Showing posts with label Berkshire Hathaway. Show all posts
Showing posts with label Berkshire Hathaway. Show all posts

Sunday, July 31, 2016

D shill Joe Killian; "For Republicans in search of a party, try the Democrats"

"...I was shocked to be standing in the Wells Fargo Center, surrounded by delegates waving American flags..."

Warren Buffett owns 10% of Wells Fargo along with Joe and the N & R 

The thunderous applause within the arena — tears in the eyes of many delegates as they waved flags, veterans in the crowd saluting — was overwhelming.

What about the Sanders' delegate walk outs?

What about all the empty seats?

“Why this convention is better: It’s about loving America,” wrote Jonah Goldberg, the editor of conservative staple National Review on Twitter. “GOP convention was about loving Trump. If you didn’t love Trump, it offered nada.”

Establishment R = Establishment D

What the Democratic convention ended up doing masterfully, whatever you make of the party’s politics or goals, was to reach out to the middle — to unaffiliated voters, conservative Democrats, even disaffected Republicans embarrassed to have Trump as their standard bearer.

In their speeches, President Barack Obama and Clinton assimilated what was best, most bipartisan and appealing about former President Ronald Reagan: the hope, the optimism, the belief in America’s (already established and continued) greatness and exceptionalism.

To a convention center with masses of empty seats,
with local 'actors' hired to sit in some apparently,
which Joe Killian failed to report, as a reporter, 
which kind of makes him more of a 'Susan Ladd' non-reporter, 
but propagandist for News and Record owner Berkshire Hathaway
which is actively working to elect someone who violated our national security,
cheated to win the nomination and took foreign contributions to her foundation
in exchange for appropriated goodies from the State Department while Hillary was secretary

That spirit was nowhere to be found in Cleveland a week earlier.

Always and never are two words 
which should always be thought of as never to be said, 
which also includes "nowhere"

The Republican convention in Cleveland seemed largely a celebration of ...a coming-out party for the darkest, most paranoid, least nuanced sort of politics one can brew at home in a bathtub.

Not one mention of Bernie Sanders in Joe Killian's opinion piece

"The Democratic convention — with all of its tensions, missteps and imperfections — offered something else.

And it offered it to everyone."

Joe Killian

http://www.greensboro.com/news/government/elections/conventions/for-republicans-in-search-of-a-party-try-the-democrats/article_e480185b-a81e-5ceb-bc2e-f01c1eb1be82.html
.
.
From the comments;

The D's offered an unindicted criminal let off the hook by Obama's Justice Department and FBI.

The D's offered more of the same, including my healthcare deductible and skimming from Wall Street which you won't report, as you are a part of the establishment working for Warren Buffett.

No one went to jail in the aftermath of the financial crises Joe Killian, and you are openly rooting for the folks who let them off the hook.

Catch Eric Holder's speech?

How about Mike Bloomberg's? His news organization uncovered multiple crimes committed by most of the top bank executives and didn't report it, which benefited Warren Buffett which benefits you, who didn't report crimes currently committed while families in our community are being lied to on their monthly financial statements.



#writeinbernie

Saturday, June 25, 2016

The Greensboro News and Record's 401k Plan Fees; Looks like Warren Buffet doesn't practice what he preaches

Berkshire Hathaway owns BH Media, formerly World Media Enterprises Inc.
1314 Douglas St.
Suite 800
Omaha, NE 68102
Auditor EIN  47-0625816

Number of participants with account balances - 3,271

Net Assets as of 12/31/2013 - $137,137,524
.
.
Wells Fargo Stable Value Fund M

Expense Ratio 0.78%

Blended Yield (after fees) 1.08%

Warren Buffet's Berkshire Hathaway owns about 9.4% Wells Fargo,
which owns Galliard Capital Management.

http://www.galliard.com/tiaa-cref/galliard_SVM-P.pdf
.
.
http://www.brightscope.com/401k-rating/3010666/World-Media-Enterprises-Inc/15679990/World-Media-Enterprises-Inc-401K-Plan/
.
.
JPMorgan SmartRetirement 2050 Select (JTSSX)

The fund is a "fund of funds" that invests in other J.P. Morgan Funds (underlying funds)

Annual Report Expense Ratio (net): 0.19%

http://finance.yahoo.com/q?s=JTSSX

JPMorgan Disciplined Equity R6 Expense Ratio - 0.35%
JPMorgan US Equity R6 Expense Ratio - 0.54%
JPMorgan Core Bond R6 Expense Ratio - 0.40%
JPMorgan Growth Advantage R6 Expense Ratio - 0.80%
JPMorgan Intrepid America R5 Expense Ratio - 0.71%

Source; Morningstar

How can the Expense Ratio for the News and Record's employees be 0.19%, if the funds in the fund cost more?


