Better way to
‘reform’ tax code is eliminate corporate subsidies and tax shelters!
Cut
the subsidies and tax tricks used by corporations and wealthy to pay less
tax. GOP adds $1.5 trillion to the deficit, cuts $4 trillion in spending
including nearly $500 billion in cuts
to Medicare and $1 trillion to Medicaid. Don’t believe that an explosive
economic growth, jobs and high wages will make up for it. KS
tried tax cuts and nearly went bankrupt. Quality of life fell. People left
towns. Bush
tax cuts also made deficit grow. Many large
profitable companies pay $0 tax: ATT, WellsFargo, Chase, Verizon, IBM, 258
more. Tax cut means nothing—jobs
created overseas where untaxed profits go! Trump mob do NOT have ‘wage’
income so they don’t pay income tax. All their properties are inside
tax-advantaged entities and so deduct tax as business expense. Consider Trump
lives at Trump Tower
Time for YOUR tax
shelter: https://www.amazon.com/Tax-Shelter-for-Americans/dp/1500426520
Buffett’s Simple
Low-Cost Investing Beats Wall Street, Again
Warren Buffett has
proved it, again. You do not need Wall Street 'professionals' to reach your
financial goals. In fact, if you use them, you may give up 63%
of your potential accumulations because of trading, charges, commissions and
fees. Buffett made a bet with a hedge fund manager for $1 million 10 years ago.
So far Buffett's
strategy has earned over 7% a year versus 2.2% for Wall Street's best and
brightest. Buffett has advocated a simple low-cost strategy for decades: Buy
the stock market index in a fund like Vanguard's 500 Index. Invest in the market
returns consistently and you will do better than everyone you know. Instead
of $854,000 at $250 a month you end up with $220,000 because of Wall Street
costs. Over the long term, your returns would average over 11% per year. DALBAR
keeps track of returns and found that the average
managed-account equity investor earned just 3.79% a year over 30 years
ended 2014. The benchmark returned 11.06%.
Use the Buffett
strategy and KEEP more of your money: https://www.amazon.com/Buffett-Strategy-854-000-not/dp/1978481020
Here is another
reason to switch your advisor to Buffett
Advisors and brokers
can have complaints about their work “expunged” from their public record so you
don’t see them. You are NOT protected by the industry that exists to profit
from investors. In fact the industry trade group, FINRA, does not keep a list
of the firms that keep employing the brokers with the most complaints. However,
SLCG
shows you which firms have the highest ratio of brokers with complaints. Some
firms keep 25%
of their brokers with complaints. Most of us would like to know if our firm
keeps employees that seem to have many problems. The industry trade group relies
on firms for its fees so the information is here but without some “erased”
data. Often those with a ‘rap’ sheet will move on. We do have the big picture. Some
well-known firms are at the top of the list: Oppenheimer, Stifel, UBS,
WellsFargo. Another measure is the pending complaints: UBS and MorganStanley
have higher ratios. The most common complaints are excessive trading and
illiquid securities. This study used BrokerCheck
but it is not complete.
Let Buffett be your
‘advisor’: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
What is wrong with
your advisor’s annuity?
Pitch: guaranteed income
for the rest of your life, guaranteed base earning rate, you can participate in
the market upside, no market downside, earnings grow without taxation, no
annual contribution limits like 401k, tax-deferred savings, could keep paying
spouse or heirs, even if your insurer quits you have state guarantee.
Insurers are pooling
your money with others and can make big profits: your guaranteed income amount
worth ½ after 20 years or stops on death, taxes due on each benefit check,
guaranteed base rate is very low, market participation is limited, reduced
benefits for multiple beneficiaries, state guarantee is small amount. Advisor’s
highest pay sale!
