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 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

 

 

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 limit” J6 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

 

 

 

 

 

@

 

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

 

 

 

@

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/

 

Mark the New Year better

 

Make the New Year better

 

Is automatic bill pay right for you?

There are severe penalties for not paying your bills on time. You will get hit with charges, interest and lower credit bureau scores in many situations. You also may be paying higher mailing rates. How do you avoid this situation? Your bank may offer auto bill pay. I have been using this for about 10 years. Using your checking or business account as the source, you set up a vendor account with the name and address of the entity you owe. My monthly house mortgage loan is paid to Quicken at the same amount each 1^st of the month. The bank posts this amount the Quicken’s bank by the 1^st automatically. I do nothing after I set the amount monthly. For credit cards with different amounts, I enter the amount when I get the bill and set the date I wish the amount to arrive at the card’s address. For all others (utilities, doctors, newspapers, insurance, and individuals), I decide the amount and time to arrive at their address. All I have to do is have all my income deposited directly into my checking account. Some times I have to move money from my savings to my checking for emergency bills. Sometimes I have to reimburse my daughter and (she me) via direct transfers or Zelle. Her account is at the same bank but I can do a transfer to another person at their bank for large fee. The best part is I have monthly records on paper and any period totals digitally. I can also find and print any transaction during the past 12 months. I don’t pay extra for auto bill pay since the bank has my money from direct deposit. In fact I have saved over $50 since starting. 

More ways to save: https://www.amazon.com/Save-3000-every-year/dp/1500681571

 

 

You need a tax-FREE account so your retirement income is FREE

This book will show you how to: Create a $2,000,000 tax-FREE Retirement System. Use the best legal tax shelter: no taxes . . . ever. Tax-favored over a 401k even with a match. Protect your family and assets with your System. Borrow from your System to pay for large purchases. Buy whatever you need without going into debt to others. Self-insure manageable risks—invest the premiums saved. Buy financial services at wholesale prices—save $3,000 a year. Manage your System in 1 hour per year. $2 million nest egg can produce $160,000 a year in retirement. $1 million produces $80,000 income FREE.

https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

 

 

New Year fresh start for your kids/grandkids

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 $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in a retirement supplement. Your kids use the Buffett investment strategy for any amateur. Buffett recently proved his method, though simple, beat the strategies of the best hedge funds. Start with only $1,000.

Start in 30 minutes: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

 

2022: another stock market high?

You may have noticed that your 500 index fund returned about 29% last year. Your real estate index fund provided 40% return. Like 2019, 2017 and 2013, these highs might start convincing you that an average for this period of 17% might continue. Using the 500 index would have quadrupled your retirement nest egg. But before you get greedy, you might want to move some of those gains to a balanced account like Wellesley Income Fund. This low-cost managed fund has provided steady income to retirees since 1970. This balance of stocks and bonds could help you through the anxiety of 2022 since the Fed (US gov money manager) will stop pumping up Wall Street firms and will increase interest rates soon. This situation has already changed market forecasts so you know we are not likely to be so lucky in ’22. Remember the cardinal rule of managing money, especially in lower return periods: low-cost beats high-cost in every period.

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

 

What is your retirement dream?

Travel, hobbies, family, business, volunteer, keep favorite job, other? No matter your dream your first concern is health. Our dream can motivate us to save for the time when we don’t NEED to work at a job for money. Thus there are folks who have prioritized saving over spending, even when family obligations are great. Take the story of the Howell family highlighted in a recent Money newsletter: the Howell's could save 21% of salary and put kids thru college. Randy retired at age 56 from a variety of labor and management positions with United Parcel Service, and LuAnne worked as a school secretary. They enjoy hiking and other outdoor activities. However, without a health plan from work, it is doubtful they could have retired early to do what they wanted to do. For other folks, what happens when their health requires them to interrupt their plans? Our health system is a ‘for profit’ system so that my health needs are in conflict with the industry need for profits. I, NOT them, will suffer when I can’t afford to maintain my health. My dream is crippled while they earn more. The need for affordable health insurance becomes the No 1 priority for America.

