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JD Vance Wins Debate Over Weak Harris Administration

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NEW YORK (September 11, 2024) Former U.S. President Donald Trump and U.S. Sen. J.D. Vance, attend the 9/11 Anniversary Remembrance Ceremony at Ground Zero in New York City, New York. This year marks the 23rd anniversary of the terrorist attacks on the World Trade Center, Pentagon, and Shanksville, Pennsylvania. (DHS photo by Tia Dufour)

JD Vance clearly won last night’s debate. It wasn’t even close. He looked into the camera and explained to Americans the problems with the “Harris Administration”—the administration that’s been M.I.A on Main Street.

Walz was overmatched, apologizing for misspeaking about trips abroad like he’s the lead player in “Where’s Waldo?” And the moderators acted like his debate prep team. Is anyone paying attention?

Your Survival Guy asks: Do you want more of your own money in your pocket to choose freely how to invest it, or do you want the Harris Administration to do it for you? With the giant Trump-Era gift tax exemption set to expire next year, it will become increasingly expensive to be a “successful” American on Main Street. Never mind that a Harris Administration wants to tax unrealized gains for billionaires that will sooner or later come for millionaires and then the Middle Class.

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Look at the inflation created by the Harris Administration. This was not inherited. It was purposefully done to buy votes. Now the bills are coming due. We have a longshoremen strike, a natural disaster in Ashville, NC, from Helene, Iran lobbing missiles into Israel, China propping up its stock market like a Weekend at Bernie’s, and a Federal Reserve flying blind. Does that sound like a recipe for success? It feels like a recipe to fire up that 70s show.

This is not a time to “hope” it all works out. I’ve read criticisms about a balanced portfolio. What the authors are doing is looking at a mix of the S&P 500 and a total market bond fund. These are not what I would consider a carefully crafted mix of mostly dividend-centric stocks and individual bonds.

Action Line: Move to greener pastures to my favored Fidelity Investments. When you do, you will be ready to talk, so let’s talk. But only if you’re serious. Email me at: ejsmith@yoursurvivalguy.com

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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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