You know Your Survival Guy wants you to get your lazy cash off the couch. I don’t want it ruining your castle, eating all your cake, thinking it can have it too.
You worked too hard for your money. Returns on cash are OK, but then again, it was a bang-up year for stocks—not to mix up the pecking order of the house.
In my conversations with you, we discuss the changes in interest rates. We see the reductions at banks on CDs and the like.
While the royal Federal Reserve cut rates throughout the land, the people demanded more from the market-driven 10-year treasury.
You read here about Dick Young’s message about inertia. In one of my conversations this week, you said, “Inertia is a killer because I never know when to sell.” That is a problem that is magnified when you have your kingdom depending on just a few knights or stocks.
Wealth doesn’t need to be created overnight. When it’s done over time, you avoid some of the growing pains that can lead one to believe he’s king.
Action Line: Your Survival Guy’s been taking on the slings and arrows for all my working life. I know what it’s like on the field of battle. When you’re ready for my service to your royal family, let me know. But only if you’re serious. Email me at ejsmith@yoursurvivalguy.com.
