Showing posts from 2020

Biden told 32 lies in 96 minutes

The biggest lie of all -- if there is such a thing -- was on oil and gas, when he stated that he has never wanted to ban fracking or move the U.S. from oil and gas. Biden let his mask slip and declared war on oil and gas at the end of Thursday’s debate.
And when he challenged Trump to show it on tape, Trump did just that later. Here's the tape: 

Here's a sample. Read the full report here,
BIDEN: “[President Trump] did virtually nothing” to combat the coronavirus.

FACT: President Trump took action beginning in January to combat the coronavirus and his Administration has led an unprecedented response to protect American lives.
BIDEN: “And there’s no prospect that there’s going to be a vaccine available for the majority of the American people before the middle of next year.”

FACT: Both the CDC and Dr. Fauci have said a vaccine is possible before the end of 2020.
BIDEN: “I don’t understand why this president is unwilling to take on Putin when he’s actually paying bounties to kill America…

Got $1.7 Million? Here's What You Get in Texas and California

We all know that home prices are ridiculous in California. After decades of restrictive housing regulations, demand outpaced supply, driving up prices. Here's what $1.7 million will buy you in San Francisco. (2,173 square feet)1812 Webster Street, San Francisco

Here's what $1.7 million will buy you near Austin, TX (6,495 square feet)412 Indigo Lane, Georgetown

Living in an upside down world

Today I woke up and as I had my morning coffee, I realized everything is about to change. 
I have been confused about the hostility of family and friends. I look at people I have known all my life... so hate filled that they agree with opinions they would never express as their own. You can't justify this insanity. We have become a nation that has lost it's collective mind! 
Somehow it's un-American for the census to count how many Americans are in America. 
Russians influencing our elections are bad, but illegals voting in our elections are good. 
It was cool for Joe Biden to 'blackmail' the president of Ukraine, but it's an impeachable offense if Donald Trump inquires about it. 
People who never owned slaves should pay slavery reparations to people who have never been slaves.
People who have never been to college should pay the debts of college students who took huge loans for their degrees. 
Immigrants with tuberculosis and polio are welcome, but you'd better b…

ESG Investments Do Not Protect You in Market Downturns

ESG = environmental, social and governance priorities. From the National Legal and Policy Center: "...that ESG factors did not inoculate investors against the stock market downturn that was attributed to the COVID crash of the global economy, nor did sustainability priorities aid in the subsequent limited recovery.

And now it turns out that one of BlackRock’s non-profiting investment priorities ballyhooed by Fink – climate change – is not all he cracks it up to be."
My take: Stocks tend to follow the broader market, without many exceptions. 

Read the full story here. Larry Fink’s Appeasement of Climate Activists is Failing

What is a good credit score?

Question: Is 695 a good score for a 19-year-old? I do everything I can do to increase it. What else can I do to make it better?Answer: 

In the U.S., age can have a factor on your credit score, because the length in time of your credit history comes into play. For example, if you have an account which you have payed on time (such as a credit card) for 20 years, this will contribute to a higher score than if you’ve only had the account 1 year. Other than that, the credit bureaus don’t care how old you are.

But, 695 is not a bad score for someone your age. If you continue to make on-time payments, keep your credit utilization low, and don’t continually open new accounts, you’ll see your score go up. There are some good articles about credit scores here: Credit Score Advice - Credit Advice by Experian

The average credit score for someone in their 20s, as reported by wallethub, is 662. So your score is above average. What Is the Average Credit Score in America? Average Credit Scores by Age, …


GASLIGHTING – Basic observations by an average person for others to ponder. GASLIGHTING – Do you know what it means? If not, then please read on. . . .
The term originates in the systematic psychological manipulation of a victim by her husband in Patrick Hamilton’s 1938 stage play Gas Light, and the film adaptations released in 1940 and 1944. In the story, the husband attempts to convince his wife and others that she is insane by manipulating small elements of their environment and insisting that she is mistaken, remembering things incorrectly, or delusional when she points out these changes. 
The play's title alludes to how the abusive husband slowly dims the gas lights in their home, while pretending nothing has changed, in an effort to make his wife doubt her own perceptions. The wife repeatedly asks her husband to confirm her perceptions about the dimming lights, but in defiance of reality, he keeps insisting that the lights are the same and instead it is she who is going insane…

5 Types of Investing Strategies

1. Income Investing2. Impact Investing3. Growth Investing4. Small Cap Investing5. Value Investing

Millennials, Money, and Mythis

Millennials want to be wise with their money, but can’t help feeling cautious. After all, they watched as their parents’ finances took a double whammy from the burst of the dot-com bubble in the early 2000s and the marketcrash in 2007. Their takeaway?

