1.

Crypto investors make money from the demand of future investors. Not based on earnings, revenue or potential growth. Solely based on future investors. Guys, this is called a pyramid scheme. Mr. Ponzi would be very proud…

2.

The Economy is slowing. Please do not trust any numbers coming from our government. Real jobs are being cut–Big time. We are gaining part-time jobs primarily. More bad news: this doesn’t mean inflation disappears. Buckle up for 2023!

3.

And — we are now dealing with “the mother of all yield curve inversions.” I like to call it TMOAYCI. Currently t-bills yield about 70bps higher than 10 year t-bonds. Recession is here and our central bank is still raising rates. Current market risks are all around us. Look for a safe harbor like a fixed index annuity.

4.

The Corebridge FIA product looks incredible right now. A first year cap of 10%+ that offers an annual 1.8% min. accumulation value. The product offers 3 crediting indices and has a 10% free withdrawal feature. No downside. 10% upside. 1.8% guarantee annually. partial withdrawals. 5 Year product. Good company. And up to a 4.25% commission. I would start selling this product for your senior clients very soon (see below).

5.

Interest rates are dropping currently. 10-year treasuries are down under 3.60%. Start seeing your senior clients about guarantees today. 2023 looks a little sketchy currently.

6.

“My parents left their villages in Greece to give us a better life and now all I want to do is live in a village in Greece.” — Everybody