I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I'm in my 60s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $500k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert…
Oh few number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $2.2m in gains… might not be a lot but i'm financially secure.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
(@@MichelleBennett-g6d) {My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market}
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Well the recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence.
Bad start to the year with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!
I’m my own pension fund manager…fortunately I’m a CPA and have been learning about personal finances and investing for 40 years. Stories like this make it really hard to trust the financial services industry. Personal finance is a mystery to 90% or more of the population. Thanks to channels like this, people can educate themselves if they have the desire.
It’s all a scam. You’ll probably be better off just putting most of it in bitcoin and a small basket of cryptocurrencies. At least crypto has an actual upside to make the risk worth it - that’s how young people think now
@ChristianJon right in the money, people say gold and while I don’t hate it look at how 50% of the market is for jewelry which is perceived value not intrinsic value…then look at how gen z (and younger millennials) doesn’t like gold jewelry at all and you wonder how well it will fare as society ages and barely anybody wants to buy it in jewelry form
@@coreygarrett9545 I think gold is useful as a backup to the current financial system - just as a stable price reference to value the crypto currencies and goods and services. Maybe it can do a 3-5x but that’s probably about the limit. Together with a gold backed currency and crypto for the financial infrastructure I could see that working. I have very little faith that our current system is working. Growth seems to have halted, debt burden is too high. Corporations aren’t really coming to fruition anymore either. I think Tesla was the last thing that was any good - and look how faulty Tesla is
My brother just retired at 55 from a CA fire department. He got the 3@50 deal. (years of service X 3%) since he had 33 years in, he's getting 99% of his highest ever gross income (which was 175 k, yes $175,000/yr) How can Calpers afford this ?????
If this firefighters pension is like most municipal plans, if he is married and he dies, his wife will continue to receive the full amount - wonder why California is BROKE !!!!
A pension is a plan offered by an old person (corporate management) to entice a young person to make a career with the company, knowing that, even if the company survives that long, the old person will be long gone before the young person wants to draw from the plan. Never mistake a "plan" for a "promise".
This is very true! I advised my brother-in-law to cash in on his pension fund when he turned 65. His fund manager talked him out of it. About three months later, I asked him if he withdrew his funds. He said no. He was advised to stay in to not miss out on big profits. I prodded him once more to get his money out and invest in real estate. This was after 2008. He went with determination to take out his funds of over $100,000. This time his funds manager told him he had lost everything. This is how it works.
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary expertise to pull off such trades effectively carry them out.
A downtrend offers an equally high-yielding avenue if you have the necessary skills and knowledge. This is why I've been using an investment advisor to scale up during this difficult time, and it's the only way I've been able to raise up to $150K in the last six months. It all comes down to technique. The downtrend gives you room to focus on the market and grow-substantially whether in the long or short run.
One of the fiduciaries I deal with is Alicia Ann Jordan. Just check the name. There would be a letter with the necessary information to set up an appointment.
thank you for sharing; I just looked up the broker you recommended on Google and was really impressed with her qualifications. I will immediately send her an email.
Here is another vote for a Ted Q & A. I'm a 68 yr. old State of Florida working employee with over 25 year of service and have been concerned about my pension for a number of years. I was logged in for the live Q & A on Retirement Planning a while back and posted a question or 2 regarding taking my pension or a lump sum payout. A few folks jumped in with comments suggesting it was a "no brainer". Well now they have more insight to where I was coming from. One always has options regarding life's circumstances. I find that continual education followed by rationale and applied logic along with some wise counsel, at times, result in favorable outcomes. Thank you, Adam, for providing a continuous treasure trove of financial learning from a Lifestream of topic experts.
The Delaware Bankruptcy Court redacted the names of the top 50 FTX creditors totaling $3.1 billion. How many of those creditors were pensions? My guess is there are a few.
It seems wrong that these names are redacted. I fear that the FTX situation may be an iceberg, e.g. the damage not limited to what you can see in the crypto world.
@@susanstewart1402 I think your “fear” is or will quickly become reality. Especially considering politics, superstar investors/owners/athletes, etc we’re all involved.
It would seem to have been calculated to spare the top management of creditor entities the embarrassment of exposure for lax investment decision-making. Gee, thanks, Judge...
I am sure CalPERS is a mess. My husband retired in June. He was planning to work a couple more years, but he was put on unpaid leave for not complying with the weekly C***d test. Thank God we have been living debt free since before 2020 insanity.
@@donaldlee6760 I can speak for CalSTRS, but PERS should be fairly similar. Most of these state pensions are guaranteed by the state Constitution, at least in California. No one I know on STRS is getting less than they should because the state can simply raise taxes to pay their pensions. The state simply has to pay the agreed upon amount, or amend the state constitution, and that would be well nigh impossible given how unions control the state legislature and the governorship. Even during the Great Recession, people got what they were promised. Now... About today... I really worry that California may be in the realm of having to change things or default if another Great Recession collapse occurred.
Mr. Siedle's expertise and interview was very much appreciated. I am employed with City&County of Denver which has a pension plan. I have great concern due to the reports of bankrupt pensions, but also of great reductions of benefits. Are there any telltale signs to indicate the beginning of collapse, as an inverted yield curve does for recession? Thank you both!
Not having a government pension of any kind, I'd say you have provided the answer to those that do: "leave your money in the state pension fund. It will get bailed out".
😮do you realize that people without pension fund’s pay for the bail outs , that means your kids and other generations and older people pay the price of those bail outs ,the government makes no money only through taxes that’s stealing robbery from your hard working people without pensions that is ludicrous,end pension funds and let people secure there own retirement
Today, a major gain in protecting the pension plan members was achieved in Canada. A federal bill C-228 to give pension plan members the highest priority when plan funding falls short in a company bankruptcy has unanimously passed a vote in the House of Commons. That would put the pension liability ahead of secured and unsecured creditors, improving the chances plan members would be made whole in an insolvency. This is a fantastic Canadian achievement. The Bill C-228 was a private Bill initiated by one member of the Parliament Marylin Gladu. She was able to rally all members of Parliament, in an outstanding vote: 318 yes, 0 no.
