Stocks on sale: Now is the time to get bargains for the coming years

 

Make sure your child learns how to invest the Buffett Way in 2023

Since it is difficult to predict your child’s future financial success, you can give them a foundation on which to build. The most important lesson of those living in retirement is that starting investing early makes life more secure. Since automatic investing from your checking account makes it easy to invest a small amount each month, begin by having $100-$250 sent to your low-cost mutual fund provider. Low-cost tax-FREE accounts mean you don’t waste your money paying commissions, fees, or taxes. Your kid’s account grows on 100% of your contributions. Investing $100 a month can grow to $1/2 million in 35 years using a 500 Index fund. At $250 a month, they have $400,000 in 25 years. Use a special investment account and they don’t give up 63% of their total accumulations. No income taxes mean they can keep 22% more.

Start here Jan 3: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

 

How did you do in 2022?
Hopefully if you pay your advisor/broker to keep you in the pink, you did better than these top low-cost Vanguard funds. Most of these funds owned by my readers cost less than 0.25% per year with no commission, purchase, redemption, or marketing 12b-1 fees. Most of them do not trade so there are no market timing mistakes. Few if any readers tried to sell before the market drop in early 2022. They stayed invested so they would not miss the market up tics. Those who sold out may miss the quick upturns that can happen in a 10 day lurch.

 

2022 Total Return Vanguard Fund   Long-term Return      Longevity

-19.8% 500 Index                                            10.8% since 1976

 24.0% Energy                                                  9.4% since 1984

-26.4% Extended Market                                 10.0% since 1987

 -0.8% Health                                                   15.7% since 1984

-30.1% International Growth                            10.2% since 1981

-14.9% PRIMECAP                                        13.4% since 1984

 -9.5% Small Cap Index                                   10.6% since 1960

-8.8% Wellesley Income                                     9.3% since 1970

-2.9% Windsor                                                11.3% since 1958

-12.9% Windsor II                                           10.7% since 1985

-10.2% Average                                               11.1% *           *Average Annual Returns as of 12/30/22

Invest like billionaire Warren Buffett. Invest your tax refund for a $1,000,000 retirement fund in 35 years.

https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X/

 

Stocks on sale: Now is the time to get bargains for the coming years

Tesla stock fell 18% this week alone — and has dropped around 65% in 2022. Despite the craziness, some readers are buying now since Tesla leadership in EV vehicles is established. The other tech stocks are a buy also. The S&P 500 Index stocks are down 20%. This means you can buy all your favorite companies—Apple, MS, GM, GE, ATT, Amgen, Pfizer, J&J—with one contribution at a discount. When would be a better time to buy ALL of them? Warren Buffett: be “fearful when others are greedy, and greedy when others are fearful.” Everyone is selling; now is the time to buy. Consider what happened the last time the stock market lost 20% or more. Usually the market recovers and returns to its norm of 11% per year. Over time, your account of a buy and hold low-cost stock index provides $1 million in 35 years at $250 a month.

The Buffett Way: https://www.amazon.com/One-Decision-Investing-Buffetts-strategy/dp/1723529176

 

Finding more cash in 2023: fight recession

Being frugal can be fun. Your goal is to see how much you can save to protect yourself from any emergencies. Shop for less expensive car insurance. We saved after GEICO raised our premium for 2 cars and Umbrella liability by $230. Ask your cable guy to cut out what you have not been using. Do you still need whole life insurance if the kids are gone and you have a retirement fund? Invest your $3,000 tax refund—stocks are on sale—20% off from highs in 2021. Consider using low-cost index funds since your advisor/broker may be costing you up to 63% of your long-term accumulations. Paying 0.04% per year on your $500,000 portfolio instead of 1.5-2% means saving $10,000 a year; over $200,000 over 20 years. Is your mobile phone costing you more than $100 a month? There are less expensive alternatives. Slow cooker carrots, pot roast or meat loaf week’s dinner at $20 total. Instead of buying a new car which loses HALF its value in the first 3 years, find your model in the used car section. Save $250 a month ($3,000 a year) on finance charges.

