Which investment is
best during market volatility?
The market is
continuing to rebound from its low in December. With the possibility of another
government shut down and the fall in annual GDP, where can we rest for the long
haul? What is Buffett doing? Buffett is always concerned about the future value
not the next year or two. Our first question: Am I concerned about my long-term
(10 years) money or short term swings? Most unbiased advisors tell us to “don’t
sweat the small stuff” or “my holding
period is forever.” Most long-term investors don’t panic and “stay the
course” and “press on, regardless.” That was John Bogle’s common theme. When I
have doubts, I look at this chart: IVV
(market) for Max time (2000). Am I better off for staying in through 2007-8?
Yes. This was why Buffett
won the bet with stock-pickers recently. But I am getting nervous. I am
close to retirement and can’t afford to wait long if the market is flat for
many years. My choice is to stay in the market but move 25% into an experience
balanced fund like Wellesley
Income (62% bonds). It returned 9.5% since 1970 and 8% for last 10 years. I
have to go with people who are smarter than me.
Trust wise unbiased
advice: https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045
Dems can’t make the wealthy pay their
fair share of taxes
Wealthy people have
ALREADY figured out how
to avoid paying high taxes. No one paid 90%
back in the 50s despite the IRS rules. Some Dems have proposed a 2% levy on
fortunes of more than $50 million and a 3% tax on the assets of billionaires.
Others want to raise the tax rates. But unless Congress gets rid of the loopholes
and special provisions used
by themselves and the rich, Dems
are just conning us. For instance, Jared, like father-in-law, uses the real
estate tax shelter to pay no income tax. Tax rates don’t apply to him—his assets
are in LLCs. He even gets a refund from us. Some wealthy folks have moved
their money overseas like Apple and other the larger
corporations. In fact, we
pay many corporation’s taxes for them in the form of ‘subsidies, grants,
loan guarantees,’ etc. Some wealthy people use their own private
foundation/museum to hide assets or like Trump,
use them to offset income. Many use their failed business ventures (using
bank loans) to offset income. Trump declared a $916 million loss on his
1995 income tax returns, a tax deduction so substantial it could have allowed
him to legally avoid
paying any federal income taxes for up to 18 years, records show. The
wealthy use many ways
that are legal. In fact some
of the tax code was written by them just for them. Certainly the rich use
special accountants and lawyers to make sure they don’t pay. When
income and assets are hidden, tax rates mean nothing. We can use a small
business and a special tax shelter to help us avoid paying their taxes. Rich
are way ahead of us on income.
Use your tax credits:
https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Free tax preparation
by a live person or easy software to efile
January 28 was the first day of FREE ‘human’ preparation by
AARP tax-aides. Or use the commercial software provided from the IRS site to
efile yourself. Pick one at https://apps.irs.gov/app/freeFile/.
Since many of us take the standard deduction, the electronic forms are easy to
complete and efile—refund comes quicker. Make sure you have all of your docs: https://www.irs.com/articles/tax-form-checklist.
For human preparer, sign up at locations near you: https://www.aarp.org/money/taxes/aarp_taxaide/
Average refund can secure nest egg: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
How much do you need
to save for retirement?
Does your advisor
show you how to project your accumulations for retirement? Do you know how much
your 401k will grow over time? Is your nest egg growing well or do you need to
add more money? Have you compared
your balance to the mean and average for your age group? Which software can
you use to have some idea how much you will have vs how much you will need?
Find out now so you can change.
**************
Truth isn’t truth, his
lawyer says
Yes, he
‘coached’ Cohen for Congress, his new lawyer says
Two Americas
***********************
How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!
FAA
started closing airports: unpaid controllers may be stressed—out of money!
Shut
down promised by Trump in 3 weeks: Can gov make slaves (no pay) do
anything?
EPA under Trump stopped
enforcing law against polluter criminals: Years to restore.
Trump’s Apple factory
jobs promised WI 13,000 jobs: gone with $4 billion subsidy.
Trump: ‘after
all I did for the military’ they owe me ‘I’ve done more than any
president’
Congress told it will ‘take at least a
year for the IRS to return to normal’: no audits!
5,000
military called to arms INSIDE United States to control Dems
& resistors to Trump
WALL not needed: Drugs
enter US in trucks not on wall —give drivers asylum! Cheaper
SCAMS/SPINS:
Scammers
use SS own phone number on caller ID to steal our SS info. BEWARE.
Hackers
use your home security cam to feed false alarms: Fake News—‘missile attack’
Enova caught debiting
consumers’ bank accounts without authorization: fine, not jail.
Brokers are warned to stop
overcharging clients for 529 college savings plans
8,400 scammed: protect
yourself 5 tips—‘con’ short for ‘confidence’ men. Trust none.
MetLife
scammed thousands out of death benefits 1992-2007: kept money for profits.
Phillip Michael Carter, TX, caught
Ponzi with fake promissory notes: 270 victims.
FDA warned 23andMe to stop selling tests that claimed to foretell
medical conditions
Fiat recalls Ram
trucks for power steering failure
GOP
questioning the citizenship of thousands of DEMs in TX: 100,000 must prove
self.
Trump’s news office is not WH but Sanders
on Trump TV: propaganda for
followers
Trump: I
know more than our intelligence community—Putin talking!
Sanders: ‘God
wanted Trump to win the 2016 election’ God wanted Hitler? Child
abuse?
Putin passed law against gov ‘disrespect’: Trump’s
next step? Dictator by ‘Emergency’
Trump
REMOVES sanctions from Putin mobster so they can hack 2020 primaries.
Putin
wanted Trump to put USA in chaos—national
emergency “marshal law” next?
“Individual 1” could be a Russian “asset”: Why FBI
opened a file on The Mob Boss.
The Mob Boss can never go to jail: Trump
has Kava as Supreme so no indictment.
‘No man is above the
law’ … well up till now. Dictators
nullify courts first, then votes.
Supremes
protect Don’s ‘Orders’? – GOP: ‘Sure, pres
can change
Constitution anytime.’
----------------------------------
Jobs:
Amazon
builds spaceship engines in AL: 300 openings
FACT: Increases
in minimum wages over time don’t destroy jobs or hurt growth.
Which industry
creates most jobs? Durable
goods manufacturing.
Who owns your account now?
The-Best-Customer-Rewards-Programs/2183066.html
Free stuff for your sign up.
‘Hunters’
aren’t hunters but mass murders: Killing
for damage is NOT 2nd Amend. right!
‘Hunting’
rifles like these killed 58 music lovers; maimed 200 in seconds. Legal
still!
Miracle:
Autistic kid
in VA gives Fed workers his 72 jars of peanut butter (his fav food)
IAN
41 Watchung Plaza,
B242
973.746.2014
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