Give your child a leg up! Make sure they can make and
manage money
Make sure you teach your kids how to create wealth the easy
way. Show them the Warren Buffett investment strategy. My parents were not
investors. At my first job, I had no clue which investment to use for my 401k
contributions and company match. The HR person told me to put it into the
'safe' stable
value fund. That was the worst choice at my age I learned
later when I got my securities’ licenses. If I had followed their advice I
would have ended up with $150,000 instead of a Wealth Reserve of
$877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost
high-deductible insurance, to buy two homes and 5 cars (over time) with higher
down payments or cash, and now to receive $2,500 a monthly in retirement
supplement.
How long will this bull market last?
Despite what every Wall Street guru and professional economist says, NO
one knows. So instead of us trying to time the market so we get out at the top
and in at the bottom, we will take the average
of 11% a year. If you had taken the advice of the ‘wise men’ at Morgan
Stanley, you would have missed the largest
YTD gain 17% since 1998. This is why we have to acknowledge that our
brokers/advisors or whoever can’t know the future. Given that this is
the way it has always been, we are not under broker-induced delusions. We are ‘buy
and hold’ investors in low-cost funds at Vanguard. We put our money—short and
long—in both stock and balanced funds. We keep adding more to our portfolio
because we think American business will continue to grow globally. Even with 2008 loss of 37%
we had gains of 29% in 2009 and 32% in 2013. Not many advisors were able to
guide their clients to ‘sell high and buy low’ and come out ahead. The buy
and hold crowd did come out ahead. Buffett: http://fortune.com/2017/12/30/warren-buffett-million-dollar-bet/
Use low-cost funds; be patient: https://www.amazon.com/Warren-Buffett-Millionaire-money-snoring/dp/1508887381
What to do when your LTCI premium
rises?
Genworth, the largest long-term
care insurer by number of policyholders, received approval in the first quarter
to increase premiums an average 62%. Other
carriers have received even
larger premium increase nods. Insurers cite increased longevity, spiking
health-care costs and sustained low interest rates. State insurance heads have
granted almost every request. So what can you do? You will need to check with
your seller or read the contract and see if there are options. Nearly
90% of people will NOT need a big policy. Generally you could cut
benefits, pay up or cut your loses and build your own fund. After all, if
you pay the insurer $2-3,000 a year, you could have $200,000 in 20 years. What
if you don’t need LTC, you would lose your entire premium values. You could use
it to supplement your income since everyone is living longer, experiencing
increasing drug prices and lack of investment yield. Beware the salesperson
will try to re-sell you and keep the policy by scaring
you with huge potential costs in the future.
Consider alternatives: https://www.amazon.com/Long-term-Care-Insurance-Updated/dp/148274001X
Best ways to protect yourself from
identity
theft
1. Freeze your credit report with
appropriate credit bureaus—list
of bureaus.
2. Use random symbols, letters and
numbers to fill up password block.
3. Use email not text to send
passwords, names, address, and sensitive data.
4. Use an encryption key set up
for very sensitive data.
5. Avoid public Wi-Fi devices and
rental car Bluetooth to connect to the internet.
6. Using Chrome
to save passwords is a trade off—caution: settings/passwords.
7. Phishing is your greatest
threat—confirm by phone anyone asking for data.
8. Change critical account
passwords every 3 months—never use same one for all.
How could Trump claim billionaire
status and lose $1.17 billions?
Answer: US
tax code and ‘creative’ accounting. The 10-year total: $1.17 billion in paper
losses from commercial real estate ‘depreciation’ so he could avoid paying
taxes on his actual cash income. Mr. Trump was able to declare he lost all that
money without facing the usual consequences — such as a steep drop in his
standard of living — in part because most
of it belonged
to others, to the banks and bond investors who had supplied the cash to
fuel his acquisitions. And as The Times’s earlier investigation
showed, Mr. Trump secretly leaned on his father’s wealth to continue living
like a winner and to stage a comeback. Running
for president was just a “marketing opportunity” for Trump according to his
lawyer. After US Russia
Use your tax break: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300
Can your broker/advisor really
find the sweet spot of investing?
