Why smart investors do NOT sell high; buy low

Why smart investors do NOT sell high; buy low

Every time we have a severe correction like 2007-08 or 2020, investors have to re-learn the lesson of the sages: Don’t time the markets. Over the past 71 years, there have been 13 bear markets, lasting an average of 13 months, with declines averaging 25.8% before markets recovered. By contrast, the 14 bull markets since 1949 have been longer and have had disproportionate gains, lasting an average of 48 months and gaining an average of 129.0%. A $10,000 investment in the S&P 500 Index in 2004 would have grown to $36,418 by December 31, 2019, despite the 51% downturn of 2008–2009. Returns for other periods may have been less favorable and that other market segments may not have recovered from this downturn. As the Putnam chart shows, if you had timed the market and missed 30 or 40 best days, you would have lost money. Smart investors look at similar charts when they get the itch to sell. No one can predict the future!

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

25% of us are using our future money for today’s needs

Many Americans are raiding their retirement accounts to pay for basic necessities, including groceries and rent. Over the last two months, the average withdrawal from retirement accounts was $6,757. Half of Americans who were recently furloughed or let go have saved less than $500 for retirement in the past year — and 70% have saved less than $1,000, according to SimplyWise. Of those who have an individual retirement account, 401(k) plan or retirement savings account, 1 in 5 now plan to tap those funds. It is difficult to find other ways to buy food and pay rent, especially since Congress let us take the money without penalty. But if a job loss or severe economic trouble goes on for month after month, we could be devastated. Like the Great Depression, we may be standing on food pantry lines sooner that we think.

We may demand a big change: https://www.amazon.com/Americas-Socialism-Rich-little-people-pay/dp/1535218584

Recover your retirement fund

The stock market has risen to the level of last August. If you did not sell, you may be able to meet your goals and timeline. No one can predict the future based on the past because we have never been through this kind of condition before. Plus, no advisor can predict the future anyway. Since nobody knows when the market will recover and refill your retirement fund, it is best to do nothing. Warren Buffett, expert unbiased advisor, says "The stock market is a device for transferring money from the impatient to the patient." We make mistakes when we are in a hurry. No advisor can tell you which investment to buy now to help you recoup your lost ground quickly. Quick gains are for gamblers who are willing to lose or who can’t control their emotions. We can concentrate on what we can control—cutting expenses, building emergency funds, looking for a new job—not on conditions we can’t control.

Wait and reassess in 2021: https://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900

Women need a Wealth Reserve

Women generate just 83% of the retirement income men do. That’s $47,244, 17% less than the median household income for men ($57,144). To make it worse, women live longer than men so they need more, not less. You and your family can solve this mismatch by creating a special tax-FREE account I call your “Wealth Reserve.” Before and after you retire, build funds in your tax-FREE account. Only earned income can be contributed to this account at first. However, if you don’t work but your spouse does work, you can still invest in this account. You can contribute up to $6,000; if you're age 50 or over, it is $7,000. You can withdraw your funds tax-free. In retirement, you can let your money grow tax-FREE while you take money from your pension and other accounts. You can add to this account even after the wage earners retire. You and your family can make sure you have enough even as you live longer. Plus there will be no income taxes due on your long-term accumulations. This could save you 22% in taxes.  

Build a Wealth Reserve: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce/dp/1540435148

Is a reverse mortgage right for you?

Reverse mortgages allow you to spend down your home’s equity even while you continue to live in it, then pay the money back when you move out, often from the proceeds of a home sale. Last year more than 30,000 Americans borrowed against their homes in this way. During the last recession, some borrowers fell victim to high fees and questionable marketing tactics. Reverse mortgages are generally structured so the homeowner gets a monthly payment for as long as they live in the house. The loan comes due after the homeowner dies or moves out of the house. At this point, the loan will need to be repaid — which might mean selling the home in order to come up with the funds. The one you’re most likely to encounter is a federally-insured home equity conversion mortgage, or HECM. Most reverse mortgages have variable interest rates which may cause cash problems in the future. Go to a HUD-approved housing counseling agency and look for agencies specifically approved to provide reverse mortgage counseling. Although reverse mortgages may help you stay in your home longer, they aren’t cheap.

Plus all the maintenance, taxes and fees continue. As always with mortgages, it pays to shop around, getting quotes from at least three lenders, to make sure you get the best possible deal.

https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

Where do retirees keep their money?