Thanks for the show. I'm in two pensions. One of them I am still employed by the state agency. Both pesions say they are fully funded (Who Knows?), but how much of that is commercial real estate, and derivatives. How are derivatives legal? It does worry me. I have small stacks of Silver and Gold, and IRA's I manage myself. I'm college educated, blue collar worker in the trades. I figure I will work till I die. After listening to this I want to buy a whole lot more silver and gold.
I'm 63. When I was 17 I worked for a company that provided a pension. 8 years. I never contributed a dime. I retired at 55 and called the pension plan phone number. Every year I received a statement. I kept all of them. I receive almost $300.00 per month from the plan. Its not much. I call it play money. It pays to keep records.
It does indeed. Being on the other side of the coin (and this is not a critique of you so please dont take it that way) people are getting fed up with student loan forgiveness, not realizing the younger generation has been paying for this "play money" for their elders all while facing a cost of living and debt their parents never knew. Of course, the standard of living is much higher today, but this fake money and the systems that support it are coming to an end. Everyone is starting to learn it is rigged and not in our favor.
A Q&A with Ted would be great. A question to ask him before, could be: "Does he know of people/companies in other countries that do his kind of work?" Perhaps in the UK Australia or other countries where he has seen or knows that there are similar pension issues? I live/worked in Australia and know that many of your viewers are from other countries. So I'm sure they would appreciate any contacts he has.
My husband is getting ready to retire in 2023 with a NY State Retirement Pension we are not really worried about it being cut or not being there for us.
Thank you, Adam! STELLAR interview! Looking forward to the live Q & A. I’ve been a retired Virginia teacher for a little over a year now. Would love to know how well Virginia’s State Pension System is doing.
The Gov of FL is protecting Floridians from woke liberal investment people who are not acting as a fiduciary when they invest in ESG’s. Research shows ESG funds consistently underperform.
@@miketerry6036 Doubt it. Plan B is selling this house with no mortgage attached, selling one of my cars (both paid for), no credit card debt, no wife or kids. Downsizing will work. Trust me, I’ll be fine.
I am so glad you brought this subject up because this is very true. I looked up the WA State pension funds and they have nearly 30% in Private Equity and 20% in Real Estate related which are both up 20-30% to offset bond and stock losses. However I found one PE invest valued at 2.2 Billion in May 2022 and now only 627 million. These are volatile investments and goes against traditional lower risk investments.
The latest number from the Federal Reserve's Survey of Consumer Finances -- one of the best surveys for measuring household asset holdings -- is that 12 percent of U.S. workers in 2019 had a traditional pension plan with their current employer. That figure actually includes both public and private sector workers, so the private sector number would be somewhat lower. In addition, this is from the Brookings Institute: Across the U.S., nearly 24 million people-a little over 15% of the workforce-are involved in military, public, and national service at the local, state and federal levels. The Federal reserve numbers include union tradesmen who get a pension from their unions.
@@leeanderson2912 from what I have observed about retirement investment fund, most people are going to be inadequately funded by the time they retire.... I am retired and like many my "retirement investments" yield very little return... We have been scammed out of any real returns because governments have focused on supporting their overspending and the corporate interests of the "too big to fail"... The masses had better learn how to live frugally and intelligently if life is to be at least reasonably comfortable.
Exactly! What’s the difference between an unregulated cryptocurrency exchange like FTX and unregulated, opaque, underfunded pension funds plundered by bankers and Wall Street? A: The pension fund might get a bailout 🤷♀️
My Pennsylvania School Employees pension fund is VERY transparent and even during the COVID months and stock market reversal it STILL made a small profit, unlike many other public pensions. I breathe easy.
Excellent interview, this could easily be a massive issue world wide going forward as pension companies need to deal with customers having been promised returns from a zero interest environment.
Wish this video would have covered where "Private Company" pension funds are invested. 50% of all S&P 500 companies have Private Pensions being issued to Many Millions of retirees.... We all know the Public/Gov pensions are at risk... What about Private?
I coalesced and liquidated my pensions and 401ks -- paid the tax and penalty. Purchased farm land, irrigation infrastructure, water rights. Making annual income on corn and alfalfa. You can't print food. One of the killers is property taxes -- 70% of which goes to "schools" -- which translates into high-paid administrators, counselors, DIE staff and palaces (new Green Sustainable buildings). Florida / DeSantis is getting away from ESG because it is nothing more than political posturing and virtue-signaling -- it is not profitable nor sustainable in the world of physical reality. Also "get woke, go broke" is exemplified in Disney's demise and the downfall of other companies that follow a woke-agenda. I am doing what I can to convince friends and family members to take their financial future into their own hands -- do the heavy mental lifting -- then convert the pension assets into individually controlled investments. Being an adult means fully understanding that no one is coming to rescue you -- and that includes your state pension board of bureaucrats.
I work for a Large Hospital Corp. It was a local Catholic Hospital and🎉 We Had a Good Pension system but when Aquired by the Bigger Corp they froze our Pension 15 yr ago? What ever we had at that point was all we wud get at Retirement. NO COLA. Switched to 403b. The Pension Funds are managed by TransAmerica Insurance so I'm hoping That will be well managed?
They can audit all they want, what are these auditors going to do when the government is inflating away pensions? Slap the central bankers on the wrist? All pensioners will continue receiving their pensions but the kicker is that one check might buy them a couple cans of food.
No doubt there are massive Shenanigans being played with these underfunded pension plans. I think part of the blame can be placed at the feet of the Fed for keeping interest rates effectively at zero for the past 12+ years. Everyone from pension fund managers to people, like myself, that only had defined contributions (aka 401k’s) were pushed further out on the risk curve. So plenty of blame to go around here…oh do not forget about our bloated Federal government with an addiction to massive deficit spending.
