Your advisor's costs can hurt you

 

How does the cost of financial services cut our nest egg in HALF?

You may have read that brokerage costs can cut your eventual retirement fund by 63%. One of the reasons John Bogle founded low-cost Vanguard Group was his insight that cost is an important factor in our long-term financial benefits. Compare your ultimate retirement income when using high cost investing. Vanguard’s 500 Index tracks the top 500 stocks at $4 per $10,000. Over time you earn the market rate of 11% not 3.79% for a managed equity account. Fidelity did a study of its accounts and found that the ones that did best were those NOT managed by Fidelity. The clients had either forgotten their money or died. Many studies have shown that low-cost beats high-cost in every period and every asset class. An index fund of a broad spectrum of stocks provides our best chance of adequate retirement needs. A typical investor funds their IRA or other tax-deferred or tax-FREE plan with $250 a month for 40 years. The 0.04% index produces $2.1 million; the 0.20% index produces $1.1 million. The average advisor-managed fund produces about $281,342. Clearly, paying less for the long-term stock market return of 11% is better than using an advisor. And no advisor has been able to beat the market over any 40 years of investing. You keep more of your money: advisors don’t need any more!

Pay less; get more: https://www.amazon.com/Pay-less-Get-more-investment/dp/1500598321

 

We don’t have to pay income taxes on SS benefits any more

Most people have built their retirement plan at work with a 401k or 403b or IRA account. These accounts help us by delaying taxes on the money we contribute. They assume that we will pay fewer income taxes when we retire without other taxable income. Many people have this kind of situation. Most working people receive Social Security benefits without paying income tax since their pension money supplements their benefits. However, SS benefits are taxable if we work in retirement or have funded our pension plan consistently well. Thus any couple with total income above $44,000 will pay taxes on some of the SS benefits: Up to 85% of your benefits may be taxable. Since 1997, we have been able to fund our retirement income without any taxes. It’s totally tax-FREE—no tax on retirement income; no tax on SS benefits. We avoid taxes like the rich.

Spend all your money: https://www.amazon.com/Millionaire-Mutual-Funds-Save-taxes/dp/1534939490

 

How can we avoid paying the taxes that the rich don’t pay?

Most wealthy people pay a lower rate of tax than we do. Warren Buffett admitted he pays only 17.7% compared with his secretary and staff who pay an average of 32.9%. We pay almost DOUBLE what the wealthy pay, if they pay at all. As the GOP candidate boasted in 2016, Trump pays NOTHING—zero income taxes. Most corporations don’t pay taxes either—many corporations get us to pay them a tax refund due to their bad management. Because the wealthy pay a lower income tax rate or disguise income as corporate non-income, they have taken more of the country’s wealth than ever before. Compared to 1983, we have lost almost 8% of the total US wealth. Thus 80% of us own only 11% of assets—usually our homes; while the 1%, about 3 million upper class, own almost 40% of everything. This happened over time—since the 1970s when wages after inflation have been frozen. How much did the wealthy pay recently? Jeff Bezos paid 0.98% tax rate; Elon Musk paid a true tax rate of 3.27%; Warren Buffett paid only 0.10%. Instead of paying their taxes, the wealthy buy our future elected officials. Time to stop!

Avoid paying their taxes: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Why You Still Can’t Trust Your Financial Adviser

Unfortunately, Biden has not re-authorized the Fiduciary Rule finalized under Obama and originally set to take effect in 2017. The Fiduciary Rule means that product sellers must provide the best choice for our interests not theirs. This rule is followed by a few financial sellers called Registered Investment Advisors and some fee-only certified financial planners (CFP). Why is this rule necessary? Researchers conducting a study sent “mystery shoppers” into 284 Boston-area financial advisers. When clients walked in with the kind of low-cost, diversified portfolio unbiased independent experts recommend, only 2.4 percent of advisers approved of it and some 85 percent recommended making a change. Financial advisers were eight times more supportive if clients had a less-than-ideal strategy of chasing returns—one that was more likely to generate commissions. Your broker/advisor and their firm rely on commissions and fees to make selling profitable. Most do not operate like a lawyer in charging a set fee for an agreed upon service. Most sellers rely on us paying an ongoing fee of 1-2% per year no matter what the outcome of their advice. It’s the perfect business—for them; not us.

https://www.amazon.com/Wall-Street-Cleans-Up-Advisors/dp/1517043255

 

 

Where to invest if you can’t contribute to an IRA?

