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/

 

Best way to invest for retirement income

 

Best way to invest for retirement income

If you are like I was at my first day on the job for an employer, I had no clue about the company retirement plan. Yes, they gave me the papers but they were not in English—legal for lawyers. I could not decide which investment option to pick. I took the suggestion of the HR person and had them take 6% of my pay into a very conservative fund called a “stable value fund.” This was not a good choice at my age. However, they matched my tax-deferred contribution so I appreciated what I had. Investing at the same amount on a set schedule (payday) was good since I learned later that “dollar-cost averaging” is the best way to invest for the long term unless you have insider info like our representatives. Since no one knows whether the market will be up or down on any given date, it is best to invest on the same day every month. However, I did not learn until later that I should have chosen to invest in a low-cost stock market index fund instead of “stable value.” Stable value funds are for when you are IN retirement not when you have 35-40 to invest! After studying the most successful investors and fund managers, I learned that the best way to invest for retirement is to buy the shares of a cheap stock market index on a monthly basis for the same amount. “Almost no one who is operating honestly can maintain a persistent information edge over the millions of other smart investors who comprise the market.” As Warren Buffett says: "A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money."  Fidelity study of millionaire retirees confirms his advice.

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

 

Is real estate a good investment?

Recently, the investment industry has become active in purchasing homes for investment. So does this mean that real estate is a good investment for the most working people? Most folks who own their own home have seen the value of their home increase for a number of reasons. For many new working people, there are fewer homes that are affordable. And for many older working people, where would they go to live in order to cash in on the higher home values? In the East, many older homes have increased in value: Average home cost $250,000 in 1991. By 2020, it was worth about $800,000. As an investment, a single family earns about 4.5% per year; not counting the huge property taxes here. Not a great deal long term for properties in the metro areas. However, a low-cost mutual fund of real estate provides over 10% per year. A real estate fund includes all types of properties and is comparable to the stock market index which provides over 11%. Therefore, a low-cost balanced portfolio has helped many investors earn over 11% a year for a long time. Low-cost investing beats high-cost advisor investing.

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

 

Buffett’s secrets to NOT losing investments

Leverage—borrowing money to invest—creates a double gamble. Buffett: “If you’re smart, you’re going to make a lot of money without borrowing.” All debt does is increase your risk. So we don't buy most Closed-End Funds (i.e., CEFs). We don’t use our broker’s money. Margin debt can rattle your mind. “And an unsettled mind will not make good decisions.” You not only lose any gains, you may lose your equity. Better to concentrate on finding value and using the magic of compounding.

https://www.amazon.com/Warren-Buffett-Millionaire-money-snoring/dp/1508887381

 

 

 

Will Social Security benefits be there when you need them?

Congress does not like to spend money for the important things. They like to give defense contractors, oil, gas and coal companies subsidies because that pays their election bills. They like to create tax loopholes so they and their friends do very well. They use insider information that is illegal for us to use. Since the Supremes 2010 decision to treat $ billion companies the same as you and I in terms of election gifts, Congress must do what these companies want. Because there are more old people and fewer working people, SS benefits will be reduced to 78% of normal benefits by 2034 according to SS trustees. Since Congress is unlikely to deal with this collapse of the single most important support for seniors before it is too late, older Americans will be faced with the poverty that existed before SS was created in 1935. Bread lines were daily work for many depression-era out-of-work workers. The wealthy could live overseas untouched and untaxed just like today.

Prepare now: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

 

New car insurance data may help you save

More accurate tools allow insurers to offer the safest drivers the opportunity to secure a better premium directly. With 45% of drivers willing to switch insurance providers for savings and 69% willing to share data for discounts, drivers can leverage an insurer’s lower cost of signing new customers. Usage-based insurance (UBI) means you can save if you drive fewer miles than the average driver. Your smartphone and other devices may save you even more because sensors can provide accurate risk-assessment. Better drivers mean lower costs for drivers and insurers. Your agent will not call you to cut the premiums and their commissions.

