Your Personal Bank

New technology has created market bubbles throughout history. The technology changes, the times change, yet human behavior does not. The price of an asset ultimately is what someone is willing to pay for it. When there are not more buyers willing to pay the price, the correction starts. It is not about intelligence. It is about understanding the perceived value and what time it is. Sir Issac Newton made money in the Tulip Mania in the 1500's and got out. The prices continued to increase. He resisted reentering the market because he knew logically that prices were too high. Eventually, he reinvested near the top, then lost most of his money. The Climax Rally is often the final cycle of a bull market. Excitement and euphoria are at the highest. It is also the most dangerous and risky portion of a bull market. This the "Golden Era" of fixed assets. The best annuity products are available in my 26 year career! There are index annuities without caps that offer unlimited upside potential. They also protect against downside market risk. The principal is guaranteed.  Contact me at [email protected] or 866-515-6280 for more info.

UBS has stated that 60% of companies are greatly reducing their US Artificial Intelligence usage in favor of Chinese AI due to the reduced costs. Chinese AI costs are up to 95% less than US AI technology.  Benchmark tests are showing that Chinese AI is 80 - 95% as effective as US AI. It is becoming difficult for companies to justify the cost of US AI with the Chinese models nearly as efficient. AI related US stock valuations are priced for dominance of AI usage. If AI demand continues to decline due to high costs, this will likely cause the AI bubble to burst. Index annuities are a tremendous financial tool to continue strong upside gains if the markets continue to rise, yet protect against downside market risk.

The US Equity Market Valuation has hit the highest level ever recorded! This combined metric includes P/E, Forward P/E, Shiller P/E, EV/EBITDA, Price-to-Book, Price-to-Sales, Q Ratio, Return on Equity (RoE), and the Warren Buffett Indicator.  The US Equity Market Valuation metric has hit the 80% percentile 5 times since 1900. Each time this happened previously, US stock performance suffered underperformance for years. Warren Buffet quotes: - 1999: "Euphoria is the enemy." Dot-com crash followed. NASDAQ dropped over 70%. - 2026: "Worse than 1999." Same warning, different year. What happens next? Ferenc also shares a very special and personal 250th Independence Day message!

Inflation has increased for the third consecutive month. Historically, inflation happens in waves.    The recent Federal Reserve meeting was the first one with the new Chairman, Kevin Warsh. Following are the highlights:    1. Half of the Fed Governors projected a rate increase in 2026    2. None of the Fed Governors project a rate decrease.    3. The Fed has dropped forward guidance.   The stock market has priced in rate cuts. This could affect valuations negatively.   Less Fed info means more uncertainty. Increased uncertainty increases volatility.   Index products allow unlimited upside potential growth with no downside market risk. - No caps = unlimited upside - No and low fee options - 100%+ one year participation rates - Up to 29% signing bonus if you have a penalty to overcome   There are multiple index products with 10, 12, and even 15% average annual returns over the past 10 -20 years.

Apple went public in 1980 at 15X revenue.   SpaceX is scheduled to go public on 6.12.26 at 100X revenue. The market cap is estimated to be $1.5 -2.0 trillion valuation. This would be higher than Microsoft. SpaceX would be the third largest company by market cap in the US, behind only Apple and Nvidia.   SpaceX lost over $4 billion in Q1 2026. Total losses since founding have been over $40 billion.   95% of all SpaceX shares are held by insiders.   Typically, insiders are frozen from selling their shares for 180 days after listing to prevent the stock price from getting crushed.   SpaceX insiders will be able to sell 20% of their shares in 60 days. Several more chunks of shares will be unlocked for insiders.   By late November 2026, over 90% of insider shares would be unlocked for potential sale.   The median stock price on most large IPO's, including Facebook, Coinbase, and Uber, have lost over 50% of their stock price after one year. Many were leading companies in their space and "must-own stocks".    There may be a short-term speculative price increase due to the hype and interest around SpaceX. The valuation is extraordinarily expensive. Proceed with extreme caution.

Stock valuations have almost never been higher.   - The Buffet Indicator is at 233, the highest ever recorded. Market cap to GDP has never been higher.   - The Schiller Adjusted Price to Earnings ratio is the second highest recorded in 145 years. At current valuations, it would take over 40 years to recover the investment through earnings.    - The Bank of America Bull and Bear Indicator is screaming sell again. The past 17 times stocks dropped 2-20% the following 2-3 months.   Companies that have scaled AI are experiencing usage costs that exceed the employees they fired.    - Microsoft invested $5 billion in Claude AI and recently banned their engineers using it due to exorbitant costs.    - Uber blew through their annual AI usage budget by April 2026.   Chinese AI has massively dropped AI usage costs.   - Chinese AI can process about 80% of American AI functions.   - Chinese is up to 95% cheaper than American AI.   - This destroys the American AI profit model.   Tech stock valuations are priced for perfection. This could be the beginning of the end of the AI bubble.   Index (growth) annuities provide:  Double digit potential annual returns on good market years. Grow your money safely, without market risk. Principle is guaranteed. Once gains are locked in, they are guaranteed against market loss.   You don't have to give up strong returns if you want guarantees.