For retirees who no longer have “earned” income, there is no way to add savings to tax-deferred or tax-FREE accounts. However, your profit from a small business qualifies for many plans including a tax-FREE Roth IRA. There may be other ways to qualify. For some of us who have extra funds to invest, there are several attractive options. We can buy individual stocks that do not increase our taxes. Stocks without dividends means there are no taxes on income or gains until we sell. Of course, we need to have a low-cost brokerage account and have some idea of the value of the company we are buying. I use my Vanguard brokerage account to buy Warren Buffett’s well-diversified company Berkshire Hathaway. I am buying a stock that owns a railroad, insurers, candy, cement, airline, credit cards, etc etc. I don’t pay income taxes when I sell. I usually pay nothing on capital gains but some may pay 15%. There are many stocks that do not pay a dividend—usually using profits to grow the business. Amazon is a good example.

Go Tax-FREE: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

 

Is your advisor’s advice costing you $ thousands?

Schwab reports its robo portfolio of 10% cash has costs you $1.13 billion in total earnings. Plus the management fee (.30%) would have resulted in $531 million in lost earning to you. Advisors get paid for losing you money: a great deal for advisors but not for you. Schwab has been cutting staff to gain revenue during this time of transition to absorb TD Ameritrade. Perhaps it is time to evaluate your portfolio advisor billed as a robo. There are better alternatives. You can pay less; earn more for later.

Better Robos: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

 

 

 

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

 

 

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

 

 

Our Jan 6 ‘Truth and Reconciliation Commission’

 

Judge: you “can’t replace [democracy] with the will of the mob."

 

Trump coup failed: we pay his $500 million repair bill?

 

How Govt wastes our money:

Biden reverses promise to cut subsidy to coal: gives subsidy to profit Arch Resources 

Biden approving hundreds of requests to drill on federal land: not what he promised

Biden extending the pause on federal student loan payments  Sept thru Jan

 

GOP insider steals password to CO voting machines: Trump win at any cost

 

Only 2 Senators to repeal tax break carried interest: fund managers pay lower tax rates

2 Dems ask Gov how rich “legal tax loopholes avoid paying their fair share of taxes.”

 

Wealthy who don’t pay their fair share of taxes  are against helping us thrive

46 GOP senators warn that they will not lift debt ceiling: America won’t pay its bills

Millionaire Congress voted for all the Trump tax cuts and loopholes in 2017

 

SCAMS/SPINS:

Some states hide Covid infection rates: misinformation kills 620,000: more than wars

Biden blamed for Covid ‘explosion’ in FL: immigrants have lower rates than TX folk

LA state officials conflicting advice on masks: Louisiana dangerous surge of COVID

 

Vaccine for pregnant women: CDC makes it official

TX covid patents admitted to ‘tents’ near hospitals: buy oxygen now before Gov bans!

80 kids exposed first day school: parent child tested positive Covid test: Freedom to kill?

 

Taliban is committed to their ideology like anti-vaxxers committed to theirs? Not give up

 

FL hospitals do NOT require staff to get vax so get your vax BEFORE you go to surgery

Tucker tells employees to sue employer is vax mandate but Tucker got his vax last year.

Alabama lowest vax rate in US: destroys 65,000 vax not used: GOP ideology kills

 

Pentagon orders all military personnel to get the COVID-19 vaccine: bold step for safety

TX bans masks to fight Covid but recruiting more health care workers worldwide

FL bans masks to fight Covid and will cut pay if school staff allows masks

 

FL requests hundreds of ventilators from feds: no mask-school kids fills hospitals

NY AG: Cuomo hid Covid deaths to make himself look hero: ignored deaths in hospital

 

TX GOP will arrest Dem representatives to suppress voters: Fascism Texas style

Recall 2 million dehumidifiers, many brands, overheat and start fires

14 Most Deadly Car Models: Subcompact cars and sports cars

 

Miami tells hundreds to evacuate 8-story condo building deemed unsafe: failed inspect

Used car prices have risen 45% over 12 months: new $42,000

 

Evarist Amah misled clients about how their $700,000 in Grail investments fared.

