What kinds of fees do you pay to your advisors?

 

Are your 401k 403b plan costs fair?

It is your money and you are trusting in your employer to handle your cash well. More employers are being sued because their plan costs too much, is run poorly, or has no unbiased educational component. Over time, “that little 2 percent fee will erode 63 percent of what you would have had.” Some plans provide benefits to your employer hidden from you. For instance, Wells Fargo was caught charging employees more for Fargo stock than was available from the market. Some plans are so expensive; your nest egg is not growing as fast as it could be. And some plans offer biased information about investment options that favor the boss’s investment advisors. Kickbacks are common. The best plans don’t cost a lot, provide fair options and provide fiduciary compliant help to you not your employer. Some large mutual fund complexes offer small employers the tools to establish a great plan. If your employer is matching your contributions, that’s great. If there is no match, you can do better on your own. Use a long-term tax-FREE account so that every dollar you invest works for you not your employer or their (employers chose the plan investment advisors and administrator). They take their cut BEFORE gains get to your account. Usually they do not disclose the amount it costs you. 

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

 

How our representatives get rich using our insider information

Congress folks, who are supposed to do right by us, take advantage of secret meetings and information only they have to get and stay rich. They are above the law that makes insider information a crime if we do it. Martha Stewart went to prison for it. Congress gets more money for doing it. 97 lawmakers or their family members bought or sold financial assets over a three-year span in industries that could be affected by their legislative committee work. The most recent case: Sen. Richard Burr, R-N.C., told his broker to sell off more than a million dollars in stock because Covid would tank the markets. Burr called his brother-in-law, Gerald Fauth, who then sold off almost $160,000 in stock. Yes, you can work hard to pay Burr’s salary but you will never get this kind of deal. Congress makes the rule that allows them to trade on insider info but also the law that says you can’t. Getting rich the insider way, in Congress has been a long-time tradition since 1776. However ‘leading by moral corruption’ should not be the way of Congress people. And we have to pay their salary and Burr’s gains from our market losses. Just like in Russia, it’s socialism for the elites.

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

 

Study shows we don’t like inflation or market volatility

Gen Xers resist the idea of using a financial advisor. Forty-six percent of these investors said they prefer to have full control over their investment decisions, and 41% did not trust that financial advisors have their best interest in mind. Advisors do have a conflict of interest. Living off an annual fee of 1-2% plus taxes caused by frequent trading, advisors have a difficult time explaining why you pay fees on falling account balances. Despite the caution that you can lose money in any market, we don’t keep our eyes on the long-term rise in equity prices and dividends. It is hard to remember the trend of assets over time as show in this chart from Dalbar. Low-cost stock index funds reflect the fact that equities return over 11% per year on average. As one analyst said: for long-term investors this is certainly the time to accumulate.” Money management can take up to 63 percent of what you would have had. As Vanguard founder John Bogle puts it, “the tyranny of compounding costs” is overwhelming. Advisors take our money. The Dalbar data show that the average investor keeps only 3.79% after fees, trading, market timing errors.

Buy stocks not advisors. https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

 

What kinds of fees do you pay to your advisors?

You may be paying an annual percentage fee. If your account is $500,000, you pay 1-2% ($10,000) a year, taken quarterly. Advisor says: ‘There is no front-end charge or back-end load that needs to be amortized. You have flexibility.’ In other words you can trade to your heart’s content even though that creates taxes for you. You may like to have fees spelled out in advance. Securities have commissions and some have mark ups or spreads or ‘hair cuts’. Over time, “that little 2 percent fee will erode 63 percent of what you would have had.” You are paying retail not wholesale so you may never know how much your transactions cost. Brokerage firms charge ATM fees and advisors say your 1-2% annual fee is less than your ATM single transaction fee. Advisors claim your 1-2% annual fee covers all the no cost advice you receive all year. However, if you call for advice too often, you will find the advisor will stop returning your calls. They may give your account to another person. Every firm has their own charge schedule so always ask for the cost before you consult your advisor. Your alternative is to use low-cost leader Vanguard, whose funds are owned by its investors—no private owner.

