You don’t need a financial industry sales person

 

Easy tax filling

Online IRS approved software is easy as answering questions. I have been using the Free-File vendors for years at https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free. I have used TaxAct, FreeTaxUSA, and 1040NOW.NET. I pay a small fee to have the same return filled in my state of New Jersey. I avoid all the commercial sites that say they are ‘free’ since they usually charge for some special form needed each year. In fact, one of the commercial sites, Turbo, has been notified by the FCC to stop claiming their service is ‘free.’ The benefit for using sites like FreeTaxUSA is that next year they have kept your name and address data so you don’t have to reenter your bank, broker, employer, etc data. This data will prompt you to find info that you may have not received or have forgotten to obtain. Some reviewers claim these sites are not comprehensive but I have found FreeTaxUSA to provide all the forms and calculations for our return of about 46 forms/pages. Plus we get our refunds by direct deposit in about 3 weeks. Check for your refund: https://www.irs.gov/refunds. Due Monday April 18.

Use all the tax credits you can: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

 

Will crypto assets support your retirement?

Many working people expect to receive huge gains from this new investment type, despite knowing very little about it according to a new survey. Responders were asked: ‘Where do you expect the greatest return on your investments over the next 10 years?’ Unfortunately 30% think crypto will provide the biggest investment returns. Stocks are second with about 20%, mutual funds 11%, real estate and NFTs show single digits. Younger people expect to retire earlier than older people as expected. Unfortunately, crypto is the newest ‘get rich quick’ scheme in the press and the top scam mechanism. Since schools do not teach young people how to invest for retirement, it is up to their parents with limited financial literacy to teach them. Most don’t know about the tax-FREE account available to everyone.

https://www.amazon.com/New-American-Retirement-System-Reserve/dp/1461030072

 

Do you use the power of compounding?

Most high schools don’t teach the most important aspect of managing your money. Most average middle-class parents don’t know how wealth is made. Sure they have heard that some people become wealthy by creating a new biz like Google or winning the lottery or inheriting their family legacy. But most young people don’t know how to use the miracle of compounding which Warren Buffett credits for making him wealthy. If your math teacher mentioned it at all, they probably used the illustration of how a savings account grows: a deposit of $1,000 grows to $1,010.05 in a year. Not exciting enough to remember by the time you start earning real money. If schools were allowed to teach compounding with examples from the real world, everyone would show this financial miracle at work. Thus a teacher would show the actual results of real returns documented by DALBAR, the unbiased tracking firm. For the long-term investor, the SAFEST investment is a low-cost stock market mutual fund compounding at the rate of 11%. An honest math teacher would then show a chart like the one of real accumulations over time in this book. The teacher could build a real table showing $250 invested monthly for 35 years with a total accumulation of $1.2 million:

Exciting: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

 

Not all wealthy hedge funds do well

Things have gone from bad to worse at Tiger Global Management’s flagship hedge fund. The hedge fund tumbled more than 13% in March, according to a person familiar with the matter, capping three straight losing months and a tough 2021. The decline was 7% last year, its first annual drop since 2016. Hedge fund managers produced aggregate performance of 10.3% in the year ended Dec. 31, down from 11.8% the previous year, returns of the HFRI Fund Weighted Composite index showed. Compared to a simple low-cost stock index fund return of 28.83% in 2021, 18.38% in 2020 and 31.74% in 2019, hedge funds have suffered from their high fees and costs. Instead of trying to pick securities and leverage returns, many wealthy folks would have been better off leaving their money in a stock index fund like the Vanguard 500. As a group, hedge funds have a net outflow because high costs must still be paid to managers. Tax-FREE account approved by the IRS is a better deal than a wager on a hedge fund manager.

https://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236/

 

Why are we paying a higher tax rate than the wealthy?

