Your Personal Bank with Ferenc Toth

Large IPO Prices Historically Drop Significantly after their Debut

IPO's over the past 45 years that debut above 40x sales underperform the market by 58% over the next 3 years. SpaceX IPO initial price was about 90x sales. The lower the price to sale ratio, the better the returns long-term. The top 10 largest IPO's price dropped an average of 35% in 6 months. IPO's tend to issue a the end of a bull market not when stocks are cheap. 70% of Bank of America's bear market indicators have triggered. Bank of America officially stated it is time to take profits. 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. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

The SpaceX IPO May be the Largest Insider Sell Event in a Decade

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. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

The AI Bubble is Showing Serious Signs of Cracking

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: 1. Double digit potential annual returns on good market years. 2. Grow your money safely, without market risk. Principle is guaranteed. 3. Once gains are locked in, they are guaranteed against market loss. You don't have to give up strong returns if you want guarantees. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Long-Term Bond Yields are Hitting Record Highs Worldwide

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 ferenc@yourpersonalbank.com [ferenc@yourpersonalbank.com] or 866-268-4422 for more info. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

FHA Provided Zero Down Mortgages to Non-Citizens During the Biden Administration

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: ferenc@yourpersonalbank.com [ferenc@yourpersonalbank.com] yourpersonalbank.com [http://yourpersonalbank.com/] 866-268-4422 See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.