Earn 11% NOT 3% and NO TAX
Is your broker/advisor trying to predict the future? Average
broker returns were 3.69%.
Investing in an individual stock or fund means you are
predicting where its price (position) will be in the future. You are betting
that it will reach that price within a given time (momentum). Unless you have
insider information, you are really gambling. No one can know a stock's
position and momentum in the future. Just like in physics, there is no way to
know you'll be in the money (position) in time (momentum).
In 1927, scientists discovered we can NEVER know the future
but we continue to pay salesmen to weave tales of our future fortunes. Earn
11.11% NOT 3.69% with no tax:
Group annuities have oversized hidden fees
Group annuities are common among 401(k)s because they appear
to be cost effective, turnkey options for owners. However, they are the big cash cow of the industry and slice
your portfolio growth. Fees can range between 3.5% and 5%. Because group
annuities are technically an insurance product, they do not disclose fees like other
investments. This makes it difficult for users to know the real cost of the plan.
Thus, employers are being sued for high fee plans. Fees can take up to 63% of
your retirement fund over time. Use low fee account: http://www.amazon.com/The-Best-Annuity-Strategy-Income/dp/1497532019
Grow your IRA like a millionaire
About 9,000 taxpayers have each accumulated at least $5
million in IRAs, said the GAO. Tax-advantaged low-fee accounts can really spur
your retirement fund. Find out how to reach $1 million or more: http://www.amazon.com/The-New-American-Retirement-System/dp/1461030072
Is the Vanguard Windsor II fund right for you?
Since 1985, this managed fund has provided an average return
of 11.14%. It owns large companies that are temporarily depressed for
non-crucial reasons. It costs more than the Vanguard 500 index (.36% vs .05%)
but provides value-weighted market exposure for the long term. Windsor
II is one of the Vanguard Top 10: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Largest pension fund drops high cost hedge funds
The California Public Employees’ Retirement System plans to
divest the entire $4 billion that it invested with hedge funds, saying they’re too
expensive and complex. The largest U.S. pension is getting out of hedge
funds even as other large public plans such as New Jersey ’s
add to the private portfolios. The pension fund paid $135 million in fees
for hedge funds that earned just 7.1 percent compared with CALPers overall
18.4%. Vanguard’s Top 10 provided over 30%: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Buffett’s partner in Berkshire ’s $337
billion empire tells secrets
Charles Munger
explains Buffett’s secrets of success: how
patience works in investing.
Fidelity studied 401(k) millionaires and found they had
worked at their companies for more than 30 years. They were on average 59 years
old. They also invested a significant portion of their savings in stocks and
stock mutual funds. One of the key findings is that it didn't happen overnight.
It took many years of saving and investing. It is never too late to start with
$250 a month:
401k contributions can reach $4 million
The GAO calculated, for example, that if a worker had
received the maximum combined employer-employee contribution to a defined
contribution plan (401k) every year from 1980 to 2011, and invested it the
S&P 500 portfolio, he would have nearly
$4 million in that account by the end of 2011.
IRS lets retirement plan assets split for tax-FREE growth
IRS made a new rule that permits
savers to break out that after-tax portion of money within the retirement plan
and convert it to a Roth IRA free of taxes. This decision applies strictly to
money within a company's retirement plan, noted Ed Slott, an IRA expert. Roth
IRA accounts do not require withdrawals after age 71.
What can the “Fiduciary Standard” do for you?
Financial and investment advisors are duty-bound to exercise
a fiduciary standard of care. The fiduciary standard requires that the interest
of the client comes first. Brokers are not regulated by the Advisers Act and are
required to meet only a suitability standard of care.
The current debate means that your broker can push the best
commission product on you without telling you there are better products
available. Your advisor is required to offer the best solution for your situation. Of course, all salespeople can only
offer what their firms carry in stock so you probably won’t end up with the
best product for you. Example: Salespeople are NOT going to tell you that you
can earn 11% instead of 3% by buying a commission-FREE stock market index fund
with a low annual fee. You need to do research for yourself: http://www.amazon.com/Earn-11%-or-3%-Investments-Your
choice/dp/1502412187
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.
We can’t beat armed guerrillas ISIS with conventional
warfare. We should have learned that in Vietnam .
We spent $1 billion to train the Iraq
army to fight a conventional war not their own people. That’s why they ran away
from ISIS .
Those who don’t learn from history must repeat it, someone
said.
Cost of texting
Reggie Shaw who killed 2 people while texting
now begs students: “it can kill”
The Chinese city of Chongqing
has created a smartphone sidewalk lane,
offering a path for those too engrossed in messaging and tweeting to watch
where they're going.
But the property manager says it's intended to be ironic —
to remind people that it's dangerous to tweet while walking the street. "There
are lots of elderly people and children in our street, and walking with your
cellphone may cause unnecessary collisions here," said Nong Cheng,
the marketing official with Meixin
Group, which manages the area in the city's entertainment zone.
Bank settlements for the mortgage mess cost taxpayers …
again
HSBC's $550 Million Housing Settlement Actually Costs
Taxpayers $192 Million
Other
corporate settlements are just tax deductions to them.
Debit card NOT Safe
Home Depot admits hackers got your numbers and PINs. Credit
cards offer protection when the number/card is stolen. Most banks will
reimburse you for fraud. Debit hackers take the money right out of the account
and have no protection clause.
IAN
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973.746.2014
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