Some “financial” writers just don’t know

 

Some “financial” writers just don’t know

“6 Safe and Smart Investments for Retirees” is misleading and mostly wrong. There are no “safe” investments. Even the fixed rate bank CD is subject to loss of purchasing power. That means you can’t buy what you could have 5 years or even 1 year before. Same for “tax-free” municipal bonds since bonds might end up costing you money. Lending to an individual without some security can leave you with a big loss. Peer-to-peer lending is not without risks: the borrower could default. Annuities are touted as a “safe” investment. However, you can lose money since annuities have many costs and conditions. Insurers make sure they don’t lose even if you have an emergency withdrawal. Even government I bonds have risks. The core rates are low and you will be disappointed if inflation is flat. The costs associated with being a landlord of a rental property can include the human toll of constant aggravation from tenant demands. SS benefits include an inflation-adjusted monthly payment that is good for life and backed by the government. Waiting to age 70 to claim means benefits will be much greater for life. So, every one must decide on a balance between risk and reward. Retirees will need more money for a longer period so the risk of not having enough must be addressed by continuing to invest in a diversified portfolio including stock funds.

NO safe investments: https://www.amazon.com/Your-Retirement-Mutual-Funds-retirement/dp/1481114026

 

IRA: tax-FREE or tax-deductible?

Depending on where you are in your investing life, one or the other IRA is an appropriate source of retirement income. The “traditional” IRA lets you reduce your current income so you pay fewer taxes NOW. The “Roth” IRA lets you increase your retirement income by avoiding taxes then. Thus, you have a significant choice. Given your overall income level, you can reduce income taxes during your whole working life OR you can exclude federal and state income taxes later when you may need more income. This means that depending on how you invest your Roth investments, you could have a potentially greater nest egg to spend and never pay taxes on the withdrawals. In fact you can convert the money in your traditional tax-deferred account to a Roth at a later time when it may benefit you more. The IRA expert, Ed Slott, (IRAhelp.com) can explain why a Roth conversion is his No. 1 tax tip for this year. You may need to use his site to calculate which deal is better for you at your current stage of investing.

Choice: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

 

Save $1000: maintain your vehicles

Don’t ignore “check engine” light. Keep tires at correct pressure. Change oil and regular maintenance as your manual says not as your mechanic wants. Check your PCV valve, windshield cracks, fluid leaks when parked, and any unusual noises. Save more over your car’s lifetime buy shopping for insurance every 2 years. Insurers change their marketing plan every year and it is easy to $500 every time you shop. Major carriers will cut premiums if you are able to raise your deductible. Many have over 20 discounts your agent may not tell you about (commissions are a % of premiums). Bundling policies (including “Umbrella” cover) may or may not save total premium. I have had home insurance for 30 years and would lose money by combining with other policies.

Shopping saves: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/

 

Advisors are trying to become psychologists

This advisor says people are asking: Can you help me define the next stage in my life? What’s going to be my purpose? What’s my “aspirational lifestyle”? And how does that guide my financial choices? Sounds like your therapist not your advisor. Almost all advisors have had no training in answering these questions. He thinks people are demanding humanistic advice of their financial counselor, and he thinks he as a wealth manager can use this need to grow his business. His firm partnered with Columbia University to develop an advisor training program that is based on providing a more holistic, “purpose-driven” approach to planning. It’s been incredibly popular with both advisors and clients he claims. This advisor thinks advisors need to help clients “envision their aspirational lifestyle in their next life chapter.” He says people want more financial stability in retirement. This “stability” is usually interpreted by sellers to mean annuity needed. This writer actually works for an annuity company so his remarks support the push for high-commission/fee annuity sales. And most advisors are focused on revenue growth for their firms. In fact, 72% new advisors quit as most of the training programs are very sales-based. Wall Street wants revenue not therapists.

Large nest egg is ‘stable’: https://www.amazon.com/Financial-Future-Insurance-mutual-funds/dp/149355204X/

 

 

 

 

 

 

 

 

?**********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 govt overthrow 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’

 

Mar 11 2023 Pence straddles his place in history

 

Mar 31 2023 Trump indicted misusing election money

 

Apr 7 2023 One GOP guy decided which drugs we can use

 

Apr 9 Illustrated Anne Frank book removed by Florida school

 

Apr 21 Trump: “I am your justice”

 

May 9 Trump guilty of sexual abuse

 

Jun 8 Trump indicted by the United States of America

Violation of the Espionage Act

Conspiracy to obstruct justice

Making false statements 

 

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

Rich get rich: lower tax rates; higher income from assets; NOT taxable income

Feds give away $200 Billion to fraud Covid fakers: at least 17% of funds lost

 

SCAMS/SPINS:

43 states passed 100 anti-voting laws since Trump attempted to overturn the 2020

Supremes kill GOP move decide our elections: saves marginal Dem voters

Study: when the candidate field is crowded, voters are more likely to sit out than turnout.

