Here is an article on fees built into purchases you make that just make you want to strangle someone. This is one of my pet peeves and when I see these things pop up I usually try to run as fast as I can the other way.
http://finance.yahoo.com/banking-budgeting/article/113142/most-annoying-fees-moneytalks?mod=bb-budgeting
Sincerely,
Coco
Wednesday, July 20, 2011
Sunday, July 17, 2011
Diversification
The key to managing your savings is diversification. Diversification is the spreading of you assets to ensure safety and security of the entire portfolio from the up and downs experienced in each asset class. In short, diversification is the thinning out of the peak and valley nature of certain investments. Diversification does not mean boring. It does not mean buying only stable small gaining assets. Instead, its the avoidance of putting all your eggs in one basket. At the end of the day, you diversify your assets so you have simple peace of mind that nothing will cause a dramatic change in your portfolio, that your savings are safe.
In my opinion, diversification should take place at each level of your savings. Its not just about investing in different stocks, its the spreading your assets in each pool of investments and should end up looking like a pyramid.
So think of a hypothetical amount of NET Savings (all your assets less all your liabilities). This amount of money should be spread out over several investment devices. I'm not going to stipulate at what percentage this breakout should be, but the more even you keep it, the more insulation you should typically have. If your savings are all in your house's equity and the value of your house drops 25%, well you just took a hickey to your whole portfolio. If you put it all into stocks and the market has a sudden drop of 5%, that is a lot of wealth to lose in one day. So think about all these different savings options.
1. Real Estate - This doesn't have to be just your house. You like fixing up houses? Consider a rental property. You like hunting and fishing, think about a ranch of sorts. You can also invest in REITs (Real Estate Investment Trusts) which is like investing in a stock of real estate type assets that pay a "dividend" based on the earnings of the trust assets on a regular basis.
2. Cash - I'm not a big proponent of sitting on a lot of cash as you risk inflation diminishing the value of your paper and earns essentially nothing, but keeping cash on hand for a rainy day is always a good strategy as it is your most liquid asset. Also think about splitting it over two banking institutions on the very off chance something happens to one of them. The FDIC (a government entity) insures your deposits up to a certain amount (I believe its a quarter of a million dollars) but why even worry about it. If you have cash sitting there, maybe you split it into different currencies. Think the dollar will tank with all this debt we have? Well, take some of that cash and put it into Euro's, Yen or Canadian Dollars. Should you need the cash its easily convertable and you insulated this asset class from significant devaluation.
3. Bonds - There are tons of bond types out there from US Treasuries, to municipal and corporate bonds. They each provide a different return on investment, tax strategies and relative safety which we can talk about more later, but at the end of the day, bonds are designed to pay you an interest rate for lending your money. It typically brings a lower return than you would find in other investment classes, but provides relatively more safety. One theory is that the closer you get to retirement, the more assets you should take from riskier stock assets and put more into "safer" cash flow earning bonds. Within bonds, you should diversify over different bond types should any one default (not pay) on their bonds.
4. Commodities - Commodities can be both tangible and intangible assets. Buy some gold coins or silver bars and stick them in a safe. Or buy future contracts on barrels of oil. The going theory with commodities are they are a safe haven during times of inflation as they are priced in currency prices (value of the dollar goes down, you lose value in your cash, but the price of gold goes up) so they are a good hedge against inflation. Additionally, tangible assets give you some comfort during extreme liquidity crises. A commodity is just a good that could be bought and sold and can range from cotton to pork bellies to copper to gasoline. At the end of the day I believe the most positive reason for owning commodities is to protect from inflation.
5. Stocks - Most people think of this first when you hear someone talk about investments. There are countless strategies to own stock. You can buy a share in a single company or you could buy a share in a mutual fund which is a grouping of many stocks. When it comes to diversifying your stock portfolio, my only recommendation is that you purchase several different companies or a few different funds and you focus on multiple different industries. For example, you are not really diversifying well if you buy five different stocks or 3 different funds, but they are all financial institutions. Think about spreading the wealth over several groups such as consumer staples, defense companies, health care, etc.