Save $3,000 a year: https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

 

Why everyone should have two IRAs

Even if you have a pension (401k, 403b, DB) at work, you have more benefits and flexibilities with the IRAs. You can take deductions on your taxes or take monster gains in retirement tax-FREE. You could take the contributions for an emergency or starter home or education free of penalty. You can make contributions without age limit as long as you have income. You could create a legacy tax-FREE like life insurance or a retirement fund supplement. You could create an large fund for your non-working spouse. You could earn tax credits for your contributions. There are no required minimum distributions for one IRA. You can use much lower-cost mutual funds. Cost is the best predictor of investment success. You don’t need a will or probate to pass on your funds to any beneficiary.

Begin Jan 23: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966/

  

 

 

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

Parallels of this era in the past may hint at our future: democracy breaks apart legally

 

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

Billionaires paid $881 million for votes in 2022 midterm elections

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

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'

 

Christian Nationalist Party (CNP) replaces GOP

 

Nov 8 2022 Trump’s “national revolution” failed

 

Nov 15 2022 Trump announces for 2024 to avoid lawsuits

 

Dec 3 2022 Trump: cancel Constitution rules so ‘I win’

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

Congress new funding: some bad news; some good news

Crypto con man paid gov regulators to “look the other way”: SBF used Capitalist tool

We lost $4.2 billion unspent FSA funds: $ billions could be wasted by forced spending

 

Top con artist pays $750 on $ millions in income: appoints crony to IRS: cancels audits

How we can avoid taxes like the “professional” genius former prez: deduct bad biz move

 

SCAMS/SPINS:

Jan 6 committee report: highlights so you don’t have to read the whole thing

GOP rethinks their ban on early and mail-in voting: maybe better to have all vote

GOP welcomes George Santos: admitted countless lies about character/career: Trumpist

Trump’s office manager Meadows burns overthrow gov plot plans 2x week

 

TX Granbury ISD banned school library books dealing with sexuality and gender

 

Scam: Amazon calls re bad credit card: “give me number again”

Scam: “Hi, how are you?” “You shouldn’t miss out on crypto profits” you lose all

Scams:  payment apps such as Zelle: bank impersonators already have your ID

 

Evaluate a Nonprofit Before You Donate: scam seems good cause

 

Avoid Scam cheat sheet: 1 page to dos

Equitable annuity caught misleading teachers on annuity fees: lied about ALL fees

Hyundai caught buying parts from AL supplier using slave-wage child labor

Morgan Stanley caught excess sales charges and fees since 2015: fine no jail

 

John Matthew Underation caught lying about his felony: barred for 6 months; fine

Charles Malico caught churning clients’ small account: barred 6 months; fine

Georgia judge: is financial industry arbitration process fair? only brokers decide cases

 

Tesla stops reporting Autopilot mishaps/accidents: auto regulator began asking for data

 

Scam: cough syrup cutting active ingredients in half: requiring you to take twice as much

 

2 shot: shooting after a quarrel in AL Walmart self-checkout line: hate or too many guns?

6,000 children killed or hurt by gunfire in 2022: 6,000 just so we can kill in fast spray

 

CA institutions face thousands of childhood sexual abuse claims: church, schools, sports

 

Jobs

70,000 new staff members over the next five years: financial industry grows

Why the disabled can’t pass the Social Security test for work

10 steps to planning retirement before you retire: spending, SS, health, RMD, pension

 

10 Jobs Disappearing the Fastest: automation kills jobs but technicians to fix needed

Automotive Technician- job post Toyota Universe NJ $150,000 - $180,000 a year

HVAC SERVICE TECHNICIAN COMMERCIAL/INDUSTRIAL $72.1K - $91.3K

 

Who owns your account now?