 

6 shot outside of a club in Houston: shooter escaped

 

72% new advisors quit as most of the training programs are still very sales-based

Imposter scams: fake authority figures scare us into paying $ billions

Recall: 7.5 million Baby Shark bath toys cut or stabbed children

FL ‘freedom’ gov. bans all direct car sales: protects high-cost dealers from competition

 

Business man lost $340,000 to a crypto scam. Such cases are on the rise

Moving Company Scams: no licenses OK—steal our goods; AG can’t do a thing

Army allows its financial advisors to exploit Army families/survivors: wild trading

 

ACI Worldwide caught improperly initiating unlawful mortgage payment transactions

Insurers deny tens of millions of claims every year but we don’t get stats: why, how, who

Sending money using Zelle^® /payment platforms to those you don’t know is dangerous

Ray Brewer caught stole 9 million claimed turn cow manure into green energy 6 yrs jail

Shvartsmans, Garelick caught $22 million insider trading on Trump’s firm going public

Wilson Baston NY caught stole $10 million real estate scams: convicted 2^nd time

 

Where do Congress people go for abortion if own state outlawed it?

 

GOP to rewrite history: House to expunge Trump impeachments: dictator’s clean slate

Trump’s Supremes change our lives: college, student loans, religion, speech, LGBTQ

Trump’s Supremes: colleges go back to “old boy network” for new students: $$ win spot

Trump Supremes strengthens protections for religious rights at work: religion for politics

Trump’s Supremes:  “harassing posts” on media are protected as free speech

Trump’s Supremes: use religion to discriminate against anyone you don’t like

Trump’s Supremes: even unemployed students must pay $400 billion in loans

 

Trump delays paying sexual abuse victim Carroll by suing her for ‘defamation’

 

Jobs

Military AI technology to spy on civilians, particularly in the workplace, sold to owners.

Working from anywhere: nomad visa right for you?

Chip maker TSMC hires 4,500 in AZ: culture barriers

 

Who owns your account now?

In Europe’s empty churches, prayer and confessions make way for drinking and dancing

Best fixed income products: compare T bills, TIPS, annuity

Home insurers don’t like these dogs: liability increases premium or cancels

 

Farmers and AIG quit insuring FL homeowners

Getting an FHA home loan: check if it fits your needs

Jersey City is now the nation’s second-priciest rental market: $3370: 2^nd to Manhattan

 

Changing landscape of wealthy folks allocations to real estate

Fastest-growing demographic groups

44% voters to consider third-party/independent candidate if Biden-Trump are nominees

DeSantis to close IRS, Commerce, Energy, Education

 

Top Robo-Advisors Ranked From Worst to Best

 

 

Miracles:

Scientists Say They’ve Reached ‘Turning Point’ in Cancer Research With Vaccines

Drug in trials helped people lose 24% body weight or about 58 pounds: no more diets

Diabetes metformin protects against long-Covid

 

Intermittent fasting is as effective as counting calories:

Study: AI predicts pancreatic cancer risk based on patient’s medical records. 

Popular steroids could mess up some cancer treatments

 

 

 

 

 

 

@

 

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

Energy into matter: scientists converted light energy directly into matter in one step

In place of atomic lattice, light waves used to create an optical lattice with same geometry

Physics Nobel Prize: “entanglement” 2 particles share info instantly at a distance

Quantum mechanics violates local realism: two objects behave as single system at 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

Strange state of physics that allows energy to flow frictionlessly through a material. 

Bending light from extreme gravity reveals largest black hole so far

Curved SpaceTime: heavy masses and simultaneously quantum effects become visible

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: created our time.

Our planetary system: rarest system: only 1% of all systems with same number of planets

 

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 electron itself.