Stick to the Plan! Why FOMO Can Kill Your Investment Portfolio

From a Jeff Clark newsletter, where he talks about FOMO (Fear of Missing Out) and what risks it entails to investors. Why FOMO could ruin youBy Jeff ClarkIn 1999, the various conservative mutual funds I recommended they invest in earned 58%. It was far more than we had projected. It was far more than they needed to maintain their standard of living.

But, the Munder NetNet Fund their neighbor invested in – which only bought internet-related stocks – earned three times that amount.

The couple told me they wanted to sell the funds I recommended and put everything into the Munder NetNet Fund.

I reminded them of their long-term goals. I told them that 1999 was an “outlier” year. Just about everything made money. They had made far more money in their conservative funds than we had projected. It wasn’t likely to happen again anytime soon.

And even though I would have profited handsomely on the commission earned by selling their existing funds and buying the Munder NetNet Fund, I told them not t…

Personal Finance in 10 Simple Sentences

I moved #10 to #1, because it is actually the most important.
1. You need a written budget and a written plan for your money 2. Spend less than you earn3. Create an emergency fund immediately 4. There is no tomorrow; start today 5. It's purely on your shoulders 6. The "Joneses" are living a lie 7. Pay off your debt 8. Create multiple sources of income 9. Personal finance is 20% knowledge and 80% behavior 10. Income does not determine your wealth

The State of American Education (and most of these people vote!)


Standard Education Will Give You Standard Results


Year-end Rallies Weakest When Incumbent Republican Has Lost


MBA Student: My Generation Is Blind to the Prosperity Around Us!

Omar, Sanders and AOC have called for dismantling our economic system and replacing it with Socialism.
This article was written by a 26 yr old college student by the name of Alyssa Ahlgren, who's in grad school for her MBA.

“My Generation Is Blind to the Prosperity Around Us! I'm sitting in a small coffee shop near Nokomis (Florida) trying to think of what to write about. I scroll through my newsfeed on my phone looking at the latest headlines of presidential candidates calling for policies to "fix" the so-called injustices of capitalism. I put my phone down and continue to look around.

I see people talking freely, working on their MacBook's and ordering food they get in an instant, seeing cars go by outside, and it dawned on me; we live in the most privileged time in the most prosperous Nation and we've become completely blind to it.

Vehicles, food, technology, freedom to associate with whom we choose. These things are so ingrained in our American way of life we…

Homeowners Associations: Beware, Be Careful

I have put together a series of resources and videos on Homeowners Associations. I focus on Texas, but these laws and procedures are common in many states. I've tried to be "neutral" and not just focus on the negatives of HOAs, as there are some benefits to these organizations. Most of the videos simply deal with your rights as a homeowner. 
Many states have a state agency that regulates or monitors HOAs. However. Texas does not. 
Here are some other resources that might be useful:
Texas HOA Laws and Resources Can you dissolve an HOA in Texas? Texas State Law Library: Property Owners Associations Texas Property Code: Restrictive Covenants Texas HOA Law: 2019 Legislative Update Texas Property Codes Texas Residential Property Owners Protection Act Test
HOA Litigation in Texas (4:00)
He mentions Right of Redemption in reference to foreclosure: The right of redemption, in the law of real property, is the right of a debtor whose real property has been foreclosed upon and sold to reclaim …

What Makes a Great Leader?


What Biden and the Democrats are supporting

A sampling of policies from the Biden campaign and/or Democratic Party platform (as stated either in writing or by Party members):

End cash bail Abolish death penalty End solitary confinement  Give government healthcare to illegals  Expand welfare for new immigrants  Expand asylum for all new illegals End border detention

End all travel bans, including from jihadist regions  Amnesty for all illegals  Rejoin Paris climate accord  Eliminate all carbon emissions by 2030  Free public housing for all former inmates  Require federal reserve to end racial inequity  Universal government healthcare

Zero-emissions transport nationwide  Appoint social justice prosecutors  Implement “restorative justice”  End mandatory minimums  Incentives prison closure  Penalize “absentee homeowners” to clear way for affordable housing  Dual language instruction in public schools

Outlaw charter schools that earn a profit  Place surviving charter schools under control of Washington DC  Close any remaining charter in financially-dist…

Young Americans Know Nothing About History


Many Jobs Will Not Come Back

While the continued drop in the official unemployment rate and the record boom in new jobs in June look promising, it’s important to remember they’re just a snapshot of what the economy looked like in mid-June. And a lot has changed since then with COVID-19 infections spiking again in several states. That could have a seismic impact on several important sectors of the economy just ahead.