Regulators get tough with brokerage re: funds for client treated badly by brokers

Trump’s post office head giving own biz $120 million leg up: USPS service decline

 

Zuck employs religious practices to cement Facebook interactions and profits

What is shooting yourselves in the feet? Jeopardy execs not naming LaVar host

 

QAnon ideolog kills his 2 kids bec/ they will be monsters who will destroy world

 

Jobs

High pay jobs with 2 year certificate: medical specialist high pay

Target will pay for college at certain schools: work and study to go forward

Export drugs to Mexico: we are now selling weed not smuggling across border

 

This is a first: The US has 10 million job openings

 

Who owns your account now?

JD Power rates Rocket Mortgage top dog again: great personal experience

JD Power rates Vehicle Insurance top dogs by regions

JD Power rates Pharmacy Study top is not chain but local Good Neighbor 

JD Power rates major appliances: Samsung and LG top lists

Repair or not repair; that is the question: prisoners to “authorized” monopoly repairs

 

Miracles:

Warming changes Gulf Stream ocean circulation: weather changes for EU 119.8*

Drought makes new natural wonders in Powell: like Petra Indiana Jones

Facebook spawns folks who reject science of disease by germs: ultimate ‘freedom’

 

Siberian fires larger than all world’s fires combined: can fear motivate change or kill us?

Senator Paul does not report how he made a fortune on his job’s insider information

 

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/

 

Which type of financial person can actually help you?

 

Which type of financial person can actually help you?

Like doctors, financial professional have specialties. So your wire house broker can’t fix your tax situation. Most retail financial people can’t help you with a comprehensive plan. Planners usually don’t live on product sales. They charge a fixed amount for creating a plan for your specific future. We paid a planner a set fee in 2018 to assure us that our future retirement would provide all we might need. We received a plan that included annual income and expenses, a “What If Worksheet,” the likelihood of funding all our goals and a portfolio evaluation with net worth estimates. With 2 live sessions, this review helped us see the big picture even though I had a pretty good idea of our future situation. As a manager in a few financial firms, I had seen all kinds of financial professionals. To find someone who can provide the best unbiased advice for your specific situation, you need to understand your situation. If you are a good saver/investor, a stock picker can’t help you. By this I mean that most working people already have what they need: a low-cost stock/bond mutual fund inside a tax-advantaged account. A 401k with an employer match or self-directed IRA or Roth IRA is the best you can get. For most working people who want a secure retirement, the smart play is a low-cost Target Date fund. This is what Warren Buffett, a master investor, recommends. His advice is unbiased and fee free. A low-cost fund assures you that you keep more of what you earn.

Make Warren Buffett your advisor: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

 

Do you have to take money out of your retirement fund this year?

IRS reminds us to restore our Required Minimum Distributions plan this year.

Individuals who reached 70 ½ in 2019 or earlier, did not have an RMD due for 2020. For 2021, they will have an RMD due by Dec. 31, 2021. Individuals who did not reach age 70 ½ in 2019 will reach age 72 in 2021 will have their first RMD due by April 1, 2022, and their second RMD due by Dec. 31, 2022. To avoid having both amounts included in their income for the same year, the taxpayer can make the first withdrawal by Dec. 31, 2021, instead of waiting until April 1, 2022. After the first year, all RMDs must be made by Dec. 31.

Though the April 1 deadline for taking the first RMD is mandatory for all owners of traditional IRAs, participants in workplace retirement plans who are still working usually can, if their plan allows, wait until April 1 of the year after they retire to start receiving distributions from these plans. Individuals who reached age 70 ½ before 2020 and were still employed, but terminated employment in 2020, would normally have a 2020 RMD due by April 1, 2021 from their workplace retirement plan. This RMD is also waived as part of the CARES Act relief.

Employees of public schools and certain tax-exempt organizations should check with their employer, plan administrator or provider to see how to treat these accruals.

Spending plan for RMD: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

 

 

What would our pay be if it matched our productivity rise since 1970s?