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

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

Physicists knew black holes eventually disappear particle by particle. Now they think everything else does, too

 

 

 

@

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/

 

 

Warren Buffett is your best financial advisor

 

Best graduation gift you can give

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 use low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive at least $2,933 a monthly in a retirement supplement for the rest of our lives.

Start their ‘Wealth Reserve’: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

Most folks in or near retirement fear outliving their money

Advisors usual solution: guaranteed income from an annuity. Because the commissions and fees can be large and are hidden, retirees usually buy these no-refund contracts. The contracts are usually thick with legal protections for the insurer and sales agent. There are more expensive provisions that may help protect you but the bottom line is that you are paying a lot of money for a stream of payments that may not overcome inflationary costs. So, for a 65 year old female with $100,000 payment, she will receive $454 a month for life. However, by age 80, her fixed $454 a month will buy about HALF the necessities it originally did. She can purchase a ‘cost-of-living’ rider like the COLA SS benefit but that reduces the amount per month. For less benefit, her heirs can get back whatever is left if she dies early (before age 86). She may need more than $227 a month for living expenses. There are better alternatives to get a regular check.

Check options: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573

 

Why Warren Buffett is your best financial advisor

Mr Buffett does not need your fees and commissions. He has $ Billions. He has more experience than any paid advisor or brokerage firm. Most advisors and brokerage firms provide standard advice and portfolio models pre-packed for retail customers. Unless your wealth includes special assets totaling in the $ billions, you get the regular firm products. Sellers sell only what supplies the firm with profits. When you need specific unbiased advice you can buy it from a fiduciary for a single charge. Most of us are going to accumulate less wealth over time by paying the annual fees and charges firms need. Those who pay 1-2% a year in fees and trading mistakes will give away 50 to 60% of their possible accumulation over time. Buffett credits “compound interest” for his success. Thus your $250 a month investment can become $2 million over time IF you don’t pay for advice you don’t need. Buffett’s advice is unbiased and simple to follow. Use Buffett’s advice:https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

 

Car insurance costs go up for some people

Age is a big contributor to costs: teens pay about $5,000; seniors pay about $1,500.  Your credit score and driving record can be controlled. Your home location can raise premiums. Your vehicle and its use can be a factor in costs. There are discounts available. Your immediate control of costs is determined by the carrier you use. Shopping every 2-3 years provides you with a chance to take advantage of the marketing plans of some insurers. They often try to find drivers which their database tells them are cheaper to insure. Each year they change and so do you. Bundling may save premium while others may not. The same goes for safe-driver courses and a driver association affinity. Each has its own set of preferred driver qualifications.

Try shopping: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

 

Is investing in real estate right for you?

Commercial real estate returns have shined during the last year despite the pandemic challenges. Like stocks, real estate investment trusts (REIT) are up 35% or more. REITs have often performed differently than stocks and bonds, so this fund may offer some diversification to a portfolio already made up of stocks and bonds. Since 2001 the Vanguard REIT has returned over 10% a year. Your contributions to a REIT inside a tax-FREE account may help you achieve a tax-FREE retirement.

Go Tax-FREE: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

Which mutual fund do my readers prefer?

Many of my retired and pre-retired readers prefer mutual funds that have been around for years and are managed by experts at low cost. Like John Bogle, they believe that “cost matter.” Bogle told Martin Smith of Frontline that a “2 percent fee will erode 63 percent of what you would have had” over time: 63%. That is big chunk of our nest egg. Bogle created low-cost funds for every portfolio. My readers like Vanguard Windsor Fund. Since its 1958 inception, this aggressive large-capitalization value fund has held fast to its distinctive strategy and provided 11.47% a year. Also Vanguard Wellesley Income Fund. This 50 year-old, income-oriented balanced fund offers exposure to dividend stocks and investment-grade bonds. It has provided 9.44% returns since 1970.

Pay less; keep more: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

 

What happens after a recession?

During a recession, stock prices typically plummet. The markets can be volatile with share prices experiencing wild swings. Investors react quickly to any hint of news—either good or bad—and the flight to safety can cause some investors to pull their money out of the stock market entirely. Since 1871, the average return has been 11% per year. You are better off betting on reversion to the mean not Bits. Fear not!

2009    27.11

2008    -37.22

2003    28.72

2002    -22.27

1995    38.02

1994      1.19

1991    30.95

1990    -3.42

1982    21.22

1981    -5.33

1975    38.46

1974    -26.95

Don’t lose your head: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

 

Advisors repackage old sales ideas with new hype

“Active personalization is the new active investing,” announces analyst Morningstar.

