Your Survival Guy was speaking with a long-time client the other day. He’s an expert on all things animals. One day, a friend of his said he should meet her dad. Dad was in his early 90s and made a fortune as a racehorse breeder. She thought they’d hit it off because of my client’s interests, and they did. When they were all in the father’s den having coffee, he asked my client, “Has she told you about my book?” “No, she hasn’t,” my client said. “Honey,” he said. “Would you mind grabbing it for me?” Handing the leather-bound book to her dad, he blew off the dust and handed it to my … [Read more...]
Municipal Bonds? I’ve Kept This in Mind Ever Since
Not all fixed income is created equal. Bonds are not all the same. The right one for you must have a margin of safety. Picking the bond that is right for you is job number one. Unfortunately, investors look at how high the yield is first. Safety is something they consider second, if at all. There’s not enough focus on the return of principal. And there’s no excuse for that. People drive all over town for the best price on a gallon of gasoline. Everyone’s looking for “deals.” They jump through hoops to save a couple bucks. But investing? I can’t believe the stuff people buy. Due diligence … [Read more...]
10 Qualities of Fairly Wealthy, Highly Successful People
Here’s Your Survival Guy’s list of ten qualities of fairly wealthy, highly successful people: They’re millionaires. They put family first. They live within their means. They’re not flashy. They’ve got enough money to last them for the rest of their lives as long as they’re careful and don’t lose it. They know when to take advice. They know when they need advice. They don’t like Mr. Know-it-All. They don’t trust experts. Trust is earned. You can’t put a price tag on it. Actually, you can. It’s under a percentage point per year to work with Your Survival Guy. They’re … [Read more...]
What a Way to Make a Living: New Hampshire #1
Originally posted on January 19, 2022. When you think about what makes New Hampshire Your Survival Guy's #1 state, a good place to start is by asking: Will I be represented by my government? Will it work for me? Protect my interests? Well, with 400 state reps, one per 3,000 residents, New Hampshire is the MOST representative state in the country. That's always a great place to start. But what will keep you there? When I visit our log cabin in the White Mountains, I feel like I'm a part of the ski community in the winter and of the vacationing families in the summer. You just see … [Read more...]
YSG’s Latest Quick Top 10 Checklist for You
Your Survival Guy’s quick top 10 checklist for you today: Follow the #1 habit of highly successful people. Save ‘til it hurts. When you’re a saver, you solve a lot of life’s problems. Savers know what it’s like to do without. They’re disciplined. They’re thoughtful. They levitate to a more peaceful way of life. A better existence. They’re not needy or superficial. Don’t be needy. Save a third, spend a third, pay taxes with a third. Use your tax refund to visit Your Survival Guy. You’ll love Newport, RI. Investing is a different skill than saving. Invest with someone you trust. … [Read more...]
Know Thyself Highly Successful, Fairly Wealthy People
If you’ve followed my number one habit of highly successful people, saving money, then chances are you’re fairly wealthy. You put time on your side, and you compounded money. Explaining how you did it is hard. You just did. You put water in your Cheerios. You saved ‘til it hurt. Now you’ve got a pile of money, and the stakes are high. You don’t have the time you did when you were younger. You can’t do it all over again. When we look back in time, we tend to put today’s self into that younger person. Our mind plays tricks on us. That person, with all of today’s wisdom, didn’t exist. We tend … [Read more...]
Fixed Income: Adults Don’t Belong in the Kiddie Pool
If you’re fairly wealthy, then chances are you have a pile of money you can’t afford to lose. If you’re familiar with Richard C. Young’s Intelligence Report, you know the road to riches is to keep what you make—to focus on the return of assets. You’re familiar with the yeoman’s work Dick Young provided you with each month, including his recommended stocks on his Monster Master List, select preferred stocks, and zero-coupon bond recommendations, to name a few. Today we’re seeing opportunities in fixed income not seen in a generation. For how long this opportunity lasts is anyone’s guess. … [Read more...]
Friends, A Curated Monster Master List for You
Friends, how are we different? I’ll tell you. When you open a brokerage account at Fidelity, the world is your oyster. The account is in your name. When you add our discretionary authority to your account, you’re invested in individual stocks, among other areas. It’s like owning a perpetually curated Monster Master List from Richard C. Young’s Intelligence Report. You also might be invested in a ladder of individual bonds with set maturities. It’s a private spa, if you will. Not a mutual fund or ETF. Not a public pool full of spitters and splashers flailing around, buying and selling, like … [Read more...]
Only You Can Make This Happen: “That Was Fun”
Happy Friday. Your Survival Guy was talking with a client yesterday. He was at the helm of his sailboat. They were making their way home for the summer. I could tell it was bittersweet. They were already missing the new friends they had made over the winter. Having recently completed the crossing back to Florida, they were looking forward to some of their favorite stops along the way. It was a calm morning. It reminded me of the hours my family spent sailing Buzzards Bay and Vineyard Sound in the summer, rafting up with family friends. That was fun. One of the great parts about sailing … [Read more...]
Fidelity Foul Ball: Annuities Don’t Belong in a 401(k)
Your Survival Guy’s a big fan of Fidelity Investments, as you know from here, here, and here just to point out a few reasons why. But Fidelity is also a 401(k) powerhouse. I know this because Your Survival Guy worked in Fidelity’s 401(k) division in the mid-90s. So I’m not thrilled to write this, but it’s a big-time foul ball. Your Survival Guy’s not a fan of annuities, especially in a 401(k) or IRA. It’s a tax-deferred vehicle already. It doesn’t belong in a tax-deferred account. The minute you can get out of your 401(k) and self-direct, do it. This is yet another product to charge higher … [Read more...]
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