A cost comparison of Target Date Fund Expense Ratios; 

Spartan® International Index Fund - Fidelity Advantage Class

Exp Ratio (Net) 0.12% ($1.20 per $1000)
.
.
Oakmark International I (OAKIX)

Annual Report Expense Ratio (net): 0.95%
.
.
Invesco International Growth R5 (AIEVX)

Annual Report Expense Ratio (net): 0.97%
.
.
Wells Fargo Advantage Growth I  SGRNX - 0.75%
.
.
Fidelity® Small Cap Discovery  FSCRX - 1.01%
.
.
Fidelity Spartan® Extnd Mkt Idx Advtg  FSEVX - 0.07%
.
.
Dreyfus Opportunistic Midcap Value I  DVLIX - 0.90%
.
.
Fidelity Spartan® 500 Index Instl  FXSIX - 0.04%
.
.
T. Rowe Price Equity Income  PRFDX - 0.66%
.
.
First Eagle Global I  SGIIX - 0.86%
.
.
Fidelity Spartan® US Bond Idx Advtg  FSITX - 0.10%
.
.
PIMCO Total Return Instl  PTTRX - 0.46%
.
.
Sentinel Government Securities I  SIBWX - 0.68%
.
.
Warren Buffett to heirs: Put my estate in index funds

After all of his Berkshire shares are distributed to charity, take the cash, Buffett says, and just buy index funds:

"My advice to the trustee couldn't be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's.) I believe the trust's long-term results from this policy will be superior to those attained by most investors — whether pension funds, institutions or individuals — who employ high-fee managers.

...Both individuals and institutions will constantly be urged to be active by those who profit from giving advice or effecting transactions. The resulting frictional costs can be huge and, for investors in aggregate, devoid of benefit. So ignore the chatter, keep your costs minimal, and invest in stocks as you would in a farm."

Warren Buffet

http://www.marketwatch.com/story/warren-buffett-to-heirs-put-my-estate-in-index-funds-2014-03-13
.
.
OUTSTANDING INVESTORS vs. CONSULTANTS

http://hartzman.blogspot.com/2015/03/outstanding-investors-vs-consultants.html

Monday, May 16, 2016

News and Record owner Warren Buffett announces the purchase of AAPL, whose business is now in decline

http://www.marketwatch.com/investing/stock/aapl

The stock is flat since 2012

"Dow Jones Industrial Average Rallies As Warren Buffett Reports $1 Billion Apple Inc. (AAPL) Stake..."

Wall Street moved higher on Monday, following a bruising week...


Statements by high officials are practically always misleading
when they are designed to bolster a falling market.

Gerald Loeb

Apple shares rose 1.6 percent to $91.96 after Warren Buffett's Berkshire Hathaway reported a stake worth about $1 billion in the iPhone maker.


Misconceptions play a large role in shaping history.

George Soros

http://www.ibtimes.com/dow-jones-industrial-average-rallies-warren-buffett-reports-1-billion-apple-inc-aapl-2369648

Why are rising financial markets in the best interests of whom?

Warren wants to stabilize the stock market to stabilize his profits
and the News and Record is going to help him do so,
as it is paramount to electing Hillary Clinton as President of the US

Is it hard to get entrenched economic and political leadership to understand,
if relative legitimacy depends on not understanding?


The electorate may not be as financially uninformed 
as much as the present moment, than the last 50 or so years
due to the aging of the population with the most investable assets
and the manipulation of information by the news industry
who merely acts as a propaganda arm of Wall Street at this point

Could a larger percentage of what you think you think,
be what some frequently suggest you think you think?


All that was needed
was an unending series of victories over your own memory.

George Orwell

Can thought be controlled by repeating positive messages
while underreporting negative, and vice versa?

Have financial markets gained after beating over-reduced expectations,
under-reported bad news or positively spun late afternoon press leaks?