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

 

Your alternative to life insurance

Most folks want to leave something to their family: a legacy. Life insurance pays a benefit to beneficiaries at death. Life insurance for most families is necessary during formative years. It provides income to family left penniless if the breadwinner dies suddenly. However, times change and fewer single breadwinners die young. Today term insurance may be provided by your employer. Today, many families have two working adults. Many have mutual fund retirement plans from employers. Even if your employer does not offer a retirement plan, you can create your own. Your mutual funds or brokerage account can pass to your beneficiaries just like life insurance. Unlike insurance, you don’t have to die to redirect your money for emergencies. Since Social Security does not cover everything in retirement, you may need your ‘legacy’ money to live on. Like life insurance, your legacy can go to heirs without going through a will’s probate process. Your family may collect in lump sum within a month or they can use an annuity-type monthly payment. You decide how to spend your money to the end.

Tax-deferred or tax-FREE: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

 

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

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

 

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'

 

 

Nov 8 2022 Trump’s “national revolution”

 

Jan 2025 Dictator pardons himself

 

How Govt wastes our money:

FL judge says Trump case against Hillary: “such pleadings waste judicial resources”

GOP leaders to pick electors not voters: GOP to outlaw state courts district decisions

Christian nationalism: TX judge cuts employer-sponsored insurance for preventions

 

Trump’s master can kill stolen-secrets investigation: “special rules” bec powerful person

Trump got Barr to fire Fed prosecutor Berman: eliminates threat to 2020 reelection

Trump may have already sold/traded top secrets he stole: 20 months to make a deal.

 

TX Attorney General sued for prosecuting anyone assisting choice folks

97 lawmakers/family traded assets on info affected by their legislative committee work.

IRS program to capture hidden wealthy taxes of $6.5 billion squashed by Congress

IRS is refunding a staggering $1.2 billion in late filing fees: your share of debt $145,191

 

 

Navy still claims UFO videos not available bec “national security”: our spaceship secret?

 

SCAMS/SPINS:

Police chiefs now claim never signed up for terrorist group: “friend signed” him up

17 Trump lawyers now subject to ethics violations: no pay and possibly disbarred

Eric Trump: “nobody has done more for Christianity” freedom: Let’s tell Jesus

Politicians destroying Jesus message for voter attention: versions of hate not love

 

POLL: 31% believe U.S. could be invaded by a foreign power in the next decade. 

Giuliani: September 11, 2001 being the “greatest day” of his life. Defending Trump 2^nd

"constitutional sheriffs" are taking sides: Trump’s ‘Big lie’ spread by public officials

CA sheriff gives you a gun for donation: donors trade money for LA packing license

 

Another Trump terrorist goes to jail for a couple of months: Robert Keith Packer

30+ Trumpists behind failed coup got subpoenas this week: “quiet period” starts soon

Trump apologist explains the crimes Trump committed … so far: selling gov secrets

NY prosecutor may go after Trump’s family to resolve fraud charges: like mob cases

 

Instagram caught failing to protect children’s data: fine by Ireland

Navient caught failed to steer teachers with student loans to loan-forgiveness programs.

Scott Adam Brander caught cherry picking trades give clients losers; fine, no jail

Marc Frankel CA caught with stolen funds for personal expenses: discretionary rights

Ambassador Advisors caught breaching fiduciary duties: receipt of 12b-1 fee revenue.

 

SCAM: thieves use your Facebook info to get your friends to fall for ‘government grant’

SCAM: gas prices down 25%: did Exxon, Saudis, find oil? Ukraine beat Russia? Fraud!

SCAM: some nursing homes charge people who signed admissions: it’s not your debt

Scams are showing up at the top of online searches: never click the link: go directly

 

SCAM: fraud alert from your bank about unusual activity: call from ‘bank’: use Zelle.