There is no right answer when it comes to diversifying your assets. There are many more investment opportunities than those listed but the point is you should mix it up a little bit. Spend some time to understand the pros and cons of each class and then proactively develop and execute a plan to diversify over several investment tools. At the end of the day you want to be able to sleep easy knowing that your savings are safeguarded to the best of your ability. Additionally, in taking part in this activity on a regular basis, it allows you to take stock (no pun intended) of your portfolio and act as a catalyst for your continued task of building your wealth.
Sincerely,
Coco
In my opinion, diversification should take place at each level of your savings. Its not just about investing in different stocks, its the spreading your assets in each pool of investments and should end up looking like a pyramid.
So think of a hypothetical amount of NET Savings (all your assets less all your liabilities). This amount of money should be spread out over several investment devices. I'm not going to stipulate at what percentage this breakout should be, but the more even you keep it, the more insulation you should typically have. If your savings are all in your house's equity and the value of your house drops 25%, well you just took a hickey to your whole portfolio. If you put it all into stocks and the market has a sudden drop of 5%, that is a lot of wealth to lose in one day. So think about all these different savings options.
1. Real Estate - This doesn't have to be just your house. You like fixing up houses? Consider a rental property. You like hunting and fishing, think about a ranch of sorts. You can also invest in REITs (Real Estate Investment Trusts) which is like investing in a stock of real estate type assets that pay a "dividend" based on the earnings of the trust assets on a regular basis.
2. Cash - I'm not a big proponent of sitting on a lot of cash as you risk inflation diminishing the value of your paper and earns essentially nothing, but keeping cash on hand for a rainy day is always a good strategy as it is your most liquid asset. Also think about splitting it over two banking institutions on the very off chance something happens to one of them. The FDIC (a government entity) insures your deposits up to a certain amount (I believe its a quarter of a million dollars) but why even worry about it. If you have cash sitting there, maybe you split it into different currencies. Think the dollar will tank with all this debt we have? Well, take some of that cash and put it into Euro's, Yen or Canadian Dollars. Should you need the cash its easily convertable and you insulated this asset class from significant devaluation.
3. Bonds - There are tons of bond types out there from US Treasuries, to municipal and corporate bonds. They each provide a different return on investment, tax strategies and relative safety which we can talk about more later, but at the end of the day, bonds are designed to pay you an interest rate for lending your money. It typically brings a lower return than you would find in other investment classes, but provides relatively more safety. One theory is that the closer you get to retirement, the more assets you should take from riskier stock assets and put more into "safer" cash flow earning bonds. Within bonds, you should diversify over different bond types should any one default (not pay) on their bonds.
4. Commodities - Commodities can be both tangible and intangible assets. Buy some gold coins or silver bars and stick them in a safe. Or buy future contracts on barrels of oil. The going theory with commodities are they are a safe haven during times of inflation as they are priced in currency prices (value of the dollar goes down, you lose value in your cash, but the price of gold goes up) so they are a good hedge against inflation. Additionally, tangible assets give you some comfort during extreme liquidity crises. A commodity is just a good that could be bought and sold and can range from cotton to pork bellies to copper to gasoline. At the end of the day I believe the most positive reason for owning commodities is to protect from inflation.
5. Stocks - Most people think of this first when you hear someone talk about investments. There are countless strategies to own stock. You can buy a share in a single company or you could buy a share in a mutual fund which is a grouping of many stocks. When it comes to diversifying your stock portfolio, my only recommendation is that you purchase several different companies or a few different funds and you focus on multiple different industries. For example, you are not really diversifying well if you buy five different stocks or 3 different funds, but they are all financial institutions. Think about spreading the wealth over several groups such as consumer staples, defense companies, health care, etc.
There is no right answer when it comes to diversifying your assets. There are many more investment opportunities than those listed but the point is you should mix it up a little bit. Spend some time to understand the pros and cons of each class and then proactively develop and execute a plan to diversify over several investment tools. At the end of the day you want to be able to sleep easy knowing that your savings are safeguarded to the best of your ability. Additionally, in taking part in this activity on a regular basis, it allows you to take stock (no pun intended) of your portfolio and act as a catalyst for your continued task of building your wealth.
Sincerely,
Coco
Sunday, July 10, 2011
Do things your self
When I was growing up I think my family violated every child labor law on the books. I spent the majority of my youth doing chores and yard work (when I wasn't playing with Teenage Mutant Ninja Turtles or my Star Wars action figures). I would wash the cars, trim trees, pick up dead oranges (we had sixty orange trees in our back yard), do laundry and help mop the floors, spray weed killer and help with any other house maintenance. I could have used an "etc." for that last line, but I really wanted to stress the nature of many of my weekends - they sucked. At the time I just wanted to hang out with the neighborhood friends or play some computer games (this was pre-puberty so girls weren't really on the radar).
