"It's A Scam"
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- Опубликовано: 4 мар 2024
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• 'It's All A Scam': Tom...
Social Security system is a “Scam”.
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WSJ
• Why Widespread Tech La...
Tech industry layoffs
• Recent layoffs are fue...
Layoffs in many industries
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Comparison of Reppond Investments, Inc.’s strategy to any stock market index is for illustrative purposes only. The volatility of the indices used for comparison may be materially different from the volatility of Reppond Investments, Inc.’s program due to differences in diversification and actual securities held by Reppond Investments, Inc. vs. the market indices. Different types of investments involve varying degrees of risk and there can be no assurance that any specific investment will be profitable or that you will not lose money.
Reppond Investments, Inc. does not make any representation that our strategies will or are likely to achieve returns similar to those shown in the performance graphs in this presentation. Reppond Investments, Inc. reserves the right to trade different funds within their strategies than those reflected in the models shown. You cannot invest directly in a stock market index, as these are unmanaged, broadly based indices, which differ in numerous respects from the specific portfolio composition. Dividends and income are included in the index returns. The S&P 500 is a trademarked term of the McGraw Hill Company, and index data was compiled from sources we believe to be reliable, however Reppond Investments, Inc. makes no representations or guarantees with respect to the accuracy or completeness of such data.
Past performance is not indicative of future results. Therefore, no current or prospective client should assume that future performance would be profitable. The historical performance results for indices and index funds used as proxies for indices are provided exclusively for comparison purposes only, so as to provide general comparative information to assist an individual client or prospective client in determining whether the performance of Reppond Investments, Inc.’s strategies meets, or continues to meet, his/her investment objective(s). It should not be assumed that any Reppond Investments, Inc.’s strategy would correspond directly to any such comparative index.
Different types of investments and/or investment strategies involve varying levels of risk. There can be no assurance that any specific investment or investment strategy (including the investment strategies devised or undertaken by Reppond Investments, Inc. will be profitable for a client's or prospective client's portfolio. All performance results have been compiled solely by Reppond Investments, Inc. and are from sources we believe to be reliable. They have not been independently audited or verified.
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Performance results of the strategies developed by Reppond Investments, Inc. do not reflect the impact of federal or state income taxes a client would pay on gains in a taxable investment portfolio.
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1st to comment! Social Security was originally called "Relief" and was meant as a helping hand or supplemental income during the Great Depression. Social Security was not designed to be a permanant public service or a retirement plan but it has evolved into such. There is also probably a good measure of people on Social Security who probably paid very little or nothing at all into the system. The civic debt has become all-devouring now...
Everything you said is correct. We have to get this fixed.
Thanks, Ben! Great coverage of where we currently find ourselves in our nation. Fiscal responsibility to soundness has long since disappeared in D.C.. I pray we as a nation can find true representatives who can reclaim it.
Another very informative video. It's always sobering to see harsh economic realities playing out. Sooner or later everyone comes to the cruel, hard realization that the job (and career) they have taken for granted may not last forever. Unfortunately, reaching financial independence is a rough task if you don't have long-term stable employment, or recession-proof skills that bring home plenty of bacon month in and month out - for decades. And as Ben points out the federal government is in the throws of a deadly debt spiral. Inflation continues and AI will replace many tech and white collar jobs. It's very important to develop skills in high-demand professions and enduring occupations. There just ain't no free lunch. The USA may be doing better than the rest of the world for now, but the federal debt may very well crush King Dollar. All you can do is control what you have control over and hope for the best. This reminds me of the late 1970's and the 1980's, except add $34 Trillion of debt, growing another $1 Trillion every 100 days. That's staggering and it's going to end badly - no doubt about it. Especially when the machines and robots take human discretion out everyday living. Central control looms large. People have surrendered control to technology and they've surrendered financial control to the government and central bankers. It's a grim reality. Enjoy the good times while they last. And keep a cardboard box in your office or cube so you can exit quickly with your personal scraps when the HR goons strike. It's a wicked bad day when that happens.
Thank you. Well said
So what can we do on a personal level to not be affected by this debacle? I can’t think of any thing to avoid the ramifications long term. I have zero debt but I depend on Social Security to get me through the day.
Great piece Ben! Thanks to Spencer for all the input also.
Great content as usual. I always enjoy the videos! Hows the new puppy doing?
Thank you.
The puppy is growing. 35 pounds. He is very sweet and teachable. 😄
What you said about robots and AI replacing people IS EXACTLY WHAT ANDREW YANG SAID WHEN HE RAN FOR PRESIDENT a few years back. EXACTLY. He knew it wd come (obvious as AI/tech evolves). He should have been president. Alas, the masses (incl the MIC) couldn't "see it".
Yes, he is a very smart man. Thanks for pointing out his quote.
Very informative .. thank you.
Thanks Jean
If they have money for Ukraine and Israel’s military. Then they should have money for any other purpose.
It’s rich to hear Tommy Tuberville talk about dysfunction in the government because he’s one of the major contributors and he profits from it. Thanks for all your work, Ben!
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Ben Reppond, please fund me an airline ticket, lodging and meal expense. I would "WAKE UP" your school class concerning this subject.
Tubb...erville doesnt ashtrays from a_sholes, he is an embarrassment as a Senator of my State of Alabama.