Health insurance first: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083

 

 

Is using a 401k brokerage account right for you?

New research by Empower shows that while the average age of participants using the brokerage account is higher than average, the effect has to do with older participants having higher incomes and balances rather than just because they are older. This makes sense from the view that buying individual securities when you already have a nest egg built up provides some further diversification or specialization. One reader had 80% of their 401k money in a low cost S&P 500 index while they continued to buy DMYI which is involved in quantum computers. This arrangement is sometimes called a “hub and spoke” strategy. Any loss in the spoke does not destroy the wheel.

https://www.amazon.com/Best-Both-Worlds-Spoke-Investments/dp/1533307326

 

Which used cars to buy now?

Vehicle dependability is at an all-time high, according to the J.D. Power 2021 U.S. Vehicle Dependability Study. Owners of 2018 models reported on the number of problems they have had. Lexus, Porsche, Kia, Toyota head the list. Rover, Jaguar, Chrysler come in last. By the way, Jeep, Dodge Chrysler, is now stellantis. Because of the lack of chips for new cars, used car prices have gone up to meet the demand. However, if you are looking for a bargain, you need to compare this list to the list of vehicles from iSeeCars that depreciated more than 1.3 times the 39.1% average three-year depreciation for all vehicles. This list shows that Audi 6, Ford Fusion Hybrid, BMW 3, and Volvo S60 lost the most value. In 3 years, these cars lost over HALF of their value. However, one vehicle shows up on both lists: Lincoln MKZ. The Lincoln MKZ was discontinued after the 2020 model year, which shows that demand isn’t high for this vehicle perhaps because it isn’t as luxurious as its competitors. However, at $21,500, the used Lincoln may be a bargain since you have some dependable lux at a reasonable price. Avoid flooded ones. Shop around for insurance. High deductible reduces premium. Save $22,000 over time.

Ask for each discount: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/

 

Are buying art, wine, gold the right investments for you?

Many internet blogs run by journalists provide misleading investment advice to sell clicks to other for profit sites. Example: 6 Brilliant Ways to Build Wealth After 40 Misleading advice 1: Invest in art that has outperformed the S&P by over 180%. Claiming that wealthy people make huge profits, the authors don’t cite which art they mean and how much the rich paid for the art. 2: Get $10 by starting to invest in Apple, Tesla, Amazon. The fees for investing small amounts may take all your profits and won’t build wealth. A free index account of the top 500 stocks may build wealth over time using the Miracle of Compounding. 3: Buy gold from a dealer to avoid volatility. The authors don’t explain that gold prices fluctuate too. The dealer fees may also take all your profits. 4: Shopping for car insurance can save you money but you need to shop the carriers directly not from the editors of this blog. Each carrier has their own discounts/rates. 5: Buy wine from their firm for an investment return of 10.6%. Speculating on bottles of wine is not smart no matter what “sommelier knowledge with AI-driven algorithms” they use. 6: Stop overpaying for stuff online. Using a browser extension, you can save on some goods. However, when I used it I found that the pop up usually shows the same price on Amazon or at another site but without adding in the shipping costs. Since I have paid for shipping with Prime, the alternative was misleading and I needed to create another seller account. 7: Invest in real estate and art through a 3^rd party to earn “passive income.” Low-cost index accounts with no 3^rd party fees provide these important diversification asset classes. However, the authors don’t explain the fees charged on the interest income paid.

Use Compounding: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

 

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

 

 

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

 

 

The Path to Dictatorship: 2010-2030

 

 

Sedition: Trump’s plan to keep power

 

Trump co-conspirators charged?