After having graduated from college and living by my own means, however, all those torturous things turned out to be a great lesson on how to do things your self. Each one of those tasks my family could have afforded to pay someone else to do. But like everything in life, there is always an opportunity cost and you have to manage your priorities. While back then I would have easily shifted my priorities to watching X-Men cartoons on Saturday morning, it was clear to see that my parents valued my sheer misery.
Looking at my life now, there are so many things I could (and sometimes do) pay others to do. Much of that comes with home ownership, but the point is that we all can be more self sufficient. Take for example, washing your car. For 25-30 minutes of work you can probably do it yourself at home or take your car to a self-wash car wash. Either way is going to cost you about $4 or $5 but more often than not, your car will look even better because you tend to put more pride into your things than others do. If you factor in the time it takes to drive your car to a car wash and wait for a team of guys to wash it for you, you are really only actually saving maybe five minutes. Sure you avoided manual labor, but that time is still shot and you just spent $20.
Another example is simple home repairs. I'm no handy man by any means, but I can spot things I can do around the house myself. Recently a put in very simple flooring in part of my attic. It took maybe a FULL day of work though I spread it over several different times. To do the same work, I had received a quote from a contractor for over $500 dollars. When we first moved in I painted the room in our house we wanted to change colors. This was a fun activity for my wife and I to do together (I still got stuck doing it myself) and though painting can take you a lot longer than a pro, again you can save hundreds of dollars. Its simple, time consuming work that involves patience and effort, but you CAN do it your self. There are many other types of home repairs that may be needed maintenance or could be just sprucing up your home and adding value (like changing your door hardware or touching up dents in your wall.)
At some point I really would like to have maid service. If only once or twice a month, it is not terribly expensive and would save a lot of time. However, that time is not now. With our smaller sized townhouse, it is not difficult for my wife and I to knock out most of the household chores (laundry, vacuuming, dishes, cleaning toilets, etc.) in a few hours on a Saturday. My mother lives in a house four times our size and still maintains it herself. Again its a simple question of what is that saved money worth to you.
Some other expenses that could be cut out:
1. Hair cuts (only recommended for simple dews. My dad used to cut my hair and I looked 7 until I went off to college. But it is easy to buzz someone)
2. Washing your own dogs
3. Ironing your own clothes instead of the cleaners (I have to be honest and note that this is my big pet peeve and one of the only areas I splurge on expenses)
4. Changing your own car oil, air filters, tires (basic car maintenance)
5. Cooking at home (spend a little time and cook at home a few nights a week, it saves a ton of money and you usually eat a lot healthier)
The point is that you can control a number of expenses in your daily life by simply putting in the effort. Most people value their time far too highly. I myself seem to piddle away half of my free time on random nonsense whenever I find it. By sucking it up and doing some of less fun but easier tasks in life yourself, you can really make room in your budget to do more substantial and meaningful things with your free time in the future. I challenge you to sit down and calculate how much you spend on these types of things each month or year and then make a list of what you could have done had you saved that money. You could invest it!
Sincerely,
Coco
After having graduated from college and living by my own means, however, all those torturous things turned out to be a great lesson on how to do things your self. Each one of those tasks my family could have afforded to pay someone else to do. But like everything in life, there is always an opportunity cost and you have to manage your priorities. While back then I would have easily shifted my priorities to watching X-Men cartoons on Saturday morning, it was clear to see that my parents valued my sheer misery.
Looking at my life now, there are so many things I could (and sometimes do) pay others to do. Much of that comes with home ownership, but the point is that we all can be more self sufficient. Take for example, washing your car. For 25-30 minutes of work you can probably do it yourself at home or take your car to a self-wash car wash. Either way is going to cost you about $4 or $5 but more often than not, your car will look even better because you tend to put more pride into your things than others do. If you factor in the time it takes to drive your car to a car wash and wait for a team of guys to wash it for you, you are really only actually saving maybe five minutes. Sure you avoided manual labor, but that time is still shot and you just spent $20.