Ask your advisor what “active personalization” really means. More tech mumbo-jumbo to sell standard “model” portfolios as ‘personalized’ just for you. Advisors will use “Morningstar portfolio risk score” to justify the portfolio they recommend. “They also have the Risk Profiler, which measures the level of a risk that a client is psychologically comfortable taking.” They will also offer the Risk Comfort Range—which connects your risk level to their product. They will measure your level of adherence to six sustainability themes. “With a click of button, this new optimizer is going to build a portfolio that matches your risk profile and your sustainability aspirations.” Sounds cool but you still won’t know how well you did until you see the results of all this button-pushing for a year or two. Advisors will still be paid by you no matter which button they push. Actually, low-cost indexes beat managed accounts.

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

 

How much should you invest?

The average salary is about $50,000. During our lifetime, we may earn $2.5-$3 million, depending on raises and years worked. If we invest just 6% ($3,000) in the low-cost stock market index of our 401k or IRA, we could have $2,100,000 for retirement in 40 years. If our employer matches our contribution or our spouse has a similar situation, we could have more. Given the historical rate of inflation, this amount would still allow us to spend retirement income of $45,000 (after inflation) for 30 years. We can now invest in a Tax-FREE account, approved by the IRS. We could spend all $3,750 a month!

Spend Tax-Free Income: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

 

?**********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

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trumpist’s Supremes end personal rights

 

Nov 8 2022 Trump’s “national revolution”

 

 

 

 

 

How Govt wastes our money:

NO infant formula because milk subsidy laws keep out all other makers

More hate crimes: 2^nd Amendment has no death limits but children only have 2 parents

Congress to let the lead fly: no gun or 30-rd mag control: gun purchase tripled 2000-21

 

Anti-vaxx, anti-maskers get their wish: 1 million covid disbelievers die: lack protection

 

Our Reps allow private equity firms to help wealthy (US and USSR) hide cash not yachts

Formula shortage due to socialist gov contracts monopoly firm: Abbott only supplier

414-9 9 GOP voted against helping women buy formula: Gaetz, Gohmert, Greene

 

OK bans abortion choice: $10,000 bounty on head of any helper, even religious advisor

Time for price controls? Runaway inflation and recession leads GOP to dream?

 

SCAMS/SPINS:

TX bans media firms from barring conservatives: “conspiracy to silence conservatives”

States with abortion ban and with “marriage” age 12-17 years for girls like in Hale time

State abortion limits: Abortion rights backers rally in anger over post-Roe future

 

GOP Loudermilk showed terrorists the capital layout for a coup: kill Pence

Former Trump White House chief of staff Mark Meadows committed voter fraud

Trump collects donations for 2017 AZ real estate approval: Trump WALL fails

Cruz collects donations to pay off his personal debts: financing our dictatorship

 

Scammer used cell number to gain access to social security benefits and switch them 

Mercedes owners: stop driving 292,000 vehicles: brakes can fail.

Ford recalls 350,000:  2021 Ford Expedition and Lincoln Navigator SUVs catch fire

 

Trying to time the market leads to disaster: ETF short sellers can’t exit positions.

Allianz caught Structured Alpha fund fraud: manager charged: fine, no jail

First Republic caught overcharging for certain mutual funds, cash sweep accounts no jail

 

BEWARE: WalMart trucks in KS have no drivers: Teamsters union, lawyers not happy 

 

Docs on Pharma Payroll Have Blemished Records, Limited Credentials: Ask 2^nd opinion

Northshore Clinical Labs, a COVID testing laboratory caught results false: no jail

Surgeon check: always get a 2^nd opinion: this guild protects its own so few lose license

 

US caught allowing auto-guns to be sold to those with limited real-world understanding

The limited haters can get auto-guns and armor vests to kill us all: 30 rd auto-guns

Our hand pistols do no good against guns of war: 30 rounds in 15 seconds: you’re dead

 

Misleading info drives fear and hate: Ex Trumpist calls GOP a threat to America

Putin instructs Russian TV to use Tucker’s propaganda instead of his own

Putin surrounded: Finland Sweden apply to NATO: Putin got his nightmare

 

Putin, like Hitler, putting seniors and mercenaries in uniform: replace higher war losses

Putin, like Hitler, now making strategic battlefield decisions: pontoon crossing daylight

Putin, like Hitler, putting spies in his own military ranks to "neutralize" dissenters

 

Putin blocks food for Africa: Ukraine can’t ship so deaths will exceed military causes

 

Jobs

Supremes offer Swag

10 most wanted jobs of 2022: Chauffeur, Road construction supervisor

$30 an hour babysitting in NY by high schoolers saving for ivy league $100,000 costs

 

 

Who owns your account now?