 

Terrorists send Congress to floor

 

Cheney: Trump or truth

 

725 terrorists charged

 

 

US civil war II

 

 

How Govt wastes our money:

Congress fails to pass law against abusing women: no votes since 2013: NRA blocks it

Sedition: ‘speech that incite people to rebel against the government’: Trump incites Jan 6

Sedition: Trump called on his "MAGA nation" to "rise up" against President cost $30 mil

 

SCAMS/SPINS:

Kids with Covid fill hospitals: unvaccinated; 378 children admitted per day

GOP Jordan claims booster not effective but NO facts more Trumpers die for lie 840,000

 

TX tells Navy it has no jurisdiction over antivaxxers despite orders: 35 may kill hundreds

TX bans books on race and sex they don’t like in secret meetings: teens buy own books

 

NJ caught negligence in deaths of 100+ veterans in state-run facilities: fine $53 million.

Surprise medical bills now illegal: Just say ‘no’ to med providers who spring bill on you

Call a taxi: ambulance rides $450 or more are exempt so we still face surprise bills.

 

Teva Pharmaceuticals caught providing opioid leading to deaths of 500,000 users

Rich need a raise?: Time to raise prices on Covid tests, treatment, vaxx, swabs, etc

 

Manchin decides Dems not break GOP block vote rights: takes McConnell’s job

GOP halts Voting Rights Act: states block vote expansion: Trumpers hold key jobs

Only 1 Republican showed up to remember the 1^st and only attack on our government

Most Americans don’t think state GOP will accept Dem win: GOP war for Trump

24^th Dem quit House: GOP win without a fight

725 terrorists charged: most convicted rioters received no jail time: ready for 2^nd attack

 

Trump terrorist attacks covid vaxx clinic shouting “murderers” 1 hospitalized from hate

"There’s a demand for misinformation; so people are always gonna find a way to get it."

 

21 million Americans believe violence is justified to overturn the 2021 US election

75% of insurrection supporters: Dems trying to make US “obedient” Third World voters

 

40% GOP: “violent action against the government" sometimes justified: 2^nd civil war

30% Americans think Biden illegitimate elected president: 30% think election fraud

Sedition not charged because Jan 6 attempted coup was run by white supremacists

 

Trump’s TX recount: 0.0006% discrepancies: Biden did not win TX: Trump lost votes

Putin hackers behind election probe of Dominion Voting Systems in cities w/o machines

Western allies fear erosion of democracy in US: riot, insurrection, or armed coup?

 

Ivanka, Don Jr caught in subpoena by NY attorney general: long delay tactic; no jail

Prince Andy says 17 year old has already been paid for his sex: $500,000 voids her suit

 

Mel Trump is selling her hat: needs money; divorce? They lost their shirt on Wash hotel

Marlboro cigarettes changing image: “moving beyond smoking” to smoking in space

HeartWare pump taken off the market after years of problems: still in chest of thousands

 

Allen Giltman CA caught selling fake CDs from fake websites: $50 million

John Piccarreto NY caught Ponzi fraudulent promissory notes $20 million prison 7 yrs

Susan, William Harris caught stealing funds from special needs folks prison 47,15 yrs

 

Petra Gomez Jakeline Lumucso caught prep fake tax returns $25 million prison 8 4 yrs

Kent RE Whitney CA caught investment scam at his church $33 million prison 14 yrs

Jeff Carpoff CA caught fake mobile solar generators Ponzi $1 billion prison 30 yrs

Richard Terabelian Ayvazyan CA caught $10 million Covid relief funds prison 17 yrs

 

Private equity–backed RIAs had a 147% increase in advisors misconduct after takeover.

 

Jobs

Nevada fires unvaccinated higher ed employees after mandate left in place

Walmart to hire 3,000 drivers as it expands home grocery delivery: put fridge for you

37 Bed Bath & Beyond stores are closing

 

 

Who owns your account now?

Mortgage rates rising: refi before Fed raises rates: 1.750% 15 years

Avoid delay in tax refund: enter the exact amount of Child Tax Credit: look it up at IRS

AT&T and Verizon delay new 5G service: why pay more for no better service: airports

 

Student loan borrowers will have an extra 90 days to begin repayments

Removing all your personal data from internet data brokers can be time consuming

 

Miracles:

10 year old refused Alexa challenge to shock herself in outlet: Jeff’s fun is deadly

Nuclear war “avoided” say world powers: Gee, I feel better: what did we have before?