Another example is simple home repairs. I'm no handy man by any means, but I can spot things I can do around the house myself. Recently a put in very simple flooring in part of my attic. It took maybe a FULL day of work though I spread it over several different times. To do the same work, I had received a quote from a contractor for over $500 dollars. When we first moved in I painted the room in our house we wanted to change colors. This was a fun activity for my wife and I to do together (I still got stuck doing it myself) and though painting can take you a lot longer than a pro, again you can save hundreds of dollars. Its simple, time consuming work that involves patience and effort, but you CAN do it your self. There are many other types of home repairs that may be needed maintenance or could be just sprucing up your home and adding value (like changing your door hardware or touching up dents in your wall.)
At some point I really would like to have maid service. If only once or twice a month, it is not terribly expensive and would save a lot of time. However, that time is not now. With our smaller sized townhouse, it is not difficult for my wife and I to knock out most of the household chores (laundry, vacuuming, dishes, cleaning toilets, etc.) in a few hours on a Saturday. My mother lives in a house four times our size and still maintains it herself. Again its a simple question of what is that saved money worth to you.
Some other expenses that could be cut out:
1. Hair cuts (only recommended for simple dews. My dad used to cut my hair and I looked 7 until I went off to college. But it is easy to buzz someone)
2. Washing your own dogs
3. Ironing your own clothes instead of the cleaners (I have to be honest and note that this is my big pet peeve and one of the only areas I splurge on expenses)
4. Changing your own car oil, air filters, tires (basic car maintenance)
5. Cooking at home (spend a little time and cook at home a few nights a week, it saves a ton of money and you usually eat a lot healthier)
The point is that you can control a number of expenses in your daily life by simply putting in the effort. Most people value their time far too highly. I myself seem to piddle away half of my free time on random nonsense whenever I find it. By sucking it up and doing some of less fun but easier tasks in life yourself, you can really make room in your budget to do more substantial and meaningful things with your free time in the future. I challenge you to sit down and calculate how much you spend on these types of things each month or year and then make a list of what you could have done had you saved that money. You could invest it!
Sincerely,
Coco
Wednesday, July 6, 2011
I Love this Guy
As I have included a link at the bottom of the blog for Yahoo Finance Breakout, here is their newest episode.
http://finance.yahoo.com/blogs/breakout/purple-crayon-save-world-120947133.html
I really enjoy the fresh points made by Jeff Macke and his unending wit is superbly entertaining. He's often one of my more trusted points for info because his level-headedness is a great compass to have when dealing the ebb and flow of these high tide markets. On top of that, he is a Jim Kramer type that I can actually stand listening to for more than two minutes.
I stongly recommend watching these clips on a frequent basis if you have any desire to understand the market forces at work on any particular day or week.
Sincerely,
Coco
http://finance.yahoo.com/blogs/breakout/purple-crayon-save-world-120947133.html
I really enjoy the fresh points made by Jeff Macke and his unending wit is superbly entertaining. He's often one of my more trusted points for info because his level-headedness is a great compass to have when dealing the ebb and flow of these high tide markets. On top of that, he is a Jim Kramer type that I can actually stand listening to for more than two minutes.
I stongly recommend watching these clips on a frequent basis if you have any desire to understand the market forces at work on any particular day or week.
Sincerely,
Coco
Tuesday, July 5, 2011
Who can afford to pay more taxes?
A few days ago, one of my favorite readers sent me a script of the following video that I have attached below, which I read and was quite interested about.
http://www.youtube.com/watch?v=FAtJaJf1mUI
Its Ben Stein, our favorite professor, clear eyes, and game show host ever squaring off against Laura Ingraham who was filling in for Bill O'Rielly.
I got pissed at both and here's why. Lauara Ingraham, or FoxNews's stance rather, is that spending cuts are the key to lowering the deficit and no tax increases are necessary. In raising taxes, you will stymie economic growth and consumer spending and that it's only in lowering taxes that will get people to spend again and increase economic conditions. Ben Stein goes on a tear at how the statistical data for this is hogwash...no...lets say crap and that those who are preaching this, while they may or may not be correct are simply pulling it out their A$$es. I've personally looked at the statistical and historical data he mentions and he is in fact correct. Moreover, he stresses that while he doesn't want to see taxes raised, he feels its the only way to lower the deficit enough, that budget cuts simply won't be enough. Again, I agree with Ben.
