Turns out you don’t need to be young to be a success. As I wrote to you this week, there’s nothing wrong with being a beginner at different times in your life. Don’t just take my advice for it. Look at what this 93-year-old writes in the WSJ. No one has seen entrepreneurship help minorities improve their economic circumstances more than I have—and that’s not only because I’m 93. I saw the power of entrepreneurship firsthand after co-founding the Home Depot. My experiences led me to believe that preserving and expanding entrepreneurship is the key to advancing racial and economic … [Read more...]
RIP Jeff Beck
Rock legend Jeff Beck passed away yesterday. Rolling Stone's Daniel Kreps and Kory Grow write in Beck's obituary: JEFF BECK, THE blues-rock innovator and two-time Rock and Roll Hall of Fame inductee who revolutionized how the guitar is played, died Tuesday at the age of 78. Beck’s family confirmed the former Yardbirds guitarist’s death Wednesday. “On behalf of his family, it is with deep and profound sadness that we share the news of Jeff Beck’s passing,” Beck’s family said in a statement. “After suddenly contracting bacterial meningitis, he peacefully passed away yesterday. His family … [Read more...]
The Creeping Assault on Gun Owners’ Rights
Radical gun control activists, both in and out of government, are nothing if not persistent. After being soundly beaten time and time again in front of the Supreme Court, they continue to imagine new ways to hamper Americans' ability to exercise their Second Amendment rights. The city of San Jose has found a novel way to make the lives of law-abiding gun owners miserable. Zusha Elinson reports in The Wall Street Journal: Dave Truslow, a San Jose, Calif., tech-industry retiree and firearms instructor, recently started storing his collection of more than 100 guns out of town because he wanted … [Read more...]
GUN BAN: Illinois Empowers Its Criminals
Illinois just became less safe as the state’s legislators signed House Bill 5471 into law yesterday. From the NRA: House Bill 5471 bans many semi-automatic firearms that law-abiding citizens commonly own for self-defense, competition, and recreation, as well as certain spare parts for them, bans handgun magazines that can hold more than 15 rounds of ammunition, long gun magazines that can hold more than ten rounds of ammunition, and “combination[s] of parts” from which such magazines can be assembled, bans .50 BMG caliber firearms and ammunition, and expands the duration of the state's “red … [Read more...]
The Importance of a Balanced Portfolio
For the person who can handle the slow and steady road to wealth, the importance of a balanced portfolio cannot be overstated. In 2011, I coined the phrase “Sleep Well-esley at Night” to capture the safety first, survivalist manner of the balanced Vanguard Wellesley fund. It’s not an exciting fund. After all, close to two-thirds of the Vanguard Wellesley fund is in bonds. The rest is in stocks. The fund's performance over time is a testament to the power of a balanced portfolio. You can see in the chart above that during Vanguard Wellesley's long performance history, the fund has … [Read more...]
Did Americans Move Away from Mask Mandates?
If you thought mask mandates (expectations) were over, then check out what’s still happening across the country. Schools in blue states are once again ramping up the "expectation" (not mandate) that students will wear masks. In The American Conservative, Jeffrey H. Anderson explains how mask mandates may have affected where people have moved in the United States. He writes: Meanwhile, among the ten states that had the longest-lasting (in terms of total days) mask mandates—Hawaii, Connecticut, New York, New Mexico, Washington, California, Nevada, Illinois, Oregon, and Rhode … [Read more...]
Let’s Go: It’s Never Too Late to Be a Beginner
Your Survival Guy just finished reading the first draft of a client’s novel written over the last several months. It’s remarkable what she got done in less than a year. As an accomplished writer, she doesn’t need the money. She has plenty of that. But when her daughter suggested she get back into writing, she decided to put pen to paper, and the fun (hard work) began to jump off the pages. How rewarding. It’s a reminder that it’s never too late to start (or restart) something you’re good at or interested in. You have skills you honed during your career, making you the success you are today. … [Read more...]
Don’t Worry, I Won’t Tell Them Our Secret
Being a successful investor is hard. Why? Because if it were easy, everyone would be doing it. And clearly, they’re not. I don’t need to tell you. You already know this. You hear it from friends and family who ask, “Why are you so cool?” when markets are crazy. Don’t worry, I won’t tell them our secret. You understand from here, here, and here that “doing something” rather than just standing there is easier said than done. When the world is crazy, that’s when it’s time to hunker down in your cave for the winter. Like a broken record, investors learn the hard way. They did in the tech bust, … [Read more...]
Your Survival Guy’s Adventure to Fenway Park for a Winter Classic
OK, you know Your Survival Guy likes to hunker down in his cave for the winter. But on occasion, I’ll venture out amongst the throngs for an adventure. This is where I found myself Monday with family and friends for the National Hockey League’s outdoor Winter Classic between the Pittsburgh Penguins and Boston Bruins at Fenway Park in Boston, MA. The Winter Classic is the NHL’s mid-season Super Bowl, if you will, without the trophy but absolutely with the fanfare, including the most famous goal scorer in Bruins history, Bobby Orr dropping/pitching the first puck, Bell Biv DeVoe singing the … [Read more...]
Can You Guess Where Everyone Moved to in 2022?
No surprises here with the latest results from United Van Lines’ 2022 National Movers Study. What stands out most to Your Survival Guy is my favored New Hampshire being a beacon of freedom from blue Massachusetts. Let’s not forget that New Hampshire and Vermont protect your Second Amendment rights. Contrary to what progressives would have you believe, despite their pro-freedom gun laws, the two states have America’s lowest homicide rates, according to the CDC. Both states were recipients of net migration inflows in 2022, according to the United Van Lines study. Then obviously, there’s … [Read more...]
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