Your Unbiased Advisor: avoid money bias

Showing posts with label avoid money bias. Show all posts

Friday, January 13, 2023

“A balanced portfolio still offers the best chance of success”

Vanguard: “A balanced portfolio still offers the best chance of success”

Tradition offers the balanced advice. History says EMM and Small Cap follows decline for large stocks. But any smart market watcher must admit it is difficult if not impossible to time the market. The balanced portfolio with some tilting provides fair returns over time. Some older readers overweight the more stable Vanguard funds like Wellesley Income since it has proven a 9% plus return for a long time. Most notable for my readers’ favorite funds is the fact that costs are much less than a Wall Street firm portfolio.

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/

Don’t waste your money on these expenses

Advisors don’t know what will happen in 2023 and beyond so don’t waste that 1-2% on quarterly fees, market timing schemes, or firm’s “special circumstance” stocks. If these folks were consistently picking winners, timing or lowering fees, we would all know about it. Big banks fire investment strategists. Financial writers recommend gold as a hedge, home/car warranties as protection, and consolidating debt as 2023 money moves. These are money wasters. My readers have found that cost of financial services is the best predictor of success: pay less; keep more. This is why Warren Buffett recommends buy and hold a low-cost market index fund for everyone who does not have his investing prowess. He is wealthy. His advice is FREE.

https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

New Years Resolutions: avoid financial mistakes

It is easy to get into trouble financially. Once you have a credit card you will use it and may run up debt. We have all done it but at 29% interest, it would take 5 years and $317 per month to pay the $9,045 interest and original $10,000. You pay double only IF you cut the card. If you are also paying off a student debt, you might lose your credit score. If you buy a car/house that requires continuous care, you might be over your head. Same if you quit a job before you have another or stayed at an old one too long. Raises don’t keep up with cost increases. Adequate car and term life insurance is all you need for protection. Phone service deals may help you. As Consumer Reports repeatedly warns, many extended auto-warranty policies are a bad deal. A review by Consumers’ Checkbook of home warranty plans found they rarely are worth the price or hassle. Better to invest for a rainy day: $317 a month for 5 years in a low-cost market index will provide about $25,000.

https://www.amazon.com/Simple-Financial-Life-stop-paycheck-paycheck/dp/1441499326/

Investment strategies to fund long-term retirement expenses

There are 4 styles of investment during the long retirement spending period according to the research of Murguia and Pfau. Four of the broad strategies identified include a total return preference, in which a person spends systematically from a diversified investment portfolio focused on total returns; an income protection preference that involves building a lifetime income floor with fixed annuities; a risk wrap approach, which builds a lifetime income floor with variable annuities offering lifetime withdrawal benefits wrapped around a risk-based portfolio; and a time segmentation preference that resembles a bucketing strategy that uses less volatile assets for shorter-term expenses and riskier assets offering higher growth potential for longer-term expenses. According to Murguia and Pfau, approximately 35% of individuals between ages 50 and 80 identified most closely with the income protection approach. This is followed by 33% who preferred a total return approach, 17% who preferred time segmentation and 15% who favored a risk wrap strategy. “With this distribution of preferences, it is misguided to narrowly promote one type of retirement strategy as above others,” Murguia and Pfau conclude. Warren Buffett has specified in his will how his heirs should follow a strategy that resembles the bucketing strategy: One will provide cash for the coming year and the other will provide a sound future. Most of us have annuity-type income floors in SS and RMDs funding.

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

?**********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

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 limit” J6 comm threat

January 6, 2021 “A 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’

Jan 2025 Dictator pardons himself: his Supremes agree

How Govt wastes our money:

GOP governs with big caveat: any House Rep will leverage Speaker to do deals

GOP targets Biden talks with Tech re: bullying right-wing on Covid, etc

McCarthy to investigate the rise of the Chinese Communist Party: read history?