Immaturity is the incapacity to use one's intelligence
without the guidance of another.

Immanuel Kant

A five year Dow chart showing a triple top;

http://www.marketwatch.com/investing/index/DJIA
Warren Buffett is trying to prevent the market from falling, in part to save his oil delivery via rail scam going.  Warren and Hillary are Wall Street.  Wall Street is for Hillary.  For Hillary to win, the market has to go higher into the election.

I believe the current political situation will create the most fcuked up market moves since...

The market wants to roll over, but Hillary and friends don't want it to, including the world's central banks and most who work in the financial etc... industries which depend on the easy flow of funds to lend to over indebted consumers.

If the economy tanks going into the elections, Hillary loses.

It's been fake since 2009, but this is the mostest to date.
.
.
Hence today's propaganda by the News and Record's Richard Barron, 
Hat Tip Billy Jones;

"...Now, millions of those people have repaired their credit, found jobs and want to own homes again. They’re colliding with Millennials, young people who are finding their first jobs.

More people can buy now, 
so buy now, or look into whether or not you can buy now

Both groups could represent more than 35 percent of all buyers by the end of this year, real estate experts say. That has meant rising prices and even bidding wars for some of the most desirable houses.

Bidding wars = scarcity = sense of urgency, 
compliments of Berkshire Hathaway's News and Record
for the benefit of Berkshire Hathaway HomeServices Carolinas Realty
among others owned by Berkshire Hathaway like Clayton Homes
and its financing arm

...sellers were eager to pay closing costs to sell houses, “but it’s becoming harder because the seller realizes ‘I’ve got three or four offers on my house. Give me your highest and best,’ ” said Chris Young, a certified mortgage planner with Benchmark Mortgage in Greensboro.

One of his clients was stunned recently when he lost a house to another buyer paying $4,000 over the list price.

Stunned, so buy now, or sell now, as prices are good

...Kelly Marks, who is secretary of the North Carolina Association of Realtors, said house hunting isn’t as easy as it has been in recent years.

“It is very demanding right now,” said Marks, who works for Remax of Greensboro. “We have a lot of people coming into the market and there’s a shortage of inventory for the first time in a very, very long time.”

According to every real estate agent in the world
the best time to purchase a house is right now

With “boomerang buyers” returning to the market and veterans back from deployment, competition for the best houses below $200,000 is tough.

Fortunately, rates remain around 3 percent. Lenders like Benchmark Mortgage can offer 100 percent mortgages to military veterans thanks to the Veterans Administration’s insurance on those mortgages. Loan insurance from the U.S. Department of Agriculture and the Federal Housing Administration also make it easier for mortgage brokers to find loans for all types of buyers.
Marks advises all of his clients to work with a mortgage broker, someone like Young, who can find those incentives and help them get qualified early for a mortgage.

“When you see a property come on the market that you like, be ready to make an offer,” Marks said. “You need to be prepared when you find the property.”...

...many “credit dings” that occurred as a result of the foreclosure crisis in 2006 and 2007 are “falling off the system.”

And that’s bringing millions back to the market.

...Marks cautions that buyers will need to balance urgency with patience.

...the goal is get into the home.”

http://www.greensboro.com/news/local_news/crash-and-yearn-guilford-housing-market-has-shortage-of-inventory/article_6d66248f-fd23-51ca-96c2-2b00f2f18bd8.html.
.
.
Billy Jones; "Housing Shortage: Maybe, Maybe Not?"

http://greensboroperformingarts.blogspot.com/2016/05/housing-shortage-maybe-maybe-not.html

Monday, January 18, 2016

What won't be read in the News and Record; "Members of Congress Demand Investigation Into Predatory Practices at Warren Buffett’s Clayton Homes"

"He walked them through Clayton-built homes on the lot, then into the sales center, passing a banner and posters promoting one subprime lender: Vanderbilt Mortgage, a Clayton subsidiary. Inside, he handed them a Vanderbilt sales pamphlet.

“Vanderbilt is the only one that finances on the reservation,” he told the women.

His claim, which the women caught on tape, was a lie. And it was illegal.

In minority communities, Clayton’s grip on the lending market verges on monopolistic: Last year, according to federal data, Clayton made 72% of the loans to black people who financed mobile homes.