Bloomberg earned over $2 billion but paid only 4.1% in taxes. Ultra wealthy high-income Americans are not only privileged—they beat the system and pay less tax than we do. For them it is a game: not paying taxes. “That makes me smart” one confessed during the presidential debates. Jeff and Elon paid nothing recently helping to pump up the national debt—our children’s debt. Most corporations pay nothing. The middle-class pays more than most wealthy people according to Warren Buffett. We pay total taxes of 32.9%. They pay under 20%. The American system is withering away.

https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

You don’t need a financial industry sales person

I have been in the industry since 1987 and I came to the conclusion that most middle-income families can’t afford to lose up to 63% of their hard-earned savings/investing to the financial industry. From the inside, I saw that most financial clients are wasting their money on the tricks and hype presented by most sales folks. After obtaining all of the licenses from the industry, I can tell you that you don’t need to pay for the biased self-serving advice from the industry. The best and most useful information is available FREE—books and internet provide exactly what you need to be a successful investor and financial services consumer. First, no advisor knows what will happen with a security or the market next. Second, we know the probabilities of investment success by security type. Stocks and low-cost stock mutual funds provide 11% return over time—more than 10 year periods. Third, fast trading hot stocks finish last. Monthly dollar cost averaging provides the best method of investing. Fourth, buy all financial services from direct sellers not salespeople. Get three estimates of costs before you buy anything. Costs matter: https://www.amazon.com/Keep-Simple-Essential-Financial-Life/dp/1492258849

 

 

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

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Nov 8 2022 Trump’s “national revolution”

 

 

Another terrorist pleads guilty

 

Terrorist ‘follower’ found guilty

 

Terrorist ‘lawman’ guilty

 

Junior’s ‘plan’ to overthrow government: ‘We control them all’

 

 

 

How Govt wastes our money:

Justice wasting time on Trump’s stolen docs not on his attempted overthrow of gov?

TX charges woman with homicide but there is no Homo sapien dead: corpus delicti

Secret Service easily duped with gifts and fake badges: we pay a lot for un-security

 

19 GOP states prohibit prescribing abortion pills by telehealth or sending them by mail.

Yelp joins Citigroup in covering expenses for employees travel for abortion services

Drug pusher industry regulates the regulators: drug profits over drug safety: Oxy for all

 

FL GOP locks in future wins with new district maps: Dems lose

Fake transactions to fraudulently evade $61 million in taxes: IRS never catches wealthy

We are making new nuclear warheads despite having enough to kill Earth 10 times over

 

SCAMS/SPINS:

Sacramento killing automatic switch can fire hundreds of rounds per minute: no chance to defend

Every day in America, more than 40 children lose a parent to shootings: Wyatt Earp right

 

More boomers are retiring to the streets, living in cars: rents rise 33%, health goes first

Future of planet Earth is up to business to clean up its mess: they keep most tax money

Business unlimited election spending puts their Reps in gov positions, make laws, regs

 

990,000 dead: bring mask and test again: party spreader: third cause of death in US

Scam: voice clone to make you pay for your ‘kidnapped’ family

Gift card scam: Walmart helped victims claim return of $4 million

 

‘Zuck bucks’ virtual coins for Facebook and Instagram users helps Zuckerberg get richer

Car dealers gotten in price inflation spirit: how much more can they take advantage?

Car makers lost way: Not A to B: entertainment systems, tech centers, home offices, digital firms

 

Roger Ng, Goldman Sachs caught violate anti-bribery launder money laws: jail.

Robert David Jr, Morgan Stanley caught inflating client assets to trade w/o permission

John Winslow Edward Jones caught stealing money to buy gold: defrocked

 

NYC AG lets Trump slide: investigators have ‘crime evidence’: tax evasion mobster Al

Trump vows to release the terrorists if he takes over government again

GOP tries to rewrite US history of brutal slavery: Putin would be proud

Trump enforcer Mark Meadows caught: GOP voter fraud: lie about home: No Jail

Trump’s GOP will no longer debate for prez: too hard: moving ‘debate’ to Fox/RTN?