House of Bizarre Behavior: cut SS benefits for deficit; IRS can’t catch tax avoiders

GOP to make it impossible to raise tax rates on wealthy: GOP’s new rules

IRS audited poor for small dollars; millionaires left alone to avoid taxes

SCAMS/SPINS:

GOP childishness: Right demands cut spending/balance budget: SS/Medicare cuts

GOP serious: Democratic officials in New Mexico shot in office and at home

GOP to look for the “deep state”: FBI, CIA, intelligence, new “McCarthy ism”

Southern GOP gets “red-necked” over political purity: McCarthy inspires conspiracy

GOP limits ethics investigation of GOP coup enablers

American public no longer believes the Supreme Court is impartial

What kind of society allows a 6 year old to shoot teacher with gun from home?

Can GOP leader be brought to justice? How many laws can he break and walk?

Don will bring fireworks back when he is reinstalled at WH: the delusion continues

Supremes: NY must let everyone even 6 year old use guns everywhere even church

Judge: bump stock is legal to kill like a machine gun since not a machine gun

Navy: US may be running out of weapons: contractors charge more overnight delivery

Religious "medical cost-sharing plan" costs $160,000 for operation: junk “insurance”

Jennifer Shah UT caught $9.5 mil fraud endorsed “little or no value” products: jail 11yr

7 Things That Damage Your Credit Score: Closing a credit card account

Trump org caught criminal tax fraud costs only $1.6 million; 0.0001% of wealth, no jail

Forster & Garbus caught illegal debt-collection practices: no doc suits of Discover Citi

Charles Richard Burgess caught fleecing investors $4 million Ponzi promised 10%: jail

City National Bank caught relining Black and Latino communities: fine, no jail

Scam companies use Fed names to trick us to give biz details used to scam us

GOP says Biden’s CPSC will take away our gas stoves: Lie like Obama is not American

Biden asked “how could anyone be so irresponsible with secret docs”: Everyone has docs

Do we really want gamers to be playing games while driving? Cars as entertainment?

Drivers with drive assist features get lazy: allow car to drive itself: eat, text, stop focus

Driver falls asleep on autopilot: driver finally woke up to stop for cops: suspended license

Jobs

The happiest, least stressful, most meaningful jobs in America

public charging station tech, infrastructure, EV mechanic

15 of the Fastest-Growing Jobs Today: job highlights of 2023

Jobs created by new businesses

Make a change soon: 15-jobs-that-will-shrink-the-fastest-over-the-next-decade

Who owns your account now?

10 Least Satisfying Cars, According to Consumer Reports

Best emergency fund rates

Transform 529 plan Roth transfers into estate planning vehicles: keep more

File IRS tax return Jan 23 free efile; Last year, the average refund issued was $3,176.

FAA shuts all US flights down after bug got in 30 year old software: terrorists?

Miracles:

Some towns help citizens stay out of medical bankruptcy

Earth's ozone layer is slowly but noticeably healing

People with type 1 diabetes offered an artificial pancreas, “holy grail” for the disease.

Nature: Alps from Golden Eagle perspective: Awesome!’

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.

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 election itself.

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

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

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/

Friday, March 11, 2022

Why are more people moving their money to Vanguard?

Vanguard has taken in every 1 in 3 dollars in 2021. Folks are realizing that paying advisors a big chunk of their earnings every quarter over the 20 to 30 years of investing means they are giving away over 50% of their money. For the average investor contributing $3,000 a year or more, that’s over $250,000 to $400,000 total fees. That means those who pay an advisor are ending up with $400,000 instead of $800,000 or more. When we start out investing and paying 2% of our $3,000 for “personal portfolio guidance,” we feel good we are getting a good deal. However, later, we don’t realize that 2% of AUM “assets under management” as they call it, takes $8,000 to 16,000 every year. Advisors are not required to tell us what their fees will cost us over time. If we earned $200,000 like we did in the market last year, we don’t mind giving up $16,000. However, in 2022, the story will be very different. We would still have to pay the $16,000 even if our advisor did not increase our account one PENNY. Many folks have learned that COSTS matter: 3.79% vs 11%. The best predictor of investment success is cost. Earn 6% pay 2%; inflation takes 3% so keep 1%.