Retirement savings upgrades in new law: save more

IRS is making these changes to account for inflation: gift estate tax triggers 2023

Beware: rule for some backdoor Roth IRAs conversions causes some IRS inquiry

 

Growing vaccine hesitancy fuels measles, chickenpox resurgence

Social Security benefits increase and other changes

 

Miracles:

A first: doctors treated a baby's heart defect with injected stem cells

Water war over Colorado River: will water-hungry veggies become scarce?

IRS waived 50% penalty on missed 2021-22 RMD for inherited retirement accounts

 

solar-powered car sets a new world record by traveling 620 miles

 

 

 

 

 

@

 

Our Universe is Mind-Blowing

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

Energy into matter: scientists converted light energy directly into matter in one step

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

Gravity might induce the collapse of quantum vibrations into 1 quantum state—our world

 

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.

The proton is so complicated science still finds new energy entities/forces every year.

“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.

Scientists build 'baby' wormhole as sci-fi moves closer to fact: inside quantum computer

 

 

 

@

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/

 

Start your child/grandchild’s tax-FREE account now: stocks are cheap

 

Start your child/grandchild’s tax-FREE account now: stocks are cheap

It is Time and not advisor stock picks that can give them a $250,000 or $500,000 retirement fund. If you start their account now—even with just $100—the account can grow to a large amount in time for their retirement spending without any taxes. This means that they may not need to pay taxes on pensions and social security benefits. How? You open a tax-FREE account at a low-cost mutual fund and have your bank contribute $100, $200, $300 a month automatically. In 27 years they could have $500,000. If you begin earlier, that tax-FREE account could exceed $1 million in 34 years. Without commissions or fees, that account can grow at 11% per year on average. Without fees or taxes, compounding a stock index fund keeps their account from losing 63% of the possible accumulation over time. Investors are moving to low-cost from high-cost funds.

Give them a leg up in the New Year. https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

 

Are bank savings rates of 3.3% really how to grow your wealth?

Is a bank’s promise to provide you with wealth in a savings account right for you?

“Grow your long-term wealth with these record-breaking savings rates.” This promo rate of 3.3% will NOT bring wealth. First, the rate is not guaranteed for the 60+ years it would take to reach $567,290 contributing $3,000 a year. Second, it would take 80 to reach $1 million before taxes. If you double the deposit $6,000, it still takes 60 years to reach a common “wealth” benchmark. Third, in 30 years, inflation would reduce the value of $567,290 to $283,645. Since this is not a tax-FREE account, taxes may take 12%. This offer is not right for anyone who has plans for retirement. With the inflation rate at over 7%, any deposit would be losing HALF its value each year. To “grow your long-term wealth” you need to earn returns of the average stock market index of 11% over time. You will not find a financial advisor or mutual fund that can average 11% over time. Their costs make you give up 63% of your possible accumulation. Even in a market correction year of 2022, not one financial “professional” was able to beat the market in the last five years. Take the advice of someone who knows how to grow wealth.

https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Why your 401k pension projection statement is all wrong!

Your IRA and 401k statements now claim they forecast your “future income:” Except they can’t. The projections from an insurance company about the future value of your account, interest rates, assumed date of death, and monthly incomes are worthless. The government was pushed to use a simple annuity by the insurance industry. Insurers are banking (literally) on us falling for this catastrophe. First, no one empties their whole pension into an annuity the year they retire. Second, insurers will low-ball your income because they estimate paying everyone for life. But they don’t know when you die—they use the average for all. Third, when you give them all your pension money, you don’t know what the interest rate will be or how sound the insurer is. Fourth, if you have a short life, your family loses all. Fifth, the amount per month will be worth less than HALF since inflation takes 50% or more in 20-25 years. Your Social Security benefits provide income and are increased with inflation. Sixth, insurers are using the current value of your account. Anyone who is at least 5 years from retirement will have a larger account and so the projected income will be wrong. Eighth, if you need your money for an emergency you must pay a surrender charge of up to 20% to get it. Ninth, if you have your account invested in stocks for accumulation, you may not like giving up 8-9% return for 30 years in retirement. You will have a lot less to live on. You might have to go back to work. Tenth, you have a lot better ways to receive more income per month than an insurance company product. Maintaining a balanced portfolio for 30 years is actually safer than buying a fixed monthly income that may lose value from day one.

