MONEY BALL for Investing: Winning in an unfair market
Your family beats Wall Street in the series because you use
Billy Beane’s lessons.
In 2002, Billy Beane did the impossible. He knew he could
not afford to buy replacements for Damon, Giambi and Isringhousen, so he hired an
unknown economist wonk who had a system. Brad Pitt (Moneyball)
explains his take on the system to his scouts. To win we need runs, so on-base
percentage is critical. Does not matter how they get there—walks are good. He
hires cheap players who have high on-base ratios. Scouts complain the new are
not “baseball material” or too old or can't play positions or girl friend is
ugly.
The
“professionals” think he is nuts. One is fired. Since the manager, Art Howe,
doesn't buy it, he does not use the new players. Billy trades Art's players
away so the manager is forced to use Billy's. Billy actually explains to the
team how they can win by using their strengths—just get on base. Belichick's
“Do your job.”
In his
book, Michael Lewis tells us how the economics of baseball work and how Billy
Beane, as a failed player, made history by NOT following the professionals'
'expert' knowledge.
How can your family beat Wall
Street 'professionals' over time? We take the Billy Beane approach.
First, we
acknowledge that we have a small budget for investing. We can't afford the
hedge funds, offshore tax shelters, and expensive Wall Street money managers
taking 2-3% a year. We use our economic ‘wonk,’ Warren Buffett.
Five steps to win in an unfair market: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409
GOP House claims to be conservative but gives Defense a
slush fund
GOP
votes to raise what we owe in national debt even more than Trump asked for so Pentagon can waste more. Amendments prevent
a new round of base closures (votes), establishes a new bureau for military in space
(plus NASA), limits an arms treaty with Russia, requires congressional
notification of cyberoperations and prevents recognition of Russian sovereignty
over Crimea. Bases stay open to keep votes for GOP that overspend. Same
group wants to cut $800 Billion for health care for the poor. Poor don’t live
in the GOP districts, as the GOP drew them recently. Gerrymandered into vote
ghettos
Avoid GOP overspending taxes: https://www.amazon.com/Tax-Free-Living-strategies-build/dp/1477452702
Do you know what you are paying your advisor?
Most of us have no idea how much we pay even when our
advisor gain/loses our money. Schwab provided this telling optic: https://www.ispot.tv/ad/AwfU/charles-schwab-father-and-son
There are so many costs that it is no wonder that Wall Street has
been so successful in hiding ALL their costs that we pay:
Redemption Fee
Redemption Fee
Why is it important? Because over time, we lose more and
more. Example: $10,000 investment in Vanguard Energy vs Fidelity Energy—over $2,000 more profit.
|
Profit/Loss
|
$5,760.22
|
$3,725.74
|
Plus, this list does not include taxes which funds report in
December even if you bought your shares late and had no gains. It does not
include your advisor’s annual account fees and charges, typically 1% a year. The
average ‘managed’ account earns
just 3.79% while the unmanaged
low-cost index fund earns 11% OVER time. Your advisor
may have taken outsized profits last year as MorganChase did. Your costs=their
profit.
Your choice: 11% or 3.79%: https://www.amazon.com/Millionaire-Mutual-Funds-Save-taxes/dp/1534939490
BEWARE: GOP will allow cuts to our Social Security and
Medicare in 10 years
The Social Security and Medicare trustees issued their 2017 annual report. “Both
Social Security and Medicare face long-term
financing shortfalls under currently scheduled benefits and financing. The
Trustees recommend that lawmakers take action sooner rather than later to
address these shortfalls.” Insolvency is on track for 2028 for the disability
fund and 2034 for seniors. Insolvent, however, does not mean empty; it means
that the funds would not be able to completely fulfill its debts to the public.
Instead of funding the system, cuts in benefits will begin soon as GOP head
Ryan has planned. GOP wants to increase the enrollment age. High
income people still are exempt from full tax.
Plan for GOP cuts now: https://www.amazon.com/Forget-Social-Security-Medicare-Lifestyle/dp/1466394285
Are you the victim of Wall Street Sales Hype?
Many investors give up 30-63% of their total investment
potential over time.
We are mislead about performance, fees and special product
benefits we are promised. We fall for the tricks like “this
strategy can’t miss” and “rare
once-in-a-lifetime opportunity to become incredibly rich.” We believe that
these securities can make us rich. FACTS: The average investor earns only 3.79%
over time. We believe in all types of sales hype. Our advisor convinces us that
the research they do will assure us of enough for our kid’s college and
guaranteed retirement income “we
cannot outlive.” Even the wealthy
are tricked by the “sophisticated” traders and hedge funds. Buffett says they
don’t listen to him because they think they are smarter or have
an inside track. It is time to hear the other side of the story—from
one who helped produce your advisor’s favorite marketing tricks and hype. Wall
Street has us chasing fewer good deals because more investors are finding the
alternative that lets them keep more.