There are many advisors who tell clients to use bond interest for retirement income. After all, fixed bond coupons paying 6-8% were ‘safe’ and guaranteed a fixed income compared to stocks. Recently, low interest returns have dominated the economy so this may not be good advice any longer. With the advent of Target-Date Retirement funds, some retirees have discovered balanced funds that manage stocks and bonds over time automatically. Some retirees have relied on balanced funds like Vanguard Wellesley Income fund for many retirement years—providing 9% returns since 1970. Some retirees and pre-retirees are taking note of the current tax rates and lack of forced sales for RMDs to move more IRA money to Roth IRA accounts. Later if taxes go up to pay for this pandemic event, they can use tax-FREE money to reduce their total tax expenses.

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

How Congress people make money with their ‘crystal ball’

Yes, there is a law against insider-trading, even for the wealthy and the connected. But law enforcement doesn’t go after Congress people who have intelligence reports we don’t see. They get away with it. They have their own system so they make sure few get punished. Plus, Congress people are rich enough to have ‘third party’ people (trustee) to trade on their behalf with the information. Take Rep. Phil Roe. He purchased stock in Zoom, the teleconferencing company, and Moderna, a company developing a vaccine, while dumping shares of Royal Caribbean Cruises and Disney. As markets crashed around the globe in early March, the ‘representative’ sold nearly 100 stocks over a two-day period. A spokesman said Roe does not personally manage his investments. So it is just luck that Roe’s trustee makes trades on the basis of knowing what is coming? Roe makes $ millions and so does his trustee. We are not fooled.

Use your legal tax shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Another way the wealthy takes our tax money

Trump and the GOP have provided another perk for the wealthy. Wealthy financial advisors keep our tax money (‘loan’ for employee salaries): big bonus. One firm, Lakeview Capital Partners, an Atlanta-based registered investment advisor with about $3.3 billion in assets under management, was the latest firm to disclose it received a Paycheck Protection Program loan from US. Do financial advisory firms which are already wealthy and receive about $33 million in annual fees ($3.3 Billion at 1% fee rate) really deserve $581,000 of our tax money? Lakeview is planning to keep the money under the ‘forgiveness’ regs. One critic: “these firms have to be in the position of dealing with bear markets,” he said. ”they know they don’t need the money. They know the loan was intended for small businesses like restaurants where they need to keep employees employed. It was not meant to be an indirect windfall for [advisors] RIAs.”

Robbing Us Blind: https://www.amazon.com/Robbing-US-Blind-fees

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

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

Mobster decides who gets food and who doesn’t (hint: politics)

Mobster: I decide which facts are real

Mobster: “Any difficulty and we will assume control but, when the looting starts, the shooting starts."

Mobster: “This Is So Unfair to Me”

No empathy

Mobster: give up your children or chance at life

Mobster: only good Dem is dead Dem

The plague was/is a sign

The Mob: virus is gone by Memorial Day (102,000 dead)

Absentee Congress: On vacation again

Congress: no more “checks and balances”

Twitter: ‘glorifying violence’ warning message to Trump

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy! 

Congress could fix dams, roads, bridges; instead of bailing out big biz who get bonus

Trump gives virus bailout money to your landlord: we pay twice—rent and taxes

We paid $ millions to develop remdesivir, but Gilead Sciences owners get all the profits 

Wealthy financial advisors keep our tax money (‘loan’ for employee salaries): big bonus

Ivanka will decide which small biz will receive our tax money: luxury designers/jewelers

SCAMS/SPINS:

Biden: “If you’ve got a problem figuring out whether you’re for me or for Trump, then you ain’t black.” ?

Open churches: “It’s our sacred duty to meet the spiritual needs of the suffering.” Revenue too?

Private religious schools receive bailout money: further goal for all education money

Paul Horton Smith CA caught Ponzi: selling fake securities: "private annuity contracts" 

Key Credit Repair deceived pre-paying customers; did not repair credit, ignored, lied, etc

Stifel, Nicolaus caught selling costly early rollovers of unit investment trusts (UITs). Fine

Apple listening to our private details without activation by us: “wiretapping entire populations”. 

We have had our data stolen average 4 times: even Microsoft just doesn’t pay for security

Supplements, “Ingredients for Brain Health” just another snake-oil con. Caffeine works.

Hackers blackmail you for the sites you have visited: Fake—they don’t have your data.

