What happened to your money since the financial recession?
When the market fell 45% in 2007-8, did you sell or did you
just cringe like I did? I decided there was no other place to go. No “advisor”
knew what to do. If you sold your portfolio and moved to safe cash equivalents
earning 2%, how have you done? $700,000 in 2007 would be worth $820,000 now if
you got out BEFORE the fall. If you got out at $600,000 you would have $700,000
now. If you got out at $500,000, you would have only $585,000 now. I didn’t
know where to go so I have the same $720,000 now. Is it smart to sell in a
crisis? When I look at the market over 10 years, I see an upward trend: https://www.google.com/finance?q=NYSEARCA:IVV
When you look at this graph, remember dividends. In 10 years, you would
have lost all those dividends from companies in the 500 index. The companies
continued to make profits. That is why you invest. Not to try to time getting
out and then getting back in at the right moment. Studies show it is hard.
Vanguard low-fee investing has changed our future—saved us $200,000
+
$1
of every $2 invested today goes to Vanguard. That’s $1 billion a day for 18
months. All the other managers are cutting fees to compete. Don’t be fooled—Fidelity can raise the
fees when they need to. Vanguard does not lower prices temporarily as a
novelty. We investors own the funds
and charge ourselves just enough to provide top drawer service. It has no
owners like Fidelity’s
Johnson family so there is no multibillionaire to fatten annually. Vanguard
has index and managed funds and ETFs at cost for our benefit. Our portfolio grows
to $500,000 not $300,000 on fees of 0.20%
vs 2.0% over time. Low-fees beat high-fee investments in every period so
your $16,000 by age 26 becomes $1
million.
Vanguard: the best costs less because volume: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Myth of GOP “small” government, low taxes, high growth
George Will just left the GOP. Many listed as GOP say they
can’t support its candidate. We may be seeing the end of the myth of
conservative politics. Socially-conservative Christians are flocking to a Manhattan
playboy who promises to get stores to say “Merry Christmas” again. They want to
block non-Christians
from politics and reinstate
Christianity as the ‘state’
religion. The GOP candidate is promising to spend more on protection and
reversing the progressive trends than the mythical Reagan did. He promised more
government spending to control immigration, non-Christians, women’s health
clinics, environment, and business. Like Reagan’s
expansion of government workers (60,000) and the debt ($2.3 trillion) at
the expense of workers (1983 payroll tax hike)—in the name of working people,
Trump promises to cut taxes for the wealthy and pay for it by making a national
sales tax like Europe. Don
Trump will cut Medicare and SS benefits “if tax cuts don’t make big
surpluses”. Reagan raised
taxes 7 times and gave millions of immigrants amnesty.
GOP proves tax cuts for rich doesn’t create growth; just ruins
life for us
GOP statehouses are trying to exclude DEMs from voting,
getting health care and good educations. KS is proof that cutting taxes for the
rich just ruins that state for the rest of us. They cut
Medicaid, education, federal payments, infrastructure like
KS and now they can’t fix it. KS lawmakers created more gov not less; and
will need to raise revenue from working people in the form of property
taxes. NJ Christie wants to triple the gas tax to offset his tax cut for
millionaires, who are leaving the state anyway.
GOP isn’t conservative. GOP just don’t like non-white non-Christian
& women deciding.
Is indemnity health plan right for you?
ObamaCare ban on savings-type health plan cancelled so Central United and others can profit from poor people again. A DC court struck ACA provision that outlaws plans that don’t pay the full bill when you get sick. Obama said they don’t provide comprehensive care for all diseases or even the full hospital bill so can’t qualify as “minimum essential coverage.” $500 for a $30,000 hospital bill is NOT insurance. These policies are big money makers because companies are selling limited payouts as health insurance. They are popular in countries that have FREE health coverage so people can pay for extras. ACA made policies affordable ($120/mo) or free (expanded Medicaid) for most people. Before you buy, see 1997 movie “Rainmaker”: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
ObamaCare ban on savings-type health plan cancelled so Central United and others can profit from poor people again. A DC court struck ACA provision that outlaws plans that don’t pay the full bill when you get sick. Obama said they don’t provide comprehensive care for all diseases or even the full hospital bill so can’t qualify as “minimum essential coverage.” $500 for a $30,000 hospital bill is NOT insurance. These policies are big money makers because companies are selling limited payouts as health insurance. They are popular in countries that have FREE health coverage so people can pay for extras. ACA made policies affordable ($120/mo) or free (expanded Medicaid) for most people. Before you buy, see 1997 movie “Rainmaker”: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
"automatic IRAs" for workers who have no workplace
retirement plans
50%
of the workforce or some 55 million employees have no plan at work. Some
states are making the simple plans easy to set up so that workers will have
income beside Social Security at age 67. Maryland's new auto-IRA, which
mandates the automatic enrollment of any employee who works 30 hours or more
for a company with at least 10 employees, were adopted nationwide, as many as
37.5 million Americans could be included, one observer said. The auto-IRAs
would typically be invested by state-administered agencies that might compete
with private-sector retirement plan vendors and investment managers. But the private
sector has not helped set up plans at work before since commissions are
low. NJ Christie vetoes the plan at the request of insurers, whose
agents offer private funds with high fees. Other states employers show little
interest in auto-IRAs.
Real incentive: Tax-FREE retirement: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
Is a new car right for you?
