Your advisor is
trying new marketing approaches
To make advisors
sound more relevant to customers, these are the leading trends they say they
follow. They advocate “holistic practices.” This means they want to give the
impression of offering every financial need. They will use a BD “workstation”
to leverage digital strategies for efficiencies. Your advisor will make it
easier to transfer wealth as they target lower wealth groups. Advisors must
automate the compliance and operations solutions. Advisors will boast of their
enhanced services even if customers must tackle more technology and
bureaucracy. Like most vendors, advisors have trouble integrating more data and
new cyber security protocols. Advisors will embrace “open banking” wealth
management. This may impress the wealthiest customers but may confuse the lower
wealth groups. Advisors are seeing firms “embed” wealth management by trying to
make products “frictionless.” Since most of us are not tricked by new marketing
strategies, we only have to worry about high costs. New marketing/products cost customers lower
returns which reduces the compounding effect.
Compound high
returns: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513
How can retirees
make the really hard decisions?
In a recent
Allianz poll, for instance, 61% of Americans said they were more afraid
of running out of money than they were of death itself. 59% said they had
no idea how they were going to pay for their health care costs in
retirement. Unfortunately we do not teach how to invest for a comfortable
retirement. Most people assume stock investing is like gambling at a casino or
the lottery. They
dump stocks when they become afraid and thus they miss the next market gains.
We are not taught or learn how companies in the stock market make money and pay
us for investing in them. Most of these firms make money selling us the goods
they offer. Over periods longer than 5 years, stock investors gain about 11%
per year. In 7-9 years, our money can double. Retirees
are at a big disadvantage by thinking that the lower returns of fixed return
non-stocks are SAFER. This may have been true in the past but not anymore.
Retirees are afraid of their low retirement funds for good reason. They often
tell their high-cost
advisor that they “don’t want to lose money” on their investments. So they
earn less than they need over time. Retirees don’t realize they will need more
money later because most are living longer and consuming more health care
supports. The only solution is more money when they need it. The only way for
most of them to get more is to stay invested in a balanced and diversified
portfolio like a Target-Date
Fund. Current retirees missed the Tax-Free account option which may provide
an extra 10-20% to future retirees.
https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
Save on
vehicle/home/liability insurance.
Shop every two years
for vehicle/homeowners’ cover and use the other insurance as leverage: save big
on one by using the others as bargaining power. I do this every 2 years and
have saved $thousands over the years. Of courses we are retired and don’t
commute but you can take advantage
of competition among insurers. Make sure your specific features are
covered—some
things are NOT covered. Check your credit report and score to make sure it
is correct—many insurers use theses factors to rate you. Some
discounts require more questions/answers. Some require using an electronic
monitor in your car. Some may require modifications to your property. Your
choice of pets may cost more. Your home
location may raise your premium.
https://www.amazon.com/Get-What-You-Pay-financial/dp/1492384100/
How advisors/brokers
learn to “read” their customers
If they are good, they
listen to closely to find your hidden needs and their opportunities for sales.
You tell them your relative is getting married and they know you will need a new
fund account to pay for much of it. Same with your kids are having their first
kid. College is affordable if you save tax-free from birth. Family reunions
always cost more than people think. College graduates may free up more customer
funds: opportunity. There are changes in their work situation. Advisors promise
to move your money to another new structure. You disclose a relative uses a
friend or relative as advisor. Advisors can promise a better deal: “just let me
try. Customer says they can’t retire: new financial plan is suggested.
Inflation takes its toll and advisor can help with new budget. Older customer
fear leaving spouse in charge of money matters so an advisor can take over.
Older parents may need transition to assisted living space so an advisor
promises to help pick the right one at right price. Financial people succeed by
finding ways to build customer trust. This is usually not about picking
blockbuster stocks. However building trust is not a two-way conversation: most
advisors/brokers think they know more than the customer so they tend to assume
what the customer needs/thinks. This means customers need to find a new person.
https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/
?**********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
govt overthrow 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
Apr 9 Illustrated
Anne Frank book removed by Florida school
Apr 21 Trump: “I
am your justice”
Jun 8 Trump
indicted by the United States of America
Violation of the Espionage
Act
Conspiracy to obstruct
justice
Making false
statements
Jan 2025 Dictator
pardons himself: his Supremes agree
How Govt wastes our money:
Jet on autopilot
could have been rogue bomber: it took 90 min to scramble defense
“Fitch is
essentially arguing that the
Why deficit? IRS grants
penalty relief for corporations!