$22.14 would be the hourly wage if we were paid based on what we produce. Productivity increased 239% since 1950—automation and information technology created the modern working environment. Word processors and copiers replaced typewriters and carbon paper copies and mimeo machines. During the 1970s businesses stopped raising our pay and took more profits for owners. Union membership collapsed and business processes were simplified so that almost anyone could do the job: almost anyone can make a car since the hard parts like welding are done by machine. Home repair plumbers have to make individual parts fit exactly just like a lawyer has to make the wording fit exactly so they earn $60,000 plus and have a comfortable retirement. Both can increase earnings over time based on skills. For most factory workers doing repetitive work, the top incomes hit $40,000. There is little chance of increasing earnings over time. Union workers make more than non union so Amazon is currently fighting its warehouse workers. It takes two: both of us have to work full time to secure retirement income.

We must keep more of what we earn: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

 

Is a tax increase right for you?

If you are a working person and most of your income is reported on a W-2, you already pay over 33% in taxes. Most millionaires pay less than 18% according to billionaire Warren Buffett. GOP Mitt Romney pays 13%. John Kerry pays just 12% most years. Most wealthy people have the money to pay less by using tax havens or deducting expenses in a business. Biden has promised to pay for the pandemic and Trump tax cuts with new taxes on the wealthy earning over $400,000. Unfortunately, most middle class Americans support giving the wealthy all the financial breaks. The wealthy claim, through their representatives in Congress, that Democrats only want to ‘tax and spend’. However, Republicans passed Trump’s tax break for the rich and their corporations. They called it a “middle-class tax break” but that was a lie. The wealthy have increased their assets during the pandemic because our government has provided a safety net to the stock market. So for the rich, their stock market assets have increased over 31% in the last year; 16.8% annually over the last 5 years and 13.4% over the last 10 years. At minimum they have doubled their money every 5 years--$100 M, $200 M, $400 M. Private profits; socialized losses. Taxes are supposed to go up when incomes go up. Just the reverse.

We need a tax increase: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

 

Where is that refund?

The Internal Revenue Service today reminds taxpayers that the most convenient way to check on a tax refund is by using the “Where’s My Refund?” tool at IRS.gov or through the IRS2Go Mobile App.

Where is the stimulus 1 or 2: If you did not receive stimulus 1 or 2, start filing here: https://www.irs.gov/newsroom/recovery-rebate-credit

 

 

Have tax forms; will file … for FREE but WAIT . . .

If you have unemployment income, ObamaCare coverage you should wait to file since the IRS has not yet implemented tax-FREE provisions of the new Covid law. Taxes due MAY 17 not April 15. Input the W-2, unemployment, SS benefits, IRAs, pensions, RMD, brokerage, etc. forms you have. You can file for FREE online. If you didn’t receive a correct form, file a Form 4852.  Usually filing your state return costs as little as $15 unless you buy the Pro helpline. Avoid $300-400 paid preparer fees—new IRS forms mean higher fees. Unemployment insurance is TAXABLE on the Federal income tax return; not on some state returns. Some states do not tax your SS and pension benefits. Retirees did not have to take their RMDs in 2020 so taxes may be less: it was a good time to convert IRA to Roth IRA for tax-FREE future. Unless you were self-employed, you can’t deduct home office expenses of working from home. Some states continue the health insurance mandate and penalty unless you have an exemption. Since the IRA contribution deduction has no age limit now, you may reduce your income/taxes by making a contribution of up to $7,000. The standard deduction went up to $12,400 single; $24,800 joint. Jan 15 last day to make 2020 estimated payments. You have to report your April/May and December/January stimulus payments even though they are not taxable. Some of us receive a bank credit; some a debit card; some a check. Even if you don’t have to file, you should file so scammers can’t use your SS number to mess up your IRS file. Tested E file software ratings. Efile Jan 15; IRS processing Feb 12.

E file avoids covid at your preparers’ office: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

 

 

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

 

 

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

 

White Supremacist admitted killing

 

Two terrorists killed Capitol policeman

 

Our ‘Truth and Reconciliation Commission’? 

 

 

How Govt wastes our money:

Credit Suisse caught again helping wealthy avoid fair share of tax: can we stop cheats?