Keep more: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082/

Which market sectors will help your retirement income?

Wouldn't it be great to find just ten mutual funds you could count on for your whole life? Think of it: Ten funds that earn over 10% a year that you could keep investing in from your youth and use for income and growth in retirement for the rest of your life. You wouldn't need a broker since you wouldn't be selling and buying 'hot' securities. You wouldn't need to worry about what the market was doing at any given time. You wouldn't need to worry about buying the next Apple or Google—you own them all. You wouldn't need to worry about having enough in retirement. The facts are in: 1. “The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett 2. Buffett also said: We continue to make more money when snoring than when active. berkshirehathaway.com/letters/1996 And "My wealth has come from a combination of living in America, some lucky genes, and compound interest." 3. The average investor earned just 3.79% while a stock market index earned over 11% over the last 30 years DALBAR’s annual Qualitative Analysis of Investor Behavior 4. Morningstar proved that Wall Street is wrong: “In every single time period and data point tested, low-cost funds beat high-cost funds.” What does Buffett recommend we do? He told Reuters: "A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money." Mr Buffett's strategy of patience has proven to be the most successful. He recommends using Vanguard funds. It takes 1 hour to set up an account for each of you. And your income can be tax-FREE!

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

$73 Trillion of wealthy-people money is never taxed

We will have to pay their taxes. The top 1.5% families will enlarge the wealth gap between us and their kids and it will be done tax-FREE. The middle class will shrink even more. Our reps have not been able to get Congress to reverse the 2017 fundamental tax change. The promise of America as a ‘class-less’ society ends with the return of the Gilded Age. In some cities, they have already started to “de-annex” their gated communities. Revenue collected from the estate/gift levy plunged by more than half in the span of two years, with just 1,275 families paying $9.3 billion in 2020, according to Internal Revenue Service data. Grantor trusts exploit a long-standing loophole that House Democrats had proposed closing before the provision was deleted from the Build Back Better package. Since the Trump/GOP tax breaks, the national debt has not been reduced as promised by increases in national production/investment as promised. The increase in wealth of the top 1% families will not be captured. The debt will be passed to us the remaining tax payers. The rich get all the tax breaks: Socialism for the Rich. We have one way to avoid having to pay their taxes in the future.

Use the only legal tax haven: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

Have you taught your child how to make tax-FREE money?

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. I have used this 'Wealth Reserve' as I call it to have funds to use low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in retirement supplement. Now your child can build an account that provides tax-FREE retirement income too.

Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

How to invest in uncertain times: war, inflation, job changes

When will life get back to normal? Well it might not happen soon or ever. Paid forecasters and money managers always have an answer but we know down deep there is no correct answer. This means we have to be ready for whatever happens. When markets are volatile and high earnings are not assured, we have to control what we can control. We can control what we pay for a stock or stock or bond fund. We can control how much to pay for transactions. We can control what we pay for advice if we need it. Over and over, those unbiased folks (not salespeople) tell us that frequent trading—trying to time the market for better results—does not work. Sure, there are some folks who can show us their great results for the recent past—the last 1, 3 years. However, we are not looking in the past for the future great results. Here is all we know. Fidelity looked at client accounts that did the best. They were the ones who forgot about their account. DALBAR, the investor-tracking-markets firm looked at the actual outcomes of advisor managed funds and found the best outcome was a low cost index fund. Finally, Warren Buffett bet on the Vanguard 500 Index fund over 5 specially chosen hedge funds. The Vanguard Index won. It is the low-cost broad index that can provide 11% a year over time.