Trump fears: “people would print fake ballots and send them in.” from his Nov playbook

Trump threatens to close down social media platforms: doesn’t like fact checking!

BoA customers who applied for PPP loans have data seen: bank claims not seen in public 

Black TV reporter arrested while working to cover MN murder protests: police state?

Some delusional biz men outlaw masks in their bar/stores: virus deniers: 101,000 dead?

Scam Q&A: https://www.aarp.org/money/scams-fraud 877.908.3360

Jobs

JCPenney closes 242 stores in bankruptcy

MN Police KKK kill black man then cover it up: vid shows truth again!

Boeing asks 2,500 to leave

Hertz pays $16 million exec bonuses day before screwing everyone else: Great biz plan!

Big companies to hire half-a-million employees in months: more risk; more money?

Who owns your account now?

Food delivery CR ratings

Responsible health clubs refund fees during C-19 closing. Get your refund.

Insect repellants that work according to CR: 15-30% deet.

Antibody test: HALF are wrong so we keep infecting others

Miracle:

First human trial of a possible vaccine: safe and may effectively fight the virus.

Aerobic exercise—fast walking every day—maintains brain power for older adults

Mobster quits hydrox after real doctors tell him it can hurt him. But orange remains.

Novavax began to inject vaccine volunteers in Australia. Results in 2021.

VW must pay us for their cheating on diesel claims

First 3-D printed heart that works!

PA Town celebrates boy’s birthday with 651 vehicle salute!

Saint Cloud Diocese MN pays 70 sexual abuse victims $22.5 million goes bankrupt

U.S. Renewables Outstrip Coal For First Time Since wood in 1880:

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Resignation? Trump loses business people

Resignation ahead? The Don loses business people

Three fundraising giants decided to cancel events at his Mar-a-Lago Club: business is hurt by his comments on Charlottesville’s racial unrest. Trump business councils have been dropped as fewer members wish to be seen with him. His recent decisions have made it hard for executives to support his divisive strategy. Apple has pledged $2 million, Chase $1 million and Fox $1 million to counter his political turn to the right. Extremists want Trump to become more totalitarian and end Korean ‘evil’ threat. GOP voters want to postpone 2020 election so they can take DEMs off voter roles. GOP religionists have twisted Christianity to fit their politics and Trump wants to allow them to pay for GOP elections. GOP religionists want to end science as we know it: most GOP fail 4^th grade test. Last week, Corker (R-Tenn.) lamented that Trump “has not yet been able to demonstrate the stability, nor some of the competence, that he needs to demonstrate in order for him to be successful.”

How long can he continue to lose money before he resigns?

How can your advisor make money if you don’t have $ millions with them?

Advisors make money on transactions and their advice is geared to “touching” your money. If you only give them $100K, they hardly cover their costs. Here are some of the ways they try to profit from your account. 1) incentivize you to stay for more fees later by creating a higher setup fee and offsetting it with lower fees down the road, 2) set a minimum per strategy so you have fewer asset classes/losses, 3) using an automated model-based platform so they can just push a button to “rebalance” etc. 4) Advisors may use an annual fee instead of commissions. Depending on your goals and risk tolerance, you may be paying 2% for the “standard” model that actually costs 0.05%. If you just need someone to talk to when the market scares you, try a salaried advisor at the not-for-profits. Studies show you end up with more money the less you “manage” your money.

Use Warren Buffet as your advisor: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Our health care is safe for now

Insurance companies have saved our ‘bacon.’ They lobbied Trump to keep the subsidies for now. Instead of taking health away from the 22 million poor and sick and elderly, insurers who pay $ billions to tell our ‘reps’ what to do, we can breath for at least six months. Speaker Ryan still wants to give subsidy money to the states as bloc grants so they can close their deficits or whatever. Poor and sick and elderly do not run most state houses so the money will go to spending on stuff like NJ Christie’s $1 million white wash on his role in Bridgegate. Gov auditors say ending insurer subsidies will actually cost more not less and more people would have to pay higher costs and raise the deficit. Is single-payer like Medicare a smart alternative for those NOT covered by their employers? Insurer lobbyists will never let us try since our ‘reps’ rely on their funding.  

Is a 60 month CD right for you for emergency fund?