Executives Took Huge Chunk of Trump Tax Cuts: GOP: “already done enough aid”

IRS & most tax prep software still taxing unemployment & ObamaCare paybacks

 

We paid the employer portion of unemployment comp instead of Uber, Lyft, et al. 

Trump must pay for Trump’s suits to reverse elections: Judge in AZ says: 50 states to go

40% health care workers not vaccinated: get covid from your clinic, hospital, Dr office?

 

SCAMS/SPINS:

Keep masks: Vaccination doesn’t stop every infection: you can get it & pass it to others

TX MS FL Non maskers can push deaths to 550,000: vaccines/masks stop variants spread

How did 17 yr old Kyle get an Automatic Rifle to kill people? Any kid can buy a killer?

 

Wealthy make a fortune on TX tragedy: made $100 million selling power to have-nots

 

Ford recalls 2.9 million vehicles for shrapnel in driver-side airbag.

Credit card interest rate reduction scams, new account & account takeover scam: more

Marketing inducements are fake: only 3 left; countdown clock; sale ends now; etc

 

1 Global Capital Dantins caught stealing $24 million by selling securities illegally. 

 

For-profit colleges like Corinthian, ITT Technical caught; student loans discharged

Student Loan Pro caught charging illegal upfront fees to file paperwork for debt relief

 

Facebook fake posts: so easy to be mislead: must check facts https://www.snopes.com/

Fake news by some sick twit regarding Oprah, Hopkins, ballots, etc. easily deceived?

33% of GOP will not take vaccine + 20% say not sure: no masks, no vaccine, no normal

 

GOP states cancel health benefits for poor: 1.4 million in TX could receive health care

Sen Johnson says not afraid of White terrorists: Ron, Terrorist kill white folks

 

IRS: Easy Steps to Protect Your Computer and Phone and Avoid Phishing Emails.

IRS: Free special ID protection PIN goes on your return so scammers can’t take refund

IRS: Previous tax returns available online: https://www.irs.gov/individuals/get-transcript

IRS tips to avoid scams: https://www.irs.gov/newsroom/tax-scams-consumer-alerts

 

Is it a scam?  Check AARP scamline 877.908.3360. BBB Scam tracker

 

Check IRS: https://www.irs.gov/newsroom/dirty-dozen-part-1-taxpayers-should-be-on-the-lookout-for-these-scams

https://www.irs.gov/newsroom/dirty-dozen-part-2-thieves-work-all-year-to-scam-taxpayers

Find tax preparer: https://www.irs.gov/tax-professionals/choosing-a-tax-professional

 

Check Social Security: https://blog.ssa.gov/

Safeguard data: ConsumerReports help: https://securityplanner.consumerreports.org/

 

Jobs

Before you take a job in a flood zone, check out the future: glaciers are melting

 

Who owns your account now?

Refinance: is now the time before rates move above 3%: 6% normal; 3% inflation

Customers Happier With Property Claims if Digital Process Unbroken: send pic, get $

 

 

Miracles:

There is hope for all our ailments sometime in the future: Amazing re-grow a body!

$1,400 into your bank account by April 1: checks take longer: non-filers tell IRS address

Local religious groups pay off $3 million in medical debt: insurance not enough

 

Someone paid $69 million for digital file: you can’t hold it but I guess you can sell it

Get all of your stimulus: online calculator gives a number to expect for 3^rd stimulus

 

 

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/

 

 

Is portfolio re-balancing right for you?

GOP against lower drug prices but supports buying profit companies

Most US drugs cost 50-100% less for families in Canada and Europe. Some in Washington want to link some U.S. drug prices to the lower prices paid overseas. However, the drug industry and many Republicans taking their ‘gifts’ see it as a price control that violates ‘free-market’ principles. These same GOP members don’t see the violation of their so called “free-market principles” in buying 30% of YRC, a struggling trucking company. GOP backed our national bank in buying the lower-rated bonds of US firms starting in May. The GOP handed $ millions in forgivable loans to private plane companies that contributed to Trump elections. GOP wants to cut unemployment help to 50 million out of work because they say it keeps them from going back to work. GOP says $600 is “too generous and provides a disincentive for returning to work.” So GOP spends our money (future taxes) on their donors’ companies, creating a socialist economy but denies the jobless a means of survival until their jobs are safe to return to work.

