Ask advisor follow Reg BI

Your first investment choice during a pandemic

If you are just getting your investment plan started—new job or new try in the market—what is the best choice? During this time of volatility and lack of trend or direction, you need a single fund which owns the major profitable companies:

1              Microsoft Corp.

2              Apple Inc.

3              Amazon.com Inc.

4              Alphabet Inc.

5              Facebook Inc.

6              Johnson & Johnson

7              Berkshire Hathaway Inc.

8              Visa Inc.

9              Procter & Gamble Co.

10            UnitedHealth Group Inc.

You need to begin with a low-cost fund (0.04% expenses) so you can keep almost all of your profits—none to the seller. You need an affordable fund that you can buy in one decision. Many of the stocks in this fund pay dividends so you can buy more shares without having to use your own money. These firms share their profits with you as they grow. These companies are very unlikely to go out of business so you won’t lose money over the next 5-10 years. Over time this fund earns 11%. Since these stocks are owned by millions of people you will be able to sell them to get your money back easily. This fund is recommended by one of the greatest investors of all time—Warren Buffett. In fact he thinks this is the only investment you will ever need to consistently beat Wall Street professionals. Most pros quit before their fund sinks. Use the most successful way.

First and only fund: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355

Our government just bought a trucking company: Socialism

YRC Worldwide, a troubled trucking firm, just gave us a 30% share of the company for $700 million. Justification: Congress gave permission as a way to ensure taxpayer funds are not misspent. Unlike the bailouts to major for profit corporations back in the recession of 2007-8, we got an ownership stake. Our reps approved this socialistic move to “enable a critical vendor to the Department of Defense to maintain significant employment while providing appropriate compensation to taxpayers.” YRC (Roadway, etc) has 30,000 trucking jobs that “support essential military supply chain operations.” But remember, we, the U.S. government, already provide more than $700 billion annually to the federal military and police for transport. Darren Hawkins and YRC board members just saw their stocks TRIPLE in value in addition to higher salaries. This is the same kind of scam used in the Recession to make some insiders very rich.

Avoid taxes to pay the rich: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584

Your advisor must follow Reg BI now

Reg BI mandates that brokers/advisors must now meet a “best interest” standard, rather than a suitability standard, when making recommendations to us. The old rule was suitability: brokers had to have a “reasonable basis” to think that a suggested product, service or strategy for an investor was “suitable.” Basically, brokers/advisors did not have to be concerned with our “best interest” as long as their advice/product did no harm. So a bank CD or annuities were considered “suitable” for anyone wanting to “preserve capital.” We did not know commission on one was 20 times larger than the other. On July 1 Reg BI requires brokers to develop and enforce policies that were “reasonably designed to identify and eliminate” sales contests, quotas or other types of noncash compensation that were tied to the sales of particular securities or types of securities. So we have to ask our advisor: “why do you recommend” this product and “how do you get paid” and “how much are 12b-1 fees.” Advisors are really salespeople and their well-being comes from our money. Usually we don’t ask these important questions to determine the best for us and sellers don’t mention the ‘best’ for us. Sellers only sell what they are told to sell.

Our “best interest” not theirs: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Your driving record and history are public

Your car insurance rate is calculated based on many factors. And your driving record and full history are public record: Your driving record contains all in-state offenses as well as information about the current status of your license and other important details your auto insurer or litigants might like to know. Your accidents as well as speeding tickets and other civil infractions, including tickets you beat. Even if you've been found innocent, the fact that your driving has been called into question might help the police decide whether you should get a ticket. Police have access in their cars—that’s what they are doing when you get stopped and they go back to their car. Your criminal record is also checked. Insurers use age, socioecon, income, gender, location, type of car, type of coverage requested, credit history, miles driven (work and leisure), use of car (pooling), and driving course. Insurers know more about you than your family! Some track your drive.

You must ask for discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Financial Independence

What is it? How do you get it? How long does it take? What are the benefits? You don’t have to be wealthy to be able to make independent financial decisions. Independence usually means that you want to be free of limitations on your goals. So the first step has to be finding out what you really want in life. Other than immediate gratification, what would make you really happy and feel free? Money usually provides us with the financial freedom to do what makes us ultimately happy. If your goals are too vague or too big, ask about what you want in 1 year, 5, 10, and 20. This is not a current ‘to-do’ list. It could be a good job, a career, a family, at business, enough money to quit working day to day. Now you need a plan. First, write down each goal. Second, consider the steps to get to each one. For instance, if you need money to reach any of these, are you taking the steps to obtain money to reach them? Are you saving/investing by spending less than you make? Third, you can’t accomplish them all at once even if you thought winning a lottery or gambling could get you the money immediately. Most winners lose it all within 5 years. Forth, prioritize your goals. You just don’t fall into a job, career, family or business. It takes work over time. Fifth, no matter what stage you are at now, keep reviewing where you are going and how you are going to get there. No one sets out to be what they eventually become. Life is not like that.

