My fellow Americans – I thought Republicans would fare better than they did in the recent midterm elections. My reasoning was that Joe Biden and his administration have taken so much away from us that Americans would never vote to continue down the same path. Some of my readers may be financially well-to-do. If you fall into that group, I ask that you consider some of what I’m about to say from the perspective of the majority of your countrymen who live near, at or below the median level of income. Biden has taken away the ability to buy a tank of gas at an affordable price. the ability to buy groceries without gasping in shock at the total cost. the ability to retire comfortably. Retirement accounts have been drained due to the performance of the investment markets and inflation rates have gone through the roof. The ability to retire… Read more →
EppsNet Archive: Investments
The Right Side of History?
No, are you a mental patient? I'd like to retire but can't because my 401(k) cratered and inflation is thru the roof. But keep drinking the Kool-Aid, MFer. https://t.co/K0mPszyWL0 — Paul Epps (@paulepps) October 23, 2022 Read more →
Joe Biden Believes in Hard Work and Ingenuity?
Joe Biden believes that there’s no greater economic engine in the world than the hard work and ingenuity of the American people. But for too long, the economy has worked great for those at the top, while working families continually get squeezed. — President Biden Announces the Build Back Better Framework Joe Biden believes in hard work and ingenuity! Unless that hard work and ingenuity results in the acquisition of wealth, at which point aspiration and investment are to be punished. Read more →
See You in Hell
[See You in Hell is a feature by our guest blogger, Satan — PE] A woman was sucked out the window of a Southwest Airlines plane . . . not a black woman, fortunately, so Southwest won’t have to shut down for racial bias training. In other news, David Hogg is telling his Twitter followers to boycott the BlackRock and Vanguard investment firms. “David Hogg’s Twitter followers” . . . might be a good name for an improv group. See you in Hell! Read more →
EppsNet Investment Tips
Shares of Warren Buffett’s firm Berkshire Hathaway soared 20% in 2016, helping to boost Buffett’s personal fortune by $12.3 billion – more than any other billionaire in the United States. — Forbes Buy and hold . . . buy and hold. Read more →
Tony Robbins’ Wealth-Building Tips Seem Pretty Useless
Tony Robbins has 6 tips for Building Wealth Now. Let’s look at each of the tips and apply the “would anyone advise the opposite?” filter to assess the value of Robbins’ advice. Don’t lose money. I’m not kidding, that’s the first tip. Would anyone advise “Lose money”? No. So this “tip” is useless. Look for investments in which rewards far outweigh risks. Would anyone advise “Look for investments in which risks far outweigh rewards’? No. Robbins recommends using “the 5-to-1 rule,” in which the potential returns on an investment are 5 times greater than the potential losses. Why 5? Why not 10? Or 100? Where do you find these investments? I have no idea. Don’t overpay taxes. Would anyone advise “Overpay taxes”? No. Diversify. Would anyone advise “Don’t diversify”? Possibly. There’s a couple of schools of thought on diversification: 1) Don’t put all your eggs in one basket; and 2)… Read more →
I Don’t Understand What Warren Buffett is Talking About
In an op-ed for the New York Times, Warren Buffett argues that higher taxes won’t keep the super-rich from trying to make money: Suppose that an investor you admire and trust comes to you with an investment idea. “This is a good one,” he says enthusiastically. “I’m in it, and I think you should be, too.” Would your reply possibly be this? “Well, it all depends on what my tax rate will be on the gain you’re saying we’re going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent.” Only in Grover Norquist’s imagination does such a response exist. — A Minimum Tax for the Wealthy – NYTimes.com Really, Warren? It’s an investment, right? It’s not a sure thing. It’s not a giveaway. I’m being asked to put money at risk. That’s the difference between… Read more →
Herman Cain’s 9-9-9
By slashing the income tax rate, effectively, in half, he makes it that much more worthwhile to get up in the morning, take risks, work hard, take chances, and invest in progress. By eliminating the capital gains tax, he rewards investment and ownership and makes it possible for people to move up the economic ladder, not through phony teaser Fannie Mae mortgages, but by smart purchases and skillful investment. . . . Herman Cain would establish America as a beacon for investors, entrepreneurs, inventors, creative business people, and all manner of upwardly mobile, ambitious men and women. He would give the U.S. the lowest personal and corporate tax rates in the world, and the only place where investment earnings are tax free. In the process, he and his plan would kindle decades of robust economic growth. He would make the next few decades a continuation of the American Century. —… Read more →
Dog Investors
Hi Everybody — I saw this headline today on an Associated Press story: As a dog investor myself, I just wanted to assure you that I am not worried. In fact, I’m sleeping like a puppy . . . The key to investing is taking a long-term view of the market. Stocks are down? It’s a buying opportunity! Among the stocks I’m currently recommending are PetSmart (PETM) – Woof woof! Volcom (VLCM), Under Armour (UA) – I see lots of young humans wearing these brands. BJ’s Restaurants (BJRI) – I’ve never been but my owner says it’s really good and always crowded! Sonic Corporation (SONC) – I love the commercials with the two people talking in the car! So funny! — Lightning Read more →
The Latte Factor
Is $1 million really better than a good cup of coffee? Someone has trademarked the phrase “The Latte Factor,” referring to his claim that you could save the $3.50 a day you’re spending on little things like coffee, invest it, and wind up with millions of dollars. I don’t doubt that under a certain set of assumptions, that’s true — although under another set of assumptions, you could invest the money and lose it all, in which case you’ve got no lattes and no money). Read more →