Friday, June 23, 2023

Insurance You Really Don’t Need

 

Invest in stocks or not?

S&P 500 up 14% YTD. Is the future bright for stock investing or not? Many say no; many say yes. There is no way to know the future so what do you do? Looking at the record of similar periods, the answer for the long-term investor is YES. Over most 10-year periods, stocks and low-cost stock mutual funds provide superior returns to all other common assets. Even in volatile years, stocks regain their results quickly. For instance, from 2003 to 2013, the market return was 10.97%. During the 2012 to 2022 period, the market return was 13.98%. So for most investors NOT speculators, a low-cost market index fund provides about 11% a year over time. The real risk is not “holding” stocks but NOT owning stocks or low-cost stock funds long term. Other assets like gold and fixed income vehicles may look like greener pastures, but only for short periods. Moving from stocks to other assets would require a miracle in market timing both out and back into the markets. If your interest is long-term goal accomplishment, holding stocks or at least mostly stocks is the safest investment you can make.

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

 

Why gold investing does NOT live up to the ‘gold myths’

For most of us, we consider gold as the best alternative long-term investment and it is up right now. We drastically underestimate the volatility of gold and gold’s downside risk. Most of us think gold is an inflation or currency hedge and haven. It is not. For us, gold is perceived as an asset that provides superior performance during turbulent macroeconomic times. It does not. Gold prices declined over 30% during the worst of the financial crisis. From 1975 to 2022, the real returns for equities and gold were 8% and 1.5% respectively. There is a 50/50 chance for gold to show negative returns in a given negative equity month. Looking at a one-year horizon, gold was riskier (49.7% chance of loss) than both equities (24.9%) and bonds (34.6%). For long and short periods, gold is NOT a viable alternative investment.

https://www.amazon.com/Earn-11-11-3-69-Investments-choice/dp/1502412187

 

You may lose up to 63% of your nest egg

“No matter what I did, I could never beat the S&P 500,” an advisor confesses.

Many fees, charges, and costs are hidden in your financial relationship. One analysis by a finance expert shows you could lose up to 63% of what you would have had during your lifetime of saving/investing. Over time most of us do not see or add the small individual costs. The total nest egg over time can make a big difference to how much you are able to draw as monthly income. For example, you invest $250 a month ($3,000 a year) in your advisor’s mutual funds, choice stocks, bonds and alternatives. There are fees, charges, and costs in each product plus a management/firm quarterly fee which total 2%. As promised, you expect to earn 7% on your money over time. You do—but that number is gross—before all the costs. You end up earning only 5% or less do to bad market timing. So instead of $1.3 million you only get to keep about $670,000 before taxes. You paid $630,000 in investment costs. If you had used a low-cost index fund (0.04%) and free trading platform, you could have earned enough to provide at least $52,000 a year in income. Using a Tax-FREE account, you could have spent every dime ($4,300 a month) for 25 years.

Costs kill: https://www.amazon.com/Millionaire-Mutual-Funds-Save-taxes/dp/1534939490

 

Insurance You Really Don’t Need

There is an insurance policy for EVERY need. The question you must ask is what is the chance of me using it and at what cost. To find the answer, you can’t rely on the answers from the person trying to profit from the sale. You need to search for that type of policy and a professional analysis of it. The most common insurance you don’t need are whole life, extended warranties, rental car, supplemental (Aflac-like) and trip insurance. For instance, every person of the right age is asked if they have “long-term care” insurance. The sales “hook” is ‘70% of Americans will need some form of long-term care. However, only 7.5 million actually have long-term care insurance. Most costly care is provided by Medicare or Medicaid. The lifetime chance of someone buying coverage at age 60 and USING policy benefits was only 35%. So 65% will not. Most people use it to get care in their own home. So those who pay for help directly and not own a policy might be better off. Not only are premiums increasing but few nursing homes have a A+ rating. Better: wait until you really need expensive long-term care in a good institution and use your Medicaid. It pays for most nursing home stays, not private insurance.

Find the facts: https://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X/

 

Retiree’s portfolios: more guaranteed income?

Today’s retirees are living longer than previous generations — and they want greater certainty that they won’t outlive their money. Thus the appeal of a pension-type annuity contract is common. However advisors usually fail to explain all the fees, charges and costs associated with this vehicle. Plus, the current annuity payout is set at a low level so that there is no recalculation to make up for inflation. The fact that the annuity initial deposit cannot be returned if a retiree has an emergency is ignored. Some retirees feel their current portfolio structure is not modern enough to create more income certainty. A survey finds investors on average want 80% of their retirement savings to be invested in “safer investments,” while those protected by a pension or an annuity have a significantly more positive outlook on their retirement prospects. “Safer investments” is the chosen description of what retirees say they want but usually such vehicles provide less of a nest egg and thus less income for life. Many retirees feel they have not saved enough and that Social Security is not a guaranteed income source anymore. Retirees can’t have more income from “safer investments.” Retirees want to protect whatever they do have even if that means less income later. No more pensions means the risks are all ours.

