Cheapo Groovo

How 2 Protect UR Portfolio

Investing w/o any effort

Robinhood debit card lets you round up to the nearest dollar. Offees weekly payouts + bonuses

Lend out your shares and get paid. This is from my $TBIL investment

putting the $226 trillion debt on the backs of senior citizens

Use the 4% rule for #RETIREMENT withdrawals

Use this calculator after watching the informational video below.

These 2 books are "MUST READS" #investing #money #tradingsstems

OPTION TRADERS

STOCK TRADERS

The latest video on AUTOMATIC INVESTMENT MANAGEMENT #money #miracles

 

401(Kaos) >> NEVER PARTICIPATE IN 401(k) PLANS

Original post links to a great book which exposes all the shenanigans! Drawdowns will make you work until you die.

Avoid Celebrety Endorsed Medicare Advantage Plans #healthcer #medicare #dental

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Wall Street Cheating - Compare Apples to Oranges

The S&P 500 Index started tracking stocks 64 years ago. The problem is most of those stocks are no longer in the index.

To remain indicative of the largest public companies in the United States, the index is reconstituted quarterly.

The S&P 500's most recent restructuring was on Mar. 12, 2021. NXP Semiconductors, Penn National Gaming, Generac Holdings, and Caesars Entertainment were added, replacing Xerox Holdings, Flowserve, SL Green Realty, and Vontier.

So when you see the chart, it is not giving you the performance of the same 500 companies over time. Rather it is  skewed to high-performance companies each and every quarter.

Wall Street Cheating - Create Endless Buyers

I posted all the problems with retirement programs in my 401(Kaos) post. Download and read the eBook for all the reasons. Here are my takeaways

1) retirement plans give you few investment choices
2) those choices do not replicate market returns
3) the plans are not individually tailored
4) no financial education is provided in any meaningful way
5) plans are long only, no hedges for bearish markets
6) changes can be made only quarterly

Never the less, Wall St. got the politicians to pass legislation that totally favors them!

Regulations have permitted employers to automatically enroll employees in retirement plans since 1998. Now the Secure Act 2 would require 401(k), 403(b) and SIMPLE plans to automatically enroll employees once they are eligible to participate in the plan. The initial enrollment amount must be at least three percent. Each year thereafter the amount is increased by one percent until it reaches the 10 percent limit.