Congressmen become the super rich using insider info that is
illegal for us
Among the powerful politicians, the portfolios of Republicans
outperform the market by 32.05% to 36.19% under a one-week
holding period. “Our results imply that the performance of congressional
portfolios is mostly driven by private
information” that they have and we don’t “based on their power and party
membership," Serkan Karadas, economist, Sewanee: The University of the
South, writes in the study.
Worse, Congress passed a law that says they
are above the law (Insider trading is illegal for us). The study, which
looked at almost 62,000 trades made by members of Congress in 2004-2010, found
outperformance of 22.13 to 24.16% under a one-week holding period on an annual
basis. That short-term outperformance is significant, implying that the politicians were trading on time-sensitive
information. Worse, Republicans with little financial experience are
beating Wall Street’s “top traders.”
Why let Congress have all the benefits of the tax code: http://www.amazon.com/Win-Investment-War-Earn-11/dp/1522916369
GOP tax plan failure in KS & MI is warning for US
Econ “trickle down” does NOT work! GOP tried to make Kansas
a Tea Party showcase, but it has created a budget
gap of $190 million just like Bush2. KS has fewer services while small
biz pays nothing. US was prosperous
in ‘50s 60s with tax rates at 90%. Regulations are needed! GOP in MI tried
to save money by poisoning Flint
children with lead. It cost $14 to test water BEFORE changing sources.
Wealthy love these low tax schemes and take their money to
Caymans. They don’t build more
factories in US but in cheap labor countries.
Don’t be the only one paying taxes: http://www.amazon.com/Tax-FREE-Income-000-tax-free/dp/1477472584
Where is the new tax evasion (insider trading) money going?
This yacht firm’s growth estimate is about 20
percent growth in the client base between now and 2020. You can pick up a
used Sunseeker
for only $2.5 mil. Many KS lawyers are putting their former tax money in art. Since 2012, professional offices (dr, esq,
cfa) have invested in yachts and art work. Congressmen with gains of 36% keep
their money offshore
like Mitt Romney. Job creating factories are a waste of capital with global
markets with cheap labor. Like 26 of the most profitable US
firms, they use their tax evasion money outside America —yachts,
art, foreign subsidiaries, St Kitts estates.
Start your tax shelter without leaving US: http://www.amazon.com/The-Tax-Shelter-Young-Americans/dp/1500426520
GOP wins: Washington
just cancelled your Social Security benefits!
Consider using the three benefits that Congress has decided
to take away from us without discussion. You may apply
before April if they help you maximize your Social Security
benefits. They are technical so you may have to go to a SS office to make sure
you qualify. You may double your benefits if you have to file early (age 62)
because you have no job. You lose 25% for life if you don’t wait to age 67 but
you could use spousal if file by April. If you are divorced, you may still
collect from your EX’s account but you must meet the requirements. Check it out
before April.
They need money for Iraq
training. http://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224
File your simple tax return for FREE
Many sites provide FREE federal e-file but charge $13 for
state e-filing. The IRS approves these firms: https://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free.
We are on our own: 51 million
taxpayers called the IRS with questions in 2015.
"I've tried
to call them," says Lisa Ross, "I gave up." After waiting on hold for
hours, some taxpayers were forced to give up. Do what you think is right
(Google it) and send. Check if your preparer is legit at https://www.irs.gov/Tax-Professionals/Choosing-a-Tax-Professional.
Free fed and state is offered for simple returns at https://www.taxact.com/index.asp
and at http://www.olt.com/main/oltfree/default.asp
Where is the best place to put your tax refund?
The average refund is about $3,000. It is really forced
savings at 0% interest. We can spend the money or pay off debt or invest it and
earn 8% instead. The market
is down 8% so far this year. The market will eventually return that 8% and
more. Guess what the smartest investor is doing with this market collapse—Buffett
is buying! He
is buying energy stocks. Why? Because we panic and sell energy at bottom—down
28%. Buffett is buying a bargain again just like he did with Coke and AMEX last
century. He knows that $30 oil can’t last long. Make Warren Buffett your
advisor now.
What should you do if your broker has you in junk?
He told you bonds were safer than stocks. She had you buy high income bonds or their funds because you were tired of earning 2% on your money. Now with losses of 20% brokers can’t answer the phone fast enough. But who would buy these losses now? What should you do? If you sell, you lock in a loss so hold on for oil and commodities to rebound. If you have more than 10% of your portfolio in junk, especially “level 3” bonds, you may want to rebalance. You may be better off (more stable income) using a balanced fund like Vanguard’s Wellesley Income Fund which has provided almost 10% annually since 1970. It is one of Vanguard’s Top Ten of all time. http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
He told you bonds were safer than stocks. She had you buy high income bonds or their funds because you were tired of earning 2% on your money. Now with losses of 20% brokers can’t answer the phone fast enough. But who would buy these losses now? What should you do? If you sell, you lock in a loss so hold on for oil and commodities to rebound. If you have more than 10% of your portfolio in junk, especially “level 3” bonds, you may want to rebalance. You may be better off (more stable income) using a balanced fund like Vanguard’s Wellesley Income Fund which has provided almost 10% annually since 1970. It is one of Vanguard’s Top Ten of all time. http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Why are investors moving from expensive advisors to
Vanguard?