5 year at 2.53% and 1 year at 1.4% Synchrony Bank on 8/21. (I have no interest in this bank.) Since most banks pay close to zero, a CD even with early redemption (tax deductible) may be your best place for cash in a hurry. However, there are alternatives that may make more sense for you. Alt #1: Open a home equity line (usually costs nothing to open) if you have equity in your home. Alt #2: Use funds from a bond fund if you have one. Alt #3: Use funds from a brokerage account for a stock that is underwater and creates a tax deduction when you sell it. For instance, if you bought IBM 5 years ago you have lost 30% so far. That might give you a tax deduction and provide cash for your emergency. You can always buy it later when you have more money. BIG mistake many make is to take money from your future—your 401k or IRA or retirement fund. Not only do you pay more tax but you get a 10% penalty. Worse, you lose about $10,000 for every $100 you take out now because of compounding: time value of money. You are giving up too much of your future. People who have done that are praying they can make it through retirement with a part time job past age 70. Take a HELOC loan and cut your spending is the best choice.

Use an alternative: https://www.amazon.com/Compounded-Cash-Save-your-Self-Funded/dp/1515066096/

Outsourcing War?

The Don considered mercenaries we pay to kill Afghanis. It appears Trump’s generals would rather run the war themselves so we will be DOUBLING our troops in the Afghan war of 17 years. Generals and Trump don’t like to admit defeat so Americans will continue to die there. What can be done with another serge that was not done in the last 17 years? Is it really possible to defeat an enemy that don’t look different from the locals? And why can’t the locals be killing the people they think are enemies like in Philippines? Betsy DeVos, Education, had her brother mercenary Erik Prince, Blackwater (killed 200 Iraqs), pitch an outsourcing war plan to Trump advisors. Prince’s plan was opposed by senior military leaders including national security adviser H.R. McMaster. Trump claims he will win but short of nuclear annihilation, how to you kill people who look like locals?

We will spend over $1 trillion on fixing this country and you and I will have to pay for it.

Avoid the Afghan war tax: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Car buyer types: do you want low-cost transport or high-class look?

Vehicle reliability ratings don’t mean much to those who want an other-worldly experience when they drive to work or cruise the local MikeyD. If you need FWD to get over your city’s potholes and unplowed streets, you are looking for a SUV or tank. You do care about cost if you live a tight budget and travel far each day. I used to commute to PA from northern NJ every work day on highways at up to 70mph. My concern was longevity and cost. Ratings are out on reliability so I swear by Toyota and Honda. I picked up a used ’98 Camry for my 3 hour daily drive. Even after being laid off and working from home, my choice has been a used ’12 Camry. My wife found a used ’13 Outback for our bad NJ roads. We saved on insurance by shopping 3 insurers.

Got 7 of 17 discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage-ebook/dp/B009MA9FY6

  

Is a reverse mortgage right for you?

This expensive tool to get the equity back from your home is not the best way to do it. You still need to pay all the expenses of tax, insurance and maintenance plus the cost of the mortgage. The closing costs can be excessive despite what the paid spokesmen say on TV. A new trick by sellers is to promise that you can use a reverse to bridge the gap of income between taking Social Security at 62 with a 25% cut or later with an 8% a year increase over your normal starting age of 66 or 67. The consumer protection bureau has a warning after many complaints: the costs and risks of taking out a reverse mortgage exceed the cumulative increase in Social Security lifetime benefits that homeowners would receive by delayed claiming. Reverse mortgage sellers with hidden fees profit greatly from this product. An alternative may be a HELOC or equity line of credit that is usually free to set up. You pay interest at current rates without the huge closing costs. You have the choice of a reverse if you find the income gap is permanent. HELOC interest is deductible while the interest inside the reverse is not until you pay it off (usually when you leave your home and it is sold).  

Consider all costs first: https://www.amazon.com/Your-Hidden-Gold-Mine-right/dp/149034019X

****************

TrumpWorld

Goal: Everyone knows the Trump brand around the world

Is Trump really above the law in his actions? Pardon for his crimes?

‘I could shoot someone on 5^th avenue and not lose voters’

Trump boasts of highest TV ratings since ‘the World Trade Center came down’

‘Trump’ brand is all he cares about—it is all he knows. Trump vs America brand

Putin has captured Trump’s patriotism—Collusion with money-lending enemy?

Putin happy with Trump following Obama policy in Afghanistan: Taliban not in USSR

Trump promised to get out of wars: 5,000 sent for another 50-100 years. No way to win!

Putin’s latest hackers: jam our Navy radar and use other countries to ram fleet Wow!