Buffett makes it simple: https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900/

Using tax-managed retirement funds is essential to survive

Sixty-three percent of Americans don’t understand how their 401(k) works, and 81% don’t know how much they’ll need in retirement, according to a survey from Bank of America. This survey does not tell us how old the owners are so the results may be normal. When we start working in a company that offers 401k, we don’t understand more than it is a retirement account that delays taxes on part of our income. Oh, we also remember that the company will match our contributions. Of course, no one knows how much they will need in retirement. We just started working so we aren’t supposed to know about retirement yet. On the other hand, if those who answer were age 65 or near retirement, they will soon find out that no one knows how much they will need in retirement until they are in it. Most people don’t have a high-cost financial advisor who may know how to estimate their income. Most people haven’t decided on when to take Social Security. Nor do they know how much income they can take from their nest egg to make it last to age 90. No one knows what their market portfolio will earn since they don’t know which blend of stocks and bonds is right for them. They don’t realize how much of their investment earnings they will be giving up to their advisor over time. Most will only keep HALF what their money earns. Most people don’t know if they will have two incomes or one, whether they have to down size or not, whether they will health conditions that may bankrupt them. Americans don’t find out the answers until it is too late to do anything about it. Only rich people have a financial plan for later life.

Make a plan: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

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

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

The Path to Dictatorship: 2010-2030

Insanity: “there would be no NATO if I didn’t act…” “I will leave NATO”

Trump’s coup tears country apart

Another armed domestic terrorist guilty

Another domestic terrorist conspired

Facebook: organized terrorists for Jan 6

How Govt wastes our money:

Too little too late: Free tests going to waste: https://www.covidtests.gov/

Congress finally agrees on lynching: Lynching Black folks is wrong: takes 247 years

GOP: you can settle your neighborhood disputes immediately: kill with unlicensed guns!

Judge stops TX state from deciding kids’ life or death: TX to punish parents: Jesus says

FL law "Individual Freedom" prohibits race-related talk in schools and work. Fascism

File taxes electronically: there are already 23 million returns not done from years before

There are no auditors to force the wealthy to pay the taxes they owe: poor are easy to tax

17 US representatives voted for Putin’s war: keep importing Russian oil

GOP delays sending assistance to Ukraine to give some GOP special perks

SCAMS/SPINS:

Trump undermining democratic institutions: billionaires pay for fake voter fraud

TX rejects 27,000 mail-in ballots: most Dem voters disenfranchised

CO GOP election official caught messing with voting system; undermine voter trust

Trump official lies about voting residence: trailer is not home: voter fraud--not arrested

Fake pictures raise hate in Putin invasion motives

Russian TV Uses Tucker Carlson and Tulsi Gabbard to Sell Putin’s War to Russians

GOP anti-vaxxers learn Covid shrinks their brains; explains silly thinking; Trump support

GOP: “We need to build more gallows”: raising $ millions from call for White violence

GOP’s vision: Cotton; Trump; Cheney; DeSantis; Pence; Scott; Cruz;

Trump’s plans to overthrow of US government: Stone heads criminal conspiracy

Trump Wants to Put China's Flag on Jets to 'Bomb the Sh*t' Out of Russia: prez 2024?

Putin follows Trump: ‘Fake News’ Law; Trump’s Urging That Comey Jail Reporters

Putin, Trump’s idol, going after the pregnant women and children now: ‘denazify’

Putin doesn’t care about war crime trials: who would arrest and try him?

Putin hires mercenaries from Middle East to kill Ukrainians in eastern border

Will Putin take HALF Ukraine—Russia declares ‘East Ukraine’ separate place?