Dynmik: you nailed the key problem on the head-- the Fed caused this entire mess. By suppressing rates for so long they created TINA. There Is No Alternative-except risk on assets You can’t depend on anyone but yourself! I strongly suggest you learn from Investors Business Daily and the CANSLIM system. William J O’Neil taught me how to make money buying the best stocks at the right time...and when to be in stock market and when to get out until the FTD arrives Read the book How To Make Money In Stocks by WJOniel.
In the UK, the conservative party, 3 yrs after the worst ever financial crisis in 2008/9, decided to reflate the housing bubble (primary financial/ retirement asset of Brits) with taxpayers money because 0.5% rates wasn't working. Prior to that they tried austerity, but threw in the towel. In 2015, they defied all the odds to win the general election with the feel good effect. Now that even more extreme housing bubble is bursting. I'm sick of people blaming politicians and central banks. Much of the shenanigans in the west could not happened with the tacit support of selfish/ short-sighted voters.
Raising taxes have not and will not fix the problem as the obligations are increasing exponentially due to unfunded part of public pensions and the rapidly growing retiree numbers due to the baby boomer generation. In places like California, some cities have nearly half of tax revenues going to public pension obligations, so they cannot afford to pay any more taxes. Then, most Californians cannot afford to pay more taxes as the great majority are barely able to afford expenses under the current taxation. Raising taxes have already forced millions out of the state, including public pensioners, which has taking billions in taxes out of the state. Further tax hikes will just force out even more people which will only further hasten the collapse of the entire state.
If results are measured against a performance benchmark, you can tweak the benchmark so results look rosy no matter what. So, results can always beat expectations.
The US has become 70% dependent on consumer spending alone to drive its economy. No longer employed in full-time jobs , w/ benefits, workers get caught between declining purchasing power and soring health care costs. Many workers additionally suffer under a global 'wage race to the bottom' as corporations seek the low cost supplier (wherever they may be off shore). The Middle class has become a "vanishing class".
"Pension envy" comes from the realization of the fact that government pensions are funded by the private sector i.e. tax payers, you and I who don't work for government. Private pension plans offered by businesses are practically non-existent having been replaced by 401k and similar plans. A key reason why people want to work for government is because they expect to have a secure retirement pension, not realizing and/or don't care that it's made possible by the private sector. If government pensions are bailed out it will be via massive money printing by the Fed, IF it decides to do so, in which case those pension checks will be ravaged by very high or hyperinflation. So pensioners will get their checks but good luck buying much of anything with them, look at Venezuela as a preview of what's to come.
WOW, always wondered how pension funds were investing our funds. The FTX is very small potatoes compared to the $ in pension funds and the # of people that could lose a large % of their income.
You just scared the crap out of a lot of people who rely on pensions, but I once heard that public pensions (at least in California) are guaranteed by the taxing authority of the public jurisdiction with potential Federal help. It's likely that there will be bailouts as pension systems recover from losses. This could be a gap bailout. A pension system's portfolio may be down now, but in 5 years the situation may look much different and possibly much better.
This should scare the crap out of you. They are investing in high risk ventures that are only one step below venture capital. They could make a lot of money or lose a lot. In our current Fed tightening, most balloons will deflate and the riskiest the worst.
Isn't the ESG BS part of alternative investment options? Wrong for him to criticise the Gov of Florida who is right & will be proven correct to criticise companies going woke & to not invest in them
You are both doing the right thing. Unfortunately people won’t care unless it happens to them. And I’m hearing they won’t find out why but just want the bailout. It would be interesting have n expert that could break down the US budget as some argue that the bailouts are minuscule to areas like defense. Thank you so much!
The people that do not will (lie to themselves) anoint the broke pensions and will shift blame on MAGA, trump and other scapegoats 6+ figure public sector pension funds = broke
@@leeanderson2912 1. Thank you, Lee! 2. I’m presently 100% capitalized in rental real estate. 3. In 2023, when I’m able to, I will do as you suggest. 4. I’m thoroughly knowledgeable about real estate, but I need to pursue more education about precious metals. 5. Thanks! 👍
So what I'm hearing is the finance industry is under regulated , but if you suggest regulation , many say that makes it worse , too bad there aren't more honest people in finance and everywhere else for that matter
I am an independent financial advisor who helps and works with CalPERS and CalSTRS employees that are still working and some who are planning to retire. I tell them and show them documented proof how underfunded their pensions are. CalPERS has within the last couple of years have forced their employees to start contributing to their pensions based on their gross bi-weekly income. According to my research, California pensions are 40 Billion Dollars in unfunded liabilities. Second only to Illinois.
ny pensions say they are 100% funded but only have 10 years worth of funding at any given time and they have to pay out for 60+ years (20 year old workers will live until 85ish?). That is IF the stocks they invest in do well over the next 10 years....if we had sideways markets growing at 3-5% each year then the funds would have only 7-8 years worth of payments but they tell the taxpayers and union workers they can pay out for 65 years.....
I am wondering how much of this is caused by politicians promising high unrealistic pension benefits without consideration of the funds ability to perform, forcing them to take more risk. This could be a "chicken/egg" type scenario? Just wondering if that could be one part of the many problems?
Even the most successful fund managers cannot maintain the consistent returns that were promised. They promised far more than the free market can afford to pay, so of course they were unaffordable from the start.
@@ReverendSnedley They didn't steal the money. They just promised benefits and pay that were never affordable to the tax payer. A LOT of tax revenue goes towards pay for these pensions and medical care for public employee retirements. In some cases it's as high as 50% of tax revenue.
