How the Miracle of Compounding can help you
Unfortunately, most young people don’t understand or have even
heard about this Miracle. It is so important to your financial life that one of
the smartest investors, Warren Buffett, gives credit to this Miracle for his
reaching $100 Billion
net worth from his early paper route savings: “My wealth has come from a
combination of living in
https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513
Here is why timing the market can’t work for you
The 14 Best Days in
the Stock Market Since 1950: The S&P
500’s 5.5% surge on Thursday was its largest one-day percentage
gain since April 2020 and the 15th highest since 1950. Since 1950, in fact, the
market has been up a year later after 22 of the 24 biggest gains. For those
trying to trade out of the market at the top and into the market at the bottom,
you will miss many big swings. The ‘professionals’ who claim they can do this
are lying or got lucky on one call of the markets. Timing is not the strategy of
the great
investors: Buffett, Bogle, Ellis, Schwab, Lynch, Neff, Templeton, Graham,
etc. Timing the markets requires that you buy and sell often. This requires you
have an advisor/broker and that they provide a good story. It means you are
paying them out of your pocket. Buy and hold low-cost indexes have been shown
over and over to provide the returns
that beat traders. Looking back over the 20-year period from
https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Art as an alternative or counter balance to stocks
Some investors think art (pictures) is a fantastic alternative asset class that has outperformed the S&P 500. The average annualized growth rate on the 11 Paul Allen lots with public entry prices was just 6.2%. On average, Allen held them for 18 years before selling them. By contrast, even after its fall this year, the S&P 500 still boasts a compound growth rate of 8.9% over the past 18 years. Allen would have made more money just buying a low-cost S&P 500 index fund. This index is down 17% this year but in 2009 it was up 27.11% after being down in 2008 -37.22%; it was up in 2003 28.72% after down in 2002 -22.27%; it was up in 1991 30.95% after down in 1990 -3.42% and up in 1989 by 32%. This index provides over 11% over time and reflects every sector of the market. Recently it was dominated by the tech firms since it is structured along the current market capitalizations. But also recently, the Energy index soared. The index fund you pick must be a low-cost one so that you don’t give up HALF your gains to the seller. Art may help you broaden your portfolio but it can’t match the 500 Index as your primary retirement nest egg. Paul Allen already had his HUGE $20 B nest egg.
11% is better than bank’s 3%: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072
Getting through a economic recession
1. Make a budget with your family and write it down. Most folks don’t know how much money they are wasting because old habits take work to change. 2. “Shit happens” so make sure you have an emergency fund of at least $1,000. This is no time to look for extra cash. 3. Know how much you are saving since these times are when people are likely to think “we can make it up later”. The stock market is down 17%. I promise you it will gain 17% when the market turns around so this is NOT the time to quit investing. You will kick yourself later. 4. Checking your spending every other month alerts you to the deficit you are creating when you spend more than you take in. 5. It is the habit of good saving-spending balance that you must get right to live through this period. You don’t know how long this will last so don’t cheat on your own successes. 6. Savings must become the top priority. Most folks fail to reach their savings goals—new car, home, appliances, furniture, college fund, etc—because they don’t prioritize savings. 7. Most budgeters underestimate all the little things they buy. We justify the $5-10 daily buys as rewards. We waste over $4,000 a year this way. That’s a $400,000 hole in your future retirement fund. 8. Did you account for taxes? The average tax bill is about $8,000. Property tax is another $6,000. 9. Be realistic in your budget about spending. Budgets don’t work if you cheat or misunderstand what your costs are. I sign up for a certain streaming and then I forget to stop. 10. Card companies have trained us to charge it without knowing we can pay for it by the end of the month. The average household credit card debt is nearly $9,000 with a total of $887 billion in Q1 2022. It's the fastest rise in more than 20 years. It takes 3 years to pay off IF we stop adding to the balance.
Use your discounts: https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X/
Advisors secrets to persuade you into buying
A recent study showed that your advisor’s positive statements about your future can get your attention. Scaring you is an amateur’s way. Advisors use ‘enjoyment’ for boomers and ‘plan retirement you deserve’ for millennials. Advisors using technical jargon is NOT for you. Advisors pushing a product are not appealing to anyone. Lazy advisors use slideshows and different images to overload and confuse us. Too many images of inactive retirement life sends the wrong message. Too many demographic diversity images instead of diverse active ages ruins the message. Images of older white men in suits leave many cold. Women and singles can have a rewarding retirement too. The best advisors get you to talk about your interests and needs first. Genuine open-ended questions from an advisor can help you define what you need. You may not need a product. Find a fee certified financial planner (CFP) to help you organize your strategy and goals.
https://www.amazon.com/Get-What-You-Want-FINANCIAL/dp/1514751151
?**********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
Billionaires
paid $881 million for votes in 2022
midterm elections
Nov 2020 Wealthy
discredit election process
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'
Christian
Nationalist Party (CNP) replaces
GOP
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
Our smartphone applications
contain hidden Russian code: Army combat unit use
We spend
$millions returning to moon on a joy ride: could save Earth from asterioids
We bail out crypto
billionaires: Congressmen
paid: bankruptcy
makes Trump millionaire
IRA owners age 70½
or over option to transfer
up to $100,000 to charity tax-free yearly.
Biden
to protect MBS Khashoggi killer from suits: leverage for more oil?
SCAMS/SPINS:
Trumpists
cancel student loan forgiveness program: only The Leader has authority
Trump
to get his Supremes to cancel subpoena to testify re: Jan 6 coup
instigator
Trump has support of about 80%
of white evangelical Christians: Christian Nationalism
Trumpists’
first act: set up Benghazi-type witch hunt for Biden family sins
UVa shooter purchased 2
guns legally after prohibition to buy removed by state
37
GOP voted against law to make marriage legal: will
Clarence approve?
Jan
6 committee ends without action on the instigators of the only US coup: Trump
walks
Trump needs terrorist donors: "three-time
loser" tries again: “Justice
never sue candidate”
Lost: Every
election denier who sought to become the top election official
of a state lost
Lost: Lake
lost AZ gov bid after Trump backing
AZ voters approve measure to crack down on ‘dark money’: who
buys our elections?
Supremes allow
illegal racial gerrymanders despite
Do
not accept packages to reship; refuse unexpected packages; refuse money to
reship
We
have to ask for inclusive BnB price to find all fees: ask in writing
dollar-stores
caught overcharging: shelf and register price different
Patient
debt: profit margins top 29% in patient financing industry: Congress allows
it
Credit
bureaus fail to investigate bad reports and mistaken ratings: you must
fight them
Most discounts
bogus because the same sale price was offered before: fake prices
Airlines caught
cancel/delay air travel: $600 million reimbursement fines
Allen Hershberg caught
selling his own products outside his firm’s list: defrocked
Goldman Sachs caught
paying off executive who said toxic workplace for women: sexists
Are
home warranties worth the money?
Walmart caught
killing thousands on opioids: $3.1 Billion fine: stock up: lawyers paid
Crypto sales
like Ponzi scam: no actual value: as long as assets grow, can function
Jobs
Background checks filled with errors keep tenants and employees at disadvantage.
Who owns your account now?
Near-historic numbers of young people turning out to vote motivated by their issues
AZ Kelly, NV Masto hold their seats: Trumpists go home unsatisfied
Young
women broke hard for Democrats in the midterms
Auto repair delays: no mechanics, no parts: shop around or do it yourself
4 college savings plans (529) you can avoid: use the best: MI, UT
Prints
of a mangled car crash fetched $85.4 million: end of ‘civilization’ or
insanity?
Miracles:
Using the
gene-editing technology CRISPR to
treat cancer.
Electric vehicle
battery breakthrough enables 10-minute
charge time: stay cooler
Cancer
vaccine has successfully triggered significant tumor regression
Blood
test for Alzheimer’s? Cure?
CA
survives on bottled water: price escalates: shower at a mansion’s
sprinkler system
US to recognize our rights
in law to same-sex and interracial marriage: Supremes act?
Iceberg
on the loose: area equal to about twice the size of
World’s largest floating
wind farm off
Lab
Grown Chicken Gets a Green Light From the FDA
Karen Bass first
woman mayor of LA: 241-year history: won despite 11 to 1 dollars
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
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.
“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
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