More
studies show that whatever the current fad—factor
investing or ‘smart beta’ could be worthless like its predecessors. As soon
as someone thinks they have found the holy formula that provides more return
with less risk, it probably will fail. Stocks with better returns get
purchased, driving down any future superior returns. So if investors are
avoiding only funds that are correlated with the market they are avoiding risks
that just don’t matter that much. If investors think that a hedge fund
manager has a new formula, the rush to capture the fund’s returns cancels it
out. Charles Ellis pointed this out long ago in Winning the Loser's Game. The delusion of a rational market
persists so Wall Street can make its’ $ billions from our money. I can live
with 11%
long-term return.
Keep your money: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
**************
Truth isn’t truth, his
lawyer says
Two Americas
***********************
How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!
Can Trump raise 63% job participation rate or is
that too ‘socialist’? Wealthy
got theirs!
$3.7 Trillion spent for better health care but
failed: all agree data firms got rich.
Air Force upset GOP: buys F15 not F35,
A10—reliability
over gadgets; saves money too.
GOP
violated Constitution to assure GOP elections in OH. Dems were locked out.
Trump
revokes press pass; stops briefings: Dictators have only propaganda-no free
press.
Public
schools violate church/state law: high schools learn religionists’
biases not God
SCAMS/SPINS:
GOP already kills
infrastructure plan of Trump-Dems: tax breaks OK; bridges roads Nyet
Did
Boeing kill 2 planes full of people? Failed to warn pilots about bad
equipment.
400 Fed prosecutors
say Trump
is criminal: obstruction if he were not above the law.
Trump sends combat
ships to Iran to divert attention: gin up his supporters.
GOP
uses religion to let your doctor/hospital refuse your medical procedures.
Andrew Scherr,
Robert McGraw caught
fraud on insurance firms so the claims not paid.
Brian Fettner caught
stealing info for insider trading from friend’s home: fine no jail
Stephen Querzoli caught
trading A shares for larger commissions losing client money
Reviva Brain sued
for fake brain
health claims: Tiger Woods testimonial not his skill.
Young Living sued
for fake
health claims as pyramid scheme enriches owners.
Trump’s
double sent to jail for swindling hotels/banks: fake ‘German billionaire’
lied
Acadia Healthcare defrauded
WV Medicaid $8.5 million: fined $17 million.
Jeep
& Ram owners get $3,000 for buying high emission vehicles: Fiat cheated
on tests.
Angie's
List’ ‘top-rated pros’ really advertisers: Home
Advisor too. We guessed all along
UBS caught promising
low risk high yield from leveraged, esoteric options: lose 20%.
Debt collectors allowed
to send consumers unlimited text and
e-mails. PAC payoff.
Melting
global ice pack allows more trade opportunities for Trump
NY State voted to
give Trump
tax returns to Congress—not ‘under audit’—he lied.
The Mob Boss can never go to jail: Trump
has Kava as Supreme so no contempt.
‘No man is above the
law’ … well up till now. Dictators
nullify courts first, then votes.
Supremes
protect Don’s ‘Orders’? – GOP: ‘Sure, prez
can change
Constitution anytime.’
Jobs:
Who owns your account now?
Big Brother recording
everything you say and you don’t have attorney–client
privilege
Trump has won! 7
million more people do NOT have health insurance: use expensive ER
Wash Post identified
33 or 37 Trump misinformation tweets—best in class
Make your will free:
https://www.freewill.com/r=ga
Verify requirements for your state: https://statelaws.findlaw.com/estate-planning-laws/wills.html
Miracle:
Humans
killing millions of species needs miracle to stop us.
Kendrick
Castillo gave his life for his peers: “Greater love hath no man” John 15:13
IAN
41 Watchung Plaza,
B242
973.746.2014
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