 

SCAM: avoid being gouged when you’re most vulnerable: a funeral of loved one

Wells Fargo caught overcharging employee plan for company stock. Fine, no jail 

Avoid overpaying for senior dental care: Medicare alternatives

IRS letter: don’t ignore; read and respond: IRS doesn’t call or text so hacker?

 

BEWARE: Auto-drive cars & AI systems are trained by biased whites blind to non white 

Two Americas: St. Louis’ Private Police: Security for the Rich

Rape victim gets prison sentence for fighting and killing her rapist: $150K to rapist estate

 

GOP to make women’s choice a national crime: national ban on women’s health clinics

 

Jobs

10 jobs recovered from pandemic

FL school children getting lessons in Ooh Ra language: Florida turns to military veterans

King hides out in a Transylvanian cottage: fixer upper bought ’98; Camilla secret meet  

 

Good jobs that don’t require a college degree: fly, manage, meet, talk

Avoiding the job scams that have robbed us of $68 million YTD

 

Who owns your account now?

Cruise ship experience vs expectations: BEWARE, you need many dollars for fantasy.

Best prepaid phone plans: $10 a month, $120 year,

Social Security cost-of-living adjustment, or COLA, for 2023 could be 8.7%,

 

IBM purchased annuities to transfer a total of $16 billion in U.S. pensions

Can’t read your car’s manual: Stellantis owns Chrysler, Fiat, Jeep, Ram, Peugeot, Citroën

 

Miracles:

Galleri blood test finds cancers; could detect pancreatic, colorectal cancers 50 more

British monarchy’s reign over the colonies may end with new sovereign: change

More states have exempting military retirement pay from state income tax liability

 

Jurassic dinosaur fossil will go up for auction in Paris: buy $½ million plus

A kindness list: small random acts of kindness keep us sane and human

Some Nuns and Bishops Are Taking on the U.S.'s Biggest Gunmaker.

 

Insurers force change on police departments long resistant to it: killing is expensive

Special benefits during Covid helped lower child poverty rate to 5.2% lowest on record. 

Wow victim must pay attacker estate $150K: folks donated $400,000 to help her out

 

CA condor is back from near extinction: 130 year return program

 

 

@

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!

There is no TIME at this level because of force fields come and go in all directions. 

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/

 

What is your investment account benchmark?

 

Stock market too high for you?

Many investors are anticipating a correction (drop) in stocks because they have been going up for so long and the Covid-19 resurgence. If this is your concern and you do not believe our economy has stopped growing, a less volatile sanctuary in these times is the Vanguard Wellesley Income Fund. This 40 year-old, income-oriented balanced fund offers exposure to stocks and investment-grade bonds. Balanced funds typically offer a higher allocation to stocks; however, this fund is unique in allocating about one-third to stocks and two-thirds to bonds. With a low annual expense ratio and long-term (1970) return of 9.7%, this fund helps you sleep at night during this period. The year to date return of 7.5% and the 3-year results of 11.8% mean you are participating in this boom while not likely to fall off the coming cliff. In 2008, when the market fell 37%, this fund was down only 9.8%. It quickly recovered its steady returns to over 7% per year.

Use Vanguard’s best: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

 

What is your investment account benchmark?

Without a benchmark, how do you know your advisor is not ripping you off? Everyone has a benchmark even if your advisor has not provided this information. Some don’t provide it because it may make them look bad. For instance, if your 401k money is invested in the stock market, you should have grown your nest egg by 30, 20, or 11% over the last few years. In fact you can use this calculator to know exactly how much your money grew over any given period of time. The long-term return is about 11% before inflation but in the last year you should have increased your account by over 36%. Your advisor should provide you with your funds’ returns over time with the market benchmarks side by side as Vanguard does. If you are invested in a Target Date fund like Vanguard’s 2065, your returns are shown with the benchmark composite of the stock/bond mix your plan manager is using. If you are being overcharged, over time you could be giving up 50% of the potential value of your money. John Bogle did the analysis to start the Vanguard Group and the low-cost money management revolution.

