How did your Wall Street guru do?

How did your Wall Street guru do?  Stock traders can't make you rich

*Few stock-picking gurus do well for long
*Last year's genius is this year's loser
*Gurus' forecasts are correct less than 50% of the time
*Gurus attract money which then dilutes high returns
*Computer trading beats the best gurus consistently
Warren Buffett used compound interest to become wealthy.
“My wealth has come from a combination of living in America, some lucky genes, and
compound interest.” Warren Buffett

You need just $250 a month (and compounding) to reach your lifetime money goals.

http://www.amazon.com/How-your-Wall-Street-guru/dp/1490533273/

Is your mutual fund still around?

Only one mutual fund company has increased its presence in the top 10 funds since 1998.http://www.investmentnews.com/article/20130623/CHART/130619921

Putnam, American Century and Fidelity Advisor have dropped off the list by 2013.http://www.investmentnews.com/article/20130623/CHART/130619920

You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time. Abraham Lincoln 

Wall Street gurus don’t last but your retirement does.

Idaho ObamaCare policy $240/mo. average

Health insurance policies sold via Idaho's insurance exchange starting Jan. 1 will cost around $240 monthly, a figure based on packages submitted so far to the state Department of Insurance by insurers aiming to participate. For instance, a family of four making $60,000 headed by a 40-year-old would likely be eligible for a government tax credit of $7,193 toward their annual premium of $12,130. That means they'd pay $4,937, about 8 percent of their income, or $410 monthly. Meanwhile, lower-income families would make lower payments, with help from the government's sliding-scale subsidies provided for those who earn less than 400 percent of the poverty line.

Almost 70% of Millennials Have No Retirement Plan—NOW only $9 a day

Millennials, young people 30 and under, are coming of age in a world vastly different from that of their parents and grandparents. 54 percent have had some college education, compared to only 36 percent of "baby boomers" (those ages 50-64) at their age.  39 percent are nonwhite. 90 percent use the Internet at least occasionally, compared to 79 percent of boomers, and 75 percent use social networking sites, compared to only 30 percent of boomers. And, due to a flagging economy, they are less likely to be employed than previous generations were at their age. The unemployment rate for those ages 18-24 is nearly double the overall rate (16.3 percent compared to 8.8 percent). http://www.amazon.com/The-New-American-Retirement-System/dp/1461030072

HSBC bank put its advisors on salary

HSBC has taken a move that many in the industry have long considered unthinkable: it has put all of its advisors on salary. Under a new compensation structure, advisors are paid a salary plus a quarterly discretionary bonus, marking a huge shift from being paid solely on commission. All non-US advisors are salaried. But observers suspect that there are other reasons for the shift. Some say the desire to more closely align client and advisor interests may have prompted the change. Without commissions, the fear or perception that advisors are “churning/spinning accounts” or suggesting products and services merely to increase their production is removed. Some investors are getting the advice and then doing it themselves:http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

ER—the new health care system?

Record numbers of Americans are going to emergency rooms for dental treatment, which is straining the nation's health care system and increasing health care costs. Half the states have declined to expand Medicaid to the uninsured with federal dollars. Uninsured in these states will expand their use of the ER as their health care system. GOP lawmakers have provided no other option for the poor.

ObamaCare mandate delayed 1 year

The mandate would require most businesses with 50 or more full-time employees to provide health insurance meeting certain minimum criteria — or pay a penalty of $2,000 per worker. The purpose of the employer mandate is to discourage employers from dropping coverage and leaving employees to buy subsidized insurance in the Obamacare exchanges at greater taxpayer expense. The delay does not affect the individual mandate, the requirement that most Americans purchase insurance, nor does it halt the implementation of marketplaces where individuals and businesses can sign up for insurance coverage. 

GAO reports corporations enjoyed a 12.6% tax rate

This is far below the 35% tax that is the statutory rate imposed by the federal government on corporate profits. The report found that even when foreign, state, and local taxes were included, the tax rate of large companies rose only to 16.9 percent of total income, still well below the official 35 percent. Big companies are shouldering a smaller part of the overall tax burden than in the past. As a percentage of federal tax revenue, corporate taxes have fallen to 9 percent from more than 30 percent in the 1950s.

66% of US corporations pay NO tax. Working Americans are forced to close the gap as their average inflation-adjusted wages have fallen. Pay only your fair share: http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976/

SCAMS           “Deficits don’t matter” Republican godfather, Dick Cheney, 2002

Bankers gouge our soldiers for $6.5 millions

Obama’s new regulator, Consumer Financial Protection Bureau said it has ordered U.S. Bank and another company, Dealers' Financial Services, to refund a combined $6.5 million to more than 50,000 active duty service members to make up for failing to disclose fees and other costs on auto loans. Borrowers who were "often young and new to the car buying process."

Shame! Boycott U.S. Bank!

Obama’s new regulator OK with derivatives that could cost us taxpayers again!

Securities and Exchange Commission head, in her first commission vote, Ms. White led the commissioners in approving a proposal that, if finalized, could leave investors and taxpayers exposed to the ravages of reckless bank trading. Congress has a bill that would ask Obama to list the banks, foreign and domestic that could cause a system failure. http://www.nytimes.com/2013/05/06/opinion/a-disappointing-debut-at-the-sec.html?_r=0

Obama haters tell NFL not to help uninsured—and they comply

The league’s response came following receipt of a letter sent last week by two Republican Senators warning that the NFL could undermine its nonpartisan reputation by getting involved in an issue marked by “divisiveness and persistent unpopularity.”

“It is difficult to understand why an organization like yours would risk damaging its inclusive and apolitical brand by lending its name to (the ACA’s) promotion,” Sens. Mitch McConnell (R-Ky.) and John Cornyn (R-Texas) wrote in a letter to six major sports organizations, including the NFL and Major League Baseball.

Where are the pro-citizen Senators?

IAN

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