What did I do wrong? 10 financial mistakes you can fix today!
Are your …
Investments earning less than the market average of 10%?
Advisors taking fees without meeting your goals?
Trading costs and taxes eating up your profits?
Brokers not sticking with your investment policy?
Emotions freezing you out of the stock market?
You can correct these mistakes by using the time-tested strategy proven successful by Warren Buffett. $12.95 by Law Steeple, author, The Miracle of Compounding
Used 2010 car can save you 40% over new—same model
Quality is proven by owners who have used the car for 3 years. The JDPower Dependability survey shows you which car to buy and which to avoid. Unless you need a party talking point, a used Toyota will require HALF the cost to repair as a Land Rover, which is last on the list, just below Audi and Jaguar. Plus, Land Rover is now a Tata of India not of Britain . Check for Sandy flood damage before buying:
States with ‘stand your ground’ laws have doubled number homicides!!
Check your state law before you “shoot first” since your insurer may not cover your criminal or civil defense costs. Alabama (enacted: 2006) Alaska (enacted: 2011) Arizona (enacted:2006 ) Florida (enacted: 2005)Georgia (enacted:2006) Indiana (enacted: 2006) Kansas (enacted:2006) Kentucky (enacted:2006) Louisiana (enacted:2006) Michigan (enacted: 2006) Mississippi (enacted: 2006) Missouri (enacted: 2007) Montana (enacted: 2009) Nevada (enacted: 2011) New Hampshire (enacted:2011) North Carolina (enacted:2011) North Dakota (enacted: 2007) Ohio (enacted: 2008) Oklahoma (enacted:2006) Pennsylvania (enacted:2011) South Carolina (enacted: 2008) Tennessee (enacted: 2007) Texas (enacted: 2007) Utah (enacted:2010)West Virginia (enacted: 2008) Wisconsin (enacted: 2011)
The Sunshine State FL has used the law in over 200 cases to pardon or grant immunity to offenders, usually white. Stand your ground has certainly affected crime statistics. In 2010, five years after the first stand your ground law was enacted, ‘justifiable’homicides by civilians using firearms doubled in the states with stand your ground, whereas they fell or remained about the same in the states without it. http://www.amazon.com/Lawsuit-Insurance-need-right-policy/dp/1480061123
Two Americas —one for insured and one for uninsured
When the state-based insurance exchanges open next year under Obamacare, many Americans should finally have access to affordable insurance. But millions of others will most likely be left out in the cold and remain uninsured.
When the state-based insurance exchanges open next year under Obamacare, many Americans should finally have access to affordable insurance. But millions of others will most likely be left out in the cold and remain uninsured.
These folks -- mainly low-income adults in the 21 states that aren't expanding Medicaid -- will not be eligible for either the long-standing government health insurance program for the poor, or for premium subsidies in the new exchanges.
Some 4.9 million people will not be covered in 2016 if these states don't expand, according to the Urban Institute. Another 1.5 million uninsured are in six states that are considering expansion, but have yet to approve it.
Will the uninsured move to states with insurance benefits?
What is in a job title?
Based on its analysis of the country's top 10 insurance companies, CFA found price quotes that were as much as 40 percent higher for drivers with less education and lower-job status. "Lower - and moderate-income people should not be required to pay more, based on factors like education and occupation that have nothing at all to do with driving risk," said J. Robert Hunter, CFA's director of insurance. "These higher premiums are an important reason why many low and moderate income Americans drive uninsured." Use your ‘best’ job title and buy only what you need with ALL the discounts:http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Train driver kills 79 while on the phone
Spanish train operator talked while driving—like many motorists. Despite all the warnings about the dangers of talking or texting while driving, driver killed 79 people during the call!
How is your hospital rated?
Few make the top rating. The rates are risk-adjusted based on patient characteristics, such as age, gender, and other health conditions, including high blood pressure and diabetes. Consumer Reports used length of hospital stay after surgery as an indicator of patient well-being to determine who would get its coveted solid red circle. Community hospitals, which did better in this report, often refer their more complicated cases elsewhere. CR tried to get clinical data, but groups that collect it would not provide it.
GE says LTCi increase due—reviews product line
GE has to increase the price of products sold before 2002 to bring them closer to the break-even point; ask for smaller, relatively frequent increases on newer blocks of business; and introduce new products that are designed, underwritten and priced more carefully, CEO McInerney said. LTCI net operating income increased to $26 million, from $14 million. Individual LTCI sales fell to $38 million, from $53 million, and group sales fell to $5 million, from $7 million. Check alternatives first. http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X
Investors losing trust in advisors—fees just lower returns
Investors are having a hard time trusting their advisers, according to the Forgotten Investor Survey, a poll of 908 retail investors by State Street Corp.
As a group, financial advisers are trusted by a meager 15% of respondents, down from a third of respondents who trusted advisers in a similar survey conducted in 2012.
“The core of the problem is that investors don't believe the fees they're paying are commensurate with the return on their investments,” said Suzanne Duncan, global head of research at State Street 's Center for Applied Research. When asked about what advisers are failing to deliver, respondents said performance, unbiased and high-quality advice, and transparency. Advisors fees just drag returns: http://www.amazon.com/your-Wall-Street-Stock-traders/dp/1490533273
SCAMS “Deficits don’t matter” Republican godfather, Dick Cheney, 2002
Credit bureaus are not accountable to anyone--$18 million worth!
Ever try to fix errors in your credit report? Reports are used to decide if you get insurance and get hired. Finally, a lawsuit verdict of $18 million may help get credit bureaus to take care before they put bad things in our reports that are not ours. Congress needs change the way they do business. Credit bureaus profit from our data but are not accountable to anyone.http://www.ftc.gov/opa/2013/02/creditreport.shtm
Maybe $18 mil will get their attention and correct the errors.
Millions of our money goes to farmers illegally
The federal government pays millions of dollars in farm subsidies each year to farmers who have died, because the AgricultureDepartment lacks the proper controls to make sure the money it sends is going to the right people, a government audit has found. The Natural Resources Conservation Service, which oversees the Agriculture Department’s conservation programs, sent out $10.6 million in payments between 2008 and 2012 to more than 1,000 people who had been dead for more than a year, according to the report.
IAN
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