Make sure you are not robbed: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

 

How to improve your credit: don’t get blindsided

This course shows you how to get and maintain one of the most important financial traits you can have. You can negotiate a lower cost of renting, car loans, home loans, home equity loans, utility and phone bills, insurance rates, and many other products you need. The course is in short modules so you can go at your own pace. You learn what hurts and what helps your situation. You learn when to ask for help. There are steps to improve your credit that you can take today. Keep track of your credit reports each year so you can remove the negative that appears in almost everyone’s history. Reports are FREE.

Save on all products: https://www.amazon.com/Tricks-Trade-Mutual-Insurance-Annuities/dp/1535497289

 

How to invest for retirement in 21^st Century

Unless your family has provided a legacy for you, you need to create your own retirement income. Unless you plan on creating a new Apple, Amazon, Microsoft or Google, you need to build wealth in the new system—Tax-FREE Wealth Reserve. If your employer matches your contributions to a 401k, take the money and invest in the right plan options. If not, skip the employer plan and set up your own automatic payday contribution plan with a low-cost custodial account provider. Time is the key to amassing the new Wealth Reserve system. To reach a decent retirement income, you must use stocks or stock funds. This will assure you of beating inflation and average returns of at least 11% annually. At that rate, you can create a Tax-FREE account worth over $1,000,000. That amount will provide a substantial supplement to your SS benefits for 30-40 years of retirement. SS Trust Fund is projected to become depleted in 2033, one year sooner than last year’s estimate, with 76 percent of benefits payable at that time. There are no guarantees but this method is your best chance of success. And you don’t need to give up HALF your earnings in advisor fees and charges.

Go Tax-FREE: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

 

Why financial literacy in HS does not produce smart buyers

I have found that folks learn money management only when they need to use it. They are open to learning how to get a loan or invest wisely only when they are ready. HS kids are usually focused on getting a date or getting drunk or getting a scholarship. They learn how to buy loan, car, insurance, etc when they need to AFTER HS. When I got my first real job, the lady in charge of HR paperwork told me to enroll in the Stable Value Fund--the worst 401k option--Stable Value Fund is like bank savings account earning 1-2%. When you are young you should be in 100% stock funds but the employers do not want to be sued for employees losing money in the first years. For the same reason high schools never teach that stocks go up at 11% over time. Students ignore advice: investing is about TIME not get-rich-quick schemes. Teens are not interested in literacy. They want to know how to get $20,000 to buy that sports car or their Spring break vacations. 

Fix it now: https://www.amazon.com/Tune-your-401k-EARN-Tax-FREE/dp/1490591028

 

Buffett recommendations for investments in retirement

What is one of the world's greatest investor's retirement advice? Use 2 Vanguard funds for your retirement income. You avoid “high-fee managers” and the high cost of trading.  Warren Buffett's legal will provides for his family by directing that his cash assets be invested in just two Vanguard funds: One will provide cash for the coming year and the other will provide for a sound future. The best way to protect your family's future is to be invested in the stock market: Pure and simple. When you have stock assets, your money compounds at higher rates when your account fees are 0.01-0.05%, not the retail rates of 1.5-3%. You don't have to settle for retail products that are structured to provide a Wall Street firm with higher revenues. The average investor earns just 3.79%, not the 10-12% market rates according to the DALBAR record keeper. A simple plan can save you the pain of retirement income blues. Retirees regret a little saving and planning workout.

Buffett’s simple plan: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

BMW highest loss in value in 5 years

High depreciation in value means poor trade-in sale value when you go for a new ride. You will find these 10 cars are worth only 30% of what you paid for them: you lose over 70%. Luxury cars see their value quickly fade in part because they have expensive features and technology that used-car shoppers do not value. Repairs are outrageous. Luxury wheels on lease are a favorite business expense by owners since they are deductible and can be renewed easily. The flip side is that a 5-year-old Audi, Volvo, Benz, or Maserati may be a great bargain. However, when you check on the reliability and cost of repairs, you may have a disaster instead. Check the cost of insurance too.

