Where can you invest $100 for your child now?
Teach your child to invest the Buffett way. Success with
money starts early. Compounding over time assures your child of security. You
have a great opportunity to teach your child how to become successful with money.
They can learn to take care of themselves and even become wealthy from your
guidance TODAY. You can show them how to take advantage of the greatest power
in finance: compound interest and the time value of money. Warren Buffett, who
turned his paper route savings into $60 billion, credited compounding over time
for his wealth. "My wealth has come from a combination of living in America
It is TIME not stock-picking: https://www.amazon.com/Where-can-your-child-invest/dp/1492164240
What to do with your inherited IRA?
Tricky rules can
create a BIG tax bill. Consult your tax preparer or planner, NOT your
broker/advisor—they do accumulations not distributions. “The worst thing to do
would be to cash out the plan, put it in your account.” IRS reversals are hard
to get. A spouse has many choices so get help making the decision. If you
inherit from parents or other non-spouse, you may be able to pay taxes over
time as you make withdrawals. If you inherit an IRA that has already been
tapped, other rules apply. If you inherit with other beneficiaries, be careful.
If there is a trust, hang on till a lawyer give OK.
Everyone has to pay tax: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716
Why your broker is pushing financial planning or dumping
you?
Morgan Stanley (and other brokers) has just told its sales force
that they must
push financial plan sales and find higher net worth clients to earn the
same next year. Management
wants more income after they had a banner year of 18% increase! Wirehouse
brokers have enjoyed higher incomes because everyone’s
account has grown 35% on its own in the last 3 years. MS raised the payout
grid tiers to force advisors to find richer clients and get rid of customers
with less than $250,000 in their accounts. In fact, we will earn less on our
cash if we leave it at MS. If we want a hard copy—a check or statement—we will
be charged up to $25. Even support staff will be rewarded for getting our
recurring deposits. MS noted that brokers earn more just because the markets
grew and this new grid recognizes that. Big producers will not be hurt by the
changes of course. Advisors
encouraged to influence credit & spending of customers’ lives now.
Which fund is best for your retirement nest egg?
We have learned that we can trim the risk of market
upheavals by using a ‘balanced’ approach—stocks for growth and bonds for
ballast. Since 1970 one fund has continuously provided retirees with total
returns (income plus capital return) of over 9%. Since 9%
is greater than inflation of 3% over time, our nest egg can maintain our
purchasing power even though we may live long and prosper. Insurers sell their
annuities to offer this same ‘longevity insurance’ but at a higher cost. If we
don’t take the income each year, we can actually double
our money in 10 years. So if we have other income (SS plus pensions plus
forced IRA distributions), we can provide a legacy and or have a large medical
contingency fund at the end of life. To some of us, this beats every annuity
plan that brokers offer.
Forget their annuity: https://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573
Is ‘alimony’ insurance right for you?
Consider that the median age of divorce is 32 years old. If
you are the spouse receiving alimony and your spouse dies, how will you live?
Will your income cover your family needs for the future? Life insurance is the
answer if the paying spouse keeps up the payments. Your divorce decree may contain
this provision but you will not know if the premiums are being paid unless you
are the owner/beneficiary.
Reliable cars from Consumer Reports
Most reliable turns out to be a sports car: Mazda MX-5 Miata.
Toyota Prius, Lexus, Hyundai and various models of these nameplates make the 10
top. Shocking
that an American nameplate is not on the top 10 list. On the other hand, CR
found 12 car models, including the Audi A6, Ford F-150, and Honda Passport,
cut
from the list because of problems identified in our annual reliability
survey of CR members. 20 other models actually moved up on the list
including Porsche Cayenne, Tesla Model 3.
Buy reliable insurance too: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
How would you feel if your investments went up 30%?
That is what is facing many index fund investors this
December. Growth
index funds with costs of only 0.05% are up over 30% YTD. A one-third
increase is difficult to accept given that most people fear investing in the
stock market. However, no one can predict the movements of the markets so the
only rational answer is to stay invested in all of them. The markets go thru
phases: look at this chart: 2017,
2013, 2009, 2007, 2005, 2004, 2003 all had over 30% returns BUT in
different sectors. Even the most knowledgeable money managers like Warren
Buffett cannot predict which one will grow your account by 30% a year. Use the ten
best funds since they average 11% a year.
**********ACCOUNTABILITY**************
Like 1776, this period
is a test
of democracy—do we really want ‘low-IQ’
Mobster?
Courts: “Presidents
are not kings”
How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have!
Trump
offers bribes to Congress members: VIP perks at our Camp David :
we pay!
Judge
gives Trump a stay on McGahn impeach testimony: Delay delay delay
SCAMS/SPINS:
IL McDonald’s workers sue: failure
to protect from violence/managers complicit
Easy Military Travel,
Edmiston caught: misled military travel clients
Samuel DelPresto MLF
caught
fraud 'pump-and-dump' microcap scheme
fine no jail
Conrad Coggeshall AZ
caught:
stole $700,000 from elderly promised fixed income
Brett
Pittsenbargar caught
selling $18 million illegal Woodbridge securities 45 clients
Anilesh
“Neil” Ahuja sentenced to 50 months prison conspiring to overvalue the
hedge
Babies die: bumpers
allowed by govt despite medical experts warning: profits kill?
Trump mobster: Nunes
worked with Ukraine to get dirt on Biden: Nunes conspirator?
Trump
challenges American constitution: GOP thinks Pelosi quits: too much Cool aide
Navy
defies Trump's clemency of SEAL Gallagher to save
its ‘institutional integrity’
Compare
Ukraine and Watergate: Robert Redford reviews today yesterday today.
“Congress’s
authority to oversee and investigate the Executive Branch is a necessary…”:
Benghazi
GOP!
Who owns your account?
Jobs
75,000 stores close
in future: no
more entry level retail jobs: showrooms only survive
Truck Job layoffs: orders
of heavy-duty trucks were down by 51%
from last year
Schwab
taking jobs to TX from San Fran: TD moving to TX from NE too
Small town has town
employees run grocery to help town folk: socialism
or just practical
Miracle:
10
yr old saved from own family pit bull attack by neighbor: quick action
saved her arm
Priests
finally receive justice for abuse of children but not from Pope/Bishops
from govt!
IAN
41 Watchung Plaza,
B242
973.746.2014
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