Coronavirus Infects Stock Market: Part XXI

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How are you holding up? Other than the fact that today feels like yesterday, you’re telling me you’re OK. If you had a well-diversified, balanced investment plan—your retirement plan is still intact.

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Retirement planning isn’t fun. It’s not supposed to be fun. But, putting the fun aside, aren’t you glad you spent time thinking about your retirement many years ago? Whether through our conversations or Richard C. Young’s Intelligence Report, you began understanding the importance of a well thought out strategy.

Based on the performance numbers for balanced portfolios, you’ve been able to weather the storm (so far!) quite well. No one said it’s going to be easy. It’s a lot like trying not to touch your face with your hands. It takes discipline and patience. It all sounds so simple.

Remember, you need to make sure your portfolio is constructed in a way where you can sleep well at night. How do you do this? Think about how you’re handling these tough markets. Lock it in your brain how you’re feeling. Then, after you make it to calmer waters, adjust accordingly.

A simple, back of napkin approach to portfolio balance is to put your age as a percentage of your portfolio in bonds. But, that’s too conservative for the big shots, right? Believe me when I tell you that today, those guys are dreaming of the return of their assets far more than the return on them.

Because it’s times like these that you and whomever you’re self-quarantined with are happy you had a plan well before this virus hit.

Read my entire series, Coronavirus Infects Stock Market here.

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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.