Leah did it and so can you: https://www.amazon.com/Leahs-Money-Book-control-money/dp/1448654408 

Tax return due July 15: Extension automatic with form

If you could not meet with your preparer and can’t complete the online tax return using one of the FREE software programs, you can obtain an extension to October 15 just by filing a form with an estimate of what you owe. IRS wants the money—the return can wait—since they have 3 years to find any errors. Fill and print and pay form:  https://www.irs.gov/pub/irs-pdf/f4868.pdf

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—do we really want ‘low-IQ’ Mobster?

Ignore science at your peril

Mobster refuses NJ quarantine order for his mob

But Mobster putting up more protection for himself … NOW

Mobster’s use of Pentagon funds for his Wall is illegal

Impeachment didn’t work: Vote mail-in might

Fascists blame ANTIFA for anti-racist protests

Mobster more worried about vandalism than Blacks being killed

Mobster encourages racism: ‘Make America WHITE Again’

OK police kill ill man 50 times

How Govt wastes our money: Congress gives 3.7 Trillion to the wealthy! 

Trump told to release immigrant children being detained in cages by non-Trump judge

Trump promises more bailout money to wealthy: Tells Supremes to cancel health insur.

C-19 treatment will cost over $3,000 in US; less outside: Gilead stockholders win big!

Trump claims never read/heard of kill bounties: is he not CINC or shielding Putin?

Paycheck Protection Program renewed with $130 billion left unused

IRS cuts enforcement: chance of collecting BIG bucks from wealthy low. Poor get audits.

Another bank bailout from leveraged assets on the way: bankers will need our taxes again

SCAMS/SPINS:

Trump ignores science: Arizona facing more per capita cases than any country!

Trump mob on more virus deaths: “we just have to live with that.” Mob tested daily!

Florida's case count increased fivefold in two weeks. Texas, Cal suffering reopen too

Trump puts anti-conservationist in charge of Land Management: Drillers delight

Cowboys for Trump refuses to register membership: want anon. action in elections.

Putin changes constitution to stay in power forever: Trump’s dream come true?

Danaher’s C-19 antibodies test approved by FDA: most others not accurate or fake

Virus ‘FREE’ test may cost $ hundreds depending on your situation/insurance/place/time

United States reported 52,789 new coronavirus cases on July 1: new high

Boeing hiding documents about changes made in key system flying doomed Max 737

Arsenic in some bottled water: use over time gives you cancer

Facebook admits to wrongly sharing user data with third party apps yet again

Wealthy CT don’t want to integrate their mansion neighborhoods

Liz’s (R-Wy) dad Dick Cheney, wearing a mask and the hashtag “#realmenwearmasks”

TrumpCare health plans caught “deceptive” “misleading” marketing: pay less; get less

Tupelo MS mayor quells the social distrust/misinformation/propaganda wars: reasonable voice

A national police misconduct database not possible: states decline to be accountable

"As long as I'm the majority leader of the Senate, none of that stuff is going anywhere.”

Except The Don wants to end desegregation law: Senate to Make America White Again

Supremes OK state money for private/religious schools: end church/state separation.

Supremes block absentee voting in Alabama: now need 2 witness notarized affidavit 

Jobs

Microsoft will close nearly all of its retail stores: call centers will fix all problems

White supremacists and Neo-Nazi National Guards hide in plain sight like racist police

Trump cultists fill military/judiciary: Generals do photo ops and GOP judges last decades

Roundup $10 billion cancer settlement yields lawyers $3 billion fees, plus costs!

Is pandemic pushing you to retire early or work longer? Older poverty rate jumps to 54%

Political jobs pay well but you must k*** a** every day.

Who owns your account now?

American Air to pack ‘em in so you are sure to catch hoax from your co-passenger 6 inches away

Air travel requires a ‘health acknowledgment form’: you just say you don’t have virus to get seat!

Options for college: in-state fees, scholarships, discounts, low-income plans, community,

Rent assistance: some states offer up to 6 mo help but enrollment time is limited

Pay income tax in cash? Some retailers take your tax money for a fee.

Is it time to refinance? Rates are low but make sure you cover your costs.

Miracle:

Fed orders big banks to avoid another recession bailout by taxpayers: how smart!

Supremes tell LA to let women’s clinics do their job: no extra doctor creds necessary

More child sex abuse complaints by Catholic priests/cardinals as church tries to deal/cope/pay.

First patron saint of the internet? Seriously? 15 year old given the title: child abuse?

Summer vacation spots opening in the Artic: swimming, boating, fishing, swamping, etc

Arctic is figuratively and literally on fire — it’s warming much faster; causes wildfires

MI 9-year-old sewn/donated 500+ masks: “It helps to share kindness in my community”

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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