The german pension system is that the current workers have a deduction from their salary which is payed out to the current retirees. Todays Raito is 2 workers pay for 1 retiree and the ratio is getting worse. So there are obvious problems but they are different to the USA. This is a very rough outline and there are some exemptions e.g. the doctors have their own system but most of the german fall under the state driven contriubution financed system. There is a discussion to lift the retirement age from 67 to 70 to some kind of stabilizing the system.
I would imagine put writing is a big with pension funds which in effect means insurance against declines is cheap. How does that distort stock valuations? If my car insurance is cheap, I buy more of it and drive recklessly. If coverage is too expensive and I forgo it? I drive carefully.
The real problem with "Fund or Money Managers" is this: Having a job and having integrity just isn't appealing to their basic criminal nature that economics and money management attracts. Basically the job itself draws psychopaths like a moth to a flame and just making a living and putting in your 40 hours is no good for these guys, it's always about the gamble with other people's money to make themselves rich. My guess, there is never enough for them because it's in their nature, like a gambling addict, to keep playing the game and doubling down. Now, I'm not saying they're all psychopaths, I'm saying the majority of them are and mostly because they know exactly what they are doing and they are beaming with pride about their devious work. Get them all in a room and they clink glasses, high five, laugh and smile about the lies they tell to line their pockets, the pride they beam in the deception they weave that's dupes the sheep of their money. So, again, the basic problem is that these offices are infested floor to ceiling with degenerate criminals by nature with severe gambling addictions, who get high from the big money game, not only couldn't they just work a job for a living with integrity, they would do everything possible to avoid every having to do that. Even if they where forced to earn money by a work a day job, they would gamble their very first paycheck in order to try to get back in the game of deception for riches. Every single house that manages money or investments or any form of making money by gambling other people's money is full, to the rafters, of the psychopathic, gambling addicted, deceitful, hateful human beings. Good people never last and their laughed at by the demonic economist and this goes all the way to the top, a stinking rotting pile of feces all the way to heaven itself. Yeah, yeah, here comes the self justification, don't bother. Don't ever put your money in anyone else's hands, NOT EVER. When your money is "held or invested" by someone else, you accept all the risk so they can make a living bleeding profit from the fruit of your labour while they laugh at you for being a chump. Take all your money out of everything, buy Gold and Silver and hide it in your possession, if ever the Gov comes looking for it, they can F*&K off, you don't what they're talking about. "Oh, right that Gold purchase, well, Hookers and Blow, don't I get a check my terrible disease from the Government now"? If you don't like that one then come up with another one, spent, gone, traded to a pawn shop, whatever, prove it. They will only come looking under a Demonic order, they don't deserve the fruit of your labour and they have no right to it, as well, they have no right to your free agency, NONE, so, don't feel bad deceiving the deceiver to protect your own good works.
Unbelievable. I was being charged huge fees to lose money at one of the largest investment companies, starts with an F and ends with a Y. Moved me from producing funds into their own funds to lose money. Go self managed, or actively managed, and take responsibility for YOUR money.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
I'm in my 60s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $500k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert…
Oh few number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $2.2m in gains… might not be a lot but i'm financially secure.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
(@@MichelleBennett-g6d) {My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market}
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Well the recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence.
Bad start to the year with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!
Damn ! this entire country's economy is house of cards
Agreed! And thanks to Biden, we can now toss 14 MILLION ILLEGALS into the deck! Prepare for mass chaos and violence nationwide.
The entire world actually. Not just this country. 😮
I have an idea let’s print 10 trillion more dollars that should cover a few state’s pension woes.
I’m my own pension fund manager…fortunately I’m a CPA and have been learning about personal finances and investing for 40 years. Stories like this make it really hard to trust the financial services industry. Personal finance is a mystery to 90% or more of the population. Thanks to channels like this, people can educate themselves if they have the desire.
Not sure if people are working 40-50 hours a week then come home and study pension plans.
What about honesty? Take your money and get it into gold.
It’s all a scam. You’ll probably be better off just putting most of it in bitcoin and a small basket of cryptocurrencies. At least crypto has an actual upside to make the risk worth it - that’s how young people think now
@ChristianJon right in the money, people say gold and while I don’t hate it look at how 50% of the market is for jewelry which is perceived value not intrinsic value…then look at how gen z (and younger millennials) doesn’t like gold jewelry at all and you wonder how well it will fare as society ages and barely anybody wants to buy it in jewelry form
@@coreygarrett9545 I think gold is useful as a backup to the current financial system - just as a stable price reference to value the crypto currencies and goods and services. Maybe it can do a 3-5x but that’s probably about the limit. Together with a gold backed currency and crypto for the financial infrastructure I could see that working. I have very little faith that our current system is working. Growth seems to have halted, debt burden is too high. Corporations aren’t really coming to fruition anymore either. I think Tesla was the last thing that was any good - and look how faulty Tesla is
I'm a property manager. The majority of my tenants have no idea how to do the basics of managing their money.
My brother just retired at 55 from a CA fire department. He got the 3@50 deal. (years of service X 3%) since he had 33 years in, he's getting 99% of his highest ever gross income (which was 175 k, yes $175,000/yr)
How can Calpers afford this ?????
Your brother won the pension lottery. 🎉
LOL 175 is cheap... dude check out what the cops make. some make 300k per year. The answer is CALpers cannot afford it
If this firefighters pension is like most municipal plans, if he is married and he dies, his wife will continue to receive the full amount - wonder why California is BROKE !!!!
A pension is a plan offered by an old person (corporate management) to entice a young person to make a career with the company, knowing that, even if the company survives that long, the old person will be long gone before the young person wants to draw from the plan. Never mistake a "plan" for a "promise".
This is very true! I advised my brother-in-law to cash in on his pension fund when he turned 65.
His fund manager talked him out of it. About three months later, I asked him if he withdrew his funds. He said no. He was advised to stay in to not miss out on big profits. I prodded him once more to get his money out and invest in real estate. This was after 2008. He went with determination to take out his funds of over $100,000. This time his funds manager told him he had lost everything. This is how it works.
