Why are more people moving their money to Vanguard?
Vanguard has taken in every 1 in 3 dollars in 2021. Folks are realizing that paying advisors a big chunk of their earnings every quarter over the 20 to 30 years of investing means they are giving away over 50% of their money. For the average investor contributing $3,000 a year or more, that’s over $250,000 to $400,000 total fees. That means those who pay an advisor are ending up with $400,000 instead of $800,000 or more. When we start out investing and paying 2% of our $3,000 for “personal portfolio guidance,” we feel good we are getting a good deal. However, later, we don’t realize that 2% of AUM “assets under management” as they call it, takes $8,000 to 16,000 every year. Advisors are not required to tell us what their fees will cost us over time. If we earned $200,000 like we did in the market last year, we don’t mind giving up $16,000. However, in 2022, the story will be very different. We would still have to pay the $16,000 even if our advisor did not increase our account one PENNY. Many folks have learned that COSTS matter: 3.79% vs 11%. The best predictor of investment success is cost. Earn 6% pay 2%; inflation takes 3% so keep 1%.
Keep more: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082/
Which market sectors will help your retirement income?
Wouldn't it be great to find just ten mutual funds you could
count on for your whole life? Think of it: Ten funds that earn over 10% a year
that you could keep investing in from your youth and use for income and growth
in retirement for the rest of your life. You wouldn't need a broker since you
wouldn't be selling and buying 'hot' securities. You wouldn't need to worry
about what the market was doing at any given time. You wouldn't need to worry
about buying the next Apple or Google—you own them all. You wouldn't need to
worry about having enough in retirement. The facts are in: 1. “The stock market
is a device for transferring money from the impatient to the patient.” Warren
Buffett 2. Buffett also said: We continue to make more money when snoring than
when active. berkshirehathaway.com/letters/1996 And "My wealth has come
from a combination of living in
https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
$73 Trillion of
wealthy-people money is never taxed
We will have to pay
their taxes. The top
1.5% families will enlarge the wealth gap between us and their kids and it
will be done tax-FREE. The
middle class will shrink even more. Our reps have not been able to get
Congress to reverse the 2017 fundamental tax change. The promise of
Use the only legal
tax haven: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441
Have you taught your child how to make tax-FREE money?
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. I have used this 'Wealth Reserve' as I call it to have funds to use low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in retirement supplement. Now your child can build an account that provides tax-FREE retirement income too.
Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355
How to invest in uncertain times: war, inflation, job changes
When will life get back to normal? Well it might not happen soon or ever. Paid forecasters and money managers always have an answer but we know down deep there is no correct answer. This means we have to be ready for whatever happens. When markets are volatile and high earnings are not assured, we have to control what we can control. We can control what we pay for a stock or stock or bond fund. We can control how much to pay for transactions. We can control what we pay for advice if we need it. Over and over, those unbiased folks (not salespeople) tell us that frequent trading—trying to time the market for better results—does not work. Sure, there are some folks who can show us their great results for the recent past—the last 1, 3 years. However, we are not looking in the past for the future great results. Here is all we know. Fidelity looked at client accounts that did the best. They were the ones who forgot about their account. DALBAR, the investor-tracking-markets firm looked at the actual outcomes of advisor managed funds and found the best outcome was a low cost index fund. Finally, Warren Buffett bet on the Vanguard 500 Index fund over 5 specially chosen hedge funds. The Vanguard Index won. It is the low-cost broad index that can provide 11% a year over time.
Buffett makes it simple: https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900/
Using tax-managed retirement funds is essential to survive
Sixty-three percent of Americans don’t understand how their 401(k) works, and 81% don’t know how much they’ll need in retirement, according to a survey from Bank of America. This survey does not tell us how old the owners are so the results may be normal. When we start working in a company that offers 401k, we don’t understand more than it is a retirement account that delays taxes on part of our income. Oh, we also remember that the company will match our contributions. Of course, no one knows how much they will need in retirement. We just started working so we aren’t supposed to know about retirement yet. On the other hand, if those who answer were age 65 or near retirement, they will soon find out that no one knows how much they will need in retirement until they are in it. Most people don’t have a high-cost financial advisor who may know how to estimate their income. Most people haven’t decided on when to take Social Security. Nor do they know how much income they can take from their nest egg to make it last to age 90. No one knows what their market portfolio will earn since they don’t know which blend of stocks and bonds is right for them. They don’t realize how much of their investment earnings they will be giving up to their advisor over time. Most will only keep HALF what their money earns. Most people don’t know if they will have two incomes or one, whether they have to down size or not, whether they will health conditions that may bankrupt them. Americans don’t find out the answers until it is too late to do anything about it. Only rich people have a financial plan for later life.