We need more air: Seed-dropping drone can plant 40,000 trees a day

 

GA to allow everyone to carry gun without a license or background check or training

 

Pope wants more children

Child abuse: 300,000 children were taken in marriage by older men: still legal in US

 

 

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

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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

 

Recession talk scare you?

Where to put your money if recession talk scares you?

There is talk of recession since people who claim they know economics get paid to scare us. Since no one knows for sure when and how this event will take place, we are on our own to decide what to do. Some are already running for their money market accounts even with low rates compared with inflation. Clearly stock and bond markets will be unsteady. Our choice, as always, will be decided based on our time horizon. Warren Buffett is looking for bargains at this point. He already had tons of cash. But he isn’t selling his portfolio as if the world will give up on capitalism. Long-term stocks will beat inflation. Our cash and bonds may help us avoid a big plunge in current account values. However, like Buffett, we should hold our long-term investments with a balanced approach. If we need cash in the next year we should have been accumulating it up to now. Many of our members have been buying the balanced fund Wellesley Income for years since it has maintained a return of over 9% since 1970 with low expenses.

No-worry money advisor: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

Elder bankruptcy up

Bankruptcy has increased to 12% from 2% in 1991 for retired persons. Weakened trade unions, stagnated wages and the disappearance of pensions are among the factors that contributed to rising elderly bankruptcy. Many retirees also face rising medical costs as they live longer than expected and Medicare covers a smaller share of their health care needs. What can pre-retirees do? Contrary to what many people think, saving for retirement can help employees boost their ability to pay their student loans, according to a CNBC article. That’s because pretax contributions to traditional retirement plans can help minimize their adjusted gross income. Since the monthly student loan payments are based on AGI, a lower AGI could result in lower payments. “Any time you can put money into your qualified retirement plan at work, it’s always a good thing,” according to an adviser. The most important factor in avoiding a lack of cash later is using the miracle of compounding as early as possible. Compounding can double your money in 7-10 years. Thus doubling your 401k contributions to low-cost stock funds even at age 50 can improve your nest egg three fold. Warren Buffett says compounding made him wealthy.

https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513/

Is your advisor helping you this year?

If you are paying your advisor for money management—1-2% of your TOTAL nest egg—you have a right to ask this question. What is their track record? The market has provided 9% for the last 10 years including -37% in 2008 (2008-2018). So far in 2019, you should have earned over 17% with 11% long term returns. If that ‘professional’ advice you are overpaying for has not been useful, perhaps it is time to switch to Warren Buffett’s strategy. When you need special advice you could pay for it at the CFP’s hourly rate like a lawyer. $750 for 3 hour review of your plan vs $7,500 over 10 years of fees. Otherwise, Buffett recommends low-cost index funds. Morningstar has found that the most important determinant of investment success is the cost.

Try Warren’s Way: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

DIY Financial Independence: Freedom Workbook

Put your money to work so you don’t have to.

Use your IRS-approved tax shelter—Pay 0% on asset gains.

Accumulate $250,000, $500,000 even $1,000,000 tax-FREE. You achieve Financial Independence by having enough money to do what you want. When you don't have to rely on work to survive, you are financially independent. Playing it safe won't achieve it. You don't have to be super wealthy to become free of money worries. Financially independent people have one thing in common: they put their money to work so they don't have to. If you don't put your money to work, you will never be free.   'Compound interest' is the name of the process by which money makes money. You don't need to do a thing besides sending $250 to work every month. You earn money every time you buy things. You own part of the businesses. Compounding is what Warren Buffett counts on for success.

“My wealth has come from a combination of living in America, some lucky genes, and

compound interest.”

How much can your money earn for you? It depends on how long it works and where you put it to work. The best strategy is to use your Wealth Reserve to shield your money while it works in places you shop. You can use a special IRS-approved Tax-FREE account to avoid all tax on investment dividends, earnings and interest. You can also avoid the fees and commissions on this account. Your $250 a month investment may grow to $1,000,000 or more and it is all tax FREE. That $3,000 a year for 33 years ($99,000) compounds to $1 million if you put it to work: capitalism.

