Is your advisor/broker taking TWO THIRDS of your investment
earnings?
According to the new DALBAR QAIB study, “managed” mutual
funds returned 3.69% to investors during the past 30 years versus 11% from a
stock index fund. Wall Street claims to BEAT the market yet they TAKE
7.42% of our earnings plus fees and commissions. Wall Street doesn’t give
refunds when they fail to live up to their promises. NO manager has beaten the
market consistently. Instead, trust Buffett’s strategy: http://www.amazon.com/Earn-11%-or-3%-Investments-Your
choice/dp/1502412187
Are your 401k fees paying for your employers’ deductible
expenses?
Tax-advantaged 401k and 403b plans can help you save for
retirement, but you’re probably paying for all the boss’s costs of this
“employee benefit”? 76% of large employers have workers pick up all the costs
of 401(k) administration, according to Forbes.
The mutual funds you use kick back part of their fees to your employer to cover
the admin expenses. If your plan has no funding match, you can avoid paying
your employers’ fees by starting your own low-cost (0.05%) retirement plan. http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466
Is this a good time to invest in the stock market?
This is a question I get a lot. There are many
famous investors who have answered this question. The one I like the best
is by financier, Bernard Baruch:
There were ONLY 40 days from 1950 to 2007 that
produced 70% of all the S&P 500 index’s total returns. That is 40
out of 14,528. Warren Buffett, the best of our time, said: "I never
have the faintest idea what the stock market is going to do in the next six
months, or the next year, or the next two." Use Buffett’s strategy: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900
GOP crazies
The United States
could soon become a large-scale Spain
or Greece ,
teetering on the edge of financial ruin, according to Donald Trump on Fox
‘News’. Donald just filed bankruptcy for the THIRD time so he should know. Now
he has time to run for president in 2016. He can highlight Hillary’s birth
certificate (age).
Are your …
investments earning less than the market average of 11%?
advisors taking fees without meeting your goals?
trading costs and taxes eating up your profits?
brokers not sticking with your investment policy?
emotions freezing you out of the stock market?
market timing strategies costing you big time?
stock picks failing to deliver promised returns?
You can correct these mistakes by using the time-tested strategy proven successful by Warren Buffett. Mr Buffett started with $6,000 saved from his paper routes and in 60 years, accumulated $60 billions.
You can correct these mistakes by using the time-tested strategy proven successful by Warren Buffett. Mr Buffett started with $6,000 saved from his paper routes and in 60 years, accumulated $60 billions.
Fix your mistakes now: http://www.amazon.com/10-Worst-Money-Mistakes-Fix-them/dp/1494401223
Are 401k “managed accounts” right for you?
This choice in your employers’ 401k benefits offer sounds
good—someone is managing your money for a “better” retirement. However, the
accounts are usually just standard portfolio allocations set by your age like
target date funds, except more expensive. The GAO Government Accountability Office
said providers need to improve offers. For instance, fees can range from $8 to
$100 on every $10,000 in a participant's account and providers are not required
to show performance and benchmarking data. You are buying a pig
in a poke that can take up to 63% of your total fund. Advisers like
these accounts because they can distinguish themselves from other advisers and
hide the costs. These accounts also help your employer dump the responsibility
for providing cost-effective funds to someone else. You can increase your nest
egg by 50% by using Buffett’s strategy: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900
Does your banking relationship cost you more than it’s
worth?
$700 in fees is what some people pay according to a recent survey.
Unfortunately, when you don’t have much, the bank takes more. So if you keep
less than the daily balance, you will pay $18 or more no matter whether you
were under the minimum $1 for 1 day or 1 month. You are also charged to loan
the bank money. Bank America
charges $60 to keep money in their savings (0.01%) account which you started to
avoid their $30 overdraft. You can only win the bank game by moving to a credit
union. Most credit unions offer all the bank benefits without the costs: http://www.ncua.gov/dataapps/researchcu/Pages/default.aspx
WalMart offers checking with no overdraft, minimums or
fees--Mmmm
WalMart offers checking accounts to customers through Green
Dot’s banking unit. They are linked to MasterCard debit cards and don’t charge
overdraft, minimum-balance or monthly fees when customers use direct deposit.
It will be available nationwide by the end of October. Wal has opened centers
where customers can cash checks and pay bills, and offers prepaid debit cards,
including one through a partnership with American Express and Green Dot. Last
year, AmEx added check-writing capabilities and deposit insurance to its
Bluebird prepaid cards sold by the retailer.
Another alternative to $700 bank fees?
Younger workers in stocks by default; claim cash is king?
Equities accounted for 81% of the investments in 401k plans
for those 25 to 34 years old on average in 2013, second only to adults younger
than 25, with 85%, a new
report shows. A separate survey showed that 39% of adults 18 to 29 years
old said cash was their preferred investment option for money they didn't need
for at least 10 years. Of millennials
offered 401(k) or similar plans, 71% took part, contributing a median 8% of
their salaries, a Transamerica report said. Inertia may be keeping the youth
invested despite their reservations about stocks. They may also fear the lack
of Social Security benefits down the road. Some choose their own plan: http://www.amazon.com/The-New-American-Retirement-System/dp/1461030072
ObamaCare exchanges will have more choices in 2015
The Affordable Care Act’s state and federal exchanges will
have more choices for coverage beginning in 2015. Insurers need to
increase revenue. ACA policies are commodity-like plans—Gold, Silver, Bronze
must contain specific benefits now.
Buy only what you need since current policies may cost more.
http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
SCAMS Why are
we still
paying $700 Billion a year for WWII
deployments?
We are paying for 164,253 of our active-duty armed personnel
to be in 150 countries around the world. We have about 50,000 in Japan Germany
Are we preparing for WWII again? There are 1,208,083[1] armed
personnel in the United States .
Our taxes pay for about HALF of the WORLD’s military expenditures
every year. We have wasted $398.6 billion
so far on the F-35 program—they can’t
fly safely.
We just can’t afford to pay for everyone else’s defenses
anymore.
Japan, Germany and S.
Korea can pay for their own defenses.
Convicted felons avoid their jail time and penalties?
Yes, if it is a white-collar crime and your theft is big
enough. The real The Wolf of Wall Street
Jordan Belfort was
supposed to pay $110 million to those he wronged. He’s only paid $11.8 million.
He was also sentenced to four years in federal prison, but he only
ended up serving 22 months. Only 22% of the penalties for all federal
crimes have been collected. That’s over $100
billion of our deficit.
How do they do it? One felon, Paul Bilzerian, has
systematically thwarted federal prosecutors by building a web of trusts,
partnerships, and corporations established in sketchy tropical locales. He has
passed on cash and assets to his sons. He delayed prosecutors for years with
bankruptcy. And he has transferred ownership of his 28,000 square-foot home to
trusts that were owned by, at various times, his in-laws and his neighbor’s
mom. He owes $62
million and paid $3.7 million over 25 years at a collection cost of $8.6
million.
Yes, crime pays—if it is big enough!
“Not big enough” felony
A former financial advisor in Corpus
Christi , Texas
Air force sends plane contracts to Brazil ?
Jobs?
Brazilian aviation firm Embraer said Thursday that it had
delivered the first of 20 light-attack aircraft to the US Air Force, for use in
Afghanistan
after the NATO troop withdrawal. The A-29 Super Tucano was presented at a
ceremony in Jacksonville , Florida US
aviation firm Beechcraft, which alleged irregularities in the bidding process.
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