Make a plan: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
The
Path to Dictatorship: 2010-2030
Insanity: “there
would be no NATO if I didn’t act…” “I
will leave NATO”
Trump’s
coup tears country apart
Another
armed domestic terrorist guilty
Another
domestic terrorist conspired
Facebook: organized
terrorists for Jan 6
How Govt wastes our money:
Too little too late:
Free tests going to waste: https://www.covidtests.gov/
Congress finally
agrees on lynching: Lynching
Black folks is wrong: takes 247 years
GOP: you can settle
your neighborhood disputes immediately: kill with unlicensed guns!
Judge
stops TX state from deciding kids’ life or death: TX
to punish parents: Jesus
says
FL law "Individual
Freedom" prohibits
race-related talk in schools and work. Fascism
File taxes
electronically: there
are already 23 million returns not done from years before
There are no auditors to force
the wealthy to pay the taxes they owe: poor are easy to tax
17
US representatives voted for Putin’s war: keep importing Russian oil
GOP
delays sending assistance to Ukraine to give some GOP special perks
SCAMS/SPINS:
Trump undermining democratic institutions: billionaires pay
for fake voter fraud
TX rejects 27,000 mail-in ballots: most Dem
voters disenfranchised
CO GOP
election official caught messing with voting system; undermine voter trust
Trump
official lies about voting residence: trailer is not home: voter fraud--not
arrested
Fake
pictures raise hate in Putin invasion motives
Russian
TV Uses Tucker Carlson and Tulsi Gabbard to Sell Putin’s War to Russians
GOP
anti-vaxxers learn Covid shrinks their brains; explains silly thinking;
Trump support
GOP: “We need to build more gallows”: raising
$ millions from call for White violence
GOP’s vision: Cotton;
Trump;
Cheney;
DeSantis;
Pence;
Scott;
Cruz;
Trump’s plans to overthrow of US government: Stone
heads criminal conspiracy
Trump
Wants to Put China's Flag on Jets to 'Bomb the Sh*t' Out of Russia: prez
2024?
Putin follows Trump: ‘Fake
News’ Law; Trump’s
Urging That Comey Jail Reporters
Putin, Trump’s
idol, going
after the pregnant women and children now: ‘denazify’
Putin
doesn’t care about war crime trials: who
would arrest and try him?
Putin
hires mercenaries from Middle East to kill Ukrainians in eastern border
Will
Putin take HALF Ukraine—
Putin has
Putin embargo doesn’t raise gas price: speculators
in market do: $20 in 2021
same oil
Raymond Erker OH caught
stealing $9.3 millino in Ponzi: guarantee no risk returns
David Schamens NC caught
stealing $6.8 million in Ponzi: loans to traders high returns
Scam via Venmo,
Zelle or check that bounces: CC fraud ends up our account
Scams
aimed at us: warranty, health, religion, SS, student loans: just hang up
and survey
How to spot a government
imposter scam: claim SS, IRS, etc
Johnny Stine WA caught selling fake vaxx for $400+; more
demand when stop order sent
“Service fee: scam: order
promised free shipping but at final screen, shipping is “service”
City National Rochdale caught
overcharging clients, mislead, misinformed $30 mil fine
BEWARE: Subarus now sold
without the tech that connects drivers to music, navigation
Paper
products now thinner: Bounty, Scott, etc shrinking without warning.
Deed
Notice Scam If you receive one, don’t waste your $98.
Anti-vaxx
trucker propaganda raises money for the website not for the truck drivers
Unvaxxed
continue to die: FL
GOP watches dead top 970,000: personal
freedom kills
BA.2
makes up 11.6% of COVID variants in U.S
Jobs
41,000
additional veterinarians needed to meet the needs animal healthcare
by 2030.
IRS plans 10,000
hires to help clear millions of unprocessed tax returns
Who owns your account now?
Best paint review from Consumer Reports: $46-$90
NM Archdiocese Sues
Insurers Over Sexual
Abuse Coverage: victims waiting years
No humans: I had to write to CEO T-Mobile to cancel my account: no button; no CSR
I cut my car trips in half: all my short trip errands at one time
Miracles:
4,500
antiwar protesters arrested in one day in Russia
LeBron
James had a 56-point game Saturday.
China
to make electricity in the Gobi desert: no one will complain of noise
11-year-old
Ukrainian walks 100s miles to Slovakia alone
3,000
applications from people in the United States who want to fight Putin
Nearly 60%
of Americans gave money last year. Average donation: $574.
Some
really free stuff: certain rules apply: Congress
gives itself the best stuff on us!
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
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts available
at http://dankeppel.blogspot.com/
No comments:
Post a Comment