Get your teen
started on their $ million tax-FREE fund
Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution 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 about $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. I have used this 'Wealth Reserve' as I call it to have funds to buy low-cost insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a month in retirement supplement. Now your child can build an account that provides tax-FREE education and retirement income too. Market up 7.85% already in ’23.
Time is on their side: https://www.amazon.com/Give-your-child-leg-up-manage/dp/1096505355
Get your own
retirement supplement fund going NOW
Social Security
Retirement Fund on Track to Go Bust in 2033: Trustees Report is warning. If
Congress does nothing to help, we
will get about 25% less in retirement. If you have no other means, what
will you do? Congress
people earn $ millions extra from insider trading but that is illegal for us.
The best way to be ready is to earn money on your money without any income taxes. That may give you an extra 20-30%
when you need an SS boost. If you work for a living, you
can put away $6,000 a year. If you have 15 years till you stop working, you
can double your money by then using a low- cost market index. Buffett’s advice:
“bet
on America.” Over that time, the stock market returns vary but historically
you will be rewarded. $3,000 a year (the average tax refund) will
compound without tax to over a $100,000. For instance, from 1971 to 2022, the annual market
total return was 12%. When you retire you can keep compounding your cash
without tax and so spend every cent you earn without income tax.
Start now to cover
SS shortfall: https://www.amazon.com/Your-ZERO-Tax-Account-Wealthy/dp/1482772795
When the media has
bad financial news, look where we’ve come
I don’t sell and try
to pick a bright stock. I look at the last 20 years’
returns: 9.71% per year. I look at this historical
record by DALBAR’s Quantitative Analysis of Investor Behavior (QAIB). I
look at the
stats like this one. Timing
the market ups and downs does not work. According to Standard and Poor's,
the average annualized return of the S&P index, which later became
the S&P 500,
from 1926 to 2020 was 10%. At 10%, you can double
your investment every seven years. In a less-risky investment such as
bonds, which have averaged a return of about 5% to 6% over the same time
period, you could expect to double your money in about 12 years. I see these
charts in my mind’s eye when I hear a Wall Street guru tell me how to
invest. If you are investing for a long-term goal, you are wise to follow
Warren Buffett’s advice: you need only 2 low-cost mutual funds to retire
comfortably.
https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Will a financial
course help you navigate your way to wealth?
There are many
online courses about your debts, savings, and investing. Most will teach
you something that can be helpful. You may have certain questions that are
answered generally—not for your specific solution. On the other hand, you may
feel more comfortable finding the answer yourself instead of giving money to a
broker/advisor so you can ask them questions. My experience working at 3
brokerage firm was eye-opening. I never found an unbiased financial person
until I started doing my own homework. I read Warren Buffett, John Bogle and a
few other successful investors who DON’T sell products for a living. Making
money is simple unless you try to outsmart the Masters. Mr Buffett says: “My
wealth has come from a combination of living in
Unbiased advice: https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045
Is it better to
consolidate all 401ks in your employer plan or IRA rollover trustee?
You may have the
opportunity to keep your employer plan options when you retire. Leaving your
money in place is easier than transferring it to a mutual fund trustee. On the
other hand some retirees like to transfer their 401k into an IRA rollover
account because they have more investment options or rock bottom fees and
charges or both. You can decide by comparing costs and the options available at
a large fund complex. For instance, if you like a Target-Date
Fund you may have more choices with a large fund complex. If you like using
an advisor after you leave your employer, you have many more choices in the
financial industry universe than with your employer. However, remember that
advisors may take up to 63%
of your total returns in fees over time. If you were using a market index
offered by your company plan, a comparison of prices may be all you need to do.
Some low-cost providers offer the S&P
500 index at low or no cost.
Choice is important:
https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938
We waste $1,819 a
year on being ‘tricked’ on the financials we buy
A new study shows financial
illiteracy costs the average American $1,819 in 2022. If we invested this
money instead of giving it to sales people, we
could have over $100,000 in 20 years. We could buy financials like we buy
stuff at Costco and Walmart. Most of those with money have learned to save on
just about everything including insurance, our employer savings plans, our car
purchases, our banking, mortgage and the rest. Saving by shopping for all our
financial products is easier than we thought because we have the internet and
“direct” sellers. Direct sellers like Vanguard, Fidelity, SBLI, GEICO, internet
banks and mortgagers offer low-cost products so we pay less and keep more. One
analyst estimates we could give up 63%
of our total earnings in fees over time. Learning how to shop for
financials is NOT rocket science. Some save $3,000 a year.
https://www.amazon.com/Tricks-Trade-Mutual-Insurance-Annuities/dp/1535497289
How much does it
cost to start investing?
