Are You Prepared? A Long, Cold Winter for Stocks is Nothing New

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The stock market/Wall Street has made a full recovery from March, but it certainly doesn’t feel that way on Main Street.

The 10-year treasury pays you peanuts and that’s about what local businesses have earned compared to pre-virus.

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Why will they stay in business, especially in cooler New England when outside dining is basically gone for the winter?

Cities like Boston that depend on sports/entertainment/dining are not coming back this season.

In times like these, you can be your own barber—you can handle a bad haircut—but will you be your own investment counselor too?

Sometimes you need to know when to sell when everyone around you is buying.

Consider how the long winter for stocks endured the 16 years from the end of 1965 to the end of 1981—an entire retirement for many—and ask yourself: If I was nervous in March, how will I feel if stocks do nothing for the rest of my lifetime?

In other words, it makes sense for you to be paid in cold, hard cash if you’re going to expose your life’s work to the whims of the Davey day traders?

Time to get some dividend religion and pray.

When stocks move sideways, make sure you’re being paid to invest. Because the stock market has a history of doing just that.

From 1929-1954:

From 1965-1981:

Over the last year:

February high to today:

Action Line: Don’t suffer through a hard winter alone. Keep warm by reading my free monthly Survive and Thrive newsletter. Click here to sign up. I’ll help you fight the inertia that can hold you back from making the right decisions for your family’s personal and financial security.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.