Vanguard, which offers passively managed funds, had $236
billion new money in 2015 – the largest in the industry. Investors are quitting
active money managers. Reason: costs and wild swings in value. Investors
realize it is VERY difficult to find a manager who is right when the market
falls and rises quickly. They see hedge funds being trimmed savagely. They
understand that if markets earned 1.3% in 2015 and
their advisor cost 1.3% they end
up with nothing. Average returns (11%) don’t look as bad as broker’s say
they do. Investors realize that Wall
Street can take up to 63% of their accumulations over time. AND Vanguard
has licensed reps you can reach for help when needed: http://www.amazon.com/Wall-Street-Cleans-Up-Advisors/dp/1517043255
Even wealthy families are cutting out the middlemen to save
fees
More wealthy families are using their own expertise to do
their own private equity deals, especially for the $500,000 to $5 million
direct or co-investment deals, according to Family
Office Club data. Over time, a 2% cost (1.3% plus trading costs plus taxes
from trading plus BD charges) can take up to 63% of your potential
accumulation.
Pay less; keep more:
Does our President need to be smart and truthful?
Do
they even care about truth?
Trump: See
how America will be run by Prez Trump – it’s only a deal for him!
Demagogues
even attract the Bible
thumpers despite lifestyle: “he’s honest”??
Are there Two
Corinthians? Palin
endorsement=Market collapse?
Fiorina: "Donald Trump’s
a moron.” “…he doesn’t support human rights” for
all.
Sanders: If elected, Bill
O'Reilly promised to move to Ireland and Ire is not happy.
Banks will
be split up and stock trading taxed 0.5% to reduce speculation.
MI gov
Snyder should resign after
poisoning Flint residents with lead esp. kids.
Cruz: Yesterday he said Iran
should
have been bombed (“full force”) for holding sailors.
He is not
Prez and so
we got back 4 hostages. Bombs were not answer.
“NY
Values” denigration drew the line for GOP religionists
1790
law says citizenship passes to foreign-born child by father NOT mother.
My form of
Christianity (was Catholic, then Mormon, back to Catholic) will “influence me in
everything that I do.” Gov pays for priests’ therapy?
Christie: Even his
own conservative supporters say “he lied” – compulsive or fungus
Palin
blames Obama for her son beating son’s girlfriend. Unstable? with assault AR-15?
Can a Trump/Palin/Christie America survive a crisis without
killing us all?
Maybe Bernie’s
socialism isn’t so bad—and a new Progressive Era could
help us.
Regulators are the only protection we have since we
can’t sue anymore
“It
is nearly
impossible for one individual to take on a corporation with vast resources.”
(GOP bill requires impossible: every person in class
action suffer “same type and scope of injury”)
Supremes
stop us from suing—State courts no longer available to sue corporations!
Finance
500, CA caught selling penny stocks without authority—pump and dump ops
Fiat Chrysler recalls 389,000 Jeep and Dodge SUVs again for
wiring; 1st failed
Renault
recall to fix emissions scandal too – Do all auto makers lie?
AL Justice Roy Moore says GOP
religion trumps Supreme’s decision.
Goldman,
Sachs Merrill
Lynch caught violating securities lending practices.
A
lead-poisoning test kit for Flint water costs $14 and would have saved
1,000 kids IQ.
FL gov making same mistake in de-regulating
water QUALITY. GOP cuts regs for $$
Herbies Auto Sales caught misleading
consumers fined – No Jail Time
2,653
guns seized at 236 airports, 20% more than 2014. 80% were loaded. Crazy!
We need regulation—GOP is wrong—companies/cities
wouldnt fix bad products on own
How our gov wastes money
DefenseDep says MORE
troops to Iraq – “Retrain” those in army that ran away before.
AirForce drones have bugs. 20 broke already. No
warranty but cost $64 million each.
SCAMS
Bundy’s terrorists
seize Fed property and get to walk away—no consequences to terror?
Feds asked
to give property to terrorists – what about original owners: Indians?
Fear not
reality is the motivator for terrorism and gun politics: We spend $billions
on terrorism, which killed 229
Americans. In the same 10 years, 310,000 Americans died
from guns.
LA pays $24.3 million to two men wrongly convicted—prosecutor
made up evidence
Low-Value
List: Cars/trucks that break most often without warranty-quality/price low
High-Value
List: Cars that last a long time—250K miles—quality/price ratio high
Now
policeman apologizes for word choice: "My poor choice of words…” He detailed
what drivers could do to avoid
being charged with a crime if their vehicles struck someone during the
unpermitted march.
IAN
41 Watchung Plaza, B242
973.746.2014
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