The bond market worldwide is in crisis.   The US 30 Year Bond recently rose to 5.2%, the highest since 2007. The UK 30 Year Bond is the highest since 1998. The Japanese 30 Year Bond is the highest level ever recorded.   The primary reason is debt in the western world is at the highest levels ever recorded. Due to the government spending, inflation is increasing in 27 of the 29 largest economies in the world.   Central Banks can impact short-term interest rates but have little affect on long-term interest rates. Expect higher interest rates until the western world gets debt under control.   Stocks and real estate tend to struggle with higher interest rates. Savings, CD's, dividend paying insurance policies, index annuities, and index universal life tend to thrive with higher interest rates.   Insurance companies heavily invest in bonds. When bonds pay higher interest rates, they are more profitable. Annuities and cash value insurance become more profitable.   This is the "Golden Era of Fixed Assets". Index annuities and IUL's are paying historic returns. This is likely to continue and even increase for the foreseeable future.   The best index annuity I have seen in my 27 year career was released recently by one of the largest, A+ rated companies. This annuity product has no fee options, no cap (unlimited upside), and industry leading participation rates. There is no downside market risk. Principle is guaranteed. Once gains are locked in, the gains become the new principle.   Historical average annual returns have been 10-14% for the past 10-20 years!   Contact Ferenc at [email protected] or 866-268-4422 for more info.

The Federal Housing Administration (FHA) recently disclosed that they provided zero down mortgages to H-1B visa holders and other non-citizens during the Biden administration. The Trump administration shut this down in June 2025.   FHA used programs designed to help low income US citizens purchase a home. Hard working Americans were getting screwed twice.     1. US taxpayers were funding homes for non-citizens.    2. US citizens were competing to purchase homes at a disadvantage.         a. The non-citizen did not have to contribute a down payment to purchase a home.         b. The citizen had to contribute a 10-20% down payment typically to purchase the same home.   This drove up housing prices, particularly in areas with high numbers of H-1B visa holders.     One of the best index (growth) annuity products has become available in my 27 year career!      - Multiple indexes with 9-11% average annual return indexes the past 10 -20 years.    - No downside market risk. Principle is guaranteed.    - Once gains are locked in, gains are also guaranteed against market loss.    - Can lock in gains at any time.    - A+ rated company.   Contact Ferenc for more info:              [email protected]              yourpersonalbank.com              866-268-4422

The S&P 500 has increased about 16% in the past month to a new all-time high.   The earnings have been strong. The recent unemployment numbers are phenomenal!   The economy is showing signs of strength, yet significant volatility remains.   Nearly every market measurement is at extreme high levels. Risk is highest at extreme levels.   Berkshire Hathaway cash is at an all-time high and has sold stock the past 8 quarters in a row.   Oil prices have swung down and back up about 10% in hours recently from news in the Middle East.   60 - 80% of Americans cannot afford the median house in their state.   Personal savings rates are the lowest levels since 2008.   The auto loan crisis continues to increase. About 30% of car buyers who traded in their cars had negative equity.   US Dollar offshore deposits have hit an all-time high. International demand for the US Dollar remains strong. The US Dollar as the world reserve currency is strong and strengthening further.   Long-term bond yields remain high and are likely to continue due to historic federal government debt. This creates an opportunity.   This is the "Golden Era" of fixed assets. This is the best time in 40+ years to consider an Index (Growth) Annuity, Index Universal Life (IUL), or Dividend-Paying Life policy.

Your Personal Bank TM is a financial concept that strategically integrates financial tools from the banking and insurance industries   to continue growth on funds even after you access the funds for other purposes.   Your Personal Bank TM is a two step process.   1. A high cash value policy is established to maximize cash growth, insured, with guarantees, income tax-free, and highly liquid.    2. A bank line of credit is typically established using the cash in the policy as collateral to access funds.   Typically, the interest or dividends earned are higher than the cost of borrowing funds. This creates positive cash flow on money that is spent! This is known as positive arbitrage.    You are able to earn interest on money spent each and nearly every year for the rest of your life. Positive arbitrage has typically been 2-3% annually for the past 40+ years. What if you earned 1-3% on money you spent each year? You would have significantly more money to live on for the rest of your life!   Why is this one of the best times to add Your Personal Bank to your portfolio?   Insurance companies invest heavily in bonds. Bonds are highly interest rate sensitive. Interest rates have increased at the fastest rate in the history of the Federal Reserve. Bond interest rates are 2-3 times higher than they were a couple of years ago. Insurance company profits are increasing as well. Dividends are profits of the company, therefore, dividends are expected to increase.   When the federal government spends more than it receives in tax revenue, it has to sell bonds to issue the currency. This is known as deficit spending. Also, the government does not pay down the existing debt. It sells new bonds at the current interest rate when the previous bond term expires to "roll over" the debt.     Deficit spending is at all-time record levels. The overall debt continues to increase $1 Trillion about every 100 days.    This is causing the federal government to sell record levels of bonds. And the amount of bond selling continues to increase. To entice institutional bond buyers to continue buying bonds, the government is having to offer higher and higher interest rates.   Until the federal government starts spending less than it receives to start paying down the debt, the upward pressure on bond interest rates will continue. Vanguard and others have recently predicted bond interest rates will increase over the next 5-10 years.   The federal government fiscal irresponsibility creates an opportunity.   You can invest in high cash value Your Personal bank TM policies that are insured, with guarantees, income tax-free, highly liquid, and likely to increase returns for the next 5-10 years!     I believe we are in for a chaotic year and a bumpy economic ride this year. It would be wise to protect your assets. Diversify. Reduce your risk. Reduce your tax liability. Increase returns safely. Increase liquidity to take advantage of future opportunities.