Some types might
help you: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019
GOP religionists
create fear and anger—to power the dictator
Why is an evangelical pastor
and Trump supporter saying Catholicism
is a “cult-like pagan religion” and the success of the religion is due to
“the genius of Satan”? This Southern Baptist pastor says that the Roman
Catholic Church is the result of the Babylonian cult system founded by the Book
of Revelation in a video. The ‘president of the Dictators love to divide society in order to control groups and hide their destructive power. Exclusion ideology of hate is NOT Christianity but idolatry of tribe.
Has TIAA the largest university pension system lost its fiduciary past?
Many university personnel trust this ‘non profit’ to give them unbiased advice. Now former staff members are claiming sales staff is being pushed to steer clients into higher fee products. A training update to wealth management advisers, provided to The Times from a current employee, came as the new fiduciary rule was being finalized. It told advisers “to avoid accidentally implying that you may be acting as a fiduciary,” when having educational conversations with clients. They should avoid “referencing the participant’s best interest” and “discussions regarding TIAA’s not-for-profit heritage.” But that trust is all that TIAA has. It is not the lowest cost and it is not the highest service fund firm. It seems to forget what its mission is: always from the client’s interest.
Along with many on Wall Street, TIAA argued against the fiduciary rule.
https://www.amazon.com/Fiduciary-Rule-BEST-dont-give-fees-anymore/dp/1530980275
Where is your long-term money?
New study claims residential housing is your best friend. Table 6 shows that the main reason risk-adjusted housing returns are higher is the lower volatility of house prices. Both rental yields and dividend income are relatively stable for all years and countries throughout the sample. However, the standard deviation of equity prices is double that of housing prices over the full sample, and around 2.5 times that of housing prices after 1950. Equity prices have experienced large swings and high-amplitude cycles throughout the course of modern history. Moreover, capital gains—the more volatile component—are responsible for a larger share of equity total returns than they are for housing. These two factors have become even more relevant during the post-WW2 decades. In the
Buy and hold both so you gain 11% in most markets: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Do you need a safe car that is worth what you pay?
Cars should protect you in a crash. If they are made well,
they should retain value if you ever need to trade them in. This list
of 20 cars may be your starting point. Save 40% with used
luxury cars that Consumer Reports tested. Avoid
these 10 cars. According to Consumer
Reports, they are the worst—not safe, not fun, not comfy, not easy, not
soothing, not quiet, not reliable, not worth price, not anything. Check
reliability rating at JD Power: http://www.jdpower.com/cars/awards/Vehicle-Dependability-Study-%28VDS%29-by-Category/1882ENG
And the discounts on insurance: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
****************
TrumpWorld
Trump is still just a mafia contractor from Queens—Dad
taught him to be The Don.
Smoking
gun: “Our boy can become president of the USA
and we can engineer it,” Sater wrote in an email to lawyer Cohen. “I will get
all of Putins team to buy in on this.” Manafort
tells Russian mob he will keep them informed about “our boy.”
Trump’s
group places mob ties above country; it’s about money-POWER not US service.
Undisclosed $26
million loan from Russian to Trump campaign manager Paul Manafort.
Mob
doesn’t call the FBI when Jr doing an illegal deal with fellow
mobsters. Receiving
stuff from ‘foreign power’ during campaign is illegal—even for idiots
and morons.
Trump
campaign asked Wiki to get Hillary emails from Putin hackers: smoking gun?
Putin using Twitter
now with fake followers for Trump mob—how great impact?
Trumpers
colluded with Russia by pushing their propaganda as if it was own tweet.
Putin
hired activists to stage demonstrations and promote divisive content.
‘Ministry
of Truth’ 1984 novel: Government propaganda is ‘truth’ when they say it!
EPA
not protecting environment by silencing scientist—Denial is NOT a policy!
Trump will repeal
pollution controls already agreed to by truckers just to spite Obama
Trump’s middle-class tax cut is a tax give-back to the 1%: 67% of
total for rich
Trump: “I totally changed our military, I totally changed the attitudes of the military
and they have done a fantastic job," I,I,I.