This is Socialism for the Rich: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584

Can Trump’s paramilitary occupy our cities to assure a Nov win?

With Trump’s unaccountable and masked paramilitary in our cities during election, can intimidation and violence scare voters into staying away from polls. They do that in some fascist countries? There does not seem to be any law or power that can dissuade him from continuing to hold Portland. He did it in Washington DC for the bible-walk PR stunt. Shooting tear gas at peaceful demonstrators in the park did not get a rise out of any law enforcement or the Congress. His own Justice Dept ‘watchdog’ is unlikely to find fault with the Boss over the invasion of Portland last month. He is the highest law enforcement actor and Commander of all the armed forces. He can just fire the ‘watchdogs’ like he did in the past. He has the money lined up to carry on a long court fight over the election results. He is invigorated by a fight. He has the Supremes primed to name him as President like Scalia did for Bush. Biden is wrong, there is no military other than Trump’s military since he is the supreme Commander. Look what happened in DC, Portland and next Chicago. He has the generals and Defense goose-stepping with him in the park after his troops cleared it. There is no one to stop him now and there won’t be on January 20. Only one brave public person has named this action: Philly DA: we have an “authoritarian dictator."

Wealthy are buying citizenships to avoid taxes and virus

Who do you think will be around to pay the new tax hikes required to pay for the huge federal and state budget gaps? Many wealthy folks are buying a way out of the current tax and disease environment. For as little as a $1.4 million you can isolate yourself and your family in a safe haven so you avoid taxes and yet can keep US military and health protection almost anywhere in the world. Like many corporate giants, you can claim your home somewhere else for certain benefits while living and earning in more pleasant surroundings. Specialty firms such as Henley & Partners, the world’s biggest citizenship and residency advisory firm, do most of the paperwork.

You don’t have to move to pay less: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Trump’s watered-down fiduciary rules hurt our nest egg

Trump changed the Obama fiduciary rule to allow salespeople to take advantage of us when we move our retirement money from an employer. Critics claim this gives us less choice but the purpose of the Obama rule is to make sure we understand what happens to our money after the excessive fees, costs and possibility of loss with some products. Of greatest concern, said CFA director Roper, is that “many rollover recommendations won’t be held to a fiduciary standard, including the vast majority of recommendations to roll money out of a plan to purchase non-securities investments such as annuities, bitcoin, real estate, gold or other commodities. So precisely where the risks are greatest and the compensation related conflicts are greatest and the sales practice standards are weakest, the ERISA fiduciary standard will not apply." The Trump rule will allow financial advisors to receive many payments that would have been restricted or forbidden by the Obama rule, including commissions, 12b-1 fees, trailing commissions, sales loads, mark-ups and mark-downs, and revenue-sharing payments from investment providers or third parties, even within qualified plans and IRAs. High-cost products rob us of up to 63% total accumulation due to the compounding effect over time.

Get the best for less: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275

Is portfolio re-balancing right for you?

Has your advisor or TV guru mentioned selling some of your assets so you can buy other assets yet? This is the standard procedure for the financial sales industry. Selling and buying is how the industry creates revenue. But is this strategy good for your long-term accumulation. Many studies show that it can be good or bad depending on the performance, composition and relative size of your portfolio. Selling your winning stocks or mutual funds just because at the end of the quarter they exceeded your risk percentage only makes sense if your advisor knows they will keep growing. But advisors don’t know this. You may end up losing some valuable growth because you sold too soon. Because there is no consensus on when to sell/buy assets, most investors don’t bother. Many just use a fund that moves from stocks to bonds over a longer period. The popularity of the target-date funds show this is a practical strategy that ignores the issue. Other investors use a more intuitive strategy: designate contributions to the asset class less favored. Here you would not sell your winners; you just buy more of the losers. So when stocks soared in 2019, there has been no need to sell since stocks have returned to level ground in 2020. If you had traded stocks for bonds, you may have not been better off. For many long-term investors, stocks go up and then back down on their own. There is no need to sell to correct the balance. Stocks earn 11%; bonds earn 7% over time. Simply changing the destination of the next contribution cycle will do the job of maintaining your risk appetite. The outcome produces a delightful 8% with few bad years. The important decision is cost: Morningstar study: low-cost funds beat high-cost funds in every period.