If you follow the stock market at all, you may have noticed that as we pulled out of the financial crisis, many companies increased their reported earnings by slashing costs and expenses, in turn increasing their net income. This was wonderful for a few quarters as analysts saw the belt tightening as the only ray of hope in a dismally clouded world. However, as time passed, this was not enough to protect stock values. At the end of the day, investors wanted to see revenue growth as the catalyst to better bottom lines. The top line shows the health of the business. The same is true for the government. No matter how much they slash, they can't cut enough to save us from an increasing deficit. Over several posts, I've talked about the drain entitlements are on this country. You can't just throw them in the trash overnight, people (the majority being seniors) depend on these services. Additionally, we've also discussed social demographics and how that can effect the economic state. With the baby boomers entering retirement, you are going to see another even larger strain on entitlements and social welfare programs. As a result, the government HAS to increase its revenue. Even if you cut spending and balance the budget today, you still need additional revenue to then pay off most of the...well...um....$14.5 TRILLION in debt and the $114 TRILLION in unfunded liabilities related to entitlements. To increase the top line, the government could sell federal lands and buildings (Yellowstone is overrated), supply arms to growing third world countries (because everyone wanted to play soldier as a kid) or they could RAISE TAXES.
Now I strongly believe that before you can raise taxes on hard working individuals, you have to have a HUGE show of good faith by balancing your budget, by making the tough choices, by sacrificing political ends to do the right things for the nation. This entire blog has been devoted to showing the need for prioritizing and finding a happy budget. The government needs to do this before I'd be happy to contribute a little more for the good of the nation.
On the flip side, what kills me is how everyone in favor of raising taxes thinks they need to target the wealthy. This is where I disagree with Ben Stein.
Per http://www.taxfoundation.org/news/show/250.html "The top-earning 5 percent of taxpayers (AGI over $159,619), however, still paid far more than the bottom 95 percent. The top 5 percent earned 34.7 percent of the nation's adjusted gross income, but paid approximately 58.7 percent of federal individual income taxes." The richest 5% of America may make 34.7% of the wealth but pay almost 60% of the taxes. AND YOU WANT TO TAX THEM MORE? Where goes the incentive of working hard, going to school, saving, entrepreneurship, business ownership? Everyone keeps saying how the rich need to pay more, that tax loopholes need to be closed for big business. Why is no one asking "Why doesn't everyone pay a fair share?"
As Shakespeare's Shylock from The Merchant of Venice notes "If you prick us, do we not bleed?
If you tickle us, do we not laugh? If you poison us,
do we not die? And if you wrong us, shall we not revenge?
If we are like you in the rest, we will resemble you in that." (Yes, I know this is the famous monologue of a persecuted Jew, but stay with me here)
So why is it that 50% pay NOTHING in taxes in this country? http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0&.v=1 You answer me that and we can talk taxing the rich. Because I contend that these people drive the same roads, go to the same schools, drink the same water, are protected by the same military and actually consume more in entitlement spending. So how is it that nearly 75 MILLION tax returns pay $0. I'm not talking about having more withheld over the year from your paycheck and getting a refund, I'm talking about not being charged a dime. Actually, getting money for nothing. Not a refund, just a check to live.
The wealth gap "fairness" was SUPPOSED to be addressed by make our tax system progressive. That means, you make more, you pay a higher rate, you get taxed at a higher tax bracket. You make less, they take a smaller cut. But you were still supposed to pay SOMETHING. You were still supposed to have skin in the game, be a contributing member of society, a "net positive". But now that's changed. Now almost 50% of taxpayers pay nothing. But we still talk about taxing the "rich" their fair share. They can afford it. I'm not even in that group and I think its a bunch of BS.
You talk to me about THOSE inequities, closing THOSE loopholes and then we can talk about raising taxes my friends.
Sincerely,
Coco
http://www.youtube.com/watch?v=FAtJaJf1mUI
Its Ben Stein, our favorite professor, clear eyes, and game show host ever squaring off against Laura Ingraham who was filling in for Bill O'Rielly.
