Stock market volatility means portfolios can jump 3% a day
Dow
jumps 765 points, oil soars on OPEC speculation, US dollar gets stronger.
But next day the market can fall 3%. If this makes you afraid, you are in good
company. As Buffett has advised, be “fearful
when others are greedy, and greedy when others are fearful.” Despite the
panic, this is the time to buy stocks or stock funds. This type of market
action is also proof that market timing—trying to pick the lows and highs—is
too hard to be successful. Even the ‘experts’ can’t do it. The only folks who
are good at timing the market are administration
execs and Congress
people because they can trade on insider information. They know when a buy
or sell is a sure thing. Their excuses for breaking the law range from
oversights, to clerical errors, to inattentive accountants. Now
you can buy the same stocks as they do using new ETFs. Even if they face a
$200 fine, they
are happy to violate the law. We are not treated the same—we can go to
jail. Buffett says just stay with your well-diversified portfolio because over
time you will make more money. “We continue to make more money when snoring
than when active.”
https://www.amazon.com/Assets-that
grow-themselves-snoring/dp/1986381226
Is this a good time
to buy an annuity?
Folks buy an annuity
for Guaranteed Retirement Income primarily. But recent low interest rates may
sentence these folks to problems in the future. For $100,000, a male age 67
would receive $640 a month for life starting this month. This fixed amount
would not change to accommodate inflation so if you live for another 20 years
(average life expectancy) you could buy only about HALF the stuff you bought
today. Annuity contracts are based on current interest rates and so if the
insurer earns more on your money in the future, they keep more. There are options. Consider a balanced fund with 65%
bonds and 35% stocks. This type of fund will provide interest and securities’
gains over the long term. You will be able to keep up with inflation for the
next 20 years. And you pay no high fees. You don’t give up gains that can beat
inflated prices.
https://www.amazon.com/NO-Cost-Annuity-Years-Income/dp/1508487308
Can You Guarantee a
Comfortable Retirement?
Contrary to the marketing hype from the financial services industry, they can’t guarantee a comfortable retirement. But you can on your own! First, advisor costs can take up to 63% of what you would have had. As Bogle puts it, “the tyranny of compounding costs” is overwhelming. Financial COSTS determine success. According to a Morningstar study, low-cost funds beat high-cost funds PERIOD. You are better off with index funds—11% over time—they cover inflation. Second, create a “crucial needs” fund for health, car, home, other emergencies. Third, pay off all debts even if you have to get a 2nd job. Fourth, use a tax-FREE account for college savings. Fifth, lower monthly expenses so they are covered by regular periodic retirement income (SS benefits, required minimum distributions, pensions, and savings).
https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716
Why are workers putting off retirement?
A recent study found that 40% of workers say they are delaying retirement. You can guess the reasons. Spouse lost their job. Market fell after huge gains in 2021. Retirement is boring. How many days can you fish or play golf or garden? Health care costs have hit you hard. You are now supporting someone you were not responsible for last year. Savings has been depleted because of Covid interruption in earnings. Inflation has forced you to rethink your retirement spending pattern. You found you had less money to spend in retirement. Stock market collapse scared you into redoing your number. You can cope with these challenges by making a practical 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
Nov 2020 Wealthy
discredit election process
Jan
6 2021 Direct
assault failed: guns
& bombs ready
Trump
engaged in a "criminal
conspiracy" to stop Biden
“I
don’t f—ing care that they have weapons”
Trump was “detached
from reality”
Trump
used mafia-style intimidation on the defenseless
Parscale: “a
sitting president asking for civil war.”
Trump:
“Just
say the election was corrupt and leave the rest to me”
GOP fascism: “RINO
hunt armed; no bagging limit” J6
comm threat
Trump’s Supremes END
personal rights & state
laws except for weapons
WMDs
Fascism: GOP
to stop women leaving state for abortion
It’s
not a court. It’s a junta: Two Americas
Trump: President
Biden is 'enemy of the state'
Jan 2025 Dictator
pardons himself: his Supremes Agree
How Govt wastes our money:
GOP
to keep IRS away from wealthy tax avoiders: ‘Smart’ people don’t pay taxes
Trump new corp: move
assets to avoid
disgorgements, fines, charges, punishments?
Trump’s legal
expenses consumed GOP donor money: The
Leader gets all the money
Trump
fails to use Supreme Court to avoid jail for stealing nuclear top secrets:
delay³
Trump
blames the movers for nuclear secrets box going to FL club: delay delay
delay
Did Trump’s illicit
gains (nuclear
secrets) docs go to top bidder Tao Liu already?
Will Trump seek asylum
from Putin for stealing secret docs like Edward
Snowden?