You don’t have to give up 63% to succeed: https://www.amazon.com/Sales-Hype/ dp/1548534382
New TrumpCare with Cruz junk insurance change
Most GOP governors, medical providers and the insurance
industry see the new problems with TrumpCare. "We think it is
unworkable," said BlueCross BlueShield. She predicted skyrocketing
costs for taxpayers also, stuck with the bill for sicker patients. It gives
higher
tax deductions to upper incomes but employers may see it as an
invitation to drop health benefits. It gives states more money to shore up
private insurance, not Medicaid. Medicaid subsidies will be phased out and so
the poor, sick and elderly will die prematurely. Insurers will offer junk
insurance again (“all they have to do is dust off how they did
business before ObamaCare”) so many with a ‘policy’ will find it is
void with one-day hospital visit. American Medical Association is not happy
with the opioid grant. People in “drug rehab need comprehensive health
insurance.” NV gov Sandoval: "You think about the 210,000 men, women and
children, senior citizens, the drug addicted, the chronically ill,"
Sandoval said. "These are people that used to get their treatment in
emergency rooms, if they got any treatment at all. I keep going back to the
fact that they are living a better quality of life." Most states have “single-payor”
system now—one insurer can raise prices like EpiPen. Thanks to ObamaCare, Sen
McCain’s surgery is paid for by us. Congress get surgery before
ObamaCare repealed! Whatever happened to Trump
promise to make health care better for everyone? PLUS Congress
is exempt from their law. 74%
Americans want fix with DEMs.
TrumpCare destroys America ’s
promise to aid the poor, sick and elderly: https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260
Ultra wealthy grow assets; are you?
The number of people worth $30 million or more is growing according
to the World Ultra Wealth Report 2017. It reveals there are 226,450 individuals
worth $30 million or more around the world. That signifies a rise
of 3.5 percent from 2015 levels and represents $27 trillion in assets. Average
American incomes are rising at a much lower rate; widening the gap between the
rich and poor. Innovation coming from immigration and foreign students was
curtailed, causing more Americans to give up the dream of prosperity.
Most important issue: what do you do with your 401k or
retirement accounts—your income for the future? Many people take the money and
pay a big penalty and taxes. This stops your assets growing. It is TIME not
stock-picking that wins the wealth game. Rich people don’t work harder than you
do. They use compounding
like Buffett and so can you. You could have $250,000
or more by leaving your money alone. Best answer: let an IRA trustee roll
it over into a low-cost IRA account so there is no penalty or tax. More
important you let your money accumulate tax-FREE and low fees at Vanguard, TIAA.
Let your wealth grow: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938
What can you do if the market crashes?
To
grow your investments you must think like a business person and use Best
Practices: Compound high earnings. When the market is going up, many writers earn
their living voicing fears. But before you decide to “sell all before the
crash,” remember that there is no place to hide. Every market goes down and up.
Business will continue. Look at the record: enter IVV at https://www.google.com/finance?q=NYSEARCA:IVV
and click “all” at Zoom in the
chart. Since 2000 there have been 2 serious corrections, but your overall gain
is 77% as of July. Now, I ask you, where are you going to get that gain? If you
sold out in 2002 or 2008, you would have missed the sharp rebounds. If you went
to bonds (BND), you would have 9% since 2000. “The stock market is a device for transferring
money from the impatient to the
patient." Warren Buffett
Buffett’s secret will help you stay for wealth: https://www.amazon.com/Warren-Buffetts-Investment-Secret-Steeple/dp/1484189809
Need cash? Is a home equity line right for you?
Consider credit
union as your source for money when you are temporarily strapped. “You get
more back than you would belonging to a bank,” an observer says. “You get better
loans, you get better products and overall, we like to think better service.”
Banks don’t need your loan and but credit unions do because they serve the
public. If Fed rates go up as expected, you will be happy you have your rate
even if you don’t need the money now. Some do not require union membership to
qualify. http://mapping.ncua.gov/
Get all your discounts: https://www.amazon.com/Personal-Finance-Smarties-Not-Dummies/dp/1469973030
Do you need a reliable car?
Consumer Reports has its list
of 10 but what if you can’t afford them? Many wealthy people who can afford
$80,000 for a new model every year, say they prefer to buy the slightly used
versions. Cars lose value over time and the rich don’t like to lose. Used
luxury is a value to them. Reliable used cars are a value because they want
assets that grow in value not lose value. So try used luxury or just used
family transportation like the Camry or Accord. I found a bargain: 2012 Camry
for $11,000 only 54,000 miles. What about a SUV
under $25K? OR 2014
Acura $24K? Dangerous
SUV to avoid.