Check alternatives: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

 

Looking for advice for managing money next year?

Looking for solid experienced insights for the future? Here are a few paid analysts’ opinions. Bloomberg readers declare Bull. History has proved that anyone can guess the future but few are correct. The rub is that you won’t know until it is over and we can’t yet travel back in time. An unbiased advisor will not play games with you and admit no one knows. A better strategy is to buy and hold a balanced portfolio for all markets. Most of my readers did not lose with crypto collapse. They’re overall portfolio value was down 5-10%. However they did not sell so they have not lost a penny. Those heavily leaning into Tech are waiting for the rebound from lower values. Historically, an account that holds a low-cost market index exceeds the returns of a “managed” account. In fact, not one management firm’s fund beat the index in the last 5 years. Why are people so surprised when advisors move money around (commissions and capital losses) and we end up with less. Just 10 days can reduce our return from nearly 11% to 5%; just 20 days can reduce our return to 1.59%.

Avoid their advice: https://www.amazon.com/Win-Investment-War-Earn-11/dp/1522916369

 

How did our grandparents afford to retire?

They did not make a lot. They did not have tax-deferred savings/investing plans. They did not have low-cost stock market index funds. Most did not use a broker or advisor. Most had no credit facility to buy stuff on time. And yet they saved even during the 1930s Depression when 20% were unemployed. Banks and Wall Street failed. Most people did not have a business and farmers were especially hard hit. Yet my parents were able to buy a house and have enough savings to live comfortably. They had Social Security (initiated 1935) which they paid into all their lives. They bought used cars and furniture. They had kids who they helped pay for college. They spend less than they made from two full-time jobs. They vacationed seeing many parts of the National Parks and camped a lot. The most important financial decision they made was to save and invest steadily in ordinary financial products.

Get your grandkids started: https://www.amazon.com/Where-can-your-child-invest/dp/1492164240

 

How Trump got away without paying his fair share of taxes

$32.4 million Trump's reported loss in 2016, his biggest negative year.

4.1%The highest effective tax rate 

“Trump claimed tens of millions of dollars in losses and credits without the type of substantiation an ordinary taxpayer would likely provide.” Trump’s real estate ventures and other businesses consistently lost money and were written down as losses, and that most of his actual income was coming through interest earned on his investments. For 2020, Trump made more than $10.6 million in taxable interest. The same year, he reported a $15 million loss from his rental real estate properties and other ventures structured as S-corporations, partnerships and similar pass-through entities. Tax bill $0.

His total income for that year was a $4.7 million loss. The IRS has a mandatory audit program for sitting presidents, but didn’t audit Trump until more than two years after he assumed the presidency. Trump was selected for examination by the IRS on April 3, 2019, the same day that Chairman Neal wrote a letter to the then-commissioner of the IRS, Charles Rettig, asking for Trump’s tax returns. Rettig was appointed by Trump. Trump claimed a $916 million business loss in 1995 that could have allowed him to legally avoid paying federal income taxes for up to 18 years. IRS allows poor biz decisions to wipe out millionaire’s personal tax liability.

Only little people pay taxes: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

 

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

Parallels of this era in the past may hint at our future: democracy breaks apart legally

 

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

Billionaires paid $881 million for votes in 2022 midterm elections

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

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'

 

Christian Nationalist Party (CNP) replaces GOP

 

Nov 8 2022 Trump’s “national revolution” failed

 

Nov 15 2022 Trump announces for 2024 to avoid lawsuits

 

Dec 3 2022 Trump: cancel Constitution rules so ‘I win’

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

Inflation blamed on wages but real cause is Trump’s tax cuts: more money chases goods

Military spending surges, creating new boom for arms makers and arms dealers: Putin

More support for fossil fuels: expand the production of oil and gas: lobbyists pay Reps

Trump’s accounting tricks so he deducts $32.4 million: pays only 4.1% tax rate

 

Will Don be going to jail: America almost lost its life to martial law and his judges?