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

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

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

Philly DA: we have an “authoritarian dictator."

Dictator: “nobody likes me”

Dictator: “I will delay Nov election”

Fascism: Paramilitary troops sent to our cities: Chicago next

US GOP judge: Trump’s paramilitary ‘guards’ CAN terrorize citizens legally

Louisville protesters bring own ARs

12,000 troops from Germany to … Cleveland, Detroit, Milwaukee

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

Cashing-in on suffering of others: Corporate Insiders Pocket $1 Billions: vaccine work?

Homeland Security destined to become the secret police: vague mission used law&order

Trump’s $1 million WALL fell as ‘the environment’ said “no walls here.”

Fed chair: Worst economic downturn ‘in our lifetime’ warrants more help from Congress

Trump to build FBI hq next to his hotel: $1.75 billion for donors from virus payments

$1 Trillion GOP Virus bill: military planes, armor trucks, helos, missiles, spy planes, war

GOP Virus bill: wealthy can make PPP loan into grant and also deduct payments as expense

Now that wealthy have virus loans/free money, GOP to shut down spending for rest of us

Wealthy take virus loan/subsidy to keep employees then lay them off: on unemployment

Millionaires decide $600 unemployment too much: Congresspeople take gov subsidies

2^nd virus check: if you don’t file taxes, https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here

Fed subsidizes capital so people who make money from money: bankers, hedgers, gamblers are riding high.

SCAMS/SPINS:

Trump: "The country is in very good shape, other than if you look South and West" 152,000 dead

Trump reverses Obama on mining in Bristol Bay salmon fishery: Army Corp goes along.

Trump mob: “kids are stoppers of disease: they don’t get it and transmit it themselves.”

Trump supporter Herman Cain at Tulsa rally, no mask: virus in 9 days, death in 30.

Trump vote-from-fear plan works: voters buy more guns – now, home tear gas launchers.

Mel’s new garden will be installed by “private” funding: virus PPP subsidy money?

Trump’s new post office head will control mail-in ballots: late votes are invalid

Reagan org asks Trump and GOP to stop using the 40th president’s name and image  

Intolerance or cancel culture: no one is listening discussing anymore; my way or highway

77 Brands of Hand Sanitizers May Be Toxic, FDA says methanol thru skin dangerous

Some biz add "COVID surcharge" to their bill: sanitize should be biz expense not mine

Coin shortage? Really, my bank won’t take coins! Some banks charge coin deposit Dah

Recall: Boeing 737 may stall in flight corroded fuel check valves been parked too long

Mark Hopkins MI stole $1.5 million promised 7% from a credit union building fake docs

AIG Variable Annuity firm stole $40 million from FL teachers steered to high-cost stuff.

Trump’s new religion/doctor: no masks, hydrochlorine, “God’s battle axe”, voo-doo

Trump will decide who gets virus vaccine first: some millions will never see it

C-19 vaccine may only slow symptoms not prevent: may only work on 50% of us.

Is it a scam?  Check AARP scamline 877.908.3360.

Jobs

Ivanka’s “find something new”: she is selling Goya beans so that job taken

Papa John’s to hire 10,000 more workers: Pizza is hot commodity

Obama to register 15 million young people for Nov

Who owns your account now?

Eviction facts: https://evictionlab.org/covid-policy-scorecard

Do other car owners hate their cars enough to change brands: Yes, Fiat Chrysler Dodge

Eight DNA Ancestry Services: The Good, Bad and Ugly

Low-cost generics from legit pharma: must pay a membership fee.

Average Age of Cars Americans Are Driving Nears 12 Years: Brand favorites

Miracle:

Baseballers kneel for BLM in opening games: Trump shocked, Fauci threw first pitch

Vaccine candidates look promising but wont’ make reality go backward to 2019.

Mom shares her good fortune and community gives back: neighbor helping neighbor

Blood test for Alzheimer’s disease nearly perfected

C-19 virus not on most mail, newspapers, packages, doorknobs, surfaces 

17 states ‘red zone’ still not following WH advice on virus case reduction

Baghdad hit its highest temperature on record: 125.2 degrees: Arctic higher too

IAN

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