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The Masters of the Universe Align Themselves with CHINA Using YOUR Money?

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BlackRock now manages over $10 trillion in assets. Its funds are among the three largest shareholders in more than 80% of the companies in the S&P 500. In speaking about CEO Larry Fink, David Rubenstein, the co-founder of the private-equity firm Carlyle Group Inc. said, “Treasury Secretaries and finance ministers come and go. They work for someone else who can fire them tomorrow and have to build what others want them to. When you are the CEO of the biggest asset manager, you don’t have to do that.”

So when you become THAT BIG, doesn’t life get boring? What’s next? Another jet, or a bigger horse farm? You need something to get you out of bed in the morning. And so we have ESG investing (to gobble up more fees) and a partnership with CHINA. What damage is being done to America’s standing in the world when these “masters of the universe” sell us down the river?

The billions they manage in pensions gives them POWER. Do you really think the teachers, firemen, and police officers whose money is being thrown around like fried rice realize this? I’d guess no. Stay tuned.

Be Intelligent: Join Dick Young & Get My Friday Email

Action Line: Listen up. Sam Zell was on to something when he said on CNBC a few years ago: “I didn’t know Larry Fink had been made God.” Investing in index funds and ESG gives managers carte blanche to vote your shares any way they like. You invest, they win. Instead, build an investment plan that relies on owning individual stocks. If you need help, I would love to talk with you. In the meantime, if you’re serious about improving the safety of your family and your finances, but you need encouragement to break through the inertia of the daily grind that holds you back, click here to sign up for my free monthly Survive & Thrive newsletter. I’ll push you each month to move past what’s holding you back and achieve success. But only if you’re serious.

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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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