Your Survival Guy

Preparing your investments and family for when disaster strikes.

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It’s Time to Evaluate Your Portfolio

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By Gohgah @ Adobe Stock

When investors are feeling good about the stock market, like they are now, it’s time to evaluate your portfolio. As Warren Buffett said you want “to be fearful when others are greedy and to be greedy only when others are fearful.” Remember the big pullbacks in stocks this century and think how you would handle them in your retirement life.

Portfolio losses are ruinous because long-term investors become focused on short-term issues. It’s easy for one to say he is a long-term investor. It’s much harder to be one. Losses can happen out of nowhere.

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Action Line: Use your time wisely. Get your portfolio aligned with your risk tolerance. Most investors are risk intolerant but like with a food allergy, they only realize it after the fact. When you want to talk about risk and your portfolio, I’m 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 (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.

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