Before you hear about my conversations with successful Americans like yourself, let’s take a quick step back and look at where the market has been over the last 20-years and consider that if you’re receiving dividends they help you dollar cost average through thick and thin.
Every day during this crisis, I’m hearing about what you’re doing to survive and thrive, and thanks to you, I’ve gained some valuable on the ground intelligence.
Here’s an email I received after a relaxed morning call with a client who is certainly prepared to live off the grid:
One thing I didn’t mention…
It says a lot about where we are in this country when, for so many Americans, the immediate knee-jerk reaction to a crisis is to look to government (federal first, state second) for a “solution.” When exactly did self-sufficiency go out of fashion? The willingness of the masses (especially the left-leaning variety) to meekly forsake the liberties enshrined in our Constitution is very distressing to me. I truly don’t think what we need in the US is even more power vested in the federal government. It has way too much already and an insatiable appetite for more. Will our citizens ever awaken to the damage being done to our way of life by ever-increasing submission to and reliance on Big Brother?
Here’s some quick hits from yesterday’s conversations:
- A client explains that his gun shop in the South has never been busier with same month sales compared to last year set to be up 300%. He said Saturday it felt like a gun show in his shop as folks who were sellers had a buyer before the goods even hit the shelves.
- Another couple has been studying the bible, forming their own bible study group, and going to Sunday Mass on their iPad.
- A doctor couple has donated N95 masks to their local front line workers. They’ve also had a heck of a time trying to get their kids home from various locations around the world.
- A grocery store owner in NYC has never been busier. Our talks are short and to the point. Let’s get back to business.
- The client I told you about who is working the early shift at Target, is now working the night shift, which he likes better because he’s heading home as customers are heading in. It’s social distancing with a paycheck. He received a raise, has plenty of overtime, and said it feels like the Christmas rush. Toilet paper is still in high demand.
- Clients living at a resort in AZ tell me other residents are still golfing as if nothing is going on. They’re not, thankfully, and tell me they’ve been relieved by all the help they’ve received from the local community.
- Other clients at a different resort in the same state, said restaurants have been open for pick-up as they’re adjusting to their new schedule. They’ve been with me for twenty years, and we’ve seen some tough markets together. None of them are easy.
- Another business owner in the South said they’ve been open through this whole thing because we’re an essential business, which made us both wonder: “What business isn’t essential?”
Overall the tone is A++++.
Read my entire series, Coronavirus Infects Stock Market here.
E.J. Smith - Your Survival Guy
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