 

cryptocurrency scams promise huge gains: you missed them already $5,000 Mar 20, 2020

Retirees suspicious of using 401k balances to buy lifetime guaranteed income annuity

Fuel oil to heat home costs $5.25 but $3.77 for car gas yet costs less to make: ripped off

 

Hitting Putin: $800 million worth helicopters and howitzer artillery challenge next

Putin kills 50 women & children waiting to leave Kramatorsk: he left his dud missile

Russia headed for historic default on foreign debt: rubles don’t buy what they used to

Putin may not be able to stop himself: he is the only one: only force can stop him?

Pence Says He 'Stood Toe to Toe' With Vladimir Putin: like Bush ‘sees into soul’?

Even tiny Luxembourg supplies antitank weapons/jeeps: Estonia giving $240 million

Another big Russian boat seized: This one $735 mil could buy many tanks

 

Jobs

NYC subway cameras out during shooting of 10 in Brooklyn: hire camera repair teams

275,000 new hires in one TX area: child hunger still a problem there

 

Who owns your account now?

NJ gas price falls to $3.97 from $4.09 in 2 weeks

Buying used: check the VIN number on SaferCar.gov Note recalls, problems not fixed

Teen “persistent feelings of sadness or hopelessness” up from 26% in 2009 to 44% 2021

We are still trying to hail aliens with messages in Norwegian, geometry and funky music

 

Miracles:

Scientists turn back the clock 30 years for human skin cells: no more wrinkles!

47 Senators don’t support American promise: 53 to 47 first Black woman Supreme.

Kyiv comes back to life: triumph and sadness: it’s different 3 million left

 

 

Everything in the universe from sun to stones is made of subatomic ‘vibrations’

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

Mass–energy equivalence: E=mc^2   Everything at smallest level is moving!

 

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

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

Easy way to save for the future

Easy way to save for the future—use the money you save by buying direct: auto, home, life, other insurance and expensive 401k and mutual funds. Create a Wealth Reserve: use savings on financials you already own. The financial industry has changed so you can buy with discounts or at Costco-type outlets. Example: MetLife charged $983 for the same $300,000 30-year term policy as SBLI provided for $384. Their financial strength ratings are A+ and their underwriting requirements are the same. The difference, $599, over 30 years is $17,970. If invested, this difference can add $175,000 to YOUR Wealth Reserve when you need it. The SHOCKER: the median net worth of a 33-year-old is just $8,525 including home and car! Buy value not price: benefits are the same.

Build YOUR assets; not theirs! https://www.amazon.com/Your-Wealth-Reserve-Save-every-year/dp/107028288X

What will you do with your 401k or 403b account?

Retiring or changing jobs, you must decide what to do with your money. BEWARE: Insurance agent advising 401k rollover is illegal: Check the insurer’s fees! Unless your old employer has low fees and a large selection of funds, you should transfer your money to a rollover IRA at no cost. Federal workers will soon have new options that allow their money to stay. Two questions to answer before you decide what to do. Large mutual fund firms like Schwab or Vanguard usually offer more choices and lower fees inside an IRA rollover account than leaving your money with your old employer. A stock/bond balanced fund costs 0.5% at Schwab and 0.07% at Vanguard. Both offer low-cost IRA accounts. Vanguard’s fees are low because the funds are run at cost—there are no commissions or owners to pay. Fees over your lifetime can take up to 63% of your potential nest egg. Based on the timeline for this money—stocks for 30 years out or balanced for retirement now—your first step is to call your new IRA custodian. Let them do the paperwork and initiate the direct transfer so you pay no tax. Tell your old 401k administrator you don’t want taxes taken out. When your money gets to its new home, confirm the move amount and type. If you change jobs again, you have a place to put it and you don’t need a broker to move it.

Pay less; keep more: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

Are ‘Alternative’ investments right for you?