Trump group places mob ties above country; it’s about money POWER not US service.

Russian lobbyists guide Trump crew and GOP on business interests toward Russia.

Trump is still just a mafia contractor from Queens—Fred taught him to be The Don.

Like mob boss, he threatens Senators—his own Attorney General

The Don threatens Attorney Gen and Prosecutor Mueller. Wants FBI his personal police.

Receiving stuff from ‘foreign power’ during campaign is illegal—even for idiots.

Mobsters don’t call the FBI when Jr doing an illegal deal with fellow mobsters.

Trump’s FBI Wray promises he won’t give his employer a free pass. He got Christie off.

Bannon, white racist, US government official, calls KKK “bunch of clowns”

Putin has full access to our 2018 elections since Trump doesn’t help states upgrade now. GOP is doing nothing to protect voting process except making it harder for US to vote. 

Trump’s own commissioners are calling threat a “hoax” after amateurs hacked in 45 min

My Theory:

Trump got Russian help/funding for business from business/mob ties Putin.

No one expected him to win so no harm getting Putin help. Don owes Vlad’s mob money so they sent mob gofer Manafort to run the campaign. ‘Colluding’ Putin style.

Why Trump owes Russia so much allegiance.

TrumpWorld – using presidency to make money the old fashioned way: theft

Ivanka to capture NYC tourist dollars with shop at The Tower. All made in China!

Trump profits from governments and diplomats stay at Wash hotel. We pay cabinet stays.

Trump family expenses exceed government allotment – we pay for his business travel too

Supreme Gorsuch agrees to help Trump’s hotel profit from meetings

Dictator talk time:

“When the president does it, that means it is not illegal,” Richard Nixon

Trump demands the ID of all who used DreamHost anti-Trump site. Cancel voting?

Trump looks directly at sun: proof he is a god? Stupid? Role model for young?

Pictures of Phoenix rally: fake for propaganda just like Hitler used to do it.

“The president can’t have a conflict of interest.” The Don is above the law?

Quid pro quo: "something for something."

Farmers, ranchers, real estate developers get to pollute our water for Trump donations

Gas drillers on federal land get to pollute our air with toxic methane.

Religious groups can pay for elections and keep their TAX Exempt status. Constitution?

Coal companies get to make residents sick from mountaintop mining for Trump donation

Lincoln solution to TrumpWorld: http://www.latimes.com/opinion/op-ed/la-oe-blumenthal-lincoln-trump-20170713-story.html

How many Americans would vote to bring back Obama? He did things we need done.

Regulation is necessary: We need protection. Saves $12 billion of our money!

Trump cancels flood building standards so your local bridge goes out with more floods.

Global seas are about 3.25 inches higher than the 1993, according to Trump report.

New Orleans pumps fail so sea threatens as rain hits hard. Trump befuddled.

‘Global warming’ words banned by Trump but 2016 was highest temp in history.

Trump’s KKK leader in NC threatens to ‘burn’ Hispanic TV interviewer. KKK OKed.

Employees finally get their retirement money after 10 year fight over high fees on 401k

Exxon, like cigarette makers, have been lying about effects of their products for years.

Jeremy Drake HCR Wealth Advisors stole $1.2 million in fake fees.

SCAMS:

Wealthy spend more for less space—no tennis court, no theater room, no mega mansion

Car accessories you are better off without. Spoilers destroy gas mileage.

$530,000 Lamborghini too slow for electric sedan: gas engines overpriced.

Jobs:

Correction officers, no college, to $50,000, many states.

Cab drivers and other drivers see limited future.

Assistant medical examiners needed.

Information and Hospitality jobs show greatest wage gains

Teacher? Critical shortage makes quick creds possible.

Who owns your account now?

Fiat shopping Jeep to China car co.

Miracle:

Whale watching back in NYC thanks to Clean Water Act which Trump is canceling.

4-5 cups of coffee a day reduces risks 12-16% for 50-70 ages: helps with 8 risks! Wow

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Another billionaire tells us how to pay NO taxes

Another billionaire explains how to avoid paying taxes

Oil and natural gas billionaire T. Boone Pickens said Tuesday that he hasn't paid federal taxes in the past three years, as he's used a tax loophole similar to one believed used by Donald Trump. "Only a fool gives the government money it doesn't have to," said billionaire Leon Cooperman, who made his billions through Goldman Sachs. Last week, the SEC charged Cooperman with insider trading, saying the investor and hedge fund manager had used non-public information from a corporate executive about an energy deal in 2010. Our “reps” in Congress are giving billionaires these tax loopholes so they can use their bad business deals to deduct money they didn’t even put into the deals. Most of us can’t afford lawyers to create dummy business losses like billionaire business people do. Now they say they resent being vilified for taking tax breaks on their bad business decisions. They think they are heroes for making donations (Trump does not actually give his own money. He uses Ebers’ money.)