Put money to work: https://www.amazon.com/DIY-Financial-Independence-Freedom-Workbook/dp/1088908500

Women: Median Retirement Income Is 42% Lower Than For Men

An average working woman earns 21% less than an average working man. While a portion of this earnings gap is caused by different career and lifestyle choices between men and women, gender discrimination still sandbags women’s ability to earn an income and thrive during their working years. The gender earnings gap has implications for women as they age. For example, the average woman qualifies for Social Security benefits 23% lower than the average man. On average, women have life expectancies five years longer than men, requiring higher levels of retirement saving. The report’s authors also found that women face higher retirement health-care costs, needing an average of $140,000 by age 65 to have a 90% chance of covering their health care costs, versus $124,000 for men. Women have less income to accomplish higher retirement income needs than men. So women have a greater need to make their investment dollars grow faster than men. Warren Buffett recommends that we are more successful investors by being patient. Women are more successful investors because they are less likely to engage in rapid asset transactions. Buy and hold is often the best strategy.

https://www.amazon.com/Ensure-Your-Financial-Health-Wealth/dp/1466388293

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How Govt wastes our money: Congress spends another 1.7 Trillion we don’t have! 

Families torn apart by Trump’s actions sue $ billions from US not Trump. harmed or fondled!

Trump’s 2017 tax break for family recalled in Trump tariffs: we pay $1,000/year in tariff

Trump considers payroll tax cut to boost failing economy: He also claims not failing!

Trump plans capital gains tax cut: why even bother with Congress taxing authority?

Bank lobby killed rule that kept banks from making wagers with our deposits: Bailout II?

Pentagon cancels ‘missile killer’ project: saves US $1.2 Billion

SCAMS/SPINS:

Bundling your car and home insurance may not be as good for you as it is for insurer.

Trump calls El Paso mayor a RINO to his face: Weak dictators insult grieving to face.

NRA tells Trump to forget background checks: blame mental ill as diversion for votes.

Scam to steal your Medicare ID promise screening for cancer: suffer emotional abuse

Trump rallies are full: participants receive overtime pay from employers.

Now he is calling the Jews ‘disloyal’: his concentration camps are built and ready

Trump changes rules to hold immigrant families ‘indefinitely.’ Jail kids over 20 days.

Trump considers cuts to Medicare to trim deficit: Wealthy tax cuts created $1 Trillion

Trump to end your child’s birthright: we have to pay to buy our kid’s citizenship. Insane!

John Tillotson caught impersonating clients to transfer funds to his firm

Scott Strochak Castleberry caught fraud promised insured real estate returns

Sheraton caught letting legionnaires disease grow in water system: killed 1 guest

Insurance firms pay police/prosecutor to convict customers of faking theft/damage.

IRS does not send emails: do not open email from them

Jobs

The war for talent in the independent broker-dealer industry is real: Best get more fees.

CEO pay grown 940% since 1978, while workers’ pay only 12%. CEO’s power not skills

Execs get the raises this year: workers get discretionary bonus for top performers

Boeing hires to start delivery schedule of 737 Max

Goldman Sachs hiring coders to make trades: Program trading is dangerous like last time.

Who owns your account now?

Low cost places to live when you must start a new life on limited budget.

Vaping may cost you a lung: heavy breathing can give high too.

WV finds and returns $1.2 million in life insurance benefits people did not know about.

Why Robo callers can’t be stopped by government or tech or God: Window-dressing deal

Miracle:

Your lucky day: woman survives chute failure 5,000 foot fall—hit trees at 120 MPH

Miracle if Congress bans AR magazines: NOT for hunting; just killing: 41 in 32 seconds

Catholic teaching: the priest’s “racist” dog got black cleaning lady fired. He blames dog?

Trump retweet: Israelis “love him [Trump] like he is the second coming of God.”

IAN

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