1.

Think of the trillions of dollars sitting in bank accounts earning less than 50bps. Savers have sat with their funds earning nothing for a decade. Be a hero and contact your senior clients on moving funds to a fixed annuity or Legacy Matters products. Some funds cannot be moved into volatile investments. Keep safe assets safe…

2.

Revenue Quadruples at Airbnb (WSJ headline)
I decided to check it out further: Airbnb’s revenue spiked to $1.3 billion this quarter but had a net loss of $68 mil So what do you think its Market Cap is? $10 bil? $5 bil? Nope. It’s $93 Billion! Price discovery is gone. And, this is not normal. Nasdaq is full of these monster stocks. Where do prices go from here? Can they really double? This is not reality so proceed safely…

3.

Partial withdrawals in annuity contracts could be used to diversify your senior clients. If they own a variable annuity, roughly 10% of funds could go into a higher fixed guarantee. Or a fixed annuity could be used to diversity into the market. Make sure you are contacting clients and utilizing annuity contract features. Of course, taxes should be considered.

4.

Fires throughout the Mediterranean. Over 92 fires in Greece alone. Now San Tropez and Israel? Who is lighting these fires? And why?

5.

These new fixed index products non-ny are getting so complicated. The features sound impressive and sophisticated, but trust me, they will all end up at the same point. But the new Integrity product that allows a 100% return of premium after 3 years is attractive to me. In 3 years, not one person knows where we will be. Clients get there original funds back. And the commission is 5.75% at lower ages. No questions asked. Now that’s insurance…