1.

Markets are plummeting. Now what?
What has happened in the past?
Our fireman is The Fed. And actually, The Fed is also the fire starter.
Wait for it;
The Fed steps in soon and stops the tightening and rate increases. By the end of the year, expect more QE and rates lower again. When the only tool you have is a hammer, everything resembles a nail…

2.

As a financial advisor, what are you recommending? Go to cash? Ride out the storm?
Long term, real growth has to come from industry and revenue. Do you think the ESG industry has enough gas to power this engine (I like this metaphor)? Long term I would start changing my asset classes…

3.

We have never been down this financial road before. Don’t listen to anyone who thinks otherwise. It seems like we’ve had too many coincidences driving our economy into the ground. Our leaders aren’t dumb. What do they know that we do not? I am wary of everything these days…

4.

Old variable annuity contracts can charge 4% fees to your senior clients. Combined with mediocre returns, old VAs should and must be replaced if no income rider has been implemented. NestEgg Builders can help make the process easier for you. Contact us today. Seniors have paid enough!

5.

Inflation is a problem but a recession may soon be probable. Money gets tight in recessions. Tight money means bankruptcies and bond defaults. Stick with sound insurers that have a reputation of weathering storms. In NY we are lucky during tough times. NY State’s due diligence minimizes financial difficulties with insurers. I would keep selling in NY even if I have to sacrifice yield. Safety First; Yield Second…