You must shop to save: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

 

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 buy low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a month 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

 

 

?**********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

 

Jan 6 2021 Direct assault failed: guns & bombs

 

Nov 8 2022 “Legal revolution”

 

 

Mo Brooks exposes dictator plot

 

GOP’s activist court

 

More coup conspirators ignore subpoenas

 

How Govt wastes our money:

Biden: wealthy to pay less tax than middle class instead of collecting what they owe

Trump Guilty of 'Numerous Felonies': lying about assets, tax evasion: 2024 dictatorship

Trump guilty: illegally obstruct Congress: his lieutenants ignore subpoenas: never jail

Will Trump and Jan 6 coup-attempt receive punishment: white-collar crime-free legacy

 

Ex-Im bank reauthorized 17 times: evidence that it is unnecessary: we subsidize Boeing

Russian sanctions not working: Oligarchs moving their assets to Turkey: US can’t grab

 

SCAMS/SPINS:

Biden wealth tax 20%; Average worker 32.9%: Buffett pays 17.7%; Richer pay 8.2% or $0

Wealthy have NO taxable income: Most wealthy use intricate legal/foreign centers for job/assets.

Hundreds of tax accountants ready to negate Biden new taxes: ‘double Irish’: audits down 72%

Rick Scott wants all to pay tax: start with big avoiders like Rick, Trump, his friends and others

 

FTC sues TurboTax to stop ‘misleading’ ads for free tax prep software: IRS free file

SEC asks advisors: act as fiduciary if taking hidden 12b-1 ‘wrap’ fees, wrong class fees

 

Apple & Facebook gave up our data to hackers pretending to be law officials: no warrant

 

Alpine Securities caught misusing customers funds, excess fees, no notice: defrocked

Naseem Mohammed Salamah caught stealing $968,000 promised diversify; ignored stmts

Edfinancial Services caught deceptive & misrepresenting forgiveness options to students

Michael Pellegrino Goldstone Financial sold notes from 1 Global Capital, a fraud 

 

Hunter Biden $1 million deal China Energy: leveraging Dad’s history: bribery? Payoffs?

One dictator asks other for help in winning election again: What Putin gets from Trump

Prince Jared gave Jan 6 lawyers a piece of his royal mind: “truth and nothing but”

 

982,000 dead: 61% of unvaxxed are Republican: GOP trimming voters for 2024

‘No’ to anti-lynching bill: Andrew Clyde (Ga.), Thomas Massie (Ky.), Chip Roy (Tex.)!

Price controls for drugs: do you have to be rich to be able to afford lifesaving drugs?

 

Biden gets to the root of our problems, finally: “Putin is butcher” Russia complains.

Putin “smash and grab” Swiss watches in retaliation for taking his ‘secret’ bank accounts.

Putin to take East Ukraine: split East & West like Korea N&S: Putin killed 2014 plane

 

Fake protection against nuclear war: temporarily protect potassium iodide price double

Fake “Top Doctor” Awards had chosen journalist: friends nominate anyone:  Just $289.

Recall Skippy with steel fragments for your “daily iron requirement”

Ikea will pay you to get its old furniture back: some restrictions apply!

 

Jobs

600,000 cyber security jobs that remain unfilled: Cyberseek

Companies making remote work long-term for now: saves gas

Corporate profits rose 25% in 2021 yet 1/3 of workers make $15 hour: $2,400 mo. gross

 

 

Who owns your account now?

Abortion bans by state map: where can someone in need get help

I know, people, not guns kill but counties with highest gun deaths lack any controls

FL teachers become morals police for state gov: teachers become behavior monitors.

 

RIA Eaton Vance WaterOak Advisors to CI Financial Canada

Navy announced it will christen a future ship the USNS Ruth Bader Ginsburg 

Constellation Insurance to Ohio National Mutual

 

Miracles:

Antarctica ice shelf size of NYC melts into Atlantic: a first in history: move inland!

Vampire bats are the only mammals that can survive on a diet of just blood.

Alliance for Public Health shows American assistance reaching patients in Ukraine war 

 

Covid supplies and tests via website search engine: https://www.covid.gov/

 

 

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/

 

Teach you kids to triple their assets

 Make the new year better

New year fresh start for your kids/grandkids

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 $2,500 a monthly in a retirement supplement. Your kids use the Buffett investment strategy for any amateur. Buffett recently proved his method, though simple, beat the strategies of the best hedge funds. Start with only $1,000.

