CB

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#TimeToHunt

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@_weidai Try it and then you’ll know to delete the tweet

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@timstutzleglazr 🤡

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@SanderGoat85 👋🏼

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@SanderGoat85 You’ll be rethinking this tweet in no time

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@Canes Don’t curse!!!

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@BKHockeyTalk Soft

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@AU5T0N Nobody in the world listens more intently than those listening to this guy.

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@CHICOx58 No more Uncle Ben flashbacks finally paying off

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@garyboomer58 Ah yes- a nice $2M tip to Uncle Sam, well done.

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@Wings16Canes13 @NHL_Rosters Yeah PM is totally at risk here….

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@NYCMayor Feel the warmth of freedom at 78°!

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@PTPJacob You’re joking….

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@NYCMayor “Taxing the rich” raised ~$568M. Albany’s bailout covered $4B+. The math balancing this budget came from the state, not the wealthy.

AND your own comptroller says it’s one-time money that doesn’t fix the gap already projected to reopen by 2028.

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@disintti Thought your name was Lube. It made me laugh either way

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@TheBobFather72 Pin this tweet for the season. Thanks

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@fthinlttlefreak Oh ye of little faith

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Here you go—

Everyone needs cash reserves. But for affluent clients, whole life structured properly is far better than the alternatives, and far better than sitting on the sideline. You can have an opinion about that. But an opinion isn't the same as being right. Whole life isn't for everyone. But for the clients where it fits, it's hard to compete with.

“1. Almost never actually needed"

That's an opinion. The fact: Any portfolio generating retirement income needs a distribution strategy in downturns. Equities crater 35%. You need income. If you don't have a non-correlated bucket, you liquidate permanent losses. That's sequence-of-returns risk.

Your alternative? A money market fund earning minimal yield while your portfolio gets slaughtered. Laddered treasuries taxed as ordinary income and illiquid until maturity. Or cash earning nothing. None of them solve it as cleanly.

Whole life cash value does. Guaranteed, accessible, growing tax-advantaged. It becomes more valuable when everything else breaks. That's a superior solution.

“2. Expensive"

That's an opinion without context. The fact: You're already paying 2% annually in yield drag holding defensive bonds. Whole life structured properly costs less and solves the same problem.

Banks will lend 95% LTV against whole life cash values but significantly less against securities. They understand what that asset is. And the biggest banks in America are among the largest purchasers of PLI for their own balance sheets. If it's so inferior, why do they buy it for themselves?

“3. Pitched as a great investment (it's terrible)”

This confuses the sales pitch with the product. Opinion: It's a terrible investment. Fact: It's not an investment.

It eliminates behavioral panic-selling and sequence-of-returns risk. Compare it to what it replaces, not the S&P 500. It wins every time.

The criticism only works if you misdefine what the tool is supposed to do. It's not supposed to beat stocks. It's supposed to keep you from selling them at the bottom. It does. That's not an opinion.

And this doesn't even account for how it can be structured for UHNW clients to offset estate taxes and liquidity needs. That's a separate conversation entirely. But the fact that you can use it for that too? That's just another reason the "worst investment" opinion falls apart.

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@SteveWarneMedia @GraemeNichols @TheHockeyNews You guys are all clueless

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@pintosens This is why he left 🤡

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@mattlabelle This may be funnier