Why investing in
gold and gold IRA is a bad idea
Gold is a thing and
that requires protection in a safe place. Gold has neither dividends like a
stock nor interest like a bond. It does provide inflation protection over long
periods of time. There are better ways to beat inflation even in the short
term. Since gold produces no income, there is little reason to keep it in an
IRA. In fact, turning a capital gain asset into a high personal income tax
asset makes no sense. Even as a long-term asset, gold falls short. In general,
gold performs relatively poorly when stocks are in a bull market. One
reason is that gold is not an income-producing asset, nor does it represent
growth in a particular company or sector. Rather, it is valued for its relative
scarcity. Right or wrong, gold is widely viewed as an inflation
hedge—a reliable measure of protection against purchasing
power risk. The precious metal may not be the best option for
that purpose, though. Some view U.S. Treasury bills as a
superior safe-haven alternative to gold but Buffett’s choices create
the safest portfolio.
https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Make sure your child learns how to invest the
Since it is difficult to predict your child’s future financial success, you can give them a foundation on which to build. The most important lesson of those living in retirement is that starting investing early makes life more secure. Since automatic investing from your checking account makes it easy to invest a small amount each month, begin by having $100-$250 sent to your low-cost mutual fund provider. Low-cost tax-FREE accounts mean you don’t waste your money paying commissions, fees, or taxes. Your kid’s account grows on 100% of your contributions. Investing $100 a month can grow to $1/2 million in 35 years using a 500 Index fund. At $250 a month, they have $400,000 in 25 years. Use a special investment account and they don’t give up 63% of their total accumulations. No income taxes mean they can keep 22% more.
Start here Jan 3: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355
How did you do in 2023?
Hopefully if you pay your advisor/broker to keep you in the pink, you did
better than the top low-cost Vanguard funds. Most of these funds owned by my
readers cost less than 0.25% per year with no commission, purchase, redemption,
or marketing 12b-1 fees. Most of them do not trade so there are no market
timing mistakes. Few if any readers tried to sell before a potential market
drop. They stayed invested so they would not miss the market up-tics. Those who
sold out may
miss the quick upturns that can happen in a 10 day lurch.
https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Stocks on sale: Now is the time to get bargains for the coming years
Tesla stock fell this week alone — and has dropped around 65% in 2022. Despite the craziness, some readers are buying now since Tesla leadership in EV vehicles is established. The other tech stocks are a buy also. The S&P 500 Index stocks are down 20%. This means you can buy all your favorite companies—Apple, MS, GM, GE, ATT, Amgen, Pfizer, J&J—with one contribution at a discount. When would be a better time to buy ALL of them? Warren Buffett: be “fearful when others are greedy, and greedy when others are fearful.” Everyone is selling; now is the time to buy. Consider what happened the last time the stock market lost 20% or more. Usually the market recovers and returns to its norm of 11% per year. Over time, your account of a buy and hold low-cost stock index provides $1 million in 35 years at $250 a month.
The
Finding more cash in 2024: fight recession
Being frugal can be fun. Your goal is to see how much you can save to protect yourself from any emergencies. Shop for less expensive car insurance. We saved after GEICO raised our premium for 2 cars and Umbrella liability by $230. Ask your cable guy to cut out what you have not been using. Do you still need whole life insurance if the kids are gone and you have a retirement fund? Invest your $3,000 tax refund—stocks are on sale—20% off from highs in 2021. Consider using low-cost index funds since your advisor/broker may be costing you up to 63% of your long-term accumulations. Paying 0.04% per year on your $500,000 portfolio instead of 1.5-2% means saving $10,000 a year; over $200,000 over 20 years. Is your mobile phone costing you more than $100 a month? There are less expensive alternatives. Slow cooker carrots, pot roast or meat loaf week’s dinner at $20 total. Instead of buying a new car which loses HALF its value in the first 3 years, find your model in the used car section. Save $250 a month ($3,000 a year) on finance charges.
Save $3,000 a year: https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X
********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
govt overthrow failed: guns
& bombs were ready
Trump
engaged in a "criminal
conspiracy" to stop Biden
“I
don’t f—ing care that they have weapons”
Trump was “detached
from reality”
Trump
used mafia-style intimidation on the defenseless
Trump still terrorizing
election woman
Parscale: “a
sitting president asking for civil war.”
Trump:
“Just
say the election was corrupt and leave the rest to me”
GOP fascism: “RINO
hunt armed; no bagging limit” J6
comm threat
January
6, 2021 “A
date which will live in infamy”
Trump’s Supremes END
personal rights & state
laws except for weapons
WMDs
Fascism: GOP
to stop women leaving state for abortion
It’s
not a court. It’s a junta: Two Americas
Trump: President
Biden is 'enemy of the state'
Christian
Nationalist Party (CNP) replaces
GOP
Apr 9 Illustrated
Anne Frank book removed by Florida school
Apr 21 Trump: “I
am your justice”
May 9 Trump
guilty of sexual abuse
Jun 8 Trump
indicted by the United States of America
Violation
of the Espionage Act
Conspiracy to obstruct
justice
Making false
statements
Conspiracy to defraud the
Conspiracy to obstruct
Congressional proceeding
Obstruction of and attempt
to obstruct an official proceeding
Conspiracy against right to
vote
Attempted coup
d'état by
any other name
350+ people have
been sentenced to jail or prison.
Trump and His Gang Get the Mob Treatment
Aug 4 “IF
YOU GO AFTER ME, I’M COMING AFTER YOU!”