Start in 30 minutes: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

Why our readers use low-cost efficient Vanguard funds

World's greatest investor's retirement advice: Retirement income for life from 2 Vanguard funds. Avoid “high-fee managers” Warren Buffett's personal 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 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 your financial sales firm with higher revenues. The average investor earns just 3.79%, not the 10-12% market rates. (QAIB)

 

2021 Total Return Fund                    Long-term Return      Longevity

29.0% 500 Index                                             11.2% since 1976

27.3% Energy                                                    8.8% since 1984

12.9% Extended Market                                  10.7% since 1987

14.7% Health                                                   15.8% since 1984

00.0% International Growth                              11.4% since 1981

22.2% PRIMECAP                                         14.0% since 1984

17.8% Small Cap Index                                    10.6% since 1960

08.4% Wellesley Income                                    9.6% since 1970

28.0% Windsor                                                11.4% since 1958

29.2% Windsor II                                            11.2% since 1985

18.9% Average                                                11.5% *

            *Average Annual Returns as of 12/31/21

 

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

 

Why automatic investing is so successful

If your investment plan is NOT on automatic, you may be missing the second best strategy. After the miracle of compounding, investing every month—buying more when prices are low and less when higher—usually beats market timing. Think of it: you don’t need to decide when or how much to invest. There is no rush to buy on the dip or guess when your stocks/funds are at their peak gains. You don’t have to fret that you may have missed the 10 best days of the stock market rise each year. Proof: Fidelity analyzed the most successful retirement accounts of all its clients. The most successful accounts were those that were NOT changed—no selling. The accounts that were forgotten or client died gained the most over time. Investing benefits from the miracle of compounding—dividends/interest reinvested—when there is no market-timing buy/sell trading. Auto-invest strategy takes our emotions out of the process. We don’t miss the best 10 days of gains since they are NOT predictable. We don’t sell at the wrong time.  

Ride the wave: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

 

 

Is Bitcoin right for you?

If you own BTC you have had a wild ride this year. If you don’t you probably earned 27% in the real market. If you own BTC you know this is a speculative play and if you cashed out at $50,000 before it fell to $31,000, you are probably happy. If not you are sad. There are many professionals that feel this game is worse than the Ponzi scheme of Madoff. Why? Because there is nothing real here. And you can’t use it to buy anything except in El Salvador and Tesla auto. And many accounts have been hacked. You may be able to make money with your account but it is hard to guard the value. It may drop a lot on one day but you never know how much you will have from one day to the next. Yes, there are folks who have won the lottery in Bits but not everyone wins in Ponzi schemes. One unit is $50K or more so you can’t create a 401k this way. The tax situation is fluid too. The IRS has not figured out how to regulate this phantom yet.

Use a real tax-free account with real money: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

 

Why Mad Money Cramer recommends index funds

AARP interview: “If you’re going to buy a company’s stock, you have to know what they do. You have to know who their clients are. You have to know how they do when the economy’s doing well and when the economy’s doing badly. You have to read articles about the company. You have to read the [transcripts of] conference calls [in which companies discuss their financial results].​ If you don’t have any time, you just own an index fund; you own good with the bad. It’s perfectly good for an individual to own an index fund.​ People are unwilling to do the work. I have friends who tell me, “These stocks seem OK, and so I’m just going to buy them.” And I’m, like, “No, please don’t do that. Please don’t do that.”​ The 500 Index fund only has the top grossing firms. They would not be in the 500 fund if they were ‘bad,’ as Cramer said. Over time, the average advisor account earned just 6.2% vs 500 index 10.7%. Picking a successful individual stock is a lot harder than Cramer implies. Every analyst picks bad stocks, even Cramer. Warren Buffett’s unbiased advice: buy an S&P 500 index fund.