"ISIS is now giving up, they are
giving up, there are raising their hands,” Trump claims.
4 Green Berets killed by ISIS Oct 3
in ambush not expected and not supported.
Trump in July: I will give you $25,000. Check
arrived 22 October. Deductible?
GOP lawmakers weighing “sharp reduction” to 401k
tax-deferral—Trump “No
change” ?
My Theory:
Trump got Russian
help/funding for business
from business/mob
ties to Putin. US
banks not interested in more
bankruptcies. No one expected him to win so no harm getting Putin help. Don
owes Vlad’s mob money so they sent mob
gofer Manafort to run the campaign. ‘Colluding’
Putin style. Trump always has a fall guy to
blame when caught in lie.
TrumpWorld –
using presidency to make money the old fashioned way: theft
Weinstein firm propped up by Trump’s
funder, Vulture Capitalist, Barrack
Trump
‘drawing’ sells for $16,000—beat last price of $100
Junior
now getting $400,000 for GOP races from wealthy: tax cut pays for GOP.
Dictator talk time:
“When the president does it, that means it is not
illegal,” Richard Nixon
Propaganda: 46%
registered voters believe news outlets fabricate stories about Trump.
Repetition of lies
works for political propaganda just like selling soap. Most
want ruler.
Trump
puts atomic bombers on 24 alert—first since WWII for WWIII—end is near?
Trump
won the war of minds in Senate: 2 critics quit instead of fighting for America
Putin’s Revenge how Putin from a low-ranking KGB agent to the long-serving president
Putin’s Revenge how Putin from a low-ranking KGB agent to the long-serving president
NKorea has more
guards on monuments to Kim family bec/ disgruntled/hungry
citizenry.
The Don is moving
us to a dictatorship where the only people who go to jail are his enemies and
non whites he does not like. Racists
and nationalists get pardons. If Flynn Page
and Manafort
get indicted by Mueller, The Don will just give them a “get out of jail
free” card so they don’t rat him out.
NRA: The
Don is victim of most "ruthless attack on a president.... in American
history".
Gingrich: Trump
compared to Andrew
Jackson who also hated people of color.
“The
president can’t have a
conflict of interest.” The Don is above the law?
Quid pro quo:
"something for something."
Trump says he will
pay lawyers for his mob but has failed to pay in the past.
GOP
bans our right to sue banks and we must go to bankers’ arbitration: banks
win.
Trump
calls addiction national emergency but cuts funds to treat additions. Just
BS.
GOP voter suppression by threats of jail: AL
GOP may jail voters who voted.
Regulation is
necessary: We
need protection. Saves $12 billion of our money!
(No one
person can afford to sue a bank: class actions banned by GOP now.)
Bernard Parker, Indiana, PA caught
selling fake tax liens repay $1.2 million from prison.
Trump
ACA cuts mean don’t retire early: you may have to go ‘cold turkey’ on
coverage.
GOP
bans our right to sue banks: no more class-actions to catch WellsFargo
crime.
Trump cancels reg for local
office of TV/radio for community feedback. Centralize GOP propaganda.
OH
gun toters not worry about NOT telling police about gun in car. Road Rage
Bonus!
Trump
has suspended our right to bring class action lawsuits against our
advisors.
Tillerson
calls Trump a ‘f__king moron” ‘MORONIC’
LIAR:
How Govt wastes our
money:
SCAMS:
Tax-free
income ideas are NOT great ways to obtain income. Small business is the
best.
IRS tips to fight
Ransomware that locks your data up—don’t pay since you won’t get it.
Avoid these car sales tricks: you must be aware
of these tactics to protect yourself.
Jobs:
Yankees need new manager: Girardi
fired
Who owns your account
now?
Medicare or Medicare Advantage?? https://health.usnews.com/health-care/health-insurance/articles/2017-10-23/medicare-vs-medicare-advantage-how-to-choose
Miracle:
IAN
41 Watchung Plaza, B242
973.746.2014
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