Employment
up so rates rise on cars, homes,
food, utilities, gas:
Exxon, Saudi profits soar
SCAMS/SPINS:
Jan 6 Committee has made no
criminal referral to the Justice Dept: Trump beats system
Why isn’t Trump in jail already? “Delay, delay, delay” his mob lawyer said
Saudis feel Donald Trump’s party will protect
them from any gas price hike backlash
Saudis: $500m
investment in Russian oil giants Gazprom, Rosneft and Lukoil Feb ‘22
General’s holy war: Flynn does a number on the tent crowd: “Army
of God.” Baths free
Is Grand Old Party really dead: Trumpists lead the CNP Christian
Nationalist Party?
Supremes
fail to give fetus constitutional rights but take
women right to chose pregnancy
Ye
assures Tucker: 'I
will eventually be president': after Don becomes The Dictator
NV
GOP promises election officials in most states will make
sure Trump elected 2024.
SS
office lines like other socialist countries: try online or other state’s
offices
Bullet-proof
glass, armed guards in U.S. NOT
IRS
paperwork clogged up: with no funding, no staff wait years to get
refund/answer
IRS
sending invite to claim benefits you might have missed: forget paper return
Hack: Facebook
users credentials compromised: photo editors, games or health trackers
SCAM: ‘Discount’
claims on Amazon are often more expensive
BEWARE: Walgreens
will use robots to fill prescriptions: Check med TWICE
BEWARE: Many college-sponsored
financial products cost students more than bank
Andrew Joseph Mitchell caught
pocketing insurance payouts $7.9 million as adjuster
Ronald T Molo caught
stealing $800,000 promising high return in own fund
Charles V. Malico caught
violated Reg BI not in best interest: churned 350 trades
Vania May Bell caught
Ponzi fraud $11.4 million: promised bond interest: prison
New Harbor Financial caught
selling risky inverse leveraged exchange traded fund.
Blotter: Apple Crash detection is calling
911 when users go on roller coaster rides
Hunter Biden caught
sufficient evidence to charge tax crimes and a false statement
GOP silent on Leader’s secret documents theft: Trump’s
Supremes not block justice
FL GOP wants emergency funding for FL but nixed
disaster relief for other states.
Wow: Down Payment for a typical House Has Doubled in Just 3
Years: $62.500
UK
tax rate cuts for rich reversed: Chancellor Exchequer quits; wealthy cry
Jobs
More
employers adding reproductive health coverage: attract, retain workers
Flex jobs home work: https://www.flexjobs.com/blog/post/5-work-home-jobs-retirees/
50 companies with highest overall Index
scores: opportunity, mobility and pay it offers.
ACT
scores fall to lowest in 3 decades: 42% failed English, reading, science,
math basics
Who owns your account now?
He rowed
a boat from New York to Ireland in 112 days but can’t swim
Social Security COLA hike 2023 is 8.7%
Inflation falls to 8.2%: not enough for Fed
I
bond interest rates fall to 6.47% as of Nov. 1, down from a record 9.62%.
You Can Power
Your House With A Pickup Truck? Maybe...It's Complicated!
Medicare open enrollment Oct 15 Saturday: change plans or use Advantage Plan
Miracles:
Crohn’s Solved? Common
Stomach Bug May Cause Inflammatory Bowel Disease
Nice
Jewish Boys make it: https://www.tiktok.com/@miamiboyschoir/video/7134418176980372778
Biden
has reunited 500 children separated from their parents by GOP Leader
IRS
waived 50% penalty on missed 2021 and 2022 RMD inherited accounts in
10-year rule.
Mortgage
giants allowing borrowers to skip payments
while they recover from Ian.
Blood test that
could detect
cancers early will undergo trials
First
wind-solar-battery project is now online and can power
100,000 homes
150 cities worldwide
with fruit
trees, vegetable gardens for anyone to pick free of charge
NASA
spacecraft changed the asteroid's orbit by 32 minutes: proof we
might avoid another crash
Non profit org of pilots of small airplanes help people
seeking abortion out of state
Connecticut
lawyers provide pro bono legal advice to women seeking abortion services.
Our Universe
Light is both
a particle and a wave depending on how we look at the light.
I
don’t think that there is any such thing as a position or a velocity of a
particle.
Everything (galaxies
to stones) in universe made of subatomic
energy ‘vibrations’
A subatomic ‘particle’
is the smallest possible vibration (quantum) of a quantum field.
Mass–energy
equivalence: E=mc^2. At the smallest
level; Everything is moving a little
Physics Nobel Prize:
“entanglement” 2
particles share info instantly at a distance
“It may be that gravity and quantum mechanics are
exactly the same thing,” Leonard Susskind
There is no TIME at this
level because of force fields come and go in all directions.
Universe expanding: events
may not come together like they did before.
Inside protons,
neutrons, it
is the fields of the virtual particles that creates its mass.
“Empty space is a
boiling, bubbling brew of virtual
particles that pop in and out of existence in a time scale so short that you
can’t even measure them.” Space expanding.
The electricity we use comes
from the field around the wire not from election itself.
@
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/
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