Buy only what you need: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

 

**********ACCOUNTABILITY**************

 

 

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

 

 

Our Jan 6 ‘Truth and Reconciliation Commission’

 

Contempt of Congress to Trump?

 

Lawmakers encouraged terrorists?

 

US terrorists smile at Taliban win

 

How Govt wastes our money:

Finally, common sense in FL: stop filling hospitals with Covid cases. Judge: wear masks

 

Get it for the kids: Pediatric COVID-19 Cases Are Surging, Pushing Hospitals to limit

650,000 deaths still don’t convince the anti-vaxxers: ideology still strong: Trump booed

Covid cancels EU vacations: ONLY US vax travelers wanted in Europe this year

 

Recall troops from Japan Germany Korea 177 countries: domestic terrorist greater threat  

NY pays $9.5 million to lawyers representing and investigating Cuomo: sex harassment

Corp lobbyists to determine who wins in economic recovery: drug prices, fair taxes issues

 

 

SCAMS/SPINS:

FL Covid survivor goes home: finds husband decomposing with Covid: Gov to blame?

TN school district closes schools for Covid:  TN fired Covid expert for pushing vax

Teacher took off mask to read-aloud: within days, half her class was positive for Covid

 

America’s Frontline Doctors caught profiting from fake Covid drug for de-worming cows

GA cop anti-vax Facebook; took de-wormer; died of Covid virus; ivermectin poisonings

FL radio host Mr Bernier "Mr. Anti-Vax" criticized vaccine died of the coronavirus

FL punishes schools for wearing masks to protect children: no ‘freedom’ from Ron’s ban

Wife gets OH judge to order hospital to give husband de-wormer: life insurance benefit?

FL ‘cooks’ the Covid death books to show “artificial decline” in deaths: state Health Dept

 

GOP wants more US troops to die in Afghanistan: Wasted 20 years; $2.2 Trillion already

Trump made the deal; Biden takes blame for leaving Afghans; 13 more Americans die

GOP Gaetz described the Taliban as “more legitimate than the last gov or our gov here”

 

 

GOP calling for blood in next election: since election rigged/stolen; so “bloodshed” used

TX encourages citizens collect bounties for abortion ban: $10,000 per fetus found

TX bans women’s choice; voter’s choice; race education choice: white Taliban country?

Fox Carlson on Taliban: “They like the patriarchy. Some of their women like it too.”

 

Philip Morris will give you cancer and sell you the treatmeant: “Beyond Nicotine” 

 

Jason Bullard Angela Romero-Bullard caught $17.6M Ponzi currency trading 12% return

Cetera, Cambridge, KMS caught put client data at risk with poor cyber protections fined

J.W. Cole Advisors FL breached fiduciary duty: sold higher fee shares: failed to advise

Some colleges adding cost of no attendance to tuition: may not cover Covid absence

Some hospitals charge us MORE with insurance than cash price: tricks for profits

George Constantine Marc Elefant Andrew Dowd Sady Ribeiro caught fake fall $31 mil fraud

Charles Sebesta chairman stole $11 million LA Christian Science and school

 

 

Tesla auto pilot attracted to police flashing lights: nearly hits driver then car 

Extensive Corrosion in Collapsed Condo video shows engineers “powdered concrete”

GA DA indicted in investigation of killing of Ahmaud Arbery, jogger killed by 2 whites

 

Can you tell a scam from a fact? Easy tutorials here

 

Jobs

Many folks are NOT retiring: good reasons to keep doing your routine

Teacher pay by level and state: $44,000 to $86,000

Amazon.com is planning to hire 55,000 people for corporate and technology roles

 

Who owns your account now?

Best Smoke and Carbon Monoxide Detectors 

Mobile driver’s license and state ID initiative with Apple and 8 states: airport OK

Home prices double: $357,900 for median (half above; half below)

 

Miracles:

Egypt’s Ibrahim Hamadtou lost both arms— now, at 48, he’s a 2-time Paralympian.