Stock returns for the last 20 years: Where would you rather be?

AllianzGL investment management biz to Voya

Credit score: keep your oldest card open; use once a year; make on-time payments.

 

Get paid for starting a new bank account: many rules but if you are already shopping

New infections-100,000 a day-comes as the nation heads into Memorial Day: mask?

 

Miracles:

Salt battery for long-term electric storage: capture wind sun; use: no wind, no sun

STONES: 60th year tour: Jagger 79, Richards 78, Wood 75: how to keep it up so long

Medical debt in payment plan delayed from credit reports July 1

 

Life cell secret: RNA molecules can link short chains of amino acids together: copy

 

 

 

@

Everything in universe: galaxies to stones made of subatomic energy ‘vibrations’

Light is both a particle and a wave depending on how we look at the light.

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!

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.

 

 

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/

 

Three principles of investing

 

Your car premium and credit score

Insurance industry has your data proving that if you have a bad credit score, you're more likely to slam on the brakes or step hard on the gas. The premium you are charged is determined by your demographics: less educated, unmarried, sell real estate. They released a white paper that it says validates auto insurance pricing decisions based on credit scores, marital status, education level and occupation. The research paper says telematics data collected from January 2017 to June 2019 shows that two behaviors that are known to correlate with increased claims cost — hard braking and hard accelerating — also correlate with insurers’ pricing practices. However, credit scores may penalize people for events they cannot control, such as loss of a job or a death in the family. The use of credit-based insurer scores is banned in California, Hawaii, Massachusetts, Michigan and Washington. Unless you live in these states, your option is to eliminate any negative and incorrect information at the credit bureaus. If that is not successful, you must shop a new insurance firm that many not use your negative score. A local insurance agent may help you find the right carrier for your needs.

https://www.amazon.com/Industry-Insiders-Guides-Buying-Insurance/dp/1466435712

 

Three principles of investing

One: no advisor, broker or Wall Street guru can predict the future of a security. Two: the more you pay for investing advice the less you get to keep. Your costs include fees, commissions, taxes, charges, and buying/selling at the wrong time. Three: over the long term, steady investing and re-investing provide the highest return. The Miracle of Compounding is the central factor in building wealth. Any person can achieve all three. John Bogle founder of Vanguard gave us easy low-cost index funds. Warren Buffett proved index funds beat managed funds. Senator William Roth gave us accumulation without taxation. Investing is easy but hard—hard to control our emotions.

https://www.amazon.com/Disruptors-Three-Innovators-increase-WEALTH/dp/1720857563

 

 

90% of wealth is controlled by 10% of the population

To prop up Wall Street wealth, the Federal Reserve, bought bond ETF mutual funds in 2020 and bailouts in 2008. That is, you and I as tax payers used our borrowed money to give money to companies so they would not go out of business and the wealthy lose money. When a government enters the private financial markets, this is a classic example of state socialism. “state ownership of the means of production, either as a temporary measure or as a characteristic of socialism in the transition from the capitalist to the socialist mode of production or communist society.” In a capitalist system, investors are rewarded if the business succeeds. If the business fails, the investors lose their money. In the American style of socialism, we taxpayers are forced to save the businesses that would have failed: “no-lose casino.” Our representatives write the laws (with lobbyists’ help) that allow this socialism to continue claiming that poor workers would suffer from lost jobs if government did not bail out failing businesses. Our representatives are elected using funds supplied by the businesses that receive the money. And why are we still giving subsides to Farm, Oil, Export businesses and our state/local money (gov subsidies) to big businesses like Royal Dutch, Intel, Alcoa, Boeing? Only socialist countries give tax money to private businesses and their wealthy owners/shareholders.

