It Can Be Done, But to Be Done Right Takes Time

I want to share a couple conversations I had this week. One was with a client who’s been with us for 25 years. “We just decided we couldn’t do two big jobs at once,” she said. “It can be done, I guess, but to be done right, it takes time.” All these years later, I remember sitting with her and her husband, along with their son, here in Newport, RI. They wanted their son to understand the process of finding a wealth manager. Ironically, he retired last week. Time flies.

In another conversation, a client told me some guy called him last week with a promise to double his income. Thankfully, my client said no. But it’s a reminder of how easy it is for others to tell you the grass is greener. There’s no skin in the game. What do they have to lose? You’re the one who’s taking all the risks. The current gravity for interest rates is a lot higher than it has been, but let’s not get crazy.

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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 To sign up for my free monthly Survive & Thrive letter, click here.