You’ll recall in Richard C. Young’s Intelligence Report how my father-in-law Dick would write about the Dynamic Maximizers—a portfolio dedicated to helping you keep what you’ve made.
Well, you’re probably not surprised to read that the Dynamic Maximizers are up year-to-date while stocks are, of course, down—not only that, but the Dynamic Maximizers haven’t fluctuated nearly as much as stocks, period. They’ve been steady.
There’s a lot of unrecognized value in stability in times of trouble. For one thing, it’s peaceful.
No one knows how this coronavirus is going to rip through the markets. The future is unknown, but understanding yourself and your tolerance for wild swings in the market is your first step in being a prepared investor.
Preparation is what Your Survival Guy has been doing for his family on the home front.
On Sunday, for example, I felt like a dealer in Vegas passing out cans of tuna, sardines, and garbanzo like chips, making piles for each member of my family.
No one was really paying attention, but I explained how many calories you need a day to survive.
I began by reading the labels (lots of nice flavors to choose from) and commented that a tin of sardines only has about 300 cals.
Looking at her stack Izzy said “Dad, no day will ever look like this for me. Do you know how many weeks you can go without eating?”
OK, not a big fan of the canned fish.
Then Becky dropped a bag of walnuts and chocolate chips in front of me.
Putting the cans back in my brown paper bag and storing them in the basement I realized one important, often forgotten, part of prepping: Your peace of mind.
Don’t get too fancy with your food prep. Try and buy the stuff you eat on a regular basis, especially when prepping for the short term.
Never forget the importance of one’s peace of mind. The smell of fresh-baked cookies might do a lot more good than providing calories.
Read my entire series, Coronavirus Infects Stock Market here.
E.J. Smith - Your Survival Guy
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