Vanguard’s biggest fans have made investing successful by
using 3 funds
Since the chance of your advisor providing a successful
strategy for over 20 years is almost ZERO, fans
have put their long-term strategy in writing. You can ‘play’ the market
with some money but the bulk of your retirement and legacy is more likely to
succeed in low-cost broad market funds. No stock or sector lasts more than 10
years. Vanguard happens to know since they are the leading provider of ‘spend
less; keep more.’ With this strategy, you own all the stocks and bonds you will
ever need in your life—input and output. Actually the better strategy is to
just buy the Target
Date fund when you wish to retire. For instance, Target 2055 has produced 11% over the
last 10 years. Most advisors fail that one. It has the bonus of rebalancing
your portfolio as you get closer to output time. ‘Play money’ is fine but this
strategy works best for your serious investments. You
do NOTHING after you buy for 0.15%. Target Date funds are not
perfect but they are as perfect as most investors can get to reaching their
goal.
New ways the wealthy avoid taxes that we have to pay
for them
This is
actually an old strategy with an update: private placement life insurance.
It allows policy holders to combine volitile investment products, like hedge
funds or other alternatives, with the tax-free benefits of life insurance.
Benefits are for high-income earners. They have tax-inefficient investments in
a tax-efficient structure. They create a huge tax-FREE legacy without the cost
of surrender charges. PPLI hides assets with large taxable returns. The wealthy
can take out funds as needed as a refund or a loan—no income or capital gains
taxes ever. Perfect for the person who has special assets but does not need the
income now. We pay the taxes for their use of our courts, police, military, roads, airports, and other
costs of the nation.
Avoid
paying wealthy people’s taxes: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
Is a robo-advisor right for you?
If you are beginning or near the end of investing, a robo
might be best for you since they cost less and Buffett’s
non-trading strategy for all investors seems to win over time. Unless you
believe that your advisor can beat the averages over time against all odds, you
are overpaying for advice. Study after study shows it is not possible, unless
your advisor does not charge for the service or you have insider information.
Perhaps you obtain advice for free from your company. Otherwise, think hard
about Morningstar’s conclusion: “In every single time period and data point
tested, low-cost
funds beat high-cost funds.” Most analysts are rated by 1 year
performance so you really have no idea what happens to your cash next year. Unless
your person picked Google, Apple, Facebook, etc long ago and you bet the ranch
on the stock, you are faced with throwing
darts each year or paying more for less. The average equity investor
earns just 3.79% over time vs the 500 Index at 11%. Humans
don’t touch your money. Act dead.
Best Robo is the automatic wealth manager: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Which car dealer fees are legit: buying a car for less
Why do you need dealer prep?
Washing your car should not cost $229. Delivery should be the dealer cost, not
yours. Over $700 for his guy to drive from his bulk lot to you is crazy? No.
Doc fees are BS—I don’t charge for paperwork in my business—why should they?
Negotiation is a matter of having the facts. Most
fees are pure profit since people like you are not going to pay them and
yet the dealer stays in business. If the seller does not negotiate, walk away.
There are other dealers and cars. In fact, most Working
Millionaires don’t buy new—they see the price drop 40% when they wait. They
have purchased from the dealer before and they each know a bargain works both
ways. The dealer avoids selling them a lemon and millionaires are business
people too.
Ask for your risk discounts too: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Amazon hits new heights
AMZN stock costs $1822 up from $11 in 2001. Did your broker
get you in to this 25,000% increase? How about the 39,800% increase in Patrick
furniture or 17,500% increase in MGP distiller or 14,800% increase in Sleep
Number beds? Don’t feel bad, very few outside the companies guessed right on
these at the beginning of the climb. That is the problem with picking a stock
to bet the ranch—even one horse—on. No one can foresee the winners in a bull
market. And yet investors continue to pay 1-3% of their nest egg each year in
hopes of finding the ‘needle in the haystack.’ What can investors who are not
company insiders do? Play the averages—bet on par—think about the winners as a
group. If the top stocks earn 11% a year on average and you pay 2% to the
house, you get 9%. Over time we give away 63% of our possible total by NOT
using The Disruptors.
IMPORTANT QUESTIONS AS WE AGE
Taking
Control of Your Future: A Legal Checkup helps us plan for our future by
providing a comprehensive list of topics and areas of concern. There are
certain legal issues that every one needs to deal with—what happens at the end
without a will; how to maximize benefits; who decides about health if you
can’t; should you let your kids share your bank accounts; your legal
assumptions may be wrong.
****************
Trump wants to do away with due process and other laws dictators don’t like.
In Banana Republics there are only owners and wage earners:
tiny middle class
Middle class shrinking: wages for ‘nonsupervisory’ jobs falling even in great
market
Wages gains
are eaten by higher prices: All
gains go to corporate owners
After large tax cut, workers' share of corporate income less than in 1958
Men
are no longer in the workforce. 31% vs 14% in 1950 are not contributing.
Number of products NOT made in America is growing: cheap
labor, automation
Workers borrowing more to live on: personal loans up
18%; 23% rate is common.
Trump
for Totalitarianism: What can I do? Putin
denies helping me win: I need him.
Senate
resolution bans Trump from giving ambassador to Putin for 3rd degree.
************************
How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!
Trump’s
NATO spending deal may mean less business for US; more tax subsidy
$10,000
for a plane latrine cover: 3-D printer makes them for $100. $1.3 Trillion
+10K
Your
voting machine has hacking software in many states: Use paper only.
Trump’s new
planes cost us $3.9 Billion—he wants different colors. Old ones work fine.
SCAMS/SPINS:
National Credit Adjusters, Bradley Hochstein caught
threatening debtors: No jail time!
Car
theft centered in NM, AK, CA: AK and CA towns jump to No 2 and 4. HOT
Vegas hotel Mandalay
suing the victims of massacre on their property. Lawyers win.
Drug
firms use patent office scams and “gaming tactics” fool FDA keeps generics
away.
SS
number scams on rise: don’t respond—wait for the letter from SSA.
InventHelp sued by users for not providing benefits
and costing too much
George L. Taylor, CT caught overcharging
and gives bad advise; scamming seniors.
Trump’s FCC charging
us $225 to file complaint against consumer abusers. Not a joke
Trump
is right. We are stupid. We elected this Benedict
Arnold to lead a democracy.
Trump
even lies about his own parents’ birthplace to make a political point. Lie1
lie 2
Trump
EPA allows pollution from coal ash: stop monitor water: buy bottled water!
Cornelius Peterson, Boston
Jobs:
This is how
The Don makes his money (laundry). Six bankruptcies teaches Debt 101!
Your
old employer needs you back – on your terms. Experience counts.
Trump tariffs kill jobs at MO nail maker – Trump
picks firms to fail/grow: nat’l socialism
Counties with the highest
wage increases 2017: San Mateo CA
Who owns your account now?
Driver
texting makes us SIX times more likely to crash—phone, makeup, radio,
Edit photos for FREE: https://www.gimp.org/downloads/
Your
donations may be funding politicians you don’t like but you will never
know.
Vets can use the best
banks for special needs: USAA, Fed Saving, Navy Fed CU.
Miracle:
3-year-old
saves Dad convulsing on floor with Dad’s phone
Vet donates marrow to save 4 year old cancer
victim
New
job but no transport so walk 6 hours; Americans help; gets car; how I was
raised!
Texting
addiction caused record fatalities in US even with kids in car; model for
them?
IAN
41 Watchung Plaza, B242
973.746.2014
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