Don’t be a "fool"—pay ZERO tax on your gains: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Use your Tax Credits to avoid income taxes like Trump

Most of us receive only 4% of federal tax breaks like food stamps and Earned Income Credit if you are poor or the property tax and mortgage credit if you are middle class.

The Tax-Credit class pays less income tax with capital gains and dividends because it is “unearned.” So if you actually work; you are taxed MORE. For instance, Warren Buffett pays 17% on earnings while we pay 33% total tax. The tax-credit class pays NOTHING on assets they got from a “rich uncle” and on their home when they sell. Most of us don’t “itemize” so we lose all kinds of tax credits. The Tax-Credit class takes off medical expenses, job hunting expenses, and work expenses not reimbursed by others, deferred compensation (bonus and stock portfolio worth more later), investment costs, investment losses, stuff they lose, stuff they own. They can eliminate income tax by listing losses from buildings, race horses, farms, oil, leasing and businesses they own as partners, LLCs, C and S corps. Trump actually deducted $916 million but most of it was other people’s money. Some bank debt was cancelled which normally is taxable but not after RE lobbyists got Congress to change rules in 1993. Trump is tax-FREE for 18 years.

Use your Tax-Credits too: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

We could easily pay for all Social Security benefits and Medicare coverage for all
Our reps decide to give The Tax-Credit Class special breaks we can’t use. By eliminating these entitlement programs for the 1 percent and multinational corporations America could afford SS benefits and health insurance for all. Here are 10 Congressional programs that create Socialism for the Rich and the amount we pay in taxes for them:

1. TAX BREAKS FOR OBSCENE CEO BONUSES ($7 BILLION/YEAR) They still get $ millions salary.

2. TAX CUTS FOR LUXURY CORPORATE JETS ($300 MILLION/YEAR) We pay for their rides.

3. BIG OIL SUBSIDIES ($37.5 BILLION/YEAR) We no longer import oil or need to find more oil here.

4. PHARMACEUTICAL SUBSIDIES ($270 BILLION/YEAR) GOP Bush II gave them price guarantee!

5. CAPITAL GAINS TAX BREAKS ($51 BILLION/YEAR) Rich pay 17%: we pay 33% total taxes.

6. CORPORATE TAX SUBSIDIES FROM STATE/LOCAL GOVERNMENTS ($80.4 BILLION/YEAR)

7. HANDOUTS TO BIG AG ($18 BILLION/YEAR) Family farmers were bought out long ago; now wind.

8. WELFARE FOR WALL STREET ($83 BILLION/YEAR) Fed guarantee interest rate makes big bigger.

9. EXPORT-IMPORT BANK SUBSIDIES ($112 BILLION) Boeing GE guaranteed profit on sales.

10. FEDERAL CONTRACTS FOR THE TOP 200 COMPANIES ($880 BILLION/YEAR) No risk biz.

Congress has made the tax laws that create America’s Socialism for the Rich. Congress people who want to cut SS benefits and Medicare are playing politics. America could afford to provide what we were promised but we don’t have lobbyists for a payoff.

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

Is a reverse mortgage right for you?

Financial sales people provide many positive details about this mortgage—a debt that you don’t pay back until you die—but it is a costly transaction all the same. Some observers say: A lot of clients still resist the idea of a debt. You lose the feeling of independence. A borrower answers to a bank system. Using a reverse mortgage to keep your investment portfolio may help you but as debt it must be managed. Your advisor is not doing you a favor if they don’t explain the debt load for years and the real costs. Remember, if you already paid off a mortgage of $250,000 over 30 years, you gave up a total of $539,595.47 plus the total set up cost of $5-10,000. Since mortgage interest is deductible, a HELOC may help now. It is cheaper and you are still in control.

