Your Survival Guy

Preparing your investments and family for when disaster strikes.

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“Take Cover! Get Out of the Market!”

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In my conversations and emails with you, you tell me about the many predictions being made for next year. As I wrote to you yesterday, one economist, who seems to be wrong at every turn, is calling for a major correction next year—predicting the stock market bubble will burst. Another manager up in Boston is calling for one, too, and has been for a while.

I’m not looking to pile on with criticism. But you may have heard another hedge fund guy on Fox talk about commercial real estate “opportunities” as if he’s talking up his book to dig out from losses. Whether it’s his book, a real book, or the company’s book, everyone’s got an opinion to sell with the hubris to boot.

When institutional players offer advice to buy, hold, or sell (a rarity), they always seem to be investing in some form of 60-40 stocks to bonds. Grabbing headlines is an injustice to readers because the message comes across as “take cover! Get out of the market!” Which is not what many are doing who actually manage money. The authors? Well, they can say whatever they want. They’re not in the trenches side by side with you. No boots on the ground, so to speak.

Be Intelligent: Join Dick Young & Get My Friday Email

The greatest tool you have as an investor is not what you invest in but how you invest. Do you have the Top 10 Investing Habits of the Fairly Wealthy, and do you know the Top 10 Investing Mistakes to Avoid? Successful investing, as my father-in-law Dick Young reminds me, is about “temperament, Survival Guy. You either have it, or you don’t.”

Action Line: Know thyself, dear reader. If you need a plan, I want to help. You don’t have to go it alone. When you’re ready to walk this road together, I’m here.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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