‘Alts’ are all the rage in the brokerage community. The argument goes like this: “multi-million dollar accounts have alternative investments and so should you.” Alts are private equity, real assets, derivatives, and hedge funds. Short answer: they are not worth the cost. If you had a few $ millions you would not be able to buy the same deals as the institutions that use alts. You are not an institution, so your goals can be met with less expensive vehicles. Higher costs, greater dependency on management’s crystal ball, less transparency, low tax efficiency, and limited or no access to the funds, all make alternatives unattractive. Alts are supposed to rise when your other assets fall. In recent history this has not been the record.

Use the better alternatives to alts: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Is your advisor just plugging in the numbers?

85% of all advisors us ‘model’ portfolios. You thought the $ thousands you pay every year—eventually costing up to 63% of your total possible accumulation—was buying ‘Wall Street professional money management.’ No. This study says your advisor does not have time to plan each client’s future. They want scalability—more money for them not for you. Just as in Mrs Blanding’s dream house, you think you are getting the “color of butter ‘yellow’,” the painter buys the standard ‘yellow.’ The painter knows you will never know the color difference. Since you are NOT getting top-notch professional management why not pay less and earn more. We are talking real money: $3,000 a year invested in a low-cost market index for 30 years = $700,000; in an advisor-managed account = $167,000. Forget the myth of ‘professional management.’ Earn more.

https://www.amazon.com/Fact-based-Investing-first-million-hardest/dp/1977574270

Need a graduation gift?

The greatest gift you can give is financial knowledge. No matter how much your young graduate makes, it is up to YOU to show them the Buffett investment strategy. Make sure they can make and manage money. At my first job, I had no clue which investment to use for my 401k contributions 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 about $150,000 instead of a Wealth Reserve of $877,233 about 33 years later.

YOUR choice: https://www.amazon.com/Give-child-leg-up/dp/1096505355

How did you find your car insurance?

Surveys usually look at all the factors but best is really determined by claims handling. You don’t want aggravation after the accident. Since price does not always show value, you need to keep both of these factors in mind. US News looked at over 2,000 claims. They rated satisfaction with the ease of filing a claim, customer service, claim status communication, claim resolution, overall value they feel their insurance company gives, if they’d recommend the company, and if they planned to renew their policy. Prices in 50 states, driver miles, violations, age and sex and type of car were considered. USAA is only for military had best rating. Travelers and State Farm were next. Geico had lower rates in most states. American Family car insurance was the lowest-ranked company on their list. Liberty Mutual did not provide rates. There are so many factors in your quote that this list is only useful as a start. Agents don’t always offer discounts. You must ask.

Ask for all your discounts:  https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

What regulators have done to us with their new rule?

SEC has put lipstick on a pig. The industry gets fat as they kiss us with sweetened lip service. GOP propaganda wins out over real significant change: Regulation is called ‘Best Interest.’ It claims to improve individual investor protections but look for the teeth! Since it does not actually define ‘best interest’ of the client, it lets salespeople drive through loopholes. Our ‘best’ interest is defined by the sellers, thus: “It doesn’t actually require brokers to act in clients’ best interests.” Most clients yawn at a broker’s ‘disclosures’: pages of legal boilerplate meant to keep clients out of court. The GOP had to kill the Fiduciary Rule in 2018 since it required sellers to ‘prove’ our interests were put above that of the sellers. The model: Certified Financial Planners have professional credentials to uphold. It took 6 years for the govt to incorporate all the concerns of consumers into the standards brokers/advisors/agents had to follow. We were losing $17 billion a year because we never got the ‘best’—only 2^nd best: sellers still sold high-cost or inappropriate products. It was like our doctor giving us the new expensive drug when the generic did the job. Doctors received cash and meals and trips to push expensive versions. The same happens in financial products. Annuity sale scams were the focus of the Fiduciary Rule. Sellers have always received incentives for giving 2^nd best the happy talk. The industry lobbyists got the Fiduciary Rule canceled in 6 months. Buyer beware!