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

 

How to eliminate your income tax

When you have securities in your Wall Street firm account, you don’t need to produce income the old fashioned way. Our tax system taxes “earned income” and capital “gains” when you recognize the gains from selling the asset. What if you don’t earn income or sell assets? What if you take a loan using your securities as collateral? A loan is not taxed so you don’t pay taxes on the money you have to spend. Many brokerage firms are willing to lend against up to 60% or 65% of a client's portfolio, depending on its level of risk. Morgan Stanley and Merrill are lending mostly to their proprietary clients. Anyone who wants to access low-interest cash without incurring capital gains and, more importantly, giving up the growth of the securities can do so. You can ‘borrowing on margin’ through your investment account or borrow against the cash value in your life insurance policy. If you never pay back the loan, your heirs can skip paying taxes too since the cost basis of the security or real estate will step up to the fair market value on the date of the owner’s death. This strategy is better than Trump’s trumped up real estate losses strategy since you don’t need to dabble in real estate or casinos to make it work. Avoid taxes even without borrowing from Wall Street.

https://www.amazon.com/Your-ZERO-Tax-Account-Wealthy/dp/1482772795

 

 

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

 

 

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

 

Our Jan 6 ‘Truth and Reconciliation Commission’

 

 

“The coup is ongoing”

 

"Presidents are not kings" but do delay

 

Bannon above law: ignores Congress

 

Trump’s CoS Meadows ignores Congress

 

Just a ‘riot’? Attempted overthrow of US government Jan 6

 

Beware: our police linked to Oath Keepers

 

“we don’t obey order we believe violates Constitution”

 

Scott Fairlamb, Jan 6 terrorist gets prison

 

 

How Govt wastes our money:

Drug lobbyists claim lower prices mean we won’t get drugs anymore: just scare tactic

Oil gas subsidies: we tax payers still paying oil gas production after world declaration

Big Coal lobbyist Sen Manchin has power to change US social & energy policy
GOP billionaire Langone giving money to Manchin to stop pre-K, climate, Medi needs

 

Federal Reserve created too much money since 2020: inflation greater than wage hikes

270 billionaires with $5.7 billion income got stimulus checks: claimed ‘negative income’

Many middle-income households would pay more in taxes in 2022 unless have tax haven

2/3 people making $1 million see a tax cut next year averaging $16,800: we pay for it.

 

SCAMS/SPINS:

GOP: VA folks don’t want their kids to “hear about Whites killing Blacks” anymore.

GOP: TX folks don’t want their kids to read about “Whites killing Blacks” anymore.

TX sex-race-book banning: teens may rebel and read all the books—OH NO!

 

At-Home Abortion: choice for some women with new procedure/pill

 

FBI: unruly airline passengers criminals? Unruly offered parachutes or sit/shut up

 

Only 58% US got vax: 765,000 dead: will you be next?

TX study: unvaccinated 20 times greater risk of Covid death: Texas data alarm

Do it for the kids: human community means NOTHING if a “personal decision”

 

TX Gov tells Austin: no freedom to make Covid rules

“pandemic of the unvaccinated”: can ‘after pill’ save them and stop spread to me?

Religious ‘exemption’ to vax: all religions recommend vax except made-up ones

 

VA women went GOP: Covid messed school year: Covid was Dem’s fault?

 

Biden vowed to close federal private prisons but prison companies found loopholes

 

Andres Pena Meneses CA stole $50,000 promised cure parasites & end family curse

Subscriptions you cannot cancel: illegal subscription tricks and traps complaints up

Evan Neumann Jan 6 terrorist applied for asylum in Belarus: FBI arrest?

John Piccarreto NY stole $18 million 400 investors: promissory notes Ponzi: prison

Robinhood brokerage negligent: email hacker stole 5 million addresses

Fake vax info: so easy to spread lie: vax makes you glow, track, miss school, hated

Ellume Covid-19 test kits recalled: high false positives—not accurate

 

Cheney: Trump “at war” with Constitution: GOP “embraces the lies and enable the liar”

GOP OK with Gosar death threats AOC: ‘war footing’ approach to overthrow our gov

How many 17 yr old have AK-15 to kill people who they think threat to them? You?

 

Jobs

 

Who owns your account now?

Lemonade to acquire Metromile: pay as you go car insurance

College fund incentives: your state may help you pay for college fund

 

Miracles:

9 year old saves her parents from CO death by quick knowledge of tech trick

50 cancers found with blood test but not approved yet

Tuvalu South Pacific atoll losing land every year: melting raises sea: Miami next 

House prices bottom as doomed Welsh village overcome by sea

 

New energy source: oceans go up and down: making power for whisky

 

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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