Joseph Lombardi

speaker

429 appearances 1 recordings 1 series first heard Mar 2025 last heard Mar 2025

Joseph Lombardi’s voice in public audio — every appearance, attributed to the second.

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We see the stock market going up.

Do you know what people are making in index universal life policies documented over the last 20 years?

14.93% tax-free compounding.

I just told you the S&P is averaging like 7.5%.

That's not double.

That's quadruple because the S&P 500 is usually invested in what?

IRAs and 401ks.

That would net you about 3.5%, 4%.

This has been averaging 14.93% documented tax-free.

So you're talking about a 400% up.

When the market lost in 2022, which everyone has a short-term memory, like, no, the market in the last 12 months is up like 40%.

Cool.

2022, the market was down like 20-something percent.

My clients lost nothing.

So when you take a look at it, for every 1% you lose, if let's say you lose 50%, for every 1% you lose, you need 2% to break even.

And this is where people lose math.

And I know I'm long-winded.

I'll end with this.

If you had $100 and you lost 50%, you have $50.

If I gain back my 50% that I lost, I have 50% of 50, which is only $25, which means I have $75.

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