1.

I have determined we have found the symbol of the top of this stock market mania. It’s called a non-fungible token (nft). What is it you ask? NFT is mostly a digital file that can be a video, digital photo, really, anything digital. Mind you it can be copied and as we know, a digital copy is as good as the original. It’s the silliest financial term I have ever heard. And it represents our current financial mania. Too much money needs to find a home, which is why baseball cards and beanie babies have a market again. Too much money chasing too few items. When this market corrects, we all better have seat belts. It’s going to be a rough ride…

2.

“The economics of investing in bonds has become stupid.” This according to Ray Dalio. He’s right. This is why a fixed annuity makes so much sense. There is no volatility and your senior clients collect a fixed rate above current inflation and higher than CD rates. I love the 10% withdrawal feature which we can use to diversify into other current investments or guarantees at that time.

3.

We don’t make anything. We import everything. We pay people not to work. We punish entrenpreneurs for being successful. We vilify small businesses for making profits. We bail out millionaire airline CEOs after they spent most of their pre-covid earnings on stock buybacks. And regrettably, I have a grim outlook that it will get even worse. Where will we be in 25 years?

4.

For years, the NY fixed index products were subpar to the rest of the country. Not any longer. The US Life product offers your clients 90% of the return and pays savers 1% annually if markets are negative. It’s a product that offers nest eggs needed guarantees while giving some market upside. It’s not a money market account; it’s more like a market money account. The 10% withdrawal feature allows seniors to pay some expenses or just to diversify the funds. It’s a must for your senior savers looking for some “inflation” participation. Contact NestEgg for more answers.