SCAMS/SPINS:
Why our politicians
scare us with their dramatic effects: deal was made months ago
Nikki Haley says Wouldn’t
Have Women Executed for Getting Abortion: some GOP
would
GOP
still after cuts in our Social Security and Medicare and Vet health and
benefits
Can we all use
the “DELAY” strategy like Trump? he
lost to Carroll but no pay; no jail
HI Gov allows more concealed carry despite Gov
says gun violence is a public health crisis
Youths
kill 2 PA kids and adult:
Woman
kills mother over dispute about children playing
2
killed, 7 shot VA theater after H S graduation: shooters flee
More than half of the teachers surveyed think that
armed teachers would make students less safe.
Child
Labor Is on the Rise: taking the jobs of the next generation of Americans
Information
on your child collected by Microsoft: targeting draws fine, no jail
Help at SS for individuals who have been victims
of identity theft: easier reporting
Render unto Caesar:
churches
fail to make their clergy accountable to our
laws on child abuses
Release of sealed records of priest accused of
abusing children: church
fears image damage
Thousands
of children have been sexually abused by those “caring” for them: America’s
sins
OK
to make public charter schools Catholic religious school: OK constitution
says NO!
Banned books on slavery, sexuality, personal crises,
effects
of historical cruelty on subcultures
FL
teacher to ban 100 books including classics: lawsuit may not stop her or
others
Bible
banned from UT libraries school district after challenged by person showing
ban is stupid
Ford
recalling 125,000 SUVs and trucks that could catch fire
Self-driving car kills dog: autopilots
can’t see all of us: self-drives must have flashing lights!
FL taxpayers
required to pay $8,648 for every wealthy family’s child to go to private school
Ron
DeSantis signs Bible: Pence rides a hog: Trump watches competitors increase
GOP can overturn election: “It is probably the most
undemocratic thing the TX Legislature has done”
Hate: States
pass 550 anti-transgender bills: denial basic health care to vulnerable
Doug McKelvey former Morgan Stanley pleaded
guilty stealing $1.5 million: 10 yrs prison
Delaina Kucish caught
text client documents to a co-worker ; lying: fine, defrocked
RIA advisors failed to win new customers so raising
fees to keep profit at highest level
Chase
doubles our transaction and fee amounts: blame a ‘bug’
SEC
sues crypto giant Binance and its CEO
Phoenix Financial caught
numerous debt collection, credit reporting violations: kept trying.
Find an advisor NOT working for a wealthy Wall
Street firm: pay
less; keep more
Medical debt is the largest
source of debt in collections: leading cause of bankruptcy
Jobs
More and more older adults
are working—in large part because they want to.
US never had period of declining education attainment like this: 70%
fail to finish degree
Intellect alone
can’t account for disparities between rich and poor in our society.
jobs.interestingengineering.com/search/jobs
Who owns your account now?
Andrews FCU: 7.5
month cert at 5.75%
APY $1,000 minimum opening deposit
best-interest-rates-cash-june-2023:
savings accounts credit unions
Surviving spouses can
take
distributions over own lifetime: not the only option
What AI means:
ultimate human transformation or ultimate
human extinction
Media
allows
false claims about events now: causes future students misunderstand history
You probably don’t have
to worry about paying
for a parent’s health care costs
Colleges
that are just not worth the cost
Franklin
Templeton buys Putnam Investments: 401k market changing
BlackRock
agrees to acquire private debt firm Kreos
Taxpayers missing
$1.5 billion in refunds for 2019 returns
must file by July 17
Miracles:
2
nurses on vacation revive unconscious plane passenger
5,000
new species in the Clarion-Clipperton Zone, a mineral-rich area
of seafloor
Octopuses tweak the
RNA in their brains to adjust to warmer and cooler waters
Arctic
Ocean to become ice-free by 2030s: kayaking, sailing?
Climate Crisis Is on
Track to Push
One-Third of Humanity Out of Its Most Livable Environment
PAINTing with wound-healing
ink can promote quick recovery
Joystick-controlled
video capsule promises to replace
traditional endoscopy
Every CA child to
receive a free
book monthly: Dolly’s Imagination Library.
New
621-mile range EV battery charges in six minutes : Pheonix cell
@
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
In place of atomic
lattice, light
waves used to create an optical lattice with same geometry
Physics Nobel Prize:
“entanglement” 2
particles share info instantly at a distance
Quantum
mechanics violates local realism: two objects behave as single system at
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
Strange state
of physics that allows energy
to flow frictionlessly through a material.
Bending light from
extreme gravity reveals largest black hole
so far
Curved
SpaceTime: heavy masses and simultaneously quantum effects become visible
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: created our time.
Our planetary
system: rarest
system: only 1% of all systems with same number of planets
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/