Take their advice: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

 

Wealth building hype can mislead you

Most articles you read about investing are written by journalists, not actual investors or folks who work in the financial field. Building wealth takes time, patience and commitment—all of which don’t sell books, magazines or TV shows. One article says you can start with $1 using an app. No. A low-cost investment account requires $1,000 to start. And $250 a month for about 30 years will create a nest egg of $700,000. It also promises that a “quality financial advisor could turn $500,000 into $3.4 million in 25 years.” No. The average advisor account earned just 6.2% vs 500 index 10.7%. A prominent financial analyst calculated that the average advisor fees will rob you of up to 63% of what you could have had using a low-cost stock market index. Pay more; earn less. The article promises to cut your car insurance by $700 if you use the author’s sponsor. No. All financial firms promise huge savings using one very unusual example. You may save by shopping 3 different carriers every 2 years but you will need to change your deductibles, drop coverages and benefits you don’t need. You may save $700 over 10 years or more. The article promotes a home warranty so you “don’t have to worry about fixing your home” heaters/appliances. No. These contracts don’t cover everything that goes wrong and cost more over time than you could accumulate in an account. The article also claims you can make “some money” watching videos and taking surveys online. No. Your payment for a survey is no more than $10. Use the time to learn how to build wealth from those who have actually done it like Warren Buffett and John Bogle.

Their strategies actually work: https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045

 

 

 

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

 

 

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

 

 

The Path to Dictatorship: 2010-2030

 

 

Proud Boy: 'We took the Capitol’

 

Who paid for the Jan 6 Coup?

 

Most terrorists free … to try again

 

Trumpers purge the disloyal

 

Big money pays Big Lie

 

Defense mandate ignored

 

Terrorists blame gov spys

 

How Govt wastes our money:

FL makes new record cases 31,758: state health public policy to kill people is working 

National guard spreading covid in some states: will military side with terrorists?

Biden hides Trump documents: Jan 6 coup-attempt terrorists applaud

 

 

SCAMS/SPINS:

GOP has changed voting laws in 17 states to make sure they don’t lose elections: Fix is in

Sue for Truth: GA poll workers sue One America News, Giuliani debunked fraud claims

Trumpers fire death threats at folks the Leader doesn’t like: no one left to oppose Leader

 

GOP abortion bans: few men rethink family planning choices

 

German pastors giving vaccinations for all to save lives

When will airlines make vaccination mandatory so all flyers protected? 850,000 dead

Anti-vaxxers need own hospitals so I can get my surgery: their ‘personal choice’ hurts mine

“Guns for protection” fails: gunman shoots, kills before victims have time to draw/shoot

 

Who leaves loaded gun around 3 year old: killed herself on Christmas

We are killing each other faster than ever

 

Airlines switch to cooking oil to cut jet emissions: funny smell in the air

Kia and Hyundai engine fires draw regulator probe: 2011-2014

Drug stores refuse blame for opioid deaths: makers went bankrupt; doctors fight suits

Medallion Financial caught inflating stock price: lender to taxicab medallion buyers

 

Jobs

Raises for senior staff: if inflation is 7% my salary increase must be 10+%

Unemployment comp raised for anti-vaxxers only in GOP states: buying votes strategy?

Can anyone live on $7.25? 20 states remain below poverty: $15/hr is goal in most

 

Who owns your account now?

Gov stops Tesla from letting drivers play video games while driving: See why need gov!

See why need mandate vaxx: Pediatric hospitals in states filling fast: Save our kids!

Gov pays for your funeral from Covid: vaccine costs less

 

Metromile to Lemonade: app to measure how much and how safe clients drive.   

Our home prices surged 18% in October: Phoenix up 32.3%

Morgan converts mutual funds to ETF to compete for new money: stop share loss

 

Miracles:

TSAer jumps line: saves infant not breathing: Santa spirit is everywhere

Virus-shapes decorated deserts at Prague café: creativity fights plague

Covid pills for specific use: you gotta read the directions if your script is filled

 

Unmarried advisor to millions of couples offers marriage advice: “Please, Thanks, Sorry”

Best of 2021 events: Cheney & Kinzinger stood against the overthrow of our government

A 6th Grader Saves the Lives of Two People on the Same Day

 

Jan 1 ’22: Congress ban most unexpected charges from out-of-network providers:  YES

Alaska sets December temperature record at 67°F: 67 Wow! Dec 26

Tahoe snowfall 202.1 inches breaking a 50-year record.

 

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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