“The entire nation knows who is responsible for that day,” First prez indicted for coup

Trump bars the IRS from auditing his taxes during time in office: pays no taxes for years

Can a provocateur who tried to overthrow the government be elected president?

 

OR judge stops voter choice to ban high-capacity mags that kill masses in seconds: WMD

TX young adults may soon be allowed to carry handguns in public: street wars are OK

texas-senate-committee-calls-for-ban-on-mask-and-covid-vaccine-mandates/

 

SCAMS/SPINS:

Congressional Ethics investigate” members linked to Capitol riot: plotted various prongs

If Trump had not spoken Jan 6, would the terrorists have tried to overthrow government?

Mob boss convinced his lieutenants to take the 5^th under questioning: offer can’t refuse

One aide defied boss threat and testified: “reckless and unhinged” incited mob to attack

 

GOP elected Rep on fake biography: Trump-style Big Con: money buys elections

 

BEWARE: Debit card scams take your money without recourse: credit card reimburses

Fake gift cards: wrong benefit purchased

‘Fortnite’ maker caught privacy violation/unwanted charges: $520 million fine, no jail

 

Harvey Weinstein caught rape, sexual act: 90 women claimed: prison

 

Amazon Fraud Protection Department scam: “a suspicious order, press 1 for rep” DON’T

Liberty Mutual caught saving “what we searched for, what we looked at, info inputted”

State Farm’s caught claims handling disparities Black and white policyholders

Chick-fil-A NC caught paying workers with meals not money and violating child labor

 

Wells Fargo caught car loans, mortgages and bank accounts fees: fined $3.7 billion

Tesla auto drive braked unexpectedly triggered 8-car pileup 9 treated for injuries

Tesla automated driving system use in 2 crashes: hits Patrol car with lights flashing

 

Tesla offering $7,500 discounts on Model 3 and Model Y electric vehicles this month

Servicio UniTeller caught overcharging, fraud, misrepresenting: fine no jail

 

Andrew Fuller caught fraud/money laundering: promote wines raising funds speculate.

Gannet CEO gets $8 million by laying off hundreds of staff and closing local papers

Conspiratorial thinking is undermining democracy, and what we can do about it

Sean Hannity admits he spread Big Lie: 2 years of misinformation: Trump really lost

 

FTX caught depositing 8 billion dollars of customer money into secret accounts: jail?

“Trump claimed $millions losses without substantiation taxpayer would likely provide.”

“With over 400 entities Form 1040, it is not possible to examine all potential issues.” IRS

 

Jobs

Average lowest wage that workers with a college degree expect for a salary is $92,000.

Average lowest wage that workers with no college degree expect for a salary is $60,000.

Fake job postings are stealing applicants’ money and identities

 

 

Who owns your account now?

Used car prices leveling: Ask before signing: rust, mold, align, struts, brakes, recalls?

Best Online Will Maker: most estates are not worth paying lawyers $ thousands

Half of older renters pay more than 30% of income: median rent $2002

 

Disneyland costs more plus pay bonus to avoid lines: $ thousands to have fun

 

Miracles:

unprecedented shortages to farms and cities: Colorado River’s dwindling supply

vegan faux gras or foie gras liver of abused duck

life expectancy for Americans has dropped again, to 76.4 years 

 

New monoclonal antibody for hospitalized COVID-19 patients: severe covid patients

Pope sees ‘elegant demon’ in his staff: holier-than-thou way is the devil: hubris

 

 

 

@

 

Our Universe is Mind-Blowing

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

Energy into matter: scientists converted light energy directly into matter in one step

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

Gravity might induce the collapse of quantum vibrations into 1 quantum state—our world

 

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.

Scientists build 'baby' wormhole as sci-fi moves closer to fact: inside quantum computer

 

 

 

@

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/