Consider all your options for retirement income: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

GOP will discard ballots with simple errors to support The Don

OH GOP officials are going to destroy ballots with no ZIP code or writing not in BLOCK lettering and other simple errors. An appeal was denied by a judge who is married to the GOP House Speaker William G. Batchelder. The period in which voters are allowed to fix the form was cut from 10 to 7 days, and elections workers were even barred from helping voters with the forms. Anything to suppress the Dem vote. Even Ryan’s home county considering Hill. NH GOP Sen. Kelly Ayotte says she is dropping her support for The Don. Carly Fiorina, Mike Crapo of Idaho, Sen. Mike Lee of Utah, Rep. Barbara Comstock, Martha Roby of Alabama say Donald Trump should step aside. Many states do not allow write-in candidates for president. Some GOP will go down with the ship. Others are burning up $45.8 million so far. Supremes decided to allow wealthy to decide vote. Only $7.1 million spent by the candidates themselves. OpenSecrets.org. In Nevada, labor unions and George Soros are up against Sheldon Adelson and gambling $.

GOP head Ryan says he is repulsed by The Don’s comments but … not enough yet.

Is investment portfolio “rebalancing” a smart strategy?

Wall Street advisors recommend this periodic selling and buying to keep your risk/reward balance of stocks and bonds where you want it to be during your accumulation period. However, tests over a long time period show that it may reduce your total accumulations. It may reduce your accumulation because you must pay for transactions and because you may miss a stock market’s boom. Rebalancing tends to reduce your portfolio’s volatility (a standard deviation of 14.4% with none versus 12% for the annually rebalanced portfolio). However if you have 15 or more years before retirement, your reward for a Buffett buy and hold strategy is 9% vs 8.5%. Over time, this means $613,805.95 vs $546,116.39 from 250 a month for 33 years of accumulations. If you use the dollar cost average strategy, you are already reducing volatility by buying fewer shares when they cost more and more when less. In retirement you will shift to lower risk and returns anyway to protect your gains.

Use strong diversification instead: https://www.amazon.com/Dont-Re-balance-Your-Portfolio-Research/dp/1508802386

Best 2016 Sedans under $25,000

Kia tops Accord and Camry on this list of 2016. Camry consistently holds its value after 3 years over many studies. Most will make it to 100,000 miles but are not the best deals for your money. JD Power dependability study asks owners after 3 years. Malibu and Sonata top rated. 

GOP religion excludes immigrants from marriage too

LA GOP religionists have effectively made it illegal for thousands of refugees to get married. Any foreign-born person wanting to get married in Louisiana must produce both an unexpired visa (even though a federal court has ruled that marriage licenses cannot be denied based on immigration status), as well as, somewhat inexplicably, a birth certificate. Many immigrants can’t produce birth certificates since none were ever issued where they were born. Indeed, many people born in LA have no certificate since they were born at home. Louisiana ‘Family’ Forum, which sponsored the law, claimed to be a voice for “traditional families” — a category that, in 2016, apparently no longer includes immigrants. Yet ‘traditional’ families married with no cert for thousands of years. America was built on toleration not exclusion. Let’s be tolerant of others.

GOP religionists fail Christian tenant: “I was a stranger, and you took me in” Matt 25:35

Is credit monitoring service $110 right for you?

The internet has made everyone concerned about ID theft and worse—scams that rob you of your sense of security. Many firms like LifeLock are profiting from these fears. Many firms charge over $110 a year to claim they protect you. Actually no firm can protect you (stop a thief from stealing your ID or bank account). Professionals with the help of their governments do crimes all day so if they can break into the government files they can easily take yours if they want it. Notification is key to limiting damage. CreditKarma.com and CreditSesame.com will watch one credit file for irregularities for FREE. You can  check your other files at https://www.annualcreditreport.com/requestReport/landingPage.action

Also go through every credit and bank statement you receive. We recently found bogus bank charges for Uber service we never used. Our bank reversed and gave new card.

Reality TV or ‘debate’ I can’t watch—Jerry Springer show?

Which liar will win American’s vote?

Neither can re-create jobs of the good old days!  I don’t see either one as President.

Do-Nothing Congress decides US future by doing nothing for more 4 years.

                                               

Don:    “Grab them by the p---y. You can do anything.” “For record, you never did that?”

            “I have not [grabbed P*y].” “His hands were everywhere.” 1 woman says. Now 5.

            It’s locker room talk—and still, conservative religionist cling to me as Savior?