A new analysis
from Bankrate.com found that a median-income household could not afford the
average price of a new vehicle. The average price is about $34,000, according
to Kelley Blue Book. New cars have expensive safety features like
collision-avoidance systems. However, as the family of Joshua
Brown found out, they don’t work .. yet. (big trucks look like sky to autopilot.)
Like all new stuff, especially
software, it takes time for success. Of course incomes vary a lot. But as
the Times
showed, in Hartford with incomes of
$29,000, an affordable price is $8,000. So everyone borrows more for longer—68
months average and ends up paying $30,000 total. And 30% of us lease now and
again make payments forever. Obviously, a 3-year old makes sense. One of our
members found a 2012 Camry last year for an all in of $14,850 ($29,000 new) She put
down $6,200 and financed the balance at $120 a month for 72 mos. She got 6
airbags, Camry quality but no autopilot, video, cameras, etc. 50K miles.
Used cars are usually 30-40% off: https://www.amazon.com/Personal-Finance-Smarties-Not-Dummies/dp/1469973030
(a summary
of the GOP Presidential debates) (history: GOP
has the final candidate by Feb 17) (FBI
criticizes Hill’s lies she can’t blame on others)
What
does Trump’s American Socialism stand for?
KKK sees big
opportunities after 150 years
Put secessionist’s
flag back in public spaces - cemeteries, courts, state houses.
Put up a wall, end trade, bring
back repetitive “robotic” jobs back from low wage areas.
Replace ObamaCare: no mandate (tax
credit so you can try to find your own like before)
GOP gerrymandering
so they can’t lose some districts … ever.
Create tariffs on imports
so we pay $6,000 more for stuff we buy. Middle class tax.
Trade pacts are no good for us and no good for our workers.
National right to buy
and carry any firearms anywhere anytime by anyone age 2 and up.
“Lust
for executive power”—GOP House leader thinks Don wants to just snap
fingers.
“I
could stand in Fifth Avenue and shoot somebody and I wouldn’t lose any
voters.”
Don’s rallies begin with crazies
denouncing supporters--thrown out as “protestors.”
“It’s hard to reason with
people who don’t care about good policy, logic or sound information.”
(Scots were
pushed from homes, offered fake jobs, sued, threatened over turbines)
When Prez,
I will personally
sign all checks—new jets, SS checks, debts.
Ryan tax
cuts for rich are paid for with “consumption-style”
national sales tax.
My
delegates are bringing guns to fight ISIS friends
in Cleveland. Speakers?
I am having
my vendors
pay my staff as expense so no income taxes: Biz deduct
I don’t
need Christie’s
mess in my election. Newt’s been married 3 times too.
"Saddam
was a
bad guy. But he did well. He killed terrorists! . . sooo good."
“Constitution
is negotiable like everything else—Especially Art. XII” But no XII.
I want you
to tell
the press the meeting was great—I know what I am doing.”
Hill: Bill just
doesn’t think—or thinks meeting my prosecutor is nothing. Or envy?
Looks
like 1964 all over again. Goldwater had same message for racists and lost.
"Republican
Women for Hillary" --former Bushies
for trade and a deal with Hill
Kasich
for VP to lock up OH? Or Rick Scott of FL
What
could FBI do? I might be their boss soon and FBI needs new building.
There are
different rules for the former Prez and me. We
only do good things!
GOP will
spend $
millions more on 5 committee investigations of me. Wasted tax
Paul: ‘This is one of my big concerns:’ Don’s
“lust for executive power.” But he’s it.
“Saddam was
one of the most evil people” … not ‘so good,’ Don!
I think we
will have to punish the DEMs for their sit in” Jail? Fine? Ban?
“Anti-Semitic
images, they’ve got no place in a presidential campaign,”
KKK Duke: there was “no way” the Star of
David shape was a sheriff’s star.
Ryan bans secrets from Hill. Ryan
first discussed the idea with Megyn Kelly !?!
There is a
reason Don’s
businesses filed bankruptcy 5 times.
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!
.Raymond James fined for massive
fraud scheme involving the Jay Peak
.Got a Stinky
Front-Load Washer? http://www.consumerworld.org/?utm_source=newsletter
.Another
child killed by gun accidentally by
Dad on regular gun family outing.
.ObamaCare
ban on savings-type health plan cancelled so Central United Life can
profit
. Andrew Caspersen
Park Hill Group caught defrauded investors of $38 million
.VW recalling 6,000 Touran
replace front gas bottles corrodes burst fire
.SC town bans “saggy pants” rapper style originated from oversized prison outfits.
.When everyone has guns; your chance of being killed
goes up. Just by the numbers.
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
SCAMS
Back in 2007, the Bush
II White House ‘lost’ more than five million private emails.”
Someone got paid for this? Seven-year study concluded the Iraq
war was mounted on flawed intelligence and executed with "wholly
inadequate" planning.
Ignoramus Award: VA
lets violent
gun felons buy as many guns as possible
Remarried Catholics must avoid sex and live like “brother and sister,” Phila’s
archbishop. But the Church is against birth control by unnatural means in Humanae
Vitae #14.
How our government wastes our money
Obama spends $ billions we don’t have on lost wars—9000
in Afghan, 5000 in
Iraq--any Moslem countries fighting to end their religious idolaters?
Obama
to build a sophisticated anti-missile system in South Korea. Why can’t Korea ?
We are paying for 28,000 U.S.
troops stationed in South Korea
already. Let them pay.
Who owns your account now?
GOP convention replaces FUN speaker Paul
LePage with Walker-Cruz. File
for refund
IAN
41 Watchung Plaza, B242
973.746.2014
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