Age of Stupidity? Vax for Virus; Earth overheats; US civil ideology war; inequality

Weather disasters are now far more frequent and costly but less deadly,

 

New Yorker keeps cougar as ‘pet’ in apartment: cute pet 11 months ago

LA state workers save someone’s cow in tree: IDA did it!

 

Molecule in Brazilian viper venom can inhibit virus to multiply by 75% in monkeys

 

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

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

 

 

Can bull market continue?

 

Most employers are charging you too much for their 401k

Nearly one-third of investors believe they do not pay any fees or expenses at all for their investment accounts or they don’t know how much they are paying. Thirty-seven percent of people with a 401k told TD Ameritrade they didn’t think they paid any fees at all. My former industry has been hiding financial advice and product fees from us all our lives. Since employers should be helping us reach our retirement goals (since they don’t provide pensions anymore), they should be charging us zero. Instead they have not made it easy to decipher 401k 403b plan documents. They are written by legal scholars to protect employers, not help us understand how much we are losing over time. Paying 2% in investment, plan and services fees “will erode 63 percent of what you would have had.” Even worse, if you are using a variable annuity, you may be charged 7%. Small employers often use variable annuities from an insurance agent since this costs your boss nothing. Consider low-cost alternatives: https://www.amazon.com/Your-Pension-Box-tax-FREE-employer/dp/1481945157

 

 

How assets build your Wealth Reserve

Over time, using a low-cost stock mutual fund, you can create your retirement nest egg. And if you use your IRS-approved investment account, you can spend it all without federal and state income taxes. We call this account a Wealth Reserve because after accumulating your assets for a number of years, you can use your reserves to save on insurance premiums and credit card interest. Debt is the biggest wealth killer. Mortgage debt works because it is tax-advantaged for a large asset that “grows by itself.” We use a low-cost stock mutual fund because we can overcome advisor fees and inflation. The Miracle of Compounding helps us convert $250 a month, $3000 a year, into $1,000,000 in about 33 years. After 15, years you can borrow from your Wealth Reserve to buy a used luxury car. If you make the payments back to your Wealth Reserve instead of paying a car loan interest, you can fund a business start-up. The sooner you begin the sooner you can accomplish all your financial goals. dalbar.com/Portals/dalbar/cache/News/PressReleases/DALBAR%20 Pinpoints%20Investor%20Pain%202015.pdf

Start your Wealth Reserve today: https://www.amazon.com/New-American-Retirement-System-Wealth-ReserveTM/dp/1461030072

 

Is a “direct indexing” product right for you?

A direct indexing product is a ‘low-cost’, highly customizable, separately managed account. Your advisor personalizes your portfolio of stocks. It attempts to replicate the performance of an index by purchasing the underlying individual equities instead of using an ETF or mutual fund. So you are paying for each trade (500 index, for instance) instead of just buying the low-cost no commission alternative. There are thousands of index funds already; having your advisor re-create the wheel seems stupid and expensive. One of the benefits, according to one money manager, is that “you can buy part of a share that costs a lot, like Google or Amazon.” But you can do that already via any online broker, even at Vanguard. It is difficult to see how buying and maintaining 500 stocks individually commissioned can be cheaper than using a mutual fund costing 0.04% like the 500 Index. One broker claims that "This concept was developed when the research showed that the active manager fails to beat the market the vast majority of the time, so investors have a higher probability of success if they just own the index," according to one advocate. Tax harvesting, ethical stocks and reduced risk are the benefits, he says. Sounds like Wall Street has come up with another trick marketing scheme to sell managed portfolio management for a fee to ‘compete’ with simple low-cost index funds.

Use real indexing: https://www.amazon.com/Millennials-Investment-Strategy-BEST-journey/dp/1533079242

 

Can the stock market continue to hit new highs?

