Money scams, 2014
Hot funds:
You are the victim when you use hot funds. Big
paychecks come out of your account and your investments suffer. Take the
most recent example: Bill Gross got a BONUS of $290 million in 2013—just as his Total Return Fund trailed a majority of
peers and he was thinking of leaving. His co-manager, Mohamed El-Erian,
received a 2013 bonus of about $230
million. By comparison, Laurence D. Fink, CEO of BlackRock, the world's biggest money
manager, received $22.9 million in 2013 compensation, and Michael Diekmann, CEO
of Pimco's parent Allianz SE, was paid 7.2 million euros ($8.99 million),
regulatory filings show. See how you can win this game: http://www.sensibleinvesting.tv/how-to-win-the-losers-game-documentary
Low-cost funds
beat high-cost funds everytime: http://www.amazon.com/The-Best-Predictor-Investment-Success/dp/1502524082
Why should you start investing TODAY?
I am asked, “Is this is a good time to invest” almost every
week. Since no one knows what the stock market will do tomorrow, let’s assume
the best US
companies will continue to earn 10-12% for the future. We start investing $250
a month TODAY. If we keep it up for 35 years, we have about $1.6 million. If we
wait, say 5 years, we end up with about HALF $0.88 million. That is why you
don’t want to wait!
Don’t wait! Start today: http://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513
ObamaCare site got ½ million hits 1st day—Americans
need health care
ObamaCare had at least 100,000
people submit applications for health insurance coverage this weekend. “I
think the vast majority of people coming to the site were able to get on and do
what they were intending to do,” Burwell told Chuck Todd in an interview
on NBC’s "Meet the Press," noting that a total of 500,000 people had
logged onto HealthCare.gov on Saturday.
Is a donor-advised fund right for you?
Donor advised funds are charitable foundations that follow
your wishes in distributing your money to charities. Benefits include managing,
accounting and maintaining your legacy. Your gifts are deductible. You can
involve your kids in regular giving programs. You can be an anonymous giver.
Foundations are costly but can relieve you of a big tax bill if you have stock
with large capital gains. Most large mutual fund firms offer plans. Make them
part of your Retirement Spending Plan: http://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016
GOP crazies—35
jobs that may cost us $ billions in cleanup and loss of watershed
Republicans in the U.S. House approved the Keystone XL oil
pipeline the ninth time. 35 permanent jobs and we don’t even need the oil. We
export oil now. Gas prices went down. There are about 8 oil spills per year in
America. BP has still not paid all the Gulf fishing and tourist businesses
yet. Senate rejects Keystone votes to fix bridges.
Boehner files suit against ObamaCare. It will cost US $1/2
billion. Two law firms had already turned down the case. Our suit will take 3
years to get through the courts.
Who deports more—Bush or Obama?
This is a trick question because no one defines the terms deport
and return. Since Reagan and Bush gave some relief to both groups before
Obama, you have to study the issue to know who is doing who a favor—Obama or
Bush.
Which company stocks does Congress own?
Now you can own the corps that Congress people own. Half of
them are millionaires so this may be a great investment idea for you. Congress
must disclose what they own when they run and one group, MapLight,
is keeping track of them. Of course, you will not find out what the Congress
scoops in committee or in lobbyists’ luncheons so that you know when to sell or
buy more shares.
Perhaps you are better off just buying the Vanguard Top Ten:
http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Waltons, getting by on $150 billions, keep workers on food stamps paid by US
The fortune of Christy Walton, the world’s wealthiest woman,
topped $40 billion Thursday as Wal-Mart Stores Inc. hit an all-time high. Walton,
65, inherited a piece of the world’s largest retailer in 2005, after the
homemade airplane of her husband, John T. Walton, crashed in Wyoming . The
Walton family, which includes Christy Walton’s siblings-in-law Rob, Jim and
Alice Walton, oversee a combined fortune of more than $150 billion. Wal-Mart value
jumped more than 4 percent today. Workers scraping barrel with part-time
work and food stamps that cost US $300
million a year. Come-on Christy!
Celebrities do NOT use financial products they sell
Just because you recognize the face or voice doesn’t mean
they are familiar with the product. Fred Thompson does not know anything about
reverse mortgages nor the company who is paying him. This was set up by his
agent and they did no due diligence
on the seller, American Advisors Group: Reverse Mortgages.
Kevin James, 58, a financial advisor and insurance agent,
convinced his elderly clients to cash out their annuities and insurance
policies and invest $1 million in a fake security. He got 10 years in jail. Clients
are out $ millions.
Junk insurance plans—the pitch
“This fixed annuity with guaranteed interest rates as high as 3.50% will be ending
soon. The last day to lock-in the
currently available interest rates is Tuesday, December 2nd.”
“This full coverage
health plan is guaranteed by an A+ insurance company and is available only
through ABC agency. You may never see this complete plan at this price again.
Call now to meet the Feb 15 deadline.”
“Cancer insurance
pays you a lump-sum if you are diagnosed with a covered cancer.”
“Stock Tips Delivered to your Inbox! Stock Tips is the #1
stock alert service...As always membership is 100% FREE! Sign up now!”
“These abandoned dogs need loving homes. [picture of sad
pup] Send
cash for vet bills, crating, shipping and inspection costs.” The pet never
comes.
Telephone scams: Government grants—9000
and you don’t have to pay them back—just the cost of processing. College degree loans.
Lower electric
rates. Computer
fix. Telephone number look up at http://whocallsme.com/Phone-Number.aspx.
FTC does nothing about these scammers with long list of complaints.
Are annuities in your retirement plan right for you?
Deferred-income annuities — also known as longevity
insurance — permit purchasers to buy an income stream for the future. Treasury
has agreed that annuities may help workers have an income in retirement.
However, annuities are expensive and the rules of use are complicated. Your
money is NOT available for emergencies. It is not clear what your family
receives if you die early, how much you can buy, what interest rates are used
for the benefit and what you have to take out of an IRA starting at age 70.5.
So far, Treasury has not made mandatory disclosure of all the questions about
annuities. In the past, buyers have been misled about the annuity terms and
conditions by sellers.
You might use the best annuity instead: http://www.amazon.com/The-Best-Annuity-Strategy-Income/dp/1497532019
Is your pet uninsurable on your homeowner’s policy?
There are some
dogs that insurers refuse to include in your coverage because of their
losses. Know where you stand. There are insurers that will cover you.
Beware false coverages and save: http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870
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.
The War on Terror requires SEALS’ attacks on top terrorists
at their homes. Iraq
proved converting a nation to Western-style republic doesn’t work.
US spy planes over our cities now listening to your
smartphone
US
Marshals fly planes with cell tower devices to capture our voice/data. The
scope of the program is pretty vast, with aircraft operating from at least five
metropolitan airports with a “flying range covering most of the U.S.
population.” Spying in US used to be illegal without warrant.
IAN
41 Watchung Plaza, B242
973.746.2014
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