Your Survival Guy

Preparing your investments and family for when disaster strikes.

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Your Retirement Life: Thank You EJ from Kodiak, Alaska (Part II)

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You may have read about my client Dr. Lee earlier this week, how we’ve been working together for 16 years, and the story behind the homemade “Thank You EJ” sign in the picture. I want you to read his response to my post and share it with everyone whose financial security you care about. Part of my effort on your behalf is to help you avoid inertia, get into the compounding game, and always be prepared for the worst. Always think about your risks first and realize the success you and your family deserve. It’s that simple. Here's what he wrote: Well said. Hope people listen. It’s not … [Read more...]

Northeast Bomb Cyclone Lashing New England

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Last night a "bomb cyclone" hit New England, causing winds up to 90mph and setting low-pressure records for October. [Observed Wind Gusts] It was a wild night with wind gusts up to 90 mph in Provincetown #MA! Here is a map of other observed wind gusts across #RI #CT pic.twitter.com/f6ozxZ3tgE — NWS Boston (@NWSBoston) October 17, 2019 Weather.com reports of the storm: A bomb cyclone lashing the Northeast has left over a half-million residents without power, downed numerous trees and set new October low-pressure records. The intense storm has left over 550,000 customers without … [Read more...]

Boston Pulls $248 Million from Fisher Investments

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The city of Boston's pension board will join Philadelphia and the state of Michigan in divesting from Fisher Investments reports Bloomberg's Janet Lorin, writing: “Boston will not invest in companies led by people who treat women like commodities,” Mayor Martin Walsh said in a statement Wednesday. “Reports of Ken Fisher’s comments and poor judgment are incredibly disturbing.” The city’s pension board will pull $248 million. Fisher Investments is seeing a growing backlash since the firm’s founder made offensive comments about women, spoke of genitalia and then failed to immediately … [Read more...]

Deep State Fears: Taibbi “We’re in a Permanent Coup”

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I've followed Matt Taibbi's career for some time. One of his best lines was about Facebook, which he called "a giant blood-engorged tick hanging off your frontal lobe." Taibbi is no conservative, at least not from what can be deciphered from his writing, so his recent endorsement of the idea that the Deep State is after President Trump takes on all that much more seriousness. He writes: I’ve lived through a few coups. They’re insane, random, and terrifying, like watching sports, except your political future depends on the score. The kickoff begins when a key official decides to buck the … [Read more...]

Doing Business with Fidelity (Not Schwab)

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Yesterday Schwab reported third-quarter earnings. During the three months ending Sep. 30, the e-broker made 70 cents a share up from 64 cents a year earlier while revenue increased $132 million to $2.71 billion. Guess where the money was made? “For Schwab, net interest revenue made up 60% of overall revenue during the September quarter,” reports the WSJ. Do you know what net interest revenue is? It’s when Schwab lends your cash out, keeping the profit for itself. “Schwab and other e-brokers make a significant portion of their profits by sweeping cash daily from customers’ brokerage … [Read more...]

Is Anti-Gun Kingpin Michael Bloomberg about to Run for President?

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According to a report by CNBC, former NYC Mayor Michael Bloomberg, one of America's wealthiest and most vocal gun control advocates, could run for president if Joe Biden drops out of the race. Brian Schwartz reports: Mike Bloomberg might end up running for president, after all. Bloomberg, the billionaire former mayor of New York, has indicated to associates in recent weeks that Joe Biden’s recent struggles against Sen. Elizabeth Warren are making him rethink his decision to stay out of the 2020 Democratic primary. That’s according to people familiar with the discussions who spoke on … [Read more...]

Your Retirement Life: Our Cabin on Kodiak, Alaska

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I’ve been working with Dr. Lee for 16-years. He was only 53 when he became a client. Even back then he was the millionaire next door. But for about two weeks of every month, he doesn’t have any neighbors. That is unless you happen to have a cabin on Kodiak Island, Alaska. Even then you probably won’t see each other. Overlooking the water, his cabin is a fly cast away from world-class King Salmon fishing. He loves to fish. He also loves to share his knowledge and to keep learning. Before he retired he would sharpen his professional axe teaching university students about oral … [Read more...]