When will the coast be clear, dear investors? Let’s take a minute and think about that question.
When investors were gobbling up tech shares at the beginning of this century, the crash that followed was brutal. The phrase “this time it’s different,” turned out to be wrong.
Later that decade, the idea that real estate values “would always go up,” also proved to be wrong.
What seems to me to be a better bet is to make sure you have an anchor to windward in full faith and credit Treasuries to help get you through thick and thin.
Action Line: Hope is not a strategy. Look for safety and return of assets and not return on assets. It’s hard to do when most investors can’t handle the steady method of compounding. Let’s talk.
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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 (RIP JB) and Paris.
Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
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