I got pissed at both and here's why. Lauara Ingraham, or FoxNews's stance rather, is that spending cuts are the key to lowering the deficit and no tax increases are necessary. In raising taxes, you will stymie economic growth and consumer spending and that it's only in lowering taxes that will get people to spend again and increase economic conditions. Ben Stein goes on a tear at how the statistical data for this is hogwash...no...lets say crap and that those who are preaching this, while they may or may not be correct are simply pulling it out their A$$es. I've personally looked at the statistical and historical data he mentions and he is in fact correct. Moreover, he stresses that while he doesn't want to see taxes raised, he feels its the only way to lower the deficit enough, that budget cuts simply won't be enough. Again, I agree with Ben.
If you follow the stock market at all, you may have noticed that as we pulled out of the financial crisis, many companies increased their reported earnings by slashing costs and expenses, in turn increasing their net income. This was wonderful for a few quarters as analysts saw the belt tightening as the only ray of hope in a dismally clouded world. However, as time passed, this was not enough to protect stock values. At the end of the day, investors wanted to see revenue growth as the catalyst to better bottom lines. The top line shows the health of the business. The same is true for the government. No matter how much they slash, they can't cut enough to save us from an increasing deficit. Over several posts, I've talked about the drain entitlements are on this country. You can't just throw them in the trash overnight, people (the majority being seniors) depend on these services. Additionally, we've also discussed social demographics and how that can effect the economic state. With the baby boomers entering retirement, you are going to see another even larger strain on entitlements and social welfare programs. As a result, the government HAS to increase its revenue. Even if you cut spending and balance the budget today, you still need additional revenue to then pay off most of the...well...um....$14.5 TRILLION in debt and the $114 TRILLION in unfunded liabilities related to entitlements. To increase the top line, the government could sell federal lands and buildings (Yellowstone is overrated), supply arms to growing third world countries (because everyone wanted to play soldier as a kid) or they could RAISE TAXES.
Now I strongly believe that before you can raise taxes on hard working individuals, you have to have a HUGE show of good faith by balancing your budget, by making the tough choices, by sacrificing political ends to do the right things for the nation. This entire blog has been devoted to showing the need for prioritizing and finding a happy budget. The government needs to do this before I'd be happy to contribute a little more for the good of the nation.
On the flip side, what kills me is how everyone in favor of raising taxes thinks they need to target the wealthy. This is where I disagree with Ben Stein.
Per http://www.taxfoundation.org/news/show/250.html "The top-earning 5 percent of taxpayers (AGI over $159,619), however, still paid far more than the bottom 95 percent. The top 5 percent earned 34.7 percent of the nation's adjusted gross income, but paid approximately 58.7 percent of federal individual income taxes." The richest 5% of America may make 34.7% of the wealth but pay almost 60% of the taxes. AND YOU WANT TO TAX THEM MORE? Where goes the incentive of working hard, going to school, saving, entrepreneurship, business ownership? Everyone keeps saying how the rich need to pay more, that tax loopholes need to be closed for big business. Why is no one asking "Why doesn't everyone pay a fair share?"
As Shakespeare's Shylock from The Merchant of Venice notes "If you prick us, do we not bleed?
If you tickle us, do we not laugh? If you poison us,
do we not die? And if you wrong us, shall we not revenge?
If we are like you in the rest, we will resemble you in that." (Yes, I know this is the famous monologue of a persecuted Jew, but stay with me here)
So why is it that 50% pay NOTHING in taxes in this country? http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0&.v=1 You answer me that and we can talk taxing the rich. Because I contend that these people drive the same roads, go to the same schools, drink the same water, are protected by the same military and actually consume more in entitlement spending. So how is it that nearly 75 MILLION tax returns pay $0. I'm not talking about having more withheld over the year from your paycheck and getting a refund, I'm talking about not being charged a dime. Actually, getting money for nothing. Not a refund, just a check to live.
The wealth gap "fairness" was SUPPOSED to be addressed by make our tax system progressive. That means, you make more, you pay a higher rate, you get taxed at a higher tax bracket. You make less, they take a smaller cut. But you were still supposed to pay SOMETHING. You were still supposed to have skin in the game, be a contributing member of society, a "net positive". But now that's changed. Now almost 50% of taxpayers pay nothing. But we still talk about taxing the "rich" their fair share. They can afford it. I'm not even in that group and I think its a bunch of BS.
You talk to me about THOSE inequities, closing THOSE loopholes and then we can talk about raising taxes my friends.
Sincerely,
Coco
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