“The problem with the shutdown is not that President Trump is holding the government ‘hostage,’ as House Majority Leader Steny Hoyer said, but that the government has taken hostage of too much of the U.S. economy,” writes Chris Edwards editor of www.DownsizingGovernment.org at the Cato Institute, a Washington, DC.,-based think tank focused on limited government. When security at the nation’s 450 commercial airports depends on the government—a shutdown matters explains Edwards pointing out that a spokesman for the TSA screener’s union said this Tuesday: “Some of [my members] have already quit … [Read more...]
Does Your Investment Advisor Take Legal Kickbacks behind Your Back?
When you seek investment council be sure you work with an investment boutique that’s required by law to act as your fiduciary. Ask the question: “Are you required by law to act as my fiduciary.” Do not accept any answer other than Y-E-S. Because too many professionals in this industry put themselves out there as “Investment Advisors” or “Financial Advisor” when in reality they are neither. In order to legally call yourself an investment advisor you are required to act as a fiduciary. So called “advisors” working for big Wall Street firms are not required by law to be your … [Read more...]
Ceremonial Sig Sauer M17 Pistols: Tomb of the Unknown Soldier
From America1Freedom.org: Silence, Respect, Dignity and Perseverance not only represent the aspects of the Sentinel’s Creed, but the name of the four pistols being presented to the Sentinel Guard protecting the Tomb of the Unknown Soldier. The pistols were created by SIG Sauer using the specifications of the U.S. Army’s M17 Modular Handgun System and are chambered in 9 mm. Presentation of the M17 Tomb of the Unknown Pistols will take place Oct. 11 at Arlington National Cemetery Chapel at 9 a.m. Included with the private presentation will be a Changing of the Guard right afterward, where … [Read more...]
Survive and Thrive January: A 2019 Survival Guy Investment Strategy
Dear Reader, Last year Vanguard GNMA made just under one percent or 0.87% for 2018 as interest payments offset a decline in bond prices from rising interest rates. As I’ve written to you before, you don’t want to be in the interest rate prediction business. You simply want to collect your interest payments and let the chips fall as they may. When you near retirement your success as an investor depends on a nine to five mentality—work nine to five to steadily save money for retirement and invest to keep what you’ve saved. It’s that simple. A survival guy investment strategy helps … [Read more...]
“E.J., Has Your Phone Been Ringing off the Hook?”
With market volatility creeping upward, this is once again a question I'm getting, but I urge you to reread what I wrote back on February 28, 2018. Well this was a fun month for the stock market with wild swings from high to low of around 2,000 points in the Dow Jones Industrial Average. One question I’m asked on a consistent basis is “E.J., is your phone ringing off the hook?” and my answer is “no,” and I know why. Most of you have been educated by Dick Young that investment success is achieved over a lifetime, not a month or two. Investment success is about hitting singles and … [Read more...]
Survive and Thrive December: The Fed’s Powell in a Danger Zone
“When we were first starting out our mortgage rate was ten percent, not a two percent adjustable.” --says any parent who bought a home in the 1970s Dear Reader, Remember when you understood how the banking system worked? They lent you money, you bought a home, paid them back for what felt like the rest of your life and dreamed of a mortgage burning party. The bank was happy, you had a roof over your head and they spread more money around town. In other words, the fractional banking system worked. Today? Sure, houses are being bought and sold. But … [Read more...]
Survive and Thrive November: Retirement Benefits: They’re not all in Dollars
Dear Reader, You may have noticed stocks are acting a little funny lately. Whether it’s scary October, midterms, or earnings, there’s always something to worry about. I’ll tell you, the phones have been real busy here with our Maximizers inquiries, but otherwise pretty quiet from clients. Many are packing up for Florida, travelling in Paris, or enjoying the outdoors. For example, I received a picture emailed from my client at his fishing cabin in Alaska enjoying some freshly caught crabs, writing: “All retirement benefits are not in dollars. Thanks for the help making this happen. I’m … [Read more...]
Survive and Thrive October: Talking Stocks With One of America’s Oldest Stock Clubs
Dear Reader, For the seventh consecutive year Barron’s has ranked Richard C. Young & Co., Ltd. as a top independent adviser. After seeing us in Barron’s, the head of the speaking committee for the second oldest stock club in America noticed our Newport, Rhode Island location and called to see if I would give a presentation to its members. We met at the Providence Art Club, not far from the campus of Brown University. Picture a wooden conference table the size of a ship’s deck in a, bright, sun-lit room. Imagine a relaxed luncheon setting and you undoubtedly understand how lucky I … [Read more...]
Survive and Thrive September: Your Retirement Life: Fishing Block Island
Dear Reader, September is a perfect time to come visit me in Newport, RI. The weather is still beautiful and there’s plenty to do with the Newport Boat Show in town and some world class fishing. Your Retirement Life: Fishing Block Island It’s hard to beat the striped bass fishing off Block Island. In this video you see the voyage from Newport, RI to the Block for some late Summer striped bass fishing. Don Smith explains more about fishing around Block Island at On The Water: Block Island earned its reputation as a legendary striper-fishing destination many years ago. These days, … [Read more...]
Survive and Thrive August: Growing-Up in Mattapoisett/Rochester/Marion: Going on Survival
Editor’s Note: In this three-part series, I examine the benefits of self-sufficiency and resilience through the eyes of my teenage nephew, and myself. Rather than shielding children, it is important to empower them with the confidence to make decisions for themselves. That’s something I learned on “Survival.” Part I: June 19th 2018 I’m excited for my nephew. Saturday he left for a week-long camping trip called “Survival.” It’s a rite of passage for seventh graders at the tri-town regional junior high school from the towns of Mattapoisett, Rochester, and Marion, Massachusetts. I went on … [Read more...]