Get the Best for YOU: https://www.amazon.com/Fiduciary-Rule-BEST-dont-overspend-anymore/dp/1530980275

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

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

“The campaign -- for him -- was always a marketing opportunity.”

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

Will voters who need ObamaCare vote for it?

Can a mob boss snub Congress’ subpoena?

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How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

Trump invading Guatemala: sending ‘advisor’ troops to stop refugees from Guatemala

Do our leaders want us to kill each other? There will always be psychos; sell 3 bullets/yr?

Tariffs: Tax increases on voters are now called ‘tariffs’: Trump’s propaganda tricks base.

Corporate income taxes fell from $296 billion to $162 billion in 2018 3QT.

Trump won’t let immigrant children play ball, learn English, get help. Money to golf.

Rick Perry reclassifying nuclear waste to ‘save’ money: shallow pits not leaky tanks.

Trump denies climate change as his Pentagon prepares for it: cost less now than later

Gerrymandering and PAC money destroy our democracy as much as Putin tipping scales.

SCAMS/SPINS:

HALF of us want dictator: above law, obstructs justice, hides info, snubs Congress

Barr’s ‘death wish’ may sink democracy: allegiance to criminal above the law.

Citizenship question: “hurt Dems and benefit white Republicans in redistricting.”

Price increases are now called ‘fees’ using unexplained ‘fees’ to keep ‘price’ low trick.

FL bans valedictorian from giving her speech: made joke about principal. Oh my!

Job offers that are just scams for personal data: fake ‘verify checking’ gets number.

WV Bishop Bransfield used offerings to pay off abuse victims and higher ups

From the beginning, popes, bishops, priests have been abusing children and women.

Protestants are abusing children and women too; just more subtlety.

Govt lets telephone firms charge us to block robos: these are our airwaves!

Insurer caught dealing claim in bad faith: victim gets $1.3 million not $50,000.

Avenatti indicted on 36 counts: stealing $ millions—disbar, extort, etc etc

SEC reg BI 'will mislead investors into expecting protections the rules do not deliver. 

Trump stops IRS from going after his election contributor Koch: fake tax shelters work. 

Trump allows payday lenders to continue worst credit practices. Desperate folks enslaved

Peter Baker, GA Elizabeth Oharriz, FL caught defraud investors with ‘prime bank’ scam

James Anderson caught selling products not offered by Ameritas: defrocked.

David Strnad MorganStanley caught ‘churning’ CDs lost $100,000 for client: no jail

MorganStanley made $ millions on Uber IPO but its wealthy clients lost a small ranch.

GOP still claim hedge fund managers tax break creates jobs: $ million lobbyists’ jobs.

Supremes confirm insider-trading is still a crime: but not for Congress people.

The dictator orders previous employees to defy Congressional subpoena? Hope arrested?

The Mob Boss can never go to jail: Trump has Kava as Supreme so no contempt.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, prez can change Constitution anytime.’

"Charging the President with a crime was therefore not an option we could consider."

Jobs:

Catholic in every way except in having optional celibacy for its priests: Bishop Njogu.

Walmart needs workers: college prep help is perk—management degrees paid.

Immigrants: 14% of our population, but started ¼ all new businesses; earned 1/3 Nobels.

Who owns your account now?

NJ law: protect ObamaCare benefits for state’s residents if Feds decline them.

LouisianaCare for all families w/o employer plan using state and ObamaCare money.

Drug prices high but Dr doesn’t track unfilled prescription: ask for generic alternative

Mortgage rates fell: 30-year fixed rate fell to 4.04% a 2 year low.

Best tax-FREE IRA account firms: review what is best for you—cost, face, service, trade

Is your charity making the right grants with your money? Check list here.

Miracle:

Ryan Keith Cox helped fellow workers get safe and then took a bullet for their safety.

Our President at his best on D-Day: Can he get more ‘introspective’?

One man’s small problem causes largest wildfire in California history:

IAN

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