Friday, December 30, 2022

Make sure your child learns how to invest the Buffett Way in 2023

 

Make sure your child learns how to invest the Buffett Way in 2023

Since it is difficult to predict your child’s future financial success, you can give them a foundation on which to build. The most important lesson of those living in retirement is that starting investing early makes life more secure. Since automatic investing from your checking account makes it easy to invest a small amount each month, begin by having $100-$250 sent to your low-cost mutual fund provider. Low-cost tax-FREE accounts mean you don’t waste your money paying commissions, fees, or taxes. Your kid’s account grows on 100% of your contributions. Investing $100 a month can grow to $1/2 million in 35 years using a 500 Index fund. At $250 a month, they have $400,000 in 25 years. Use a special investment account and they don’t give up 63% of their total accumulations. No income taxes mean they can keep 22% more.

Start here Jan 3: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

 

How did you do in 2022?
Hopefully if you pay your advisor/broker to keep you in the pink, you did better than these top low-cost Vanguard funds. Most of these funds owned by my readers cost less than 0.25% per year with no commission, purchase, redemption, or marketing 12b-1 fees. Most of them do not trade so there are no market timing mistakes. Few if any readers tried to sell before the market drop in early 2022. They stayed invested so they would not miss the market up tics. Those who sold out may miss the quick upturns that can happen in a 10 day lurch.

 

2022 Total Return Vanguard Fund   Long-term Return      Longevity

-19.8% 500 Index                                            10.8% since 1976

 24.0% Energy                                                  9.4% since 1984

-26.4% Extended Market                                 10.0% since 1987

 -0.8% Health                                                   15.7% since 1984

-30.1% International Growth                            10.2% since 1981

-14.9% PRIMECAP                                        13.4% since 1984

 -9.5% Small Cap Index                                   10.6% since 1960

-8.8% Wellesley Income                                     9.3% since 1970

-2.9% Windsor                                                11.3% since 1958

-12.9% Windsor II                                           10.7% since 1985

-10.2% Average                                               11.1% *           *Average Annual Returns as of 12/30/22

Invest like billionaire Warren Buffett. Invest your tax refund for a $1,000,000 retirement fund in 35 years.

https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X/

 

Stocks on sale: Now is the time to get bargains for the coming years

Tesla stock fell 18% this week alone — and has dropped around 65% in 2022. Despite the craziness, some readers are buying now since Tesla leadership in EV vehicles is established. The other tech stocks are a buy also. The S&P 500 Index stocks are down 20%. This means you can buy all your favorite companies—Apple, MS, GM, GE, ATT, Amgen, Pfizer, J&J—with one contribution at a discount. When would be a better time to buy ALL of them? Warren Buffett: be “fearful when others are greedy, and greedy when others are fearful.Everyone is selling; now is the time to buy. Consider what happened the last time the stock market lost 20% or more. Usually the market recovers and returns to its norm of 11% per year. Over time, your account of a buy and hold low-cost stock index provides $1 million in 35 years at $250 a month.

The Buffett Way: https://www.amazon.com/One-Decision-Investing-Buffetts-strategy/dp/1723529176

 

Finding more cash in 2023: fight recession

Being frugal can be fun. Your goal is to see how much you can save to protect yourself from any emergencies. Shop for less expensive car insurance. We saved after GEICO raised our premium for 2 cars and Umbrella liability by $230. Ask your cable guy to cut out what you have not been using. Do you still need whole life insurance if the kids are gone and you have a retirement fund? Invest your $3,000 tax refund—stocks are on sale—20% off from highs in 2021. Consider using low-cost index funds since your advisor/broker may be costing you up to 63% of your long-term accumulations. Paying 0.04% per year on your $500,000 portfolio instead of 1.5-2% means saving $10,000 a year; over $200,000 over 20 years. Is your mobile phone costing you more than $100 a month? There are less expensive alternatives. Slow cooker carrots, pot roast or meat loaf week’s dinner at $20 total. Instead of buying a new car which loses HALF its value in the first 3 years, find your model in the used car section. Save $250 a month ($3,000 a year) on finance charges.

Save $3,000 a year: https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

 

Why everyone should have two IRAs

Even if you have a pension (401k, 403b, DB) at work, you have more benefits and flexibilities with the IRAs. You can take deductions on your taxes or take monster gains in retirement tax-FREE. You could take the contributions for an emergency or starter home or education free of penalty. You can make contributions without age limit as long as you have income. You could create a legacy tax-FREE like life insurance or a retirement fund supplement. You could create an large fund for your non-working spouse. You could earn tax credits for your contributions. There are no required minimum distributions for one IRA. You can use much lower-cost mutual funds. Cost is the best predictor of investment success. You don’t need a will or probate to pass on your funds to any beneficiary.

Begin Jan 23: https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966/

  

 

 

 

 

?**********ACCOUNTABILITY**************?

 

 

Like 1776, this period is a test of democracyWe rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

Parallels of this era in the past may hint at our future: democracy breaks apart legally

 

 

Jan 21 2010 Corpor­a­tions’ election-spending unlim­ited

Billionaires paid $881 million for votes in 2022 midterm elections

 

Nov 2020 Wealthy discredit election process

 

Nov 21 2020 Trump’s Plans for a Coup: criminal

 

Nov 21 2020: Trump plan: US Marshals seize voting machines

 

Jan 6 2021 Direct assault failed: guns & bombs ready

 

Trump engaged in a "criminal conspiracy" to stop Biden

 

I don’t f—ing care that they have weapons

 

Trump was “detached from reality”

 

Trump used mafia-style intimidation on the defenseless

 

Parscale: “a sitting president asking for civil war.”

