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Dragflation
A combination of a dragging economy and inflation is Dragflation. But there are benefits. Our economy is dragging. With about 40,000 layoffs1 for 2022, the US recession is here. With these employee layoffs, more companies will announce more automation with robots and artificial intelligence (AI). We see this currently with Amazon Q2 earnings as they…
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Unicorn Layoff & Employee 401K IRA Rollover
The rollercoaster ride of being in a tech startup can be exhilarating. Employees all have a ticking desire to change the world with energy and buzz in the work place atmosphere. Although the ups are good, the downs have some rough turbulence on employees. Startups are like rocket ships, after a few booster engines the…
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High Earner Not Rich Yet (HENRY) 4 Financial Tips
Economic cycles come and go. The ups and downs are similar to trying to soothe heartburn. The ups and downs can be compounded when being a high earner and not yet rich yet (HENRY). HENRY’s usually make income from $100k to $300k. Although HENRY’s pay some of the highest taxes, there are ways to make…
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The Psychology of Investing
Keeping calm amid market turbulence. Join us on this webinar to discuss: What behaviors to watch out for. The impact they can have on your wealth. How to minimize the impact of emotions on your investments. Reach your financial goals with your mind at ease. At the end of the seminar, you will learn about:…
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Interest Rates: It’s a Question of Time
Remember Depeche Mode? You know the 80’s New Wave band? They blasted through the US charts. One of their iconic album’s was called “Black Celebration”. This album was a sensation. One particular song of interest from the album was “A Question of Time”. Lyrics: It’s just a question of timeAnd it’s running out for youIt…
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Mistakes Federal & City Employees Make Before Retirement
Big government agencies, cities and municipalities are becoming larger and financially unsustainable. Many jobs performed by humans are being eliminated. As an employee of a government entity, it’s important to insulate your retirement against the impending robot revolution. Here are 4 common mistakes before retirement to avoid: # 1 – Pension Equals Security The most…
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Top 401k to IRA Rollover Mistakes to Avoid
Every year people do spring cleaning at their homes. The cleaning is to sort, organize, get rid of things, and sometimes repair old items. Just like your house, financial portfolio reviews need to be done periodically. Although they are reviewed, there are common 401k to IRA rollover mistakes to avoid. Accumulating 401k’s The days of…
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Big Bank Financial Inclusion Myth
Big banks jump on the latest trends with the term “financial inclusion” for the masses. But, is financial inclusion from big banks a myth? Recent news from Wells Fargo shows quite the opposite of inclusion from Wells Fargo by eliminating revolving lines of credit of users borrowing $3,000 to $100,000. Although this is financial exclusion,…
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SEC Pops Greedy EB-5 Lawyers
EB-5 is quite popular here in the Los Angeles area. Most of the construction downtown Los Angeles is from Chinese EB-5 money. It definitely attracts multiple participants because of the money involved. Although there is big money to be made in EB-5, it is highly regulated and difficult to successfully do. EB-5 is a way…
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CFTC Imposes Monetary Penalty/Permanently Bars Garen Ovsepyan, Sharpe Signa and Haeres Capital
The CFTC ordered a monetary penalty and permanently bans Garen Ovsepyan, Sharpe Signa LLC and Haeres Capital LLC from the commodities industry. The ban was for misrepresentation of $145 million vs $15 million assets under management (AUM). Also, the forex trading advisor was not registered as a CTA and claimed a false exemption from AUM. …