Putin has China as backstop: new dictator alliance creates new commercial patterns

Putin embargo doesn’t raise gas price: speculators in market do: $20 in 2021 same oil

Raymond Erker OH caught stealing $9.3 millino in Ponzi: guarantee no risk returns

David Schamens NC caught stealing $6.8 million in Ponzi: loans to traders high returns

Scam via Venmo, Zelle or check that bounces: CC fraud ends up our account

Scams aimed at us: warranty, health, religion, SS, student loans: just hang up and survey

How to spot a government imposter scam: claim SS, IRS, etc

Johnny Stine WA caught selling fake vaxx for $400+; more demand when stop order sent

“Service fee: scam: order promised free shipping but at final screen, shipping is “service”

City National Rochdale caught overcharging clients, mislead, misinformed $30 mil fine

BEWARE: Subarus now sold without the tech that connects drivers to music, navigation

Paper products now thinner: Bounty, Scott, etc shrinking without warning.

Deed Notice Scam If you receive one, don’t waste your $98.

Anti-vaxx trucker propaganda raises money for the website not for the truck drivers

Unvaxxed continue to die: FL GOP watches dead top 970,000: personal freedom kills

BA.2 makes up 11.6% of COVID variants in U.S

Jobs

41,000 additional veterinarians needed to meet the needs animal healthcare by 2030.

IRS plans 10,000 hires to help clear millions of unprocessed tax returns

Who owns your account now?

Best paint review from Consumer Reports: $46-$90

NM Archdiocese Sues Insurers Over Sexual Abuse Coverage: victims waiting years

No humans: I had to write to CEO T-Mobile to cancel my account: no button; no CSR

I cut my car trips in half: all my short trip errands at one time

Miracles:

4,500 antiwar protesters arrested in one day in Russia

LeBron James had a 56-point game Saturday.

China to make electricity in the Gobi desert: no one will complain of noise

11-year-old Ukrainian walks 100s miles to Slovakia alone

3,000 applications from people in the United States who want to fight Putin

Nearly 60% of Americans gave money last year. Average donation: $574.

Some really free stuff: certain rules apply: Congress gives itself the best stuff on us!

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/

Friday, June 18, 2021

Where can your child invest those graduation gifts?

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to buy low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in retirement supplement. Investing requires patience not fast trading.

Time not trading: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Do you need long-term care insurance?

Many will need day to day help in living and our long-term care facilities can be a life-saver for many families who cannot care for loved ones at home. America has not done a great job to identify facilities that fall short of the care standards required of every one of our nation’s nursing homes. In such facilities, some residents have experienced outright neglect, such as going without proper nutrition or languishing in filthy conditions. Some older adults and people with disabilities have even experienced physical abuse, sexual assault and premature death. Two Senator’s name some bad actors: POOR CARE IN AMERICA’S NURSING HOMES. We know care is expensive so the question is how to do we deal with this situation. Long-term care insurance can help cut out-of-pocket costs if you find an acceptable facility or at-home compromise. But does it make sense to invest in this product with so many exclusions, exceptions and caveats? Consider all the options before signing up—there is no refund. Remember, insurers are for-profit entities.

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

Advisor checklist: sales people you should fire

Most advisors/brokers/financial consultants are sales people. They are trained to sell the products their employer picks for profit. Rather, your advisor should be a fiduciary—give unbiased advice—for a stated price. They shouldn’t have a rap sheet—BrokerCheck. Work with a specialist who understands what you need. Avoid advisors who advertise or do ‘free’ meals or who serve family members. Learn about what you need before you interview. I have found that fee-only planners give more honest answers than financial salespeople. Planners have a reputation to protect.

It is your money: https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545

Investing is not hard unless you ask a ‘professional’ to do it

Ever find out after an expensive plumber visit that you could have done the same thing for almost nothing? I recently had a stopped up tub drain and called the guy used by my neighbor which cost me $400. After running his cable auger for 20 minutes and checking that he hit the bottom of the soil stack, he asked me to provide a bottle of dish-washing liquid. I got my $5 blue Dawn from the kitchen and watched him squeeze a stream into the drain with running water. Wham! In minutes the drain was clear and running fast. This professional collected my $400 and said, yes, soap builds up a grease blockage. Now I clear it once a week with my dish-washing liquid for fifty cents. According to Warren Buffett successful investing is about letting compounding work its miracle automatically in time. Investing is a habit—just keep adding to your fund and it will flow.

https://www.amazon.com/Building-Wealth-Like-Brushing-Teeth/dp/1470141469

Is it worthwhile to learn personal finance?