 

Trump: “Just say the election was corrupt and leave the rest to me” 

 

GOP fascism: “RINO hunt armed; no bagging limitJ6 comm threat

 

Trump’s Supremes END personal rights & state laws except for weapons WMDs

 

Fascism: GOP to stop women leaving state for abortion

 

It’s not a court. It’s a junta: Two Americas

 

Trump: President Biden is 'enemy of the state'

 

Christian Nationalist Party (CNP) replaces GOP

 

Nov 8 2022 Trump’s “national revolution” failed

 

Nov 15 2022 Trump announces for 2024 to avoid lawsuits

 

Dec 3 2022 Trump: cancel Constitution rules so ‘I win

 

Jan 2025 Dictator pardons himself: his Supremes agree

 

 

How Govt wastes our money:

Congress new funding: some bad news; some good news

Crypto con man paid gov regulators to “look the other way”: SBF used Capitalist tool

We lost $4.2 billion unspent FSA funds: $ billions could be wasted by forced spending

 

Top con artist pays $750 on $ millions in income: appoints crony to IRS: cancels audits

How we can avoid taxes like the “professional” genius former prez: deduct bad biz move

 

SCAMS/SPINS:

Jan 6 committee report: highlights so you don’t have to read the whole thing

GOP rethinks their ban on early and mail-in voting: maybe better to have all vote

GOP welcomes George Santos: admitted countless lies about character/career: Trumpist

Trump’s office manager Meadows burns overthrow gov plot plans 2x week

 

TX Granbury ISD banned school library books dealing with sexuality and gender

 

Scam: Amazon calls re bad credit card: “give me number again”

Scam: “Hi, how are you?” “You shouldn’t miss out on crypto profits” you lose all

Scams:  payment apps such as Zelle: bank impersonators already have your ID

 

Evaluate a Nonprofit Before You Donate: scam seems good cause

 

Avoid Scam cheat sheet: 1 page to dos

Equitable annuity caught misleading teachers on annuity fees: lied about ALL fees

Hyundai caught buying parts from AL supplier using slave-wage child labor

Morgan Stanley caught excess sales charges and fees since 2015: fine no jail

 

John Matthew Underation caught lying about his felony: barred for 6 months; fine

Charles Malico caught churning clients’ small account: barred 6 months; fine

Georgia judge: is financial industry arbitration process fair? only brokers decide cases

 

Tesla stops reporting Autopilot mishaps/accidents: auto regulator began asking for data

 

Scam: cough syrup cutting active ingredients in half: requiring you to take twice as much

 

2 shot: shooting after a quarrel in AL Walmart self-checkout line: hate or too many guns?

6,000 children killed or hurt by gunfire in 2022: 6,000 just so we can kill in fast spray

 

CA institutions face thousands of childhood sexual abuse claims: church, schools, sports

 

Jobs

70,000 new staff members over the next five years: financial industry grows

Why the disabled can’t pass the Social Security test for work

10 steps to planning retirement before you retire: spending, SS, health, RMD, pension

 

10 Jobs Disappearing the Fastest: automation kills jobs but technicians to fix needed

Automotive Technician- job post Toyota Universe NJ $150,000 - $180,000 a year

HVAC SERVICE TECHNICIAN COMMERCIAL/INDUSTRIAL $72.1K - $91.3K

 

Who owns your account now?

Retirement savings upgrades in new law: save more

IRS is making these changes to account for inflation: gift estate tax triggers 2023

Beware: rule for some backdoor Roth IRAs conversions causes some IRS inquiry

 

Growing vaccine hesitancy fuels measles, chickenpox resurgence

Social Security benefits increase and other changes

 

Miracles:

A first: doctors treated a baby's heart defect with injected stem cells

Water war over Colorado River: will water-hungry veggies become scarce?

IRS waived 50% penalty on missed 2021-22 RMD for inherited retirement accounts

 

solar-powered car sets a new world record by traveling 620 miles

 

 

 

 

 

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Our Universe is Mind-Blowing

Light is both a particle and a wave depending on how we look at the light.

I don’t think that there is any such thing as a position or a velocity of a particle.

Everything (galaxies to stones) in universe made of subatomic energy ‘vibrations’

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

 

Mass–energy equivalence: E=mc^2.  At the smallest level; Everything is moving a little

Energy into matter: scientists converted light energy directly into matter in one step

Physics Nobel Prize: “entanglement” 2 particles share info instantly at a distance

“It may be that gravity and quantum mechanics are exactly the same thing,” Leonard Susskind

Gravity might induce the collapse of quantum vibrations into 1 quantum state—our world

 

There is no TIME at this level because of force fields come and go in all directions. 

Universe expanding: events may not come together like they did before.

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

The proton is so complicated science still finds new energy entities/forces every year.

“Empty space is a boiling, bubbling brew of virtual particles that pop in and out of existence in a time scale so short that you can’t even measure them.” Space expanding.

The electricity we use comes from the field around the wire not from election itself.

Scientists build 'baby' wormhole as sci-fi moves closer to fact: inside quantum computer

 

 

 

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We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

 

IAN

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

 

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