Mobster
#1 Enrique Tarrio gets 22 years
Mobster
Stewart Rhodes sentenced to 18 years
Mobster
Ethan Nordean gets 18 years
Mobster
Dominic Pezzola sentenced to 10 years
VIOLATION OF THE GEORGIA RICO (RACKETEER INFLUENCED AND
CORRUPT ORGANIZATIONS) ACT SOLICITATION OF VIOLATION OF OATH BY PUBLIC OFFICER
CONSPIRACY TO COMMIT INIPERSONATIN PUBLIC OFFICER FIRST
DEGREE
CONSPIRACY TO COMMIT FALSE STATEMENTS AND WRITINGS
CONSPIRACY TO COMMIT FALSE DOCUMENTS
FORGERY IN THE FIRST DEGREE
CONSPIRACY TO COMMIT FALSE STATEMENTS AND WRITINGS
FILING FALSE DOCUMENTS
SOLICITATION OF VIOLATION OF OATH BY PUBLIC OFFICER
FALSE STATEMENTS AND WRITINGS
SOLICITATION OF VIOLATION OF OATH BY PUBLIC OFFICER
FALSE STATEMENTS AND WRITINGS
“Wannabe
Dictator” to
run our House of “Representatives”
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
Biden auctions
35,000 acres of land in
812,000
Wasted taxes: NASA
builds gravity machine to live on Moon Mars but people get sick
NASA
pays $1 Billion to destroy Space Station: Wasted taxes
SCAMS/SPINS:
Congress
disgusted: Thirty House members: 19 Democrats and 11 Republicans quitting
Many
GOP states are overriding Dem cities, DAs, election offices, limiting local
control
GOP Bill to 'Fast
Track' Social Security Cuts: wealthy
take worker’s earned benefits
IRS: how to avoid tax scams: video
provides tips
Probe into 73,000
Chevrolet Volt cars over loss
of power
Honda
recalls more than 300K Accords, HR-Vs: seat belts fail
Bank
Annuities sold on unrealistic
returns, vague terms on return caps and floors, fake tables
BofA Securities
engaged in 717 instances of ‘spoofing’ (fake
trades to create attention)
Recall: cantaloupe, peaches,
plums, nectarines Listeria
outbreak large
stores
France
to ban smoking in parks: create a "tobacco-free generation by 2032
Israeli
airstrikes on
Sassi Mizrahi CA
caught wire fraud Ponzi
on 40 community members: 7 years jail
Christopher Kennedy
using phone while taking 7 exam: told
reg “no phone”: suspended
Rep. George Santos
expelled: too many violations and illegal acts to ignore even for GOP
Judge: Trump
is not immune from civil lawsuits
Jobs
Fewer
jobs, higher rents: 55% of young adults lived with their parents last year
jobs.interestingengineering.com/
Who owns your account now?
Best
& Worst Digital Wealth Management Providers: J.D. Power
Fewer of us say we
can cover
six months of expenses using just our savings
7 Senior Living
Facilities With Top
Marks From Residents & Families
5 Home Improvements
That Help You ‘Age
in Place’
Veteran Homelessness
Drop Offers Hope for Others
Miracles:
Gene
therapy rebuilt boy’s immune system. 32 mo after therapy he made own antibodies.
Miracle
shots: winners-2023-natural-landscape-photography-awards/676006
Bee Gee’s Barry Gibb
has written more
hit songs than almost anyone
Pope
takes away bishop’s free apartment and salary: source of “disunity”
Bethlehem
cancels Christmas festivities
Berkshire’s Munger on
getting rich on a salary: guide to his contributions
@
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.
A ‘particle’ is an event;
not an objective thing. This event is set of complex relationships.
Mass–energy
equivalence: E=mc^2. At the smallest
level; Everything is moving
Energy into matter: scientists
converted light energy directly into matter in one step
In place of atomic
lattice, light
waves used to create an optical lattice with same geometry
Physics Nobel Prize:
“entanglement” 2
particles share info instantly at a distance
Quantum
mechanics violates local realism: two objects behave as single system at
distance
“It may be that gravity and quantum mechanics are
exactly the same thing,” Leonard Susskind
Gravity
might induce the collapse of quantum vibrations into 1 quantum state—our
world
Strange state
of physics that allows energy
to flow frictionlessly through a material.
Bending light from
extreme gravity reveals largest black hole
so far
Curved
SpaceTime: heavy masses and simultaneously quantum effects become visible
There is no TIME at this
level because of force fields come and go in all directions.
Universe expanding: events
may not come together like they did before: created our time.
Our planetary
system: rarest
system: only 1% of all systems with same number of planets
Stars fueled by the self-annihilation
of dark matter might have been spotted for the first time by JWST
Inside protons,
neutrons, it
is the fields of the virtual particles that creates its mass.
Gold
made from neutron stars: collisions produce more neutrons:79 protons,118
neutrons
The proton
is so complicated science still finds new energy entities/forces every
year.
“Empty space is a
boiling, bubbling brew of virtual
particles that pop in and out of existence in a time scale so short that you
can’t even measure them.” Space expanding.
New method to study systems
with long-range interactions: previously puzzling experts
The electricity we use comes
from the field around the wire not from electron itself.
Natural
‘missing law’ explain
how
universe evolved: functions increase in complexity over time
Scientists
build 'baby' wormhole as sci-fi moves closer to fact: inside quantum
computer
starts-with-a-bang/universe-expansion-not-accelerating/
Physicists knew black
holes eventually disappear particle by particle. Now they think everything
else does, too.
Astronomers
discover raw
materials for life are present all across the Universe: methyl cation
@
We can apply for
Medicare online: https://blog.ssa.gov/apply-for-medicare-online
We can apply for Social
Security online: https://www.ssa.gov/benefits/retirement/
We can apply for
health care online: https://www.healthcare.gov/
IAN
973.746.2014
http://www.theinsidersguides.com/
Alerts available at http://dankeppel.blogspot.com/ No AI used in these comments