When the market produces average annual gains of 15.59% since 2009, you must ask how much longer can this continue? The long-term average is 10-12% depending on the period. Every honest advisor and economist (not on TV) will admit they don’t know what will happen. So we all face the same dilemma: hold or try to time the market. Option 1: hold your assets where they are. This requires patience when the market goes down and up. And ‘patience’ is what Warren Buffett advises: "The market is a way to transfer money from the impatient to the patient." Over most periods of time, compounding works best when you don’t trade or re-balance your portfolio. Option 2: Trading requires that you know when the market is at a high point and again when the market is at a low point. You must be right twice. No amateur or professional has been able to know those points over any period of time. Buffett has held some stocks forever: “our holding period is forever.” Since we don’t know when to sell and re-buy, the best strategy is to do nothing—be patient—stocks will rebound. Where else can you put your money? There  is no better asset for the long-term. Fidelity analyzed the outcomes of their long-term investors and found the non-trader accounts had the best investment successes. In fact, the best outcomes were in accounts that were forgotten or the owners had died. Face it; no one can know the future.

“Know thyself:” https://www.amazon.com/Meek-Patient-Shall-Inherit-Earth/dp/1492869538

 

 

**********ACCOUNTABILITY**************

 

 

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

 

 

Our Jan 6 ‘Truth and Reconciliation Commission’

 

Terrorist gets 8 months for coup attempt

 

GOP big lie: Trump ‘won’: repeat repeat repeat: new “TRUTH”

 

 

 

How Govt wastes our money:

Gov spyware for terrorists put on phones of reporters, human rights, execs, pols, officers

“From a dozen countries, you can spy on the rest of the world.” Gov buys info on anyone.

Millionaire GOP drops IRS audit funding bill: wealthy free to hide income; we pay more

Jeff uses his tax avoidance for $5.5 Billion ride: Amazon pays 0% tax; we pay 32.9%

 

How a society treats its elderly tells you all you need to know about its human values

Biden lets Trumpist Wilbur Ross escape after lying to Congress: Biden’s wrong message

Judge halts Arkansas ban on abortions: “imminent threat” to women constitutional rights

 

SCAMS/SPINS:

We train assassins for the world: we help nations kill people

Terrorists go to the game; to the fire;  Some terrorists named heroes.

Texas stops teaching that Ku Klux Klan was morally wrong: racist culture in TX

 

Jeff could have paid a bonus for every unvax person to get the vax: we all live longer

Trump told America Covid was hoax but got vax himself: now ½ of us on death watch

Covid cases rose 140% in the past two weeks: our health going in wrong direction

Year late, McConnell urges vax after watches 610,000 die: too little too late Mr Hannity

Covid carrier boards plane as woman in ni·qab so he can fly: easier to get vax?

Texas hospital reported its first case of the Lambda COVID-19 variant

LA: On Wednesday, 2,551 new infections were recorded among non-vac people

 

Crypto market Binance has no complaint center so buyer beware: FTC can’t help you

Same price but get less: downsizing raises profits/CEO pay or just raise prices for CEO $

 

Scammers keep our scam money: Supremes vote against recovery: where is Congress?

Rental car scams: demand high; supply low: prices rise. Beware low price scammers.

MoneyGram scam refunds: 300,000 complaints to FTC.

Food package dates: we waste more food than the world combined.

 

UBS caught selling inappropriate funds: ETP linked to short-term market volatility: fine

BlackRock managers take $4.82 billion from higher fees from 15% market gain: no sweat

Joy and Brent Kovar caught stealing from 277 clients: offering “massive returns”  crypto

 

Jobs

Fake job scams have skyrocketed: check sent to set up is fake so they can empty account

Since July 2009, when the $7.25 minimum went into effect, it has lost 18% of its value

NFL requires vax so some players may quit: $ millions at stake: hurting teammates?

 

Who owns your account now?

Your iphone is vulnerable despite Apple claims: “hacked multiple times with Pegasus”

Retirement plan business of Prudential Financial to Empower Retirement

Medicare cost and payment problems: report shows areas of concern

 

 

 

Miracles:

Court rules kids in US can buy and use guns: “teens used to serve in militias in 1791”

Fire so overwhelming it’s creating its own weather: OR burns area larger than LA

 

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

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