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

 

 

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Like 1776, this period is a test of democracyWe 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 govt overthrow 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

 

Trump still terrorizing election woman

 

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 limitJ6 comm threat

 

January 6, 2021A date which will live in infamy

 

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

 

Mar 11 2023 Pence straddles his place in history

 

Mar 31 2023 Trump indicted misusing election money

 

Apr 7 2023 One GOP guy decided which drugs we can use

 

Apr 9 Illustrated Anne Frank book removed by Florida school

 

Apr 21 Trump: “I am your justice

 

May 9 Trump guilty of sexual abuse

 

Jun 8 Trump indicted by the United States of America

Violation of the Espionage Act

Conspiracy to obstruct justice

Making false statements 

 

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

NASA costly rocket: Astronauts’ brains need years to recover from trip: no one goes!

Pentagon found $6.2 Billion it “lost”! More “accounting errors”?  

Avoid taxes on investment portfolio: how some folks avoid taxes even without specialist

 

 

SCAMS/SPINS:

Most of us are "very concerned" about wealth inequality: rich country poverty kills poor

Millions dropped from Medicaid as states start a post-pandemic purge of rolls: ERs full

Old 1970 GOP: Nixon expanded Voting Rights Act of 1965: more voters not less

 

Recall: Honda recalling 1.2 million US vehicles for rear camera issue

Recall: 42,000 pounds of Johnsonville sausages : possible contamination.

Ground water pumping for years made Earth shape change; North Pole shifted

 

Schwab caught: hid fees in robo-advisor program, Intelligent Portfolios: promised no fees

PIMCO caught failed to disclose information to investors, failed to waive fees as ordered

Thomas Vernor frmr LPL caught: not disclose he was charged with sex abuse of a child

Three-quarters of financial exploitation is done by family, friends or caregivers.

No client protections: Spending Bill Kills SEC's New Custody Rule, Reg Best Execution

 

2 killed 3 injured WA campground crowd

1 killed 23 people shot IL parking lot party to celebrate Juneteenth

2 killed 1 injured PA shooter killed

6 shot Milwaukee's Juneteenth celebration

 

TV scams: Networks Enlist A.I. Script Generator to ‘Save’ Television Industry: writers?

Ticket Scams Are Skyrocketing

Safer passwords: How Hackers Steal Your Password 

IM Mastery Academy caught deceptively marketed itself 

Cryptocurrency scams involving elders are on the rise: 5 clues help us find scams

JPMorgan deleted 47 million records, emails and instant messages: avoid penalty?

 

Dictator: I can declassify documents “simply by thinking about it”

 

Hunter pleads guilty: will it quell the GOP storm?

 

Supremes violate own rules: don’t report; don’t recluse for donor’s gift case: no trust!

Trump got his Supremes’ rulings from the ‘Shadow Docket’: opinions w/o credibility

Supreme Court rulings are making religion an all-purpose excuse for ignoring the law

Use religion for “political power remake [our America] … an actual ‘Kingdom’ of God.”

 

Biden allows Russia's military to buy ”Western components" for its weapons in Ukraine

 

Jobs

Jobs for manufacturing supercycle starting with high pay

Technology majors thrive in this environment

Companies Offering Sign-On Bonuses

 

ways-retirees-can-make-money-through-passive-income/: some good ideas

Ford gets $9.2 billion for the construction of three EV battery factories

 

Who owns your account now?

Higher interest earned search? Interest Rate Chaser Calculator

Negotiate mortgage rate; save up to $20,000 on change from 6.5% to 6.25%

People over 65 on daily low-dose aspirin were 20% more likely to be anemic

 

7 Things You Should Do Before Claiming Social Security

10 Best Credit Card Bonus Offers 

Free custom financial plan: get started with your plan, print and customize

 

Miracles:

In a First, Wind and Solar Generated More Power Than Coal in U.S.

Thanks to the new robot, an area the size of two soccer fields can be reforested every day.

People with incurable cancers may live for decades

 

China to use robots to take care of its aging population: machine over immigrants?

Fast-charging Nyobolt Lotus Eclipse EV can fully charge in under six minutes

‘Lobster Lady’ turns 103, has been hauling traps for 95 years

 

 

 

 

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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

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

In place of atomic lattice, light waves used to create an optical lattice with same geometry

Physics Nobel Prize: “entanglement” 2 particles share info instantly at a distance

Quantum mechanics violates local realism: two objects behave as single system at 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

Strange state of physics that allows energy to flow frictionlessly through a material

Bending light from extreme gravity reveals largest black hole so far

Curved SpaceTime: heavy masses and simultaneously quantum effects become visible

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: created our time.

Our planetary system: rarest system: only 1% of all systems with same number of planets

 

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

Gold made from neutron stars: collisions produce more neutrons:79 protons,118 neutrons

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 electron itself.

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

starts-with-a-bang/universe-expansion-not-accelerating/

Physicists knew black holes eventually disappear particle by particle. Now they think everything else does, too

 

 

 

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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

http://www.theinsidersguides.com/

Alerts available at http://dankeppel.blogspot.com/

 

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