To understand why the number of permanent job losses continues to increase, we need to go back to a Labor Department (DOL) issue when the DOL admitted it did not count millions of Americans who had been furloughed as being unemployed. Instead it classified them as “employed but not at work.”

The DOL just assumed all or most of those workers would be returning to their jobs as soon as the COVID-19 pandemic was under control. Yet as we all know, many of those former jobs are never coming back, and not counting them as unemployed was a “misclassification error,” the Labor Department admitted.

While the DOL …

Public Education

Maybe we should defund public education

The World Rises Out of Extreme Poverty

Between 1750 and 1820, capitalism had its start in the Western World. It would prove to bring more prosperity than had ever been known -- ever. 
In 1800, 90% of the world's population lived in extreme poverty. In 2019, 10% did. During this 220 year span, 80% of the population of Earth rose out of extreme poverty.
According to the World Bank, people living in poverty have access to shelter, food, clean water, and basic services provided by the government or private entities. On the other hand, people who live in extreme poverty are severely deprived of basic human needs and often do not have access to service aids.
Most of a country's shift out of extreme poverty coincides with its industrialization.
The entire population of the U.S. has been effectively out of extreme poverty since about 1940. 
Most of China's population was stuck in extreme poverty until 1976, after which, the country suddenly began advancing out of it, slowly at first, then much more quickly, as if they had b…

History is Important, But No Longer Taught

"From this I conclude that the best education for the situations of actual life consists of the experience we acquire from the study of serious history. For it is history alone which without causing us harm enables us to judge what is the best course in any situation or circumstance." -- Polybius, The Rise of the Roman Empire (about 100 BCE).

A survey by the American Council of Trustees and Alumni found that “more Americans could identify Michael Jackson as the composer of ‘Beat It’ and ‘Billie Jean’ than could identify the Bill of Rights as a body of amendments to the U.S. Constitution,” “more than a third did not know the century in which the American Revolution took place,” and “half of the respondents believed the Civil War, the Emancipation Proclamation or the War of 1812 were before the American Revolution.” Oh, and “more than 50 percent of respondents attributed the quote ‘From each according to his ability to each according to his needs’ to either Thomas Paine, George…

Should I Pay Extra on My Mortgage?

If you mean do I pay extra toward my principle, then yes. While many financial advisors — and many “armchair” internet “experts” — will tell you not to do this, because you can get a better return in the market, that’s not always the best case. That you have to figure out yourself.Here’s a couple of reasons to starting paying down your mortgage:You don’t have enough equity (the difference between what you owe, and the home’s value). If you don’t have at least 20%, pay it down.You’re getting closer to retirement, you’re debt free, and you’re saving at least 10 percent toward retirement. Use the extra funds to pay it down. If you hit retirement with a home free and clear, you’re going to be glad you did.Having no mortgage, especially if you’re already retired, gives you the option of using the equity in your home for retirement funds, such as a reverse mortgage. I wouldn’t recommend this for everyone, but it is an option. (Having a sufficient retirement account and income is the best pl…

An Emergency Fund is Not Optional

There is nothing that will derail your goals of becoming financially independent, or financially solvent, or debt-free, or on track for a great retirement, than not having an emergency fund. 
As the name suggests, an emergency fund is a stash of money set aside to cover living expenses in case of an emergency like a job loss, unexpected medical need or last-minute car repair. But how much money you should have in that fund depends on your income and your financial obligations, especially basics such as rent, utilities and food.
Your emergency fund should be used only as a last resort for real emergencies, once other strategies such as reducing your expenses have been exhausted. Making that commitment will mean you'll have access to this money when you truly need it, something you'll be grateful for.

Your emergency fund should be separate from your regular checking and savings accounts, and it should be filled with money only for emergencies. It's best to put your emergency mo…

Using Stop Orders as Part of Your Investing Strategy

Update, Jun 11:As I noted below, a danger in stop orders is that if the prices gaps below your indicated sell price, the order will be executed lower than you anticipated. This was the case today for SCHD, the example used below. The stop price was $54.45. However, the market gapped down at opening, and SCHD sold at 53.63. (See chart below). I still kept a profit of $840, but this was slightly lower than I had planned. But if the market continues to sell off, I will have protected at least most of my profit in the position. I have the option of buying back in, if I think the market will reverse.

Have you ever sold a profitable position only to see it advance once again, leaving you in the dust? For example, you buy AMD at $19, then sell it at $32. That's a nice profit, and I'd be happy. But, shortly after you sell, over the next few weeks, it takes off like a rocket and advances to $55.
One method to manage this situation is through the use of sell stop orders. A sell stop order…