Shop for insurance and save: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
*****************
TrumpWorld
Goal: Everyone knows the Trump brand around
the world
‘Trump’
brand is all he cares about—it is all he knows. Trump
vs America brand
Putin
has captured Trump’s patriotism—Don sees no collusion with enemy
Trump
gives in to Putin: removes CIA from Syria
leaving moderates to scatter.
Trump
group places mob ties above country; it’s about money and power not US
service.
Russian
lobbyists guide Trump crew and GOP on business interests toward Russia .
Exxon Tillerson pays $2
mil fine for violating sanctions out
of his own pocket change.
Trump is still just a mafia contractor from Queens—Fred
taught him to be The Don.
The Don threatens
Attorney Gen and Prosecutor Mueller. Wants FBI
his personal police.
Trump tells Senate to end ObamaCare—Double
uninsured Americans overnight
Who knows what Jr
got from Russia; Trump in the meeting? Came
long way for nothing?
Russian spy
who met Jr and Putin lawyer says: never use email to convey secrets. Jr
deaf.
Trump
group blames Secret Service for Jr meeting with Putin
operatives. Give me shovel
Even
Fox calls TrumpWorld on lies. Why would Putin insider come to NY for
nothing?
TIME
cover that should replace the fake ones in The Don’s clubs worldwide.
Mobsters don’t call the FBI when 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.
Vatican
calls Bannon out on his extremism--“not too far apart” from Islamist
extremism
Putin’s hackers now into
our nuclear and utilities. Trump denies NSA proof.
Putin
will have full access to our 2018 elections since Trump doesn’t want DEM
win.
15
state voting machines have been hacked already: Putin ready. GOP does
nothing.
The
Wall will not be completed because not needed, Trump fix old one.
Theory: Trump got Russian
funding for business so OK to help ‘lost cause’ campaign.
No one expected him to win so no harm getting Putin help. Don
owes Vlad money!
TrumpWorld –
using presidency to make money the old fashioned way: theft
Jr meeting of Putin lawyer includes Putin real
estate ‘banker’ w/ NJ front IBC.
Ivanka using her Dad’s brand to sell
you foreign goods at 89% markup.
Jared
(president’s) family still pitching real estate deals for Chinese
investors.
Trump claims “Buy
American” but not his hats, her clothes, MarLargo
foreign workers. Ivanka
gets $23.6 million US grants to support her foreign cheap workers. Report
Ivanka’s forced-labor shoesclothing line: https://eallegations.cbp.gov/Home/Index2
Dictator talk time:
“When the president does it, that means it is not
illegal,” Richard Nixon
Consultant Trump,
Caputo, warning
campaign officials against talking to the House.
Trump asked advisers:
power to pardon
family, even himself
“The president can’t have a conflict of interest.” The
Don above the law?
“When the president does it, that means it is not
illegal,” Richard Nixon
*************
Regulators are the only protection against
corporations since we
can’t sue anymore
“It is nearly
impossible for one individual to take on a corporation with vast resources.”
Supremes
stop us from suing—State courts no
longer available to sue corporations!
Congress uses ObamaCare: Start your ACA applications now if you need
insurance.
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
GM
killed 124 because ignition switch pin not replaced after knew it
killed first in 2006.
*******************
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 one and shoot
first. You and thief have guns. CO schools now allow
teachers/administrators to carry
guns in the classroom. Kid lesson! Since 2015, police have killed
86 people with realistic looking FAKE guns--suicide?
Woman
shot dead by cops after she called 911 for help about attack. Cameras off ?
Congress
gives itself FREE home security system; maybe carry guns in Congress.
Cops
plant evidence but caught this time; Camera on—oops “happens all the time”
FL gun
owner shoots at ATT trucks because they did not move fast enough. He ‘snapped’
SCAMS:
Traitor Page wants
you to buy
his “tell all” book working for Putin and Trump.
Ignoramus Award:
GOP
to cut agency that ensures the voting process is secure: Putin at work in
our House!
Global warming is
real: 1942
hikers found in melting glacier – thawing out now!
How our government wastes our money:
Trump
publishes private info of the citizens who complained about voter-fraud
fraud
Where have all the jobs gone?
College or trade apprentice? $27
hour pipe fitter can’t be outsourced. 10
best now.
Job interview will ask for your salary requirements. Answer:
I
will research the range.
Which job board sites are best
for your job search?
Learn Spanish so you have another skill for jobs.
Miracle:
FDA: OK to use
altered genes to cure cancer! Technology to reprogram immune cells called T
cells to target and attack malignancies.
IAN
41 Watchung Plaza, B242
973.746.2014
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