaccine costs less
Metromile
to Lemonade: app to measure how much and how safe clients drive.
Our home prices
surged 18% in October:
Morgan converts mutual funds to ETF to compete for new money: stop share loss
Miracles:
TSAer jumps line: saves infant not breathing:
Santa spirit is everywhere
Virus-shapes
decorated deserts at Prague café: creativity fights plague
Covid
pills for specific use: you gotta read the directions if your script is
filled
Unmarried
advisor to millions of couples offers marriage advice: “Please, Thanks,
Sorry”
Best of 2021 events:
Cheney & Kinzinger stood
against the overthrow of our government
A
6th Grader Saves the Lives of Two People on the Same Day
Alaska
sets December temperature record at 67°F: 67 Wow! Dec 26
Tahoe snowfall 202.1
inches breaking
a 50-year record.
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/
IAN
41 Watchung Plaza,
B242
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts available
at http://dankeppel.blogspot.com/
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