@@ronwinkles2601
@@ronwinkles2601
@@ronwinkles2601
Pensions are squirrelly? Yikes!
The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary expertise to pull off such trades effectively carry them out.
A downtrend offers an equally high-yielding avenue if you have the necessary skills and knowledge. This is why I've been using an investment advisor to scale up during this difficult time, and it's the only way I've been able to raise up to $150K in the last six months. It all comes down to technique. The downtrend gives you room to focus on the market and grow-substantially whether in the long or short run.
One of the fiduciaries I deal with is Alicia Ann Jordan. Just check the name. There would be a letter with the necessary information to set up an appointment.
thank you for sharing; I just looked up the broker you recommended on Google and was really impressed with her qualifications. I will immediately send her an email.
Absolutely Great Interview & Need more Pension experts for the upcoming Pension Defaults
Here is another vote for a Ted Q & A. I'm a 68 yr. old State of Florida working employee with over 25 year of service and have been concerned about my pension for a number of years. I was logged in for the live Q & A on Retirement Planning a while back and posted a question or 2 regarding taking my pension or a lump sum payout. A few folks jumped in with comments suggesting it was a "no brainer". Well now they have more insight to where I was coming from. One always has options regarding life's circumstances. I find that continual education followed by rationale and applied logic along with some wise counsel, at times, result in favorable outcomes. Thank you, Adam, for providing a continuous treasure trove of financial learning from a Lifestream of topic experts.
No
yes I would be interested in you having Ted Siedle back
Virtue signaling by investing in WOKE and ESG is not the responsibility of pension fund investing.
Perplexed why he bashed Desantis for banning investing based on ESG...
As a fiduciary, you need to be open to all investments that are best for your clients. It limits the options.
The Delaware Bankruptcy Court redacted the names of the top 50 FTX creditors totaling $3.1 billion. How many of those creditors were pensions? My guess is there are a few.
Ontario Teacher's pension to begin with
Next, Born-again ESCAPE !!
Then, One -World Digital Monetary System UNDER Antichrist !!!!
It seems wrong that these names are redacted. I fear that the FTX situation may be an iceberg, e.g. the damage not limited to what you can see in the crypto world.
@@susanstewart1402 I think your “fear” is or will quickly become reality. Especially considering politics, superstar investors/owners/athletes, etc we’re all involved.
It would seem to have been calculated to spare the top management of creditor entities the embarrassment of exposure for lax investment decision-making.
Gee, thanks, Judge...
I am sure CalPERS is a mess. My husband retired in June. He was planning to work a couple more years, but he was put on unpaid leave for not complying with the weekly C***d test. Thank God we have been living debt free since before 2020 insanity.
I'm curious - has your husband received what CalPERS promised him or has he been notified that he will get less than promised in the future?
I used to work for S&P tracking pension funds 30 yrs ago. CALPERS was a mess then. By 2005, underfunded beyond reclamation.
@@donaldlee6760 I know people who receive CalPERS pensions, and they have not been notified of any cuts at this point.
@@donaldlee6760 I can speak for CalSTRS, but PERS should be fairly similar. Most of these state pensions are guaranteed by the state Constitution, at least in California. No one I know on STRS is getting less than they should because the state can simply raise taxes to pay their pensions. The state simply has to pay the agreed upon amount, or amend the state constitution, and that would be well nigh impossible given how unions control the state legislature and the governorship. Even during the Great Recession, people got what they were promised. Now... About today... I really worry that California may be in the realm of having to change things or default if another Great Recession collapse occurred.
@@Isaiah44Project Oh joy. I heard others say similar. We are working on another income stream and starting a garden.
Secrecy is a huge red flag. First step is crowd funded forensic accounting audit. Second step crowd funded class action suit!
Mr. Siedle's expertise and interview was very much appreciated. I am employed with City&County of Denver which has a pension plan. I have great concern due to the reports of bankrupt pensions, but also of great reductions of benefits. Are there any telltale signs to indicate the beginning of collapse, as an inverted yield curve does for recession? Thank you both!
Not having a government pension of any kind, I'd say you have provided the answer to those that do: "leave your money in the state pension fund. It will get bailed out".
You are absolutely right. Government pensions always get bailed out.
😮do you realize that people without pension fund’s pay for the bail outs , that means your kids and other generations and older people pay the price of those bail outs ,the government makes no money only through taxes that’s stealing robbery from your hard working people without pensions that is ludicrous,end pension funds and let people secure there own retirement
Today, a major gain in protecting the pension plan members was achieved in Canada.
A federal bill C-228 to give pension plan members the highest priority when plan funding falls short in a company bankruptcy has unanimously passed a vote in the House of Commons.
That would put the pension liability ahead of secured and unsecured creditors, improving the chances plan members would be made whole in an insolvency.
This is a fantastic Canadian achievement. The Bill C-228 was a private Bill initiated by one member of the Parliament Marylin Gladu. She was able to rally all members of Parliament, in an outstanding vote: 318 yes, 0 no.
OMG this is truly terrifying....thank you for sharing with us.
Adam, yes, please ask Ted back for a Q&A, that would be great!
Thanks for the show.
I'm in two pensions. One of them I am still employed by the state agency. Both pesions say they are fully funded (Who Knows?), but how much of that is commercial real estate, and derivatives. How are derivatives legal? It does worry me. I have small stacks of Silver and Gold, and IRA's I manage myself. I'm college educated, blue collar worker in the trades. I figure I will work till I die. After listening to this I want to buy a whole lot more silver and gold.
I'm 63. When I was 17 I worked for a company that provided a pension. 8 years. I never contributed a dime. I retired at 55 and called the pension plan phone number. Every year I received a statement. I kept all of them. I receive almost $300.00 per month from the plan. Its not much. I call it play money. It pays to keep records.
It does indeed.
Being on the other side of the coin (and this is not a critique of you so please dont take it that way) people are getting fed up with student loan forgiveness, not realizing the younger generation has been paying for this "play money" for their elders all while facing a cost of living and debt their parents never knew.
Of course, the standard of living is much higher today, but this fake money and the systems that support it are coming to an end. Everyone is starting to learn it is rigged and not in our favor.
Yes. Please have Ted back on for a question and answer session. Thanks
A very unique guest indeed! A man that serves a purpose not just a profit motive.
A Q&A with Ted would be great. A question to ask him before, could be: "Does he know of people/companies in other countries that do his kind of work?" Perhaps in the UK Australia or other countries where he has seen or knows that there are similar pension issues? I live/worked in Australia and know that many of your viewers are from other countries. So I'm sure they would appreciate any contacts he has.
THIEVES STEALING PENSIONS ARE WORLDWIDE.
Yes, please have Ted back to answer pensioners questions.
So thankful for Wealthion!!!
Yes for bringing him back.
My husband is getting ready to retire in 2023 with a NY State Retirement Pension we are not really worried about it being cut or not being there for us.
A Movie needs to be made from this honestly and accurately
Intriguing and concerning topics brought to light.
Thank you, Adam! STELLAR interview! Looking forward to the live Q & A. I’ve been a retired Virginia teacher for a little over a year now. Would love to know how well Virginia’s State Pension System is doing.
The Gov of FL is protecting Floridians from woke liberal investment people who are not acting as a fiduciary when they invest in ESG’s. Research shows ESG funds consistently underperform.
Your future probably includes a wal mart check
@@miketerry6036 Doubt it. Plan B is selling this house with no mortgage attached, selling one of my cars (both paid for), no credit card debt, no wife or kids. Downsizing will work. Trust me, I’ll be fine.
I am so glad you brought this subject up because this is very true. I looked up the WA State pension funds and they have nearly 30% in Private Equity and 20% in Real Estate related which are both up 20-30% to offset bond and stock losses. However I found one PE invest valued at 2.2 Billion in May 2022 and now only 627 million. These are volatile investments and goes against traditional lower risk investments.
Yes there is definitely enough interest Adam. Thank you!
The latest number from the Federal Reserve's Survey of Consumer Finances -- one of the best surveys for measuring household asset holdings -- is that 12 percent of U.S. workers in 2019 had a traditional pension plan with their current employer. That figure actually includes both public and private sector workers, so the private sector number would be somewhat lower.
In addition, this is from the Brookings Institute: Across the U.S., nearly 24 million people-a little over 15% of the workforce-are involved in military, public, and national service at the local, state and federal levels.
The Federal reserve numbers include union tradesmen who get a pension from their unions.
Thank you Adam!
Imagine the pension funds are like FTX.
@@leeanderson2912 yup
@@leeanderson2912 from what I observed being reported... To the tune of $500 million at risk
@@leeanderson2912 since then I have seen reports today online of $95 millions... Time will reveal all in due course.
@@leeanderson2912 from what I have observed about retirement investment fund, most people are going to be inadequately funded by the time they retire.... I am retired and like many my "retirement investments" yield very little return... We have been scammed out of any real returns because governments have focused on supporting their overspending and the corporate interests of the "too big to fail"... The masses had better learn how to live frugally and intelligently if life is to be at least reasonably comfortable.
Exactly! What’s the difference between an unregulated cryptocurrency exchange like FTX and unregulated, opaque, underfunded pension funds plundered by bankers and Wall Street?
A: The pension fund might get a bailout 🤷♀️
Sure. We would love to hear more. Also please cover 401k’s. Thanks
My Pennsylvania School Employees pension fund is VERY transparent and even during the COVID months and stock market reversal it STILL made a small profit, unlike many other public pensions. I breathe easy.
We would love to ask specific pension questions. Thanks.
I can only hope that our pension in Florida does move away from wasteful ESG companies.
Excellent interview, this could easily be a massive issue world wide going forward as pension companies need to deal with customers having been promised returns from a zero interest environment.
OMG, I had no idea.
The prospectus for a pension is now considered a "Trade Secret".
Wish this video would have covered where "Private Company" pension funds are invested. 50% of all S&P 500 companies have Private Pensions being issued to Many Millions of retirees.... We all know the Public/Gov pensions are at risk... What about Private?
Thank you
I coalesced and liquidated my pensions and 401ks -- paid the tax and penalty. Purchased farm land, irrigation infrastructure, water rights. Making annual income on corn and alfalfa. You can't print food. One of the killers is property taxes -- 70% of which goes to "schools" -- which translates into high-paid administrators, counselors, DIE staff and palaces (new Green Sustainable buildings). Florida / DeSantis is getting away from ESG because it is nothing more than political posturing and virtue-signaling -- it is not profitable nor sustainable in the world of physical reality. Also "get woke, go broke" is exemplified in Disney's demise and the downfall of other companies that follow a woke-agenda. I am doing what I can to convince friends and family members to take their financial future into their own hands -- do the heavy mental lifting -- then convert the pension assets into individually controlled investments. Being an adult means fully understanding that no one is coming to rescue you -- and that includes your state pension board of bureaucrats.
Bingo. You need to create your own financial podcast. Pure wisdom right here.
Thank you for sharing!
Thank you for the excellent service and presentation …..
I work for a Large Hospital Corp. It was a local Catholic Hospital and🎉 We Had a Good Pension system but when Aquired by the Bigger Corp they froze our Pension 15 yr ago? What ever we had at that point was all we wud get at Retirement. NO COLA. Switched to 403b. The Pension Funds are managed by TransAmerica Insurance so I'm hoping That will be well managed?
State auditors who "monitor" state pensions are as credible as police departments who "investigate" police impropriety.
They can audit all they want, what are these auditors going to do when the government is inflating away pensions? Slap the central bankers on the wrist? All pensioners will continue receiving their pensions but the kicker is that one check might buy them a couple cans of food.
Send the people to audit them.
@Godiya Nuhu That's hyperinflation. Cash in the bank becomes worthless while every financial asset goes up 1000x.
It would be absolutely great to have a follow up Q and A session with Ted!
No doubt there are massive Shenanigans being played with these underfunded pension plans. I think part of the blame can be placed at the feet of the Fed for keeping interest rates effectively at zero for the past 12+ years. Everyone from pension fund managers to people, like myself, that only had defined contributions (aka 401k’s) were pushed further out on the risk curve. So plenty of blame to go around here…oh do not forget about our bloated Federal government with an addiction to massive deficit spending.
I think it's regulatory looae rules and just dishonest or lazy financial nagers
Lazy financial managers
Dynmik: you nailed the key problem on the head-- the Fed caused this entire mess. By suppressing rates for so long they created TINA. There Is No Alternative-except risk on assets
You can’t depend on anyone but yourself! I strongly suggest you learn from Investors Business Daily and the CANSLIM system. William J O’Neil taught me how to make money buying the best stocks at the right time...and when to be in stock market and when to get out until the FTD arrives Read the book How To Make Money In Stocks by WJOniel.
In the UK, the conservative party, 3 yrs after the worst ever financial crisis in 2008/9, decided to reflate the housing bubble (primary financial/ retirement asset of Brits) with taxpayers money because 0.5% rates wasn't working. Prior to that they tried austerity, but threw in the towel. In 2015, they defied all the odds to win the general election with the feel good effect. Now that even more extreme housing bubble is bursting. I'm sick of people blaming politicians and central banks. Much of the shenanigans in the west could not happened with the tacit support of selfish/ short-sighted voters.
It also has to do with promising pensions that are far in excess of what the free market can afford to pay.
Raising taxes have not and will not fix the problem as the obligations are increasing exponentially due to unfunded part of public pensions and the rapidly growing retiree numbers due to the baby boomer generation.
In places like California, some cities have nearly half of tax revenues going to public pension obligations, so they cannot afford to pay any more taxes.
Then, most Californians cannot afford to pay more taxes as the great majority are barely able to afford expenses under the current taxation.
Raising taxes have already forced millions out of the state, including public pensioners, which has taking billions in taxes out of the state.
Further tax hikes will just force out even more people which will only further hasten the collapse of the entire state.
Would love to hear more from Ted. We need to develop pension advocacy. Thank you.
California teacher here and have some major concerns. Q&A...yes PLEASE!
Keep raising taxes on the people to pay for your pension!! Just hope people don't leave your state because of high taxes?? Good luck!!🤔
If results are measured against a performance benchmark, you can tweak the benchmark so results look rosy no matter what. So, results can always beat expectations.
The US has become 70% dependent on consumer spending alone to drive its economy. No longer employed in full-time jobs , w/ benefits, workers get caught between declining purchasing power and soring health care costs. Many workers additionally suffer under a global 'wage race to the bottom' as corporations seek the low cost supplier (wherever they may be off shore). The Middle class has become a "vanishing class".
"Pension envy" comes from the realization of the fact that government pensions are funded by the private sector i.e. tax payers, you and I who don't work for government. Private pension plans offered by businesses are practically non-existent having been replaced by 401k and similar plans. A key reason why people want to work for government is because they expect to have a secure retirement pension, not realizing and/or don't care that it's made possible by the private sector. If government pensions are bailed out it will be via massive money printing by the Fed, IF it decides to do so, in which case those pension checks will be ravaged by very high or hyperinflation. So pensioners will get their checks but good luck buying much of anything with them, look at Venezuela as a preview of what's to come.
Please have Ted back on for a Q and A about pensions.
WOW, always wondered how pension funds were investing our funds.
The FTX is very small potatoes compared to the $ in pension funds and the # of people that could lose a large % of their income.
AMAZING INFORMATIONS ADAM
You just scared the crap out of a lot of people who rely on pensions, but I once heard that public pensions (at least in California) are guaranteed by the taxing authority of the public jurisdiction with potential Federal help. It's likely that there will be bailouts as pension systems recover from losses. This could be a gap bailout. A pension system's portfolio may be down now, but in 5 years the situation may look much different and possibly much better.
This should scare the crap out of you. They are investing in high risk ventures that are only one step below venture capital. They could make a lot of money or lose a lot. In our current Fed tightening, most balloons will deflate and the riskiest the worst.
Looks like this won't seem like a problem for years until one day, it explodes in everyone's faces.
Isn't the ESG BS part of alternative investment options? Wrong for him to criticise the Gov of Florida who is right & will be proven correct to criticise companies going woke & to not invest in them
Agree
Thanks guys. Can you discuss private pension and how they compare to public pension activity?
You are both doing the right thing. Unfortunately people won’t care unless it happens to them. And I’m hearing they won’t find out why but just want the bailout. It would be interesting have n expert that could break down the US budget as some argue that the bailouts are minuscule to areas like defense. Thank you so much!
The people that do not will (lie to themselves) anoint the broke pensions and will shift blame on MAGA, trump and other scapegoats
6+ figure public sector pension funds = broke
Thanks
1. Where can we go to research specific pensions plans?
2. YES!
3. Please provide a live Q&A for Robert in the future! 👍
@@leeanderson2912
1. Thank you, Lee!
2. I’m presently 100% capitalized in rental real estate.
3. In 2023, when I’m able to, I will do as you suggest.
4. I’m thoroughly knowledgeable about real estate, but I need to pursue more education about precious metals.
5. Thanks! 👍
So what I'm hearing is the finance industry is under regulated , but if you suggest regulation , many say that makes it worse , too bad there aren't more honest people in finance and everywhere else for that matter
Yes on a Q&A with Ted.
Can Ted come to British Columbia, Canada and conduct an audit on the MPP?
Thanks Adam. I would like to see a Q&A with Edward.
I will look forward to an Q&A session.
It’s really strange this is not headline news. I’ve heard Ted before, very worrying. I am self inventing my pension.
How is it strange the fact that you still watch the news now that's strange... look at social security that's just a ponzi scheme.
Yes please and thank you both. Husband rec both LA City Fire and PERS from Ca. We knew PERS was in big trouble for years.
Please invite this guest again. Included more detailed indepth questions.
Great information.
I am an independent financial advisor who helps and works with CalPERS and CalSTRS employees that are still working and some who are planning to retire. I tell them and show them documented proof how underfunded their pensions are. CalPERS has within the last couple of years have forced their employees to start contributing to their pensions based on their gross bi-weekly income. According to my research, California pensions are 40 Billion Dollars in unfunded liabilities. Second only to Illinois.
Great video thank you.
Very insightful!
How about pension plans in private companies? Others Like 403B or 401k?
Really appreciate this. I sent it to two people who I know are getting ready to retire on public pensions.
Like to hear more from Ted on Pensions.
18: 50 how can they call the prospectus an insider document 😒
CalPERS is about $1.5T in the tank. Now they want to only invest in green investments. As a CalPERS retiree, I'm very concerned.
Excellent 👌. Thank you 🙏
ny pensions say they are 100% funded but only have 10 years worth of funding at any given time and they have to pay out for 60+ years (20 year old workers will live until 85ish?). That is IF the stocks they invest in do well over the next 10 years....if we had sideways markets growing at 3-5% each year then the funds would have only 7-8 years worth of payments but they tell the taxpayers and union workers they can pay out for 65 years.....
ESG stocks have been getting killed this year.
I am wondering how much of this is caused by politicians promising high unrealistic pension benefits without consideration of the funds ability to perform, forcing them to take more risk. This could be a "chicken/egg" type scenario? Just wondering if that could be one part of the many problems?
Even the most successful fund managers cannot maintain the consistent returns that were promised. They promised far more than the free market can afford to pay, so of course they were unaffordable from the start.
@@yayhoo8848 You are exactly right. You need at least a 10 percent rate of return year after year to pay defined benefit plans minimum
Yep. They gave free pensions that they can now not afford to pay
@@ReverendSnedley They didn't steal the money. They just promised benefits and pay that were never affordable to the tax payer. A LOT of tax revenue goes towards pay for these pensions and medical care for public employee retirements. In some cases it's as high as 50% of tax revenue.
The german pension system is that the current workers have a deduction from their salary which is payed out to the current retirees. Todays Raito is 2 workers pay for 1 retiree and the ratio is getting worse. So there are obvious problems but they are different to the USA. This is a very rough outline and there are some exemptions e.g. the doctors have their own system but most of the german fall under the state driven contriubution financed system. There is a discussion to lift the retirement age from 67 to 70 to some kind of stabilizing the system.
What the guy in the interview says on Germany is absolut bs. Until that moment I believed what he is saying on US was right, now I am in doubt
I would imagine put writing is a big with pension funds which in effect means insurance against declines is cheap. How does that distort stock valuations? If my car insurance is cheap, I buy more of it and drive recklessly. If coverage is too expensive and I forgo it? I drive carefully.
No one talks about this,thanks!
!
This is something rich people harp on to make working look like thieves.
The real problem with "Fund or Money Managers" is this: Having a job and having integrity just isn't appealing to their basic criminal nature that economics and money management attracts. Basically the job itself draws psychopaths like a moth to a flame and just making a living and putting in your 40 hours is no good for these guys, it's always about the gamble with other people's money to make themselves rich. My guess, there is never enough for them because it's in their nature, like a gambling addict, to keep playing the game and doubling down. Now, I'm not saying they're all psychopaths, I'm saying the majority of them are and mostly because they know exactly what they are doing and they are beaming with pride about their devious work. Get them all in a room and they clink glasses, high five, laugh and smile about the lies they tell to line their pockets, the pride they beam in the deception they weave that's dupes the sheep of their money. So, again, the basic problem is that these offices are infested floor to ceiling with degenerate criminals by nature with severe gambling addictions, who get high from the big money game, not only couldn't they just work a job for a living with integrity, they would do everything possible to avoid every having to do that. Even if they where forced to earn money by a work a day job, they would gamble their very first paycheck in order to try to get back in the game of deception for riches. Every single house that manages money or investments or any form of making money by gambling other people's money is full, to the rafters, of the psychopathic, gambling addicted, deceitful, hateful human beings. Good people never last and their laughed at by the demonic economist and this goes all the way to the top, a stinking rotting pile of feces all the way to heaven itself. Yeah, yeah, here comes the self justification, don't bother. Don't ever put your money in anyone else's hands, NOT EVER. When your money is "held or invested" by someone else, you accept all the risk so they can make a living bleeding profit from the fruit of your labour while they laugh at you for being a chump. Take all your money out of everything, buy Gold and Silver and hide it in your possession, if ever the Gov comes looking for it, they can F*&K off, you don't what they're talking about. "Oh, right that Gold purchase, well, Hookers and Blow, don't I get a check my terrible disease from the Government now"? If you don't like that one then come up with another one, spent, gone, traded to a pawn shop, whatever, prove it. They will only come looking under a Demonic order, they don't deserve the fruit of your labour and they have no right to it, as well, they have no right to your free agency, NONE, so, don't feel bad deceiving the deceiver to protect your own good works.
Brilliant insight !!
Thanks you. Awsome information - but sickening. Everyone should be aware of this!
Unbelievable. I was being charged huge fees to lose money at one of the largest investment companies, starts with an F and ends with a Y. Moved me from producing funds into their own funds to lose money. Go self managed, or actively managed, and take responsibility for YOUR money.
Fascinating.
Q and A would be very beneficial !!.