Have you taught your child how to handle money? More high schools are promising to offer personal finance classes but are they really helpful? In the past, surveys show kids forget more than they learn about personal finance. In short, most courses provide too much info at a time when your child is not ready to learn. There is no immediate use for learning the difference between stocks, bonds and municipal bonds. And most of the content is sourced from the industry so you never learn that Warren Buffett recommends low-cost Vanguard fund. Courses perpetuate the myth that only paid professionals can provide sound advice. After running programs in security firms and banks, I concluded that the folks who needed the help the most were not going to get it from the industry. My colleagues and I put together how-to books for every separate topic. When you need to know which insurance to buy, you learn it then. When you need to know which 401k or IRA investment option to pick your first day at work, you learn which is best for you. No one will remember what they learned in high school. Plus when you learn on your own, you learn about more UNBIASED alternatives.

Get them started: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Patience makes you rich, Warren Buffett says

From 1985 to 2014, the average stock fund returned 10.7%, but the average stock fund investor got just 3.8%. Why? They tried to time the market, jumping in and out and invariably getting it wrong. During the same period, the average bond fund returned 6.9%, but the average bond investor earned just 0.7%. As one member aptly put it, “Seems hard for people to just buy and hold for the long term.” They get greedy and try buy low and sell high. That means being a stock market genius TWICE. It may seem counterintuitive, but over the long term you really do make money sitting on your hands. Warren Buffett: “The stock market is a device for transferring money from the impatient to the patient.”

Try patience: https://www.amazon.com/Millennials-Investment-Strategy-BEST-journey/dp/1533079242

Is rental real estate a good investment?

The market value of Single Family Rental assets totals more than $2.3 trillion. This analyst offers the first systematic analysis of total returns to Single Family Rentals over a long time period. They find that total nominal returns are approximately equalized across US cities, at about 8.5%, the same order of magnitude as equity returns. On average, net rental yields and house price appreciation have each contributed around half of the 8.5% total return. However, these two components are negatively correlated. High price tier cities accrued more capital gains, while low price tier cities had higher net rental yields. Within cities, they show that lower-price-tier zip codes have higher total returns as a result of both higher yields and higher house price appreciation. You can imagine how much work it is to be a landlord so the better deal is to invest in a real estate investment trust (REIT). You can earn 10% over time using a low-cost fund like Vanguard’s VGSLX. Low-cost funds beat high-cost funds every period.

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

Give your graduate the best gift you can give them: tax-FREE money

High school and college graduates need the best gift you can give them: a future of tax-FREE income. Get them started now since your gift can grow many times its value over time. For instance, $50 invested now can provide them with $20,000 when they need it later. Since you have started your grad off with this special IRS-approved tax shelter they will find it easier to keep saving/investing the right way. They will end up with a tax-FREE retirement. They can create a $500,000 tax-FREE account. Some young people have grown their accounts to over $1 million by investing $167 a month while they work. They will pay NO taxes on their wealth. They can avoid future tax increases. They can boost their savings by 30% with just the fed/state tax savings alone. And if they need a home down payment or business start up fund, they can use the contributions tax and penalty FREE.

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

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

Coup: “We are here to take over the Capitol, we are here to hang Mike Pence”

Dictator spied on own counsel and Dems

‘I didn’t take an oath to defend Donald Trump’

Will we reject American fascism again?

How Govt wastes our money:

Biden Justice Dept still protecting its lawyers and Trump spying on Americans: swamp

IRS almost never audits private equity firms: illegal tax avoidance made legal for rich.

SCAMS/SPINS:

YouTube stops GOP from spreading lies about covid cure: Hydroxychloroquine or Ivermectin