The easy and lowest
cost strategy to start in the market is to buy SPDR Portfolio S&P 500 ETF
(SPLG) in a brokerage account. ETFs are index funds of a specific asset. This
ETF consists of shares of the top 500
https://www.amazon.com/Building-Wealth-Like-Brushing-Teeth/dp/1470141469/
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
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
Billionaires
paid $881 million for votes in 2022
midterm elections
Nov 2020 Wealthy
discredit election process
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
Trump still terrorizing
election woman
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 limit” J6
comm threat
January
6, 2021 “A
date which will live in infamy”
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
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
ER
gets full: Millions
poised to lose Medicaid as pandemic coverage protections end
Killing
way of life: ‘We’re NOT going to fix it’: The GOP response after
Floridians
able to carry concealed guns without a permit: settle
dispute easily anyone
IRS
helps wealthy raise inflation: new planes/yachts are deductible so we pay
their taxes
IRS: Average taxpayers
"should not be worried" about more audits: ‘famous last words’
$27.2 billion NASA 7%
increase funding for Artemis go around moon: we
already did it
Biden blames Trump
for Afghan exit mistakes: Biden
made bad choices: accountability
SCAMS/SPINS:
Fake
charity scam: Request donations for disaster common by phone, email and
texts
Beware of abusive
tax avoidance schemes: list is long and complicated
GOP
tilts Supreme: Thomas accepted luxury trips of TX GOP without disclosure
Millions of dollars are going missing every single day thanks to crypto-related crime
Goldman Sachs caught
marking millions stock orders as long instead of short: just fine
Merrill caught
charging clients in undisclosed foreign exchange fees for transfers
Integrity Advance owners caught
avoid paying back for illegal payday lending activities
Baby powder tainted with carcinogen: J&J
kept that info hidden regulators/public: years
Only in US: bank managers get bonus
for running bank into the ground: pay
as stock fall
Scam: Employee Retention Credit claims; false
claims generate compliance risk
Falsifying
Business Records is a crime in NY: move/ rename money was regular event
GOP ‘freedom’ means men
decide where you pee, your name, your health
care, jobs
GOP ‘freedom’ means removing
cities’ rights to set own policies, make dictatorships
TN
GOP expels 2 elected Dems asking more gun control: deadly school shooting
MD
Catholic Church abuse: 600 kids: chaining/whipping
teenagers; abuses in hospital
Honda recalls 564,000 CR-Vs in cold states to fix
frame rust: loosens suspensions
VW recalls 140,000 SUVs due to faulty
passenger-side airbags: don’t ride
Bigger SUVs Pickups loved by driver but increasingly
people killers
TX
to become key gambling state despite Christian ideology
Americans in need of health care must now
belong to correct ideological group for help
Pope Francis wearing white puffer jacket: Faked
with the artificial intelligence
Fake: Ted
Cruz tweet regarding kids killed by war gun
1 in 3 baseball fans can’t afford
tickets this year: $58.61 avg cost + $51 food, park, etc.
Hair growth/loss products violate FDA FTC laws: lies,
lies, lies
Jobs
Tesla pays Owen Diaz $3 million for endured racist discrimination as a contract worker
New jobs decline: Fed thrilled with fewer working but rich keep pushing inflation up
17
Worst-Paying College Majors
High-Paying Work-From-Home
Jobs That Pay Well ($100K+ Salaries)
Who owns your account now?
Best used cars that fell in price starting at $19K: some down 13%
Best
Full-Service Wealth Management Firms Ranked by Investors — J.D. Power, 2023
Time to shop: homeowners pay $2,825 for home insurance in 2023, up 30% in two years
Can assets in a “defective” trust receive step-up basis (no gains tax) on owner's death?
IRS explains their process delays: many returns still not processed from 2021, 2022: wait
Miracles:
Trump: great teaching
lesson for white criminals: con men, scammers, vigilantes,
terrorist
Crime
pays: Trump’s fundraising after indictments pay off: $4 million raised in
24 hours
Somehow GOP
Greene thinks Trump is like Jesus: “killed by government”
Revolutionary blood test that can
detect over 50 genetic diseases: needs confirmations
Factory explosion survivor,
on fire, fell into chocolate vat
Finland
to join NATO on Tuesday,
87% of the cars
sold in Norway last month were electric.
WI votes to put
judicial decisions back on track: future on abortion and voting rights
WV transgender
athletes can compete on female school sports teams: Supremes turn?
@
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
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.
Gold
made from neutron stars: collisions produce more neutrons:79 protons,118
neutrons
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 electron itself.
Scientists
build 'baby' wormhole as sci-fi moves closer to fact: inside quantum
computer
starts-with-a-bang/universe-expansion-not-accelerating/
@
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
http://www.theinsidersguides.com/
Alerts available at http://dankeppel.blogspot.com/
