UPDATE 3.4.26: “If the phone doesn’t ring, it’s me,” is one of Your Survival Guy’s favorite song phrases. Because when markets get volatile like they are now, partly because of the situation in Iran, my phone doesn’t ring. It’s pretty quiet in my office, tucked away on a tree lined street. As one visitor said to me years ago, “It’s like the library in here.”
Sure, I’m on the phone like I always am, but it’s mostly me calling you. But in the world of private credit, a fancy name for non-publicly traded junk bonds, I can imagine phones are lighting up with investors wondering how “they’re” doing. That’s the other side of the coin in non-publicly traded securities. Prices are relative.
Read more here.
Originally posted August 8, 2022.
Years ago, Your Survival Guy was at a cocktail party in Newport. (Yes, it happens. I don’t live in a cave.) This was at a time when markets were in freefall. A fellow guest asked me about the markets and how busy I must be talking with clients. My response, like it always is, was “My phone doesn’t ring,”
Time and again, investors are surprised when markets fall. My phone doesn’t ring because I’m already in touch with my clients on a regular basis. And because you know me from Your Survival Guy, you know that I work to help you keep what you make. I don’t need to sell you on how to become rich. If you’re with me, chances are you’re already successful. You’ve worked to make money. Now you understand you need to invest to keep it. Easy to write. Hard to do.
Action Line: Markets can stay down for longer than investors care to understand. History shows this to be true. Don’t learn this lesson the hard way. Let’s talk.