            “Certainly has been an interesting 24 hours!” Ryan, McConnell still OK with it

            “Lecherous and worthless” James MacDonald quits Don’s religious council

            Hill, “you’d be in jail” by my special prosecutor when I am elected.

            Arnold tells me “You’re fired.” He says can’t vote GOP bec/ he is American 1st.

            House GOP don’t understand why Ryan quits helping Don. Morally blind?

            Why do they trot out these 5 women with false claims?—I had only 4 for Bill.

            “I think it makes him a normal person,” son says of grabbing women’s p***y

            I am your savior, “taking the slings and arrows, gladly, for you”

           

            Nixon refused to show tax returns too and Congress finally got $500,000.

            Warren Buffett says he does NOT deduct biz losses against income, as I claimed.

            Putin ally says vote Trump or face nuclear war.

“I can shoot somebody on 5^th Ave and wouldn’t lose voters.” Well, maybe U.S. women.

Billy Bush: I have a “tape of Trump being a real dog.” It’s ‘wolf.’ The Bushes Blush. 

Mike:   I don’t like Don’s comments but we can still take power to shut government

            “I forgave” Don for his actions but I can’t forgive Hill for her actions.

            Don does not seek my advice on policy on Syria. The Don is The Don.

            I can see him tweeting to world leaders all night about grabbing p**** in WH.

            “Don’t say that,” to supporter who plans to overthrow govnmt if Hill gets in.

           

Hill:    Conservatives really hate me if they can still vote for The Don. Moral values?

            I told Wall Street they should fix their problems bec/ they know how and why.

            My husband’s women have nothing to do with election.

            The Don says he will have his justice department come after me.

            But The Don said he has given up on the GOP—“unshackled me” to lose myself.

Buffett: I am under audit and have released my returns so The Don has political reason.

Tim:    Check the facts Mike: The Don is not really Prez material.

            Are the Russian hackers really working with The Don or just curry favor?

McConnell: “We’ll drop him like a hot rock,” Feb forecast of The Don nominee.

Ryan:   I just won’t appear with him to avoid being tainted by his ‘grabbing’ privates.

Bachmann: GOP House behind The Don—“masterful performance in the second debate."

Reaganites Opposing Trump. The god’s worshipers say The Don is no Ronald Reagan.

Trump “reminds me a lot of early Mussolini” Conservative legal scholar John Yoo said.

“The Only Thing Necessary for the Triumph of Evil is that Good Men Do Nothing”

Every successful civilization has died from the inside not from attack.

Regulators are the only protection we have since we can’t sue anymore

            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill                requires impossible: every person in class action suffer “same type and scope of injury”)

               Supremes stop us from suing—State courts no longer available to sue corporations!

Number 1 killer: Kia Rio--149 Deaths Per Million Registered Vehicles: are you next?

Wells stole $2.6 mil and fined but Apollo stole $40.3 mil from your pension: no fine

Navy Federal Credit Union caught making threats debt collection to its service members

Comcast caught illegally billing customers for unwanted equipment and services

RBS bank barred from handling 401ks collusion and interest-rate manipulation.

Christie and Kelly talked about Bridge-gate before it happened, Kelly’s lawyer claims.

Christie rep asks cops to take blame for closure and then blames them anyway. New job?

Wells Fargo mgr filed complaint about illegal fee creation scheme in 2011—ignored  

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

Police want gun control.

When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has gun hidden. You and real criminals both have guns. Body cams make it harder to plant evidence and stage scene for TV crews.

SCAMS: America’s election process—no issue debate; name-calling sex TV soap

Ignoramus Award: US guilty of war crimes selling arm to Saudis to kill Yemen funeral?

How our government wastes our money

Over $2.429 trillion for fed subsidies for energy, agribiz, etc etc. Solve SS, Medicare gap

Tax breaks for corporations total over $1 TRILLION, enough fix roads, SS and Medicare

Where have all the jobs gone?

AI deep-learning replaces radiologist—computer quicker “more accurately” than Dr.

Verizon has cut hundreds or even thousands of sales jobs in cell stores: market full?

Tesla doubles CA factory while Ford moves to Mexico for 2,800 low pay jobs

Wind turbine tech is the job projected to expand more than any other in 2014-2024.

Master’s Degree in Computer Science: $7,000 Georgia Tech Online

GM adds 650 jobs for more SUV in TN

Data engineering jobs at every company now—even small firms need IT today.

Who owns your account now?

LPL brokerage to _____________?

IAN

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