$ WEALTH BUILDING POWERS

by Powers Investments Management, LLC April 1, 2019
FINANCIAL LITERACY

FINANCIAL LITERACY IS JUST NOT THAT COMPLICATED – TRUST ME!

It is estimated the lack of financial literacy, cost Americans ~ $300 billion in 2018, or three Bill Gates’ fortunes. While financial literacy is not rocket science, 63% of Americans are considered "financially illiterate."  People who are financially illiterate have difficulty applying financial decision-making skills to every day real-life situations.  SO WHAT EXACTLY IS FINANCIAL LITERACY? Financial literacy is understanding all aspects of money, such as: taxes, savings, paying bills, retirement, budgeting, paying for ...

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by Powers Investments Management, LLC March 25, 2019
FINANCIAL LITERACY

DO YOU WANT TO FINALLY STOP PAYING FOR THE RACIAL WEALTH GAP?

In his January 1964 State of the Union address, President Lyndon Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.”  In the 50 years since that time, U. S. taxpayers have spent over $22 trillion on anti-poverty programs. Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all U.S. military wars since the American Revolution.  Progress ...

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by Powers Investments Management, LLC February 25, 2019
INSURANCE AND ILLNESSES

A FINANCIAL PLAN FOR LIVING WITH CHRONIC ILLNESS (PART 1 OF 3)

The US Health Care system is a mess.  This blog attempts to help you understand how to navigate our patched together health care system, for those with serious health problems and expenses.   Over 133 million Americans or about 40% of our population suffer from a Chronic Illness with about 81 million having multiple conditions. A chronic disease/illness as defined by the U.S. National Center for Health Statistics, is a disease lasting three ...

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by Powers Investments Management, LLC February 18, 2019
FINANCIAL LITERACY

SO YOU GOT A HUGE TAX REFUND – NOW WHAT?

Approximately 76 million or 44 percent of Americans paid ZERO federal income tax in 2018.  For the rest of us, about 70% will get a refund. Keep in mind because your tax bracket was most likely decreased for 2018, your refund will be smaller than 2017’s refund.   WHAT YOU CAN DO WITH YOUR REFUND- TO GROW YOUR NET-WORTH PAY OFF HIGH INTEREST DEBT If you have credit card debt, this may be a perfect use for your tax ...

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INVESTMENTS

DID YOU BUY, HOLD OR SELL IN OCTOBER – WHILE THE MARKET LOST $2 TRILLION?

Many investors both institutional and individuals sold in October 2018. What about you? I am not smart enough to guess the best time to get out and return to the market, so I held my positions. I have survived numerous corrections, like this October 2018, where I lost significant PAPER Net-Worth. BY recognizing my inability to time the market and just sit still, my Net-Worth increases most years. Taking No Action ...

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