Your Survival Guy

Preparing your investments and family for when disaster strikes.

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If You Have a Minute, Read this Timeless Nugget from Richard C. Young

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You don’t want to be in the prediction business, period, especially when it comes to your hard-earned money. In the last week, by example, my favored GNMA fund (managed by Wellington), surged by over one percent. In a week! That’s a big move when the annual yield is around three percent.

Markets are funny. The reason for the surge in GNMAs is because the market now believes the Fed will only raise rates a couple times this year. The market, remember, is a forward looking mechanism and had already priced in three increases.

This week, in studying Richard C. Young’s Intelligence Report from February 1989, I smiled when I came across this timeless quote: “Do not make your family investment decisions based on predictions. Am I clear on the word predictions? Cross the word out of your financial vocabulary.